Market View 5 Dec 2008

It has been an interesting and profitable
thursday, with Olam decided to join in the
commodities surge, and indeed it was the
biggest winner yesterday.
The rest of the Hot stocks are still steaming hot,
but I did got hit out by my trailing stops
on Noble, Straits Asia and Yanlord.

Some members asked me why Cosco can continue
to surge, when it just announced a bad news,
and "by-right" it should be shot down.
You can't be that rigid when trading in the market,
market don't always follow the "by-right" scripts,
and will staged a "by-left" show sometimes,
and this is where the big profits are from.

As I said before in past market views, the "Market"
is made up of "Players". we are just the tiny
retailers, and the major players are the Institutions'
and Brokerage Houses' traders. It is these Big Boys
who decide where the market will go each day,
you don't expect the retailers to push up the market,
do you?

I don't know why Cosco surge, I only know that I
had 1 losing trade and 1 winning trade on cosco
yesterday, and the end-result is still a profit
from trading Cosco yesterday. From a technical
view, it is simply that there are more bullish
buyers in Cosco than the bearish sellers.

If you are looking for the media press' view,
they can give you all sort of explanations,
since it had already happened. If Cosco is
down, they can say that "Investors sold off
Cosco as they are concerned about the
prospects of Cosco, and worried
about potential future contract cancellations..."
If Cosco is green, they will say that "Investors
choose to ignore the contract cancellation news,
and buy up Cosco share in line with the market
sentiment." It is all 马后炮.

Ok, back to the trading today.
I am sure that some members are still holding
to winners, and "maybe" still have not be
hit out by the trailing stops. My advice is that
we had a good trading week till now, and
it is a good time to take out profits,
and enjoy the day with your family and friends.

If you still want to trade to the last minute of the
friday closing bell, then I will tell you my view.
The "by-right" market action should be
a pool of red, since US was down yesterday,
and we will see profit-taking set-in.
I will be particularly focus on the stocks
that are still green, if you know what I meant.
I will stick to my trading stocks with Swiber
the latest addition in my radar.

If you have Skype, and would like to chat with me about stocks
and all others,you can ring me at my email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me everyday, and they
are having good trading results.

As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!

狂风暴雨终须竭，旭日东升照九洲!