Market View 01 April 2009

Ok, I can see the smile on your face!
I believe many readers should have an
wonderfully great trading session yesterday,
and the profits should be mounting for some,
from what I received in an email.

Seriously, I told another trader from Skype
that I hope for another triple digit losses from
Uncle Sam, but that's not to be.
With STI closed at a beautiful 1699.99, only
a whisker away from mounting pass the 1700
mark, and today being April Fool's day,
who will end up to be the fool today?

We are very likely to see profit-taking at
the opening bell, but watch for Hot stocks that defy
gravity and is still green, and there should be a
couple of them.
I am still very much focusing on Hot stocks like Noble, NOL,
Olam, SembMarine, Straits Asia, Raffles Educations, Cosco,
& Yanlord. Watch out for them.
I am not launching a full-scale attack today, as I
am turning cautious after the good gains yesterday.
I will only enter when I see that the "supporters" are still
coming in to support the Hot stocks, and I also know
that there will be "Bigger Fool" behind me willing to
pick up the tab. I did covered on what is behind
"Bigger Fool" in past blog views, if you can remember.
If you are still curious about the "Bigger Fool", try
searching "Bigger (or Greater) Fool Theory"
in Google or Yahoo.

As usual, enter a position will a Trailing Stop,
and Please practice strict money-management.
If you don't like what you see in the market,
simply don't trade.

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 !!

市场生存座右铭: 风林火山