Market View 28 April 2009

Our market index STI closed at a "beautiful"
1818 yesterday, and most of the stocks suffered
and slide down due to the Swine Flu concerns,
and World Economy worries, mainly Uncle Sam.

I am not sure if you remembered what happened
during the 2003 SARS period, but I certainly do.
Our market was down and weak after the 2000
Tech Bubble burst, and it is exactly the SARS crisis
that revived the market and propel it up all the way
until the recent Subprime issue in Uncle Sam.

This time, we are having the Swine Flu crisis, and
the market will magnify the effect, and many stocks and
the index will once again take a hard beating,
as panic selling is done by worried and clueless investors
and retailers. But this is exactly the Best time to
pick up good stocks, because once the crisis is over,
and it will be over, we are going to have a great rebound.
If you have entered into the market in 2003 SARS period,
you should have more than 100% gain in some stocks
and the index too.
Take note that, if things can't get any worse, it got nowhere
to go, but UP.
I see history repeating itself yet again.....

Nevertheless, take good care of your health,
and be prepared for the Flu to arrive at our
homeland, as we are in a global village,
and it is simply too easy for the Flu virus to get
carried to anywhere in the world.

Yesterday saw the only green leaf in a big
red pool of flowers, Olam, and it is likely to be in
focus in the next few trading sessions.
We may see some stocks fallen down the $1 mark,
and it is a great chance to trade them again,
but only when the north wind is blowing, if you
are cautious.

I will be cautious and concentrating my trade on the Hot
stocks: Ezra, Cosco, Straits Asia, Indo Agri, Noble,NOL,
Olam, SembMarine,Yanlord & Uniasia, Raffles Edu,Midas, Swiber.
At the time of writing the blog, Straits Asia is taking a trading
halt, and it should be a significant news coming out.
The palm plantation stocks maybe in focus again today,
as Credit Suisse raised the target of Indoagri and Wilmar to
$1.15 and $3.84 respectively, and the surge may happened again
after what happened after Goldman Sachs upgraded them recently.

There may still be panic selling around the market
today, but we are likely to see more greens on closing.
If you are clueless what to trade today, then simply
wait for clearer direction, or trade light on the green leaves.

As usual, enter a position will a Trailing Stop,
and Please practice strict (Risk)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