Market View 3 April 2009

Haha, few days ago I can see that you guys'
smiles because of the winning gains from the
Hot stocks, but today I can only see your teeth
and not the eyes, get it?

I closed out all positions before the afternoon break
yesterday as I have to settle some issues outside,
so I missed out on the continual surges in the afterooon
session, but it has been a good ride of the trading
wave, and I have no complains.

I believe that many should have mounting profit
gains from a couple of good trades of winners with
more than 20cts gain, and some may still be holding
on the winners with a trailing stops. I congrats you
for doing and following a good trading practice,
"Let the winners run, and cut the losers short".

Profit-taking will set-in today's opening, and I will
be cautious trading today both for the fact that
it is the last trading day of the week, and I
clearly see a consolidation in the pipe-line
before any stronger and lasting surge will continue.

I heard from a broker from Skype that about 99%
of clients believe that the market will pull-back,
and the surge will not last. Some clients are even
not willing to go into the market yet.
Frankly speaking, it is a common knowledge that
the retailers are always the last to go into the market,
and if they "suddenly" realise that they are late for
the market rally, they will simply rush in, and just in time
for the "Sharks or the Crocodiles" to provide them with
all stocks they need.

Yes, we may have seen the bottom already, which I kept
mentioning since last year time and time. I kept telling
people to buy quality blues and Hot stocks, and just
have a stop-loss point, and you should be safe.
I wonder how many have heed my advices, and they
should be well-rewarded now.
No, we are still not clearly out of the woods yet, but
I believe I can see the lights at the end in the coming
near future.

It is interesting to note that at such a "bullish"
market sentiment that the foreign brokerages'
research reports are "upgrading" stocks either
in the target price or the stock rating.
Midas, STX, NOL, Golden Agri and a couple more
just got upgraded, and I believe we will see more
"upgrades" from the brokerage houses.
Do you get what I mean?

At the current stage, I will still be playing on the Hot
stocks like Noble, NOL, Olam, SembMarine, Straits Asia,
Raffles Educations, Cosco & Yanlord.They are in action
everyday, and you just can't miss any range or volatility
play with them. I am turning cautious with them,
and seriously, I don't mind seeing them in red, but I will
continue with those still in strength and momentum green.

If you notice from my Hot stocks, they are the bigger
winners from the mid-caps and the pennies
stocks. SembMarine is a >$2 stock again, many 80-90cts stocks
have went up pass the $1 mark, and is determined to
stay up. Now, only Straits Asia and Cosco are still below
the magical $1 mark, which I believe they can achieve
in the near future.

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