Market View 30 April 2009

Ok, so stocks surge up high yesterday,
but is it a one-off or will the momentum
continues?

Yesterday's surge maybe a pent-up mood
by the traders in the market (a rebound).
The Swine Flu is not getting better, in fact,
it is getting worse as I writing now. WHO has
raised the current level of influenza pandemic
alert from phase 4 to 5, with 6 the highest in the scale.

Yes, we are prepared for any incoming into our
country, and we may suffer only "mild disease",
but it is still going to impact the world as a whole,
and there is no escaping it.

From what I gathered from fellow traders and
friends, there are quite a number of "naked short"
executed by the "shorties" on Monday and Tuesday,
hoping that the market will get worse on T+4,
and they will pocket big profits when SGX buy-back
for their "naked". They may or may not get what they
desired, and it depends on what stock did they naked
shorted, but if the market were to surge up in the
coming days, we will see all these shorties entering the
market to push up the stocks in an attempt to
minimise their losses. It will be an interesting scene
to watch on next Monday and Tuesday trading.

Market will still be weak, as the fears and worries are
still in the market, and it will curb the momentum from
going stronger, but certain Hot stocks in the news will
still be volatile and heavily traded, like Straits Asia, KS Tech,
Raffles Education.

Since today is the last trading day of the week, I will be
taking a cautious but nimble view at today's trading.
I will be concentrating my trade on the Hotstocks: Ezra, Cosco,
Straits Asia, Indo Agri, Noble, NOL, Olam, SembMarine,
Yanlord & Uniasia, Raffles Edu, Midas, Swiber.
Be cautious, and stay in the sideline if you want,
and take a super-long weekend break for all
the recent "labours".
Happy Labour Day!

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

P.P.S: I have updated the near-$1 stocks views in my another
blog at http://stockreportsforyou.blogspot.com
Head over there to see the potential stocks heading toward $1.