Market View 8 May 2009

Ok, so Uncle Sam finally closed in red
amid all the profit-taking after the stress
result was out, so how will our market react
today?

Our market and in fact, the regional market
have been on a rampant surge, ignoring all
good and bad noises, so is the curtain finally
going to be droped, and is the party over?

My view is that, our market and the Hot stocks
will still be going up in the mid-long run, but
for the time being, it need to take a well-deserved
break, and today may be a good day to start.
Recent surges was mainly done by the funds
and the institutions, and don't worry, they still
have tons of money to push up the market further,
but before that, they need the market to cool down a bit.

Yesterday, I only saw a handful of red flowers among
the greens. I just may see more reds today, and I believe
it is a welcome scene for many traders. I will be
cautious but alert today for any quick intraday trading
opportunities, and will likely clear most positions
by end-of-day, and not held over the weekend.

I will be concentrating my trade on the Hot stocks: Ezra,
Cosco,Straits Asia, Indo Agri, Noble, NOL, Olam, SembMarine,
Yanlord & Uniasia, Raffles Edu, Midas, Swiber.
I am pretty cautious but will also be alert to the still green stocks,
but Always Expect the Unexpected!

Last but not least, I wish all Buddhists Happy Vesak 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.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,
together with the coming Hot stock potentials.