A new trading week.
The beginning of school holiday,
together with lots of events happening.
Last month was a good trading and profitable
month for many traders, as the index and the
Hot stocks simply don't know when to
stop, and the momentum was resume everytime
after a very short break. Hot stocks were
breaking recent highs, and rotational interest
come into play and many stocks become Hot for
a few days and got push up to newew heights.
Some members asked me is this the beginning
of a new bull market. I don't and won't know the
100% answer to this question, but I can give my
humbly 2cts view on the current market surges.
If you have been reading my blog, you will notice that
I started becoming Bullish about the market in last
Oct and Nov, and intensively urging for market
entries around March which is about the same
time that the market start to turnaround and do
a powerful surge. I am cautiously bullish that the worst
maybe over, and we are very near to the end of the
wood.
Yes, we will definitely have profit-taking, selldown,
sell-off along the winning path, but the market and
stocks are finding strong supporting hand whenever
it is down to an attractive level, and it will be push back
pass the recent highs. The price action and volume seen
is still considered healthy, and should maintain for still
a while. I will consider my view if I see STI dropping down
below strong psychological level of 2000, and/or US below
the level of 8000. If this is not to be, then we will still
have plentiful of great trading opportunities.
Stocks may open on the bullish bias, but not as strong as
one may expected. As long as we have a clear indication
of the Hot stocks are moving, and have a crisp cut-loss point
and trailing stops, I still feel we will still be heading to another
great trading week and month in June and beyond.
A few stocks are in the news, like Olam said it will raise
S$437.5 million in gross proceeds by issuing about 273.5 million
new shares at $1.60 per share to Singapore's state-owned
investment company Temasek Holdings Pte Ltd.
Good move, Temasek, but one still wonder why is it that
they are selling local enterprises out, and keep buying foreign
entities. Nevertheless, Olam will benefit from the capital
injection, and Temasek will benefit from the stock price
gain and dividend yield.
I will be trading the market, but on a morecareful mood,
and only trade those still Hot (Green) stocks.
Follow the Flow, but expect the Unexpected.
Concentrate on the GREEN ( if available, but prepared)
Hot stocks: OLAM, Ezra, KS Tech, Cosco, YZJ, Straits Asia,
Indo Agri,Noble, NOL, SembMarine, Yanlord & Uniasia,
Raffles Edu,Midas, Swiber, Swissco.
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
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