Market View 23 June 2009

Our market stage a last-hour steep drop
to close in the red, and many hot stocks
also follow suit and close at or near day low,
due to terrible Dow futures.
Indeed, Uncle Sam closed in the red dropping
2-3%, and S&P dropping below psychological
level of 900 on economy recovery concerns.
(What else?? Tell me something I don't know.)

The obvious direction at the opening bell is
a selloff, but will it get worse as the day goes
by? I certainly don't think we will be closing
at the day-low, but I will be cautious today.
Like what I mentioned yesterday, the correction
is not over, so some stocks still got some
weights to shed before supports come in.

Yes, if stocks drop to an technically "attractive"
prices, I will be interested to go into them, but not
all, only a handful of them.
If you want to trade, stick with the greens, else
stay out and watch a horror movie.
It will be better if you can communicate to me
via Skype for more timely discussion, if you want to.

Trade those still Hot (Green) stocks but be cautious
of south wind.
Follow the Flow, but expect the Unexpected.
I will be trading today on the still-hot stocks.
Concentrate on the GREEN (If Available, but prepared)
Hot stocks: Straits Asia, Midas, Olam, Ezra, Ezion, KS Tech,
Cosco,YZJ, Indo Agri, Noble, NOL, Genting, Ascendas India Trust,
Yanlord & Uniasia, Raffles Edu,Swiber, Swissco

Enter any position with 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