Market View 9 June 2009

Finally, we have a decent correction on
profit-taking and whatever reason the press
and media can think out, most Hot stocks
turn "red-hot" and were down as much as
7% or more.
This is very healthy and much-welcomed,
and this will be a normal scene along the
trading path.

By the way, do you know how many
tiny-weeny pennies at or below 10cts
were in the Top 20 Volume?
We got an amazing 15 such pennies,
and it is just so unhealthy that the market play
is on such stock.
I will highlight them in my other blog,
read it if you want.

Ok, so Uncle Sam erased the early losses
to close at 8764.49, up 1.36 points.
It was a great buy-up near the end, but
I doubt it will bring great cheers to our market
today.
Yes, we will open firmer, but I doubt the profit-taking
sell-off is over, and we will see further weakness
in most Hot stock.
Yes, we are likely to see some green leaves
today, but not as bright.

I warned about a decent selldown and correction
is near in yesterday's post, and I certainly hope that
not many readers are stuck at the top of the stock price.
If you are stuck, it is very obvious that you did not
cut-loss, or simply don't wish to implement a
cut-loss and trailing stops money management ,
then I can't say much, but the end-result was already
written.

I still welcome any sell-down, big or small,
show me what you got and get them all coming.
Trade those still Hot (Green) stocks but be cautious of south wind.
Follow the Flow, but expect the Unexpected.
I will be trading light, if any, today on the still-hot stocks.
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