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Wednesday, July 22, 2009

Market View 22 July 2009

Ok, Uncle Sam extended further gains in the 3 major indices after starting mixed in early trading. We will have eBay & Morgan Stanley reporting today their result today. We shall see whether the rally will continue.....

Our own local market closed down in the red marginally, but some Hot stocks suffered losses, while a handful closed unchanged or slightly green.
It looks to be the same scenario today,
and I will be cautious today, while looking for green shoots to buck the trend, as they will be the main focus today. One star to watch out is Ascendas India Trust which closed strongly up 5.5cts yesterday. Why is it up? I don't know, but its trend is worth noting.

On a sidenote, today we will have a total solar eclipse, and if you believe in those folk's tales, we will have a significant event happening today which I don't know what. If you ask me, I don't believe all these shxt. I will be watching the telecast live, and enjoy watching it comfortably.

Trade those still Hot (if available Green) stocks but be cautiousof 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.
In close watch: Epure & Falcon Energy.

Enter any position with a Cut-loss level & 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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