Market View 23 September 2009

Back to a normal trading day....
Ok, what do we have from Uncle Sam?
Nothing much actually, the market continues
its rally prospelled higher by the financials
despite a disappointing housing data.
The Federal meeting will also determine the
direction of the market today and beyond.
I still have a feeling the we are nearly at the
end of the road, unless I am proven wrong.

For our local front, yesterday main news was
that GIC selling off its Citi holding and made
a profits of 1.6 Billion along the way.
Do you wonder why did they sell at this time?
The official and politically-correct answer will be
GIC can now use the profits and the proceeds
to invest in other potential markets.
The truth is that I believe GIC don't believe that
the market will be as rosy further down the road,
and decide to bring the money home first.
Note that Citi has more than quadrupled since
early March, and you certainly don't expect it to
repeat such amazing feat again.

The same situation is also happening in our local
market. We have seen amazing run-up since
March, and I believe many should have already taken
profits, or have set a tight trailing stops, and will
dump once the situation is turning tide.

Nevertheless, I will still be trading the market on
fast pump-and-dump trades. You should know that
I like stocks in their 90s, and we can see that First Resources,
Midas, Swiber, Ascendas India Trust, Falcon Energy,
with CSE Global and Swissco warming up soon.
A surge to above $1 is highly possible in a quick pump,
and these are the type of trades that suits the nimble traders,
so trade with care.

If you are looking for a sector that will constantly be played
at anytime, and there will always have stocks from this sector
being push-up, then stick to the Marine & Offshore and Energy
sectors. We have stocks like Ausgroup, C2O Holdings, CSE,
Falcon, Mercator, Mermaid, Swissco, Swiber, Rotary, Ezra,
Ezion, TechOil & Gas.
Yes, I know that some of the stocks have risen up a lot recently,
and they are way past their fundamental value, but I am saying
stock trading now. They are the stocks for quick profits because
they are the Hot sector now, and they are volatile and the
momentum is still intact, but here we go again, have a trailing
stop really.

I have already clearly stated my trading stocks, and it is likely
I will stick to them for some time until a storm knock
me off the path.
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