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Tuesday, September 29, 2009

Market View 29 September 2009

It seem so far away last Monday and Tuesday that
I mentioned that a selldown is imminent, so is it
happening now? Uncle Sam seems to think otherwise,
performing a surge after 3 straight-day losses,
and close near to day-high on M&A news from
Xerox and Abbott. It will be interesting what will be
happening in these last 2 days of September.

It was a pool of reds in our local market yesterday,
but a pretty welcome scene to me and to the readers as well.
Some readers asked me on Skype and emails that
why did I recommend "other" stocks now rather than
the usual Ezra, Noble, Straits Asia, Olam, NOL, Indoagri
that I used to focus on. Now you should know the reason,
they are quite heavy now after a very full meal, and
yesterday's market action had lighten its load, and yes,
I will be looking at them, but not yet in full focus.

My main focus will still on the O&M and Water stocks
and those stocks in the 90s in the pump-up to pass
the $1 point. I especially like Falcon, Mermaid and Seroja
for quick trading. Yes, I know about their not-so-impressive
fundamentals, but I am talking of stock trading now.
Will Financial One be active again? Yes, I believe it will
have at least another surge, but it will be quick pump-up
so get ready to load and unload when the tide is changing.
Try to look at United Enviromental also at 51.5cts same
as Financial One, which I see will have a run-up as well.
But take note that, the push will be fast and furious,
and the selling will be without "warnings and notices",
so have a trailing stop and cut-loss in place.

I received too many emails and skype message from
readers asking me what to do when their stock price has
fallen below their buying price. I am not God, I am just a
lousy mortal, I can't just move the market in their
favour. So please have a stop and cut ready.
I have seen too many such-case, and the end-result
can be pretty disastrous.

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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Please be aware that I am not a Certified or Qualified Financial Adviser, the views and recommendation on this blog is purely my own.

Please seek investment/trading advices from your Financial Professionals, Dealers, Remisiers before making any investing/trading decisions.

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