Market View 22 October 2009

Too bad......
Wall Street applied an E-Brake at the final 2 hours
of trading, and the indices came down with a bang.
Dow was down 92 points at closing bell, below the
important 10000 points again after gaining 78 points
in the day. Nasdaq and S&P 500 was also having the
pattern, and closed in the red too. The more "official"
reason for the selldown will be a bank downgrade
and murky Beige Book numbers, but to me, it is
just that the "flu" has not recovered. We will have
heavyweights like 3M, Amazon & McDonald reporting
tonight, so keep a watchout.

Interestingly, our own market index STI also did
an last-minute reversal yesterday afternoon closing down
18 points, and most of the pennies were also in the red.
It is very obvious that we will be opening weakly today
morning, but I don't expect a major selldown to happen
today. I will see how the panicky retailers will sell to the
buyers, and will seek to pick-up some good bargains again.
Let the selling begins...... I will be catching below.
:-P

Take note that I will still be hunting for high risk quick punt
opportunities in the weak market which may not be suitable
for many readers. But, if you are a risk-taker, then talk to
me using Skype for further "discussion".
Take a look: Ausgroup, Ezion, Falcon, F1, First Res,
Li Heng,Mermaid, Raffles Education, Sinomem, Swiber,
United Enviro,Uniasia, YZJ, Yingli & Pan Hong.
Looking closely at Rotary, Tat Hong & Tiong Woon, Ramba,
Seroja, C2O, AFP, China Enviroment, Asia Enviroment

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

P.S.: I have setup a Facebook account yesterday with the
username Stock Lobang, and is experiencing with it now.
I have sent out Friend's request to those emails that is
also in Facebook in my mailing list. For the readers
and members who is not in Facebook, you can consider
joining us.