Market View 29 October 2009

Wall Street is once again in the red, with Dow
down 120 points to close at 9762, and Nasdaq
& S&P 500 continued a 4-day losing streak
to close lower. The weak housing data triggered
the concern of the pace of the economic recovery.
We will have the first estimate of third-quarter GDP
tonight, and we shall see how the market react to it.
ExxonMobile, Motorola & P&G will be reporting
their result tonight, so worth taking a look.

Our market were also in a pool red yesterday, with
just a handful of greens showing up. What is my view
with all these decline in the US and local market?
I certainly don't see it as a severe correction for sure.
It is a much-needed and required profit-taking, and
risk-reassesment time for the market players.
I take this to be a Halloween market sales, and yes,
I am enjoying all these "festive" scary sessions, and
taking my time in picking up good bargains that have
been forsaken by panic and clueless retailers.

Like what I always said, if you are really not comfortable
with what you see in the market, you can sit on the
sideline and watch the horror movie as it turn-out.
Or else, you can join in the action to fight your way through
and step on the blooody ground.
Ohh...Ohh....I must have watch too many war movies. :-p
Anyway, enter the market within your comfort level.
Get out if you must, and set a stop when you enter.

I am sure that most readers should know the news that
C20 is trying to acquire Swissco, it should have a
positive with the sector so keep a watchful eye.

Take a look: Ausgroup, Ezion, Falcon, F1, First Res, Li Heng,
Mermaid, Raffles Education, Sinomem, Swiber, United Enviro,
Uniasia, YZJ, Yingli & Pan Hong, Sinotel.
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