Market View 12 November 2009

The green light shines on...
Wall Street closed in the green, with the Dow up for
a straight 6-day, and hitting a 13-month high
together with the S&P 500. Nasdaq also added
16 points. To me, the sun is still shining brightly,
but one of the blog reader pointed out that a market
crash is on the pipeline. I have to reply him that I
don't see any sign yet, so I just have to move on
with the market. Yes, the recent market surge is
riding on a lower volume, but one wonder where will
the market be heading when the liquidity starts
to pour into the market. It will be a liquidity-driven
rally by then, and from what I see, we still have a
clear road to drive in for quite some time.

We may see a minor correction or profit-taking selloffs
as the Dow is up for 6 days, but the news in the after hours
that HP is acquiring 3Com in a $2.7 billion deal should provide
more carrots for the market to move further.

Ok, back to SG....
Finally, we saw some volatility and volume in a number of
Hot stocks yesterday, and it is a good sign to see it happening.
I continue to stay with the market, though the transactions
had dropped. It gets quite boring and tiring sometimes when
your stocks are moving very slowly, and there are simply
not much price changes on your screen, you just have to sit
it through. Like what the great speculator, Jesse Livermore
said, “It was never my thinking that made me money but
my sitting tight.” I can't be compared to the greats, but I know
that Mr Market is just playing the waiting game now.
There are plenty of Hot money or is that stale money on the
sideline waiting to pounce on the stocks once the liquidity is back.

I will still be looking up for trading opportunities today,
but the Energy, O&M and water treatment stocks in my focus.
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, CH Offshore.

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