Market View 7 January 2010

Once again, Uncle Sam closed mixed with Dow and
S&P 500 up by 2 and 1 points while the Nasdaq fell
by 8 points. It is looking like the unemployment figure
and the labour market will be one of the main worrying
issue that is constantly the so-called "trigger" of any
market fall-back.

Ok, yesterday in my blog, I wrote "For short-term trading,
I will be focusing on Epure, CSE, CWT, PEC,Ezion, Swiber & Midas",
and guess what, I received 2 emails and one skype enquiry
about my stock selections. The questions surround that whether
I knew that there are fundamental news coming for the stocks
that I recommended.
The reason: Epure halt trading at mid-day after surging higher
and announced that it is going for a dual-listing in Hong Kong.
CSE announced winning several contracts during the lunch break
as well, and PEC announced after market close that it was awarded
oil terminal project works in Malaysia.

I can only say that there are lots of rumours in the market,
and yes, I did heard some "noises" about the stocks, but it is
all down to momentum and the charts of the stocks.
I said before that I followed winner stocks that is still on a
high note. If there are fundamental news coming, then it can be
considered as a bonus, or it may become a sign of sell-on-news.
If there are no news, then it maybe just a speculative push-up
or rotational play, and I just ride on the momentum and
jump off when the music is stopping with a trailing stop.
That is why I keep on saying, follow the winner stocks. Period.
And don't worry, we will have "helps" from the insitutions and funds
that will prospel the stocks with their "timely" research reports.
For example, BNP raised CSE target price from 98cts to $1.25.
Will the stocks move? It is still looking good.

For today and tomorrow's trading, I am still focusing on Epure, CSE,
CWT, PEC,Ezion, Swiber & Midas.

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