Market View 1 February 2010

We have yet another red closing on the US market
last friday, with Dow reverse from the positive region
to close in the red down 53 points, S&P 500 dropped
11 points while Nasdaq lost 32 points. If you have read
market history, you will know that historically 90%
when the US indices are in negative region for January,
it will spell trouble as the whole year is likely to be
in the red too. I have to point out that was not the case
last year. You may argue that last year was exceptional,
then I will just have to believe that this year will be
"incredible" in that sense.

I don't think that this year will be bad for the equity market.
Yes, we will definitely have our ups and downs along the way
which is part and parcel of equity trading. It is this volatility
and unpredictability that make trading so interesting and thus
profiitable and rewarding, and definitely, take note that,not
suitable for everyone.

We are just 2 weeks from the Chinese New Year, and some
skype members were asking me last week whether we will have
a CNY rally in the next 2 weeks of trading? I have to say that
the signs are not pointing to a full-scale full-blast all-out
stock rally in our market, but it will be concentrated in the
"niche" selected stocks.

If you are holding a mid-term view of the market now,
then you may want to start to accumulate and buying
those battered stocks now. Like what I have said before,
you won't know where and when is the market bottom,
and if you want to continue to wait, then I can only say
that, you will carry on to wait and wait for the "rabbit (hare)
to hit the tree" again.

I will look for opportunities and good bargain for a contra
or intra trading today and this week. If the selling intensify,
so will my buying. As simple as that.
I will be particular in those strong stocks especially those
heading toward the $1 mark.
Winner Stocks: Epure, Sinomem, Asia Enviro, CSE, CWT, PEC,
Ezion,Swiber,Broadway, Midas & Sinotel, Golden Agri, Yingli (added).
Tiger Airways (IPO punt)

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