Market View 23 February 2010

Finally, after all the CNY celebrations and good rest,
and not forgetting the goodies, I am back in stock trading
today. Hope that all my blog readers will Huat big big this
year, and ROAR all the way to the bank! Haha!!
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Ok, just a recap of what happened in the US market in
overnight trading.
Dow closed lower 19 points, S&P 500 dropped 1 points while
Nasdaq fell 2 points. Stocks were actually positive for most
of the day until the last trading hour when sellings surfaced.
Fed chief Ben Bernanke will be speaking today, and "Investors
are hoping Fed Chairman Ben Bernanke clarifies the Fed's thinking
behind last week's surprising hike in the discount rate that begins
the removal of the extraordinary liquidity that has propped up markets"


Back to our local trading scene...
I received quite many emails over the last few days on
Genting, and whether it is a Buy now, or will it drop further
down. It is actually a Great Sales now on Genting when it fell
below the $1 mark. I see it as a great buying opportunity if you
are a mid-term investor, as you won't see it below $1 for long in
my own personal view. For the traders, you should know that I
simply like those stocks in the 90s region as they have a potential
to be played-up very easily pass the $1 mark again. You should know
what to do when it is near $1.......

Ok, if you are expecting a Big Budget Angpow yesterday, then
frankly, you may not be getting what you wish for. It is quite
a conservative but workable budget, if you ask me. I don't think
the market will react strongly to it as there are no surprises.

I will not be trading aggressive today, but will look for the
greens and follow the winners cautiously.
Focusing on Genting, CH Offshore, Falcon Energy,
CWT, PEC, Epure.
Winner Stocks: Sinomem, CSE, PEC, Ezion, Swiber,
Broadway, Midas & Sinotel, Golden Agri, Yingli, Biosensor.

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