Market View 5 February 2010

What else can I say?
US market tumbled in overnight trade over
Europe zone debt problems and higher-than-expected
jobless claims. Dow plunged 2.6% or 268 points to
10002 points, just a mere 2 points above the important
psychological mark 10000 level. S&P 500 lost 34 points
or 3%, while Nasdaq slided 65 points or 3%.
The market had been pretty volatile with any news being
given a negative view, and impact the indices. We are likely
to see such market sentiment continues in the days ahead.

Back to our local market...
Some skype members asked me about the fall of Asia Enviroments
which is in my stock watchlist. Well, it issued a profit guidance,
and I quote "
The unaudited financial results of the Group for the fourth quarter
FY2009 is expected to register a loss and the net profit for FY2009
is expected to be lower than the comparative financial results in FY2008.
Nevertheless, the Group expects to remain overall profitable for FY2009."
The company is still expecting to be profitable for FY2009, but the
market magnified the news and start to selloff the stock which was
quite "unreasonable". I took this opportunities to take quick punt
on the stocks yesterday with the intention for quick in-out
profits which materialised. This stock is turning speculative given
such circumstance, but it is a good punting stock for me for the time being.
With this reason, I will remove the stock from my watchlist as the
risk is higher now.

We can expect a pretty gloomy opening today, but I don't expect
a day-low closing for our market. If there are greens around, I will
stick to them, or else, I will just watch at sideline and see how low
the stock can drop and maybe rebound play.
Will the "invisible hand" appear again to support the stocks and
market?
There are signs that it have always come out when there are bargains
in the winner stocks, and I don't see it stopping.
Winner Stocks: Epure, Sinomem, CSE, CWT, PEC, Ezion,Swiber,
Broadway, Midas & Sinotel, Golden Agri, Yingli, Biosensor (added).
IPO punt, if available

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