Wall Street advanced in overnight although there
is a lack of market-driven news. Dow gained 12 points,
S&P 500 added 2 points and Nasdaq surged 8 points.
"The U.S. economy is slowly recovering from the worst
economic downturn since the 1930s, with the latest data
showing the economy may be on the verge of creating jobs
and a majority of companies reporting stronger-than-expected
earnings." In my view, we will still see a good performance for
the market for the next 3 months or so, but I can't say that for
the 2nd half of 2010.
A few of the readers profited from the CWT surge last
couple of days, and emailed me to inform me. Congrats to
them with CWT now standing at the $1 mark, so what's next?
I believe they should have got it at a good price, so now
just enjoy the surge with a trailing stop and you will be fine.
Never...never let a profit turnaround and become a loss.
It is very demoralising and devastating to ones trading, and
it will lingers in your mind for a very long time.
Genting once again stopped at the 92cts mark and closed
at 91.5cts yesterday. It will once again test the 92cts mark,
and should it break cleanly above it, then we will likely see
it move to the next box, if you know what I mean.
There are other stocks in the 90s that are as good if not
better trading target other than Genting. We have CSE Global
at 95.5cts, Epure at 92cts, and even Broadway at 89cts,
a stone-throw from the 90s.
Some readers commented that I only give stock calls but
no entry and exit price like some other blogs. I told them to
contact me with Skype so that I can give them more timely
and powerful advice rather than I just gave what I saw in
the chart yesterday. The market and stocks change rapidly,
so should be our trades. Skype me, talk to me, ask me questions,
hear trading stories, and even rumours and noises.
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
Nicolas Darvas Box Theory Trading Method
Investing Seminar
Timeless You
1 comment:
I am an ardent fan of your blog at the recommendation of my friend who reuters and read your blog simultaneously. We both think that you have put in much effort and quite 'bingo' on your stock picks. Thanks for sharing. I bought Epure and made some profit. THANKS again.
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