Market View 21 April 2010

Wall Street is once again back in the greens "as oil
prices lifted energy shares and investors were upbeat
about the overall profits recovery, even as some
high-profile results fell short of lofty expectations."
Dow gained 25 points, S&P added 10 points and
Nasdaq surged up 20 points. It is going to be same
volatile sessions for the next few trading days and weeks.

It has been a really good ride with several shipping counters
like Cosco and YZJ, and lately with CAO, although I was
hoping that my positions can be bigger. Greed and Greed again....
Nevertheless, I told some members last few days that
if the stock is not losing momentum then just keep holding
them as it surge through the roof. Yes, you can take profits
along the way, but do not take all profits too soon.
Many retailers like to take quick profits and cut their losses
too late which should be the opposite situation.
I am still sticking with the winners, but I will clear them out
by Friday, as I am on vacation next week.

Nothing much more to say but keep a trailing stop and
enjoy the ride without fear.

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