Market View 21 May 2010

What more can I say?
Wall Street registered the worst fall in a year as
"U.S. stocks sank nearly 4 percent on Thursday
on growing fears the euro zone's efforts to tackle
its sovereign debt crisis will fall short, jeopardizing
the global economic recovery." The picture seems to
be getting uglier every single day. I actually expected
such a scene to happen in the 2nd half of the year if
you have been reading my blog for a while, but it happened
about 2 months earlier. It's OK, among all the chaos
and difficult and complex situations, there exists great
opportunities to grab some good bargain at good
beaten-down price.

Stocks will definitely open weak this morning, but you
are expecting a red-throughout day, then you may be
surprise at the tenacity of our market. I expect to see a
much better closing, and I won't be surprise that out
of the many "bloody" stocks, there will be some greens
poping out. Let the ferocious selling by the retailers and
un-known do their job initially, and the "mighty" supporting
hand will quietly sweep up the bargains.

For Genting, still the same 86.5cts, 92cts, 98cts level to
trade the stock. Some other stocks I will be watching
closely are Sound Global, Super Group, Swiber, Cosco,
Mermaid and YZJ.

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