Market View 26 May 2010

Wall Street finished firmer after a late rebound
as "Stocks staged a furious late-day rally on Tuesday
to push the S&P 500 into positive territory as the
focus shifted from European debt woes to buying
after shares hit six-month lows." Dow down 23 points,
Nasdaq dropped 3 points but S&P edged up 0.38 points.
It is looking like the rebound that I mentioned in past
blog entry is coming to life pretty soon.

I received some feedback emails and skype messages
after what I wrote yesterday at the blog. It is a real-life
happening, but don't worry, my friend is still able to
service those mounting bills. The message I am trying
to bring out is that Never "eat" more than you can "swallow",
you can get choked. One more thing, I know that a lot
of people like to max out their credit card limit, and only
pay off the minimum sum each month. Do you know how long
it will take if you do so monthly? Answer: 30 years.
And you will end out paying much higher than your initial
limits due to the staggering unreasonable interest rate charged.

Stocks will opened firmer today, and I will do a guerilla warfare
today, and nib on those winner stocks for intra and contra gains
for the next 2 days, as friday is a public holiday.
One readers comment to me that he wish that Noble, Straits Asia,
Olam, NOL, Yanlord will be once again below $1. This is a incredibly
tall order and only a catastrophic event will trigger such a massive
fall-back. When they are below $1 "that" time, I keep recommending
a Buy-and-Hold for mid and long term. If you have bought then,
you should have made a 200-300% profits just on them.
But all these are history now.

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