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Monday, May 31, 2010

Market View 31 May 2010

While we were on public holiday last friday, Wall Street
registered again fall as "Stocks fell on Friday, capping off
their worst month in over a year as a downgrade by Fitch
of Spain's credit rating reignited worries about euro-zone
debt issues." It is going to be volatile and errational in
the trading days and weeks ahead with all these uncertainities
and untiring "spooky" news.

Ok, we are at the last trading day of the month, and it is
not going to be a good start of the trading day. Stocks will
open weaker, and I am actually hoping there will be
massive selling from the retailers and the unaware as
I see that the "supporters" will be grinning and grab up
the bargains.

Last thursday's superstar was Genting and the rest
of the winner stocks also performed respectably, but if
you held the stocks over the weekend, just have a stop
ready. Also on the watch are Sound Global, YZJ,
PEC & Cosco.

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

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