Market View 17 August 2010

Wall Street ended mixed as "Investors found little
reason to buy stocks on Monday as the Dow and
S&P 500 ended barely changed, suggesting that
even several days of losses have not convinced
institutions share prices are attractive."
Dow lost 1 points, S&P 500 gained 0.13 points,
and Nasdaq advanced 8 points.

Genting continued to defy gravity and surged to
a 1.60 high before closing at 1.58
Will it go up again or will a correction be coming?
If you have it at low price, like when I started recommendating
it at below $1, then just continue to keep it.
If you have just bought in the last few days, you
are still sitting on a decent profits, and just keep
to a trailing stop, and take the profits when the selling
comes. The next resistance after the yesterday 1.60
high is at 1.63, and the support is at 1.51
I continue to like and trade PEC and Sound Global.

I have been only concentrating my trading on just
a few stocks lately, and it is for pretty obvious reason
that the rest simply have no volume and formation
to back up my trading decisions, so being less is more
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.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default

As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!

市场生存座右铭: 风林火山