Market View 23 August 2010

This is getting interesting!
Wall Street continued to fall for the second
week on recovery woe. Dow down 58 points,
S&P 500 lost 4 points while Nasdaq advanced
0.81 points. Are we going to see the indexes
heading further down? It seems like the beginning
of the end is coming....

On our local shore, I receive multiple enquiries on
Genting asking for its movement for the weeks
and beyond. I have no look-into-the-future eye,
but from what I can see from chart, it is in a 
1.45-1.51-1.57 range and it is likely to stick between
this range for some time until it breakout from either
side of the support/resistance.

Last Friday, some readers asked me about Sound Global,
and I specifically told them to go in at 73.5cts. I hope that
they have bought it as it will continue to climb unless it fall
below the day-low. I am optimistic of the stock but I do still
have a cut-loss and stop ready.


Tech stock Longcheer will be announcing result on 27th
and I am watching VERY closely on it.


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