Market View 1 October 2010

Wall Street fell on the last trading day of September
but the indexes still recorded their best performance
of the month in 71 years.
Dow lost 47 points,  S&P 500 fell 4 points and
Nasdaq lost 8 points.

We are into the first trading day of October and
Q4 2010, so what can we expect this month.
October is arguably the worst trading month in
history as Mr Market somehow like to crash on
this month, so is "This" the month?

I can only say that I am not comfortable with
the recent rally which left many stocks in an
unfavourable high price and it really shows on
the stock chart that I refer to. A correction will
be just right to at least push the price to a more
reasonably price range and any further rally can
continue from there. The market should be pretty
volatile and aggressive before the start of the
Q3 reporting. If there is any untoward nasty surprises
along the way, the end-result will be a fast and furious
sell-off.

I have started to take some money of the holdings
both for taking profits out of the winners and preparing
the money for the 2 major powerhouse IPOs listing
soon. I will park some money in GIC Logistic and
Mapletree Trust as I believe their mid-long term price
appreciation potential.

Ok, talk about Genting. Like what I mentioned in
yesterday's post, the support level for the stock
is only mere bids away at 1.84 based on the
1.86 closing price yesterday. Upside will be tested
at 1.90


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