Market View 19 October 2010

Wall Street was in the green as the 3 major indexes
posted gain in overnight trade. Dow added 81 points,
S&P 500 gained 9 points and Nasdaq up 12 points.
The corporate reporting season has started and
it will determine how far and high the indexes will
go. I just have that tiny feeling that this may be
the last leg in a short time.

Everything went through according to the script
yesterday and all eyes were focus on the GLC
heavyweight debut. It closed at 2.17, a 21cts gain
from the IPO price of 1.96 or about 11%. The price
range was 2.13-2.19, and it will be interesting if either
side got taken out. In 2 days, another heavyweight
Mapletree Industrial Trust will make its debut and
it is going to be equally exciting with so much liquidity
in the market.

My view for Genting is still the same as what was
posted in yesterday blog. I told a few readers at Skype
that the plantation stocks are worthy of a look-at,
and Golden Agri is obviously leading the laggard pack.
The rest of the mid-small cap stocks in the sector are
First Resources, Kencana Agri, and recent IPO
Global Palm. If you prefer the high-end stock,  then
Indo Agri and Wilmar will suit your taste.

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