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Thursday, May 27, 2010

Market View 27 May 2010

Wall Street's sentiment turned negative again in late
trading hour as the indexes "staged yet another
late-day reversal on Wednesday to end lower as
news suggesting China was reassessing its euro-zone
debt holdings pushed investors into profit-taking mode."
Dow closed down 69 points, S&P 500 dropped 6 points
and Nasdaq fell 15 points. I actually expect a rebound
this week but all these reversals are spoiling the mood.

Without doubt, the main superstar stock yesterday must
be Genting. Rebounding from the 92cts support level
day-low on Tuesday and staging a good rally past the
98cts resistance level. The same resistance level may be
tested again today as stocks will open weaker today.

Watch Sound Global, Cosco, YZJ and PEC as they
will be the focus when the market become firmer
during the day. Take note that today is the last
trading day of the week.

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

Wednesday, May 26, 2010

Market View 26 May 2010

Wall Street finished firmer after a late rebound
as "Stocks staged a furious late-day rally on Tuesday
to push the S&P 500 into positive territory as the
focus shifted from European debt woes to buying
after shares hit six-month lows." Dow down 23 points,
Nasdaq dropped 3 points but S&P edged up 0.38 points.
It is looking like the rebound that I mentioned in past
blog entry is coming to life pretty soon.

I received some feedback emails and skype messages
after what I wrote yesterday at the blog. It is a real-life
happening, but don't worry, my friend is still able to
service those mounting bills. The message I am trying
to bring out is that Never "eat" more than you can "swallow",
you can get choked. One more thing, I know that a lot
of people like to max out their credit card limit, and only
pay off the minimum sum each month. Do you know how long
it will take if you do so monthly? Answer: 30 years.
And you will end out paying much higher than your initial
limits due to the staggering unreasonable interest rate charged.

Stocks will opened firmer today, and I will do a guerilla warfare
today, and nib on those winner stocks for intra and contra gains
for the next 2 days, as friday is a public holiday.
One readers comment to me that he wish that Noble, Straits Asia,
Olam, NOL, Yanlord will be once again below $1. This is a incredibly
tall order and only a catastrophic event will trigger such a massive
fall-back. When they are below $1 "that" time, I keep recommending
a Buy-and-Hold for mid and long term. If you have bought then,
you should have made a 200-300% profits just on them.
But all these are history 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.

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

市场生存座右铭: 风林火山
  

Tuesday, May 25, 2010

Market View 25 May 2010

Wall Street reacted the opposite of last friday closing
in the last few hours of trading. "U.S. stocks slid on Monday,
driving the Dow to its lowest level since Feb. 10 as fresh signs
of Europe's banking problems emerged." Dow lost 130 points,
S&P 500 fell 14 points and Nasdaq dropped 15 points.
I still believe that we will see a reasonable rebound this week,
as the indexes are tested at the support level again.

Yesterday, one of the trading friends told me that he got
hitted pretty badly in last few weeks of trading, It is not
about the stocks selection or the timing, but it is because
he trade using credit card advances, and the figure had
mounted to a disastrous level.

He traded on contra and pay-off the losses using credit
card but enjoy the profits to the fullest without any thought
of preserving them as future ammunition for further contra trades.
But the main killer of his trade is that he simply has no
cut-loss level, and just let it become worse and hope for
a miraculous reversal, which most of the time never came.
He is heading for trouble, and when a destructive wave comes
by, he indeed got hitted badly and got to "temporarily"
exile from the market to recuperate and service those
card bills. I have no doubt that he will be back again
to the same pit-hole unless he learn the lesson well.

We are looking at a weak opening, but I see a better
closing although it will be wise to be cautious to any
further sell-downs. If you want to trade, for goodness
sake, stick with the greens.

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

Monday, May 24, 2010

Market View 24 May 2010

Wall Street managed to close in the positive region
last friday with a last-minute push-up, but were still
deeply down for the week. "Volatility will be the name
of the game on Wall Street next week as uncertainty
over the euro-zone debt crisis remains and investors
will need nerves of steel to make bets on risky assets
like stocks." In my own view, I believe we will see
a rebound this week although it is still going to be
volatile and erratic.

I knew of some readers who went in last friday on a
couple of stocks when they gap-down on opening,
and I believe they are sitting on a good profits or
have already taken the money out. Like what I mentioned
in blog last week, "Let the ferocious selling by the retailers and
un-known do their job initially, and the "mighty" supporting
hand will quietly sweep up the bargains." Indeed, the closing
was much better with the "supporting hands" doing the
job well.

I expect to see a much firmer market this week, although
you can say that I am still cautiously optimistic about the
short-term market condition. We should be able to see
another surge wave before the big destructive wave
surface again.

Take note of the winner stocks that I kept mentioning
and also those in the 90cts++ region stocks as they
will get push-up to a test of the important $1 mark.
I feel that we will have quite a good week ahead.

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

Disclaimer:

Please be aware that I am not a Certified or Qualified Financial Adviser, the views and recommendation on this blog is purely my own.

Please seek investment/trading advices from your Financial Professionals, Dealers, Remisiers before making any investing/trading decisions.

I will not be responsible and liable for any losses incur from my views and recommendations in my blog.

Take note that I may have current positions or seek to enter or add positions in the stocks that I wrote in my blog.

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