Market View 31 January 2011

Today is the last trading day of the month and
3 days before the Tiger hand the baton to the
Golden Rabbit. The Tiger just got to leave a
last-impression marking before his reign is temporary
over. Dow Jones was down 166 points and
S&P 500 and Nasdaq were equally bad.

"U.S. stock investors in coming sessions will determine
whether Wall Street’s end-of-the-week hard tumble was
a one-day event or the start of something more significant."

Looking at the pre-opening quotes, we are going
to open significantly lower but like what I said
last week in the blog, this is a good opportunity to
pick up some quality bargains. When I say "quality
bargains", I mean those stock with good fundamental
ground or is in a favourable sector or simply is the
market players' favourite stocks.

I have readers that  asked me to comment on a few
micro-pennies currently trading at 2, 3, 4, 5cts.
For the record, I don't trade such micro-pennies even
if the recovery story behind the stock is remarkably incredible.
I will only start to notice and monitor them until they have
"recovered" to a certain degree. Since they are so "remarkable",
they should still offer further upside when the fundamental really
picks up. Or else, I still have my many favourite stocks to fall upon,
and they have delivered good results for me for years.

For this week, I won't be doing a lot of trading although I
will use my hawk eye to snatch any "unfair" selling in
some quality stocks.

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