Market View 8 Februray 2011

After all the big fish big meat feasting over the
CNY holiday, I am back in trading. Like what I
told a few members in Skype, I am not fully ready
for the market yet as I am still catching up on the
charts and market actions happening when I have
already closed my trading book.

Sinograndness is looking well after breaking the
the recent high of 56.5cts last week. I believe those
who are trained in candlesticks will tell me that a
Doji happened yesterday or a hanging man like
some members told me. I will be particularly interested
in this stock as long as the tiny gap between 54-54.5cts
is not closed.

Genting hit a high of 2.16 yesterday but reversed to close
at 2.06 It is going to be a roller-coaster ride now with
the stock likely to be moving in the 2.03-2.11-2.18 region.
I am still a long-term investor in the stock and my bullish
view remains although it should be noted that my entry price
was quite low.

I am quite bullish about the market currently and continue
to believe that any significant pullback is a good time to
pick up some quality bargains. The opposite will be to ride
on those strong momentum stocks which are moving to
higher ground on good volume.

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