Market View 5 April 2011

A few things to talk about today:
The Straits Times' Bulls and Bears column reported
"Trading activity muted,.., as many play wait-and-see game",
which I felt amused. We have another good run yesterday
with many mid-caps and pennies surging high again,
so who is pushing up the stocks? Traders take calculated
risk and enter the market even when the signs are unclear,
but I can understand that the retailers will be much cautious,
and will continue to wait and wait and see and see until the
peak is near, then only will they charge and rush in to pick-up
the remaining fish tails.

Some members asked me whether the musical chair is stopping
soon. From what I see from the market activities, profit-taking
session is quite normal but stocks will recover even stronger
after the selling.

As usual, Genting's rise was capped at 2.10 now, with good support
coming from 2.04 and further upside that I have mentioned many
times before is the 2.18 resistance.
PEC covered the gap and hit a high of 1.22 and closed at 1.20,
so when should we go in again? If you know what I am doing,
it will be above 1.22 or else just stay sideline.

Sinograndness look set to consolidate after a good run.
The main attraction of the day will be XinRen who finally
put up a good show yesterday surging 3.5cts to close at day-high 49cts.
I believe it should have further momentum to carry on the climb
and further upside will be around the 54cts region.
Some members asked about the "future" of Golden Agri, I can only
say that strong storm ahead around the 73.5cts price.


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 

别人笑我太疯颠，我笑别人看不穿