Market View 19 May 2011

We have a couple of local news popping up yesterday
and this morning. PM Lee announced a rather radical
change to his new Cabinet and while some were surprised
and shocked with the new line-up and the "retirement"
of some key-holders, I am not surprised in any way.
This is quite expected given what PM Lee said and
promised during his election campaign. Let's move on.

And in the news just out this morning, "The Ministry of Trade
and Industry said Thursday that the island-nation's economy
grew 22.5% in the January-March period compared with the
previous quarter, slower than the 23.5% on-quarter expansion
estimated last month.

From a year earlier, the economy expanded 8.3%, the revised
data showed, a tad slower than a prior estimate of 8.5%, and
the ministry said that for the whole of 2011 it now expects the
economy to expand 5.0% to 7.0% rather than the 4.0% to
6.0% estimated earlier."

Ok, back to making money from stocks...
I don't want to talk about Genting today as I have mentioned
it numerous time over the last few blog entries.
There are a couple of stocks that I am particularly interested
about and they are STX OSV, UMS, Ezion and Ezra.
UMS surged to a new 52-week high yesterday but unable to
close on a high and only managed to close 61.5cts.
I will be very interested when it is near to the recent high again.
From what I saw from the charts, STX OSV has the potential
to rise pass the recent high of 1.23 toward the next nearest
resistance at 1.28

Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-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 

别人笑我太疯颠，我笑别人看不穿