Market View 30 May 2011

Many Skype readers told me that they made peanuts
this month as the market is erratic and "unpredictable",
and some even suffered a losses along the way.
All that I can say is that it had been a rather quiet-trading
month for me, and most of my trades were concentrated
on just a handful of stocks that I know pretty well.
It is alright to know a stock well but not falling in love
with it, and to me, it is an essential of making money from
Mr Market day-in-day-out. I don't jump straight into a
suddenly-become-hot stock but I will watch it over a few
days, knowing its pattern and style of the market players
behind it, before committing myself to the stock.

Last week, I mentioned the stock Hu An Cable which is
an unknown stock to many. I first noticed the stock from
a Skype reader (You know who you are, Thank you.)
months ago, and after looking at the fundamental of stock,
I know it is only a matter of time that its value will be
appreciated by the market players. Then, from the chart,
I noticed that it is on the fringe of a breakout, so I just
raise an alert in the blog entry last week. From the feedback,
I know that only a small pool of readers are in the stocks
due to various reason, with the main issue being the beaish
view that some are holding. I mentioned that the next resistance
will be at 41cts and 43cts with 37cts as the crucial support
this round. Please have a tight and strict cut-loss on the stock
as Murphy's Law may just surface in such a market sentiment.
I am still quite bullish on the stock but once 37cts is broken,
my view will be negated.


Look for those stocks that are still trading in the green despite
the doom and gloom sight now. I am "watching" STX OSV,
Ezion, Ezra, Ausgroup and the palm oil counters right now.

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