Market View 10 June 2011

Wall Street broke a six-day losing streak to close
in the green in overnight trade, so is this going to
bring cheers to our market today?
Actually, I believe it will have an impact in the
market opening but as usual the main focus will
still be on selective stocks only and not a full-scale
run-up.

A few stocks that I mentioned recently is in the
limelight, with Hu An Cable announcing bonus issue
date and the listing of more shares in Taiwan.
This is a good news in my view and is likely to propel
the stock toward the 43.5cts 52-week high in due time.
Sinograndness continues to surge yesterday and
as I was saying, as long as it is above 46 and 49cts,
it will make a run toward the 53cts resistance.
First Resources surged to a close of 1.47 up 3cts
yesterday, and it is looking heading toward filling
up the gap left in January.

It is afterall a Friday and profit-taking may surfaced
in stocks that had a good run lately, and if you not interested
in what is happening in the stock market, you can head
to the PC Show at Suntec for the latest technology
offerings and gadgets.

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