Market View 15 June 2011

It was a pool of red yesterday but I did see some
green hiding among the reds. Biosensors is the
pretty obvious one, but it will still be just a rebound
from oversold position in my view. If you have
missed the first wave, then don't worry, there will
be many more waves to come if it has truly recovered
from its low.

Genting gapped down 2cts to open at 1.91 and
after hitting the low of 1.88, rebounded and
closed at the support level of 1.90 This is a wild
stock with drastic actions on either side. I am
still holding a bullish view on the stock and with
further weakness presents a good buying chance.
The next crucial support will be around the 52-week
low of 1.85

Last week, I mentioned that although I am comfortable
with the fundamental side, but Ezra simply cannot
fall below the 1.51 support level. Indeed, it created
a landslide after falling through the cliff hitting a low
1.43 before closing at 1.44 and with a small gap at
1.49-1.50 It will be interesting to see whether there will
be further dumping today as the trading volume was
quite high yesterday. Ezion's fate seems to be tied to
its parent company for the time being as well.

By now, the readers should know that I like the prospects
of STX OSV and from what I see from the chart, it
is a decent high around the 1.16-1.18 region

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 

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