Market View 17 June 2011

In today's The Straits Times, it was reported that
"Asian market crash on Greece debt woes" and
there is a table showing yesterday's %drop and
%drop from recent peak in the various Asia market
around the region. I am aware of the situation and
market sentiment at the moment, but it is just one
of the many scares that we will encounter along
the way in what I believe is still a Bull Market pause.

I will not overly concern about what I am seeing now,
but if I see that the regional market index is down
20% from the recent peak, then yes, I will take
a closer look at my positions. Even the earthquake-shaken
Japan is only down 13.33% and HK is down 10%,
I am still looking at the bright side of things and
believe that the thunderstorm will be over soon
and we can continue over sun-bathing soon.
(By the way, our own market is down about 8% from
the recent peak, if you want to know.)

In a pool of bloods, we can see who is still standing
strong, and we can see that STX OSV is one of the
few still enjoying good supports while the rest took
a beating. I am pretty bullish on the stock both on
fundamental and technical ground and continue to
favour the stock well.

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