Market View 20 June 2011

Another trading week to make $$ from Mr Market.
Some readers that I skype with told me that they
are taking money of the market by selling their
stock-holdings and waiting for the "perfect" moment
to go in again, while some told me that they see
the current situation as a great buying opportunity
and eagerly pump in money into those beaten-down
stocks with good upside potential when the current
storm blow away. Look like we have a cup-half-full
or cup-half-empty scenario right now. For the record,
I am with the cup-half-full group.

Genting has fallen more than 20% from the high of $2.35
to close at 1.85 after hitting a low of 1.83 last Friday.
Frankly, I am still cautiously bullish about the company
and believe it should move up above the $2 mark in no
time. Technically, the recent low of 1.83 is a good support
and should it fall below the mark, the next support will be
around the 1.76 mark. There is 2 gaps between 1.87-1.88
and 1.92-1.93 and a gap-covering of this 2 region will
be a great boost to the share again.

A couple of stocks to take note of, in my opinion, are
Biosensor, Ezion, UMS, Metro, STX OSV.

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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