Market View 22 June 2011

It was quite a refreshing scene yesterday as most
stocks closed higher, with many closed at or near
to the day-high. A few asked me on skype whether
this run will continue or will it falter after a few days
or maybe one day. In my opinion, yesterday's surge
is a pent-up rebound waiting to happen, it is just waiting
for the "correct" moment to react. Now that we can
see the silver lining in the Europe debt crisis, things
just happened.

Do take note of the day-low of the stocks you are
interested, and should the stocks drop below the level,
the current surge is likely negated. Also, be aware that
sudden selling or sell-off may still happen, and you
will be amazed to find out the reason from the papers
that "Markets continue to cast concerns and worries
over the Europe debt crisis, or inflation in China or
US economy".

Genting hit the 1.90 wall with great strength yesterday
but unable to bring it down. It will try and try again and
by now, all should know that the next significant resistance
will be 7cts away at 1.97

Ezion and Ezra performed reasonably well and should
continue to do so. STX OSV also woke up yesterday
but can only managed to close at 1.22 on pre-closing
matching after hitting the day-high 1.24 I am pretty bullish
about the stock as the readers should know by 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