Market View 29 June 2011

The story of yesterday's trading must be STX OSV
as it surged to a high of 1.40 before closing at 1.38
If you want to know the "reason" why it rose, then
I can tell you that JP Morgan initialed coverage on the
stock with a target price of $2. But to me, this is just
a catalyst for its surge as this is a well-fundamental
gem just waiting to be unearthed.

Anyway, when it was still hovering around the 1.18-1.20
region, I stick my head out and commented that I am
looking at a 50% profits from this stock in the mid-term,
and until now, I still maintain my view. It has since moved
up about 17% and I believe there is still much more upside.
A few readers benefited from my recommendation on the
stock but they sold too early looking at the comments that
they left on my blog, but I know that some went for contra
gains so it is still a good kopi-money. Next time, try for
Starbucks' coffee.

Ezra surged to a high of 1.47 but still closed below the
1.45 resistance at 1.44 It will definitely try again at the
high but I believe its upside is capped for now and a
fair consolidation is needed.
Some readers asked me about Midas which I believe will
have further upside after it cross the 66cts hurdle with
good volume and the next resistance will be at 69cts.

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