Market View 30 June 2011

The last trading day of June and Q2 2011.
Are we going to witness a last-minute window
dressing today and all stocks get to be pushed
up in a buying frenzy?
I believe you will be disappointed if you are
having such unrealistically optimistic view.
Yesterday, STI chalked up a 29 points gain but
if you look at the broad market, not many stocks
are really having a good run, the focus seems to
lie more with the blue chips. Only the "chosen" ones
will shine today, and I have highlighted a couple of
them in my blog lately.

Some readers I chatted with bought STX OSV at the
1.36 resistance-turned-support yesterday and I believe
they stand to gain a few cents of contra profits, but do
still have your cut-loss ready in case a strong headwind
comes by.

Yesterday, I received a comment from someone by the
name of Active Investor with a former remisier king,,
Peter Lim picture. He asked "How many % you can make
per year?" Well, I certainly won't disclose the exact figure
that I made, but seriously, you don't need to make money
from many stocks, you just need to make BIG money
from a couple of stocks to have a good performance year.
An example will the most recent case of STX OSV, a trader
can make at least a 10-20cts profits from the stock
and if let say you have a reasonable transaction volume,
you are close to making what others is making in a few
months of salary. It is just a simplified example and scenario
that I am talking, but as in all trades, the risks need to be
well-managed as 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 

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