Market View 16 August 2011

US indexes rose in overnight trade and Dow
is once again above the 11350 mark after
closing up 214 points to 11483. Take note
of the 11350 level if it it being tested on the
downside next time. There are reports that
this is just a market-oversold rebound which
is possible but I will just treat everyday as
a fresh trading day and wait for THAT day
to come.

STX OSV had another good trading yesterday
and it is very strange that there were no
mentioning of it in the Straits Times which is
not a bad sign too. ST is always concentrated
in the Blues and Property counters but
ignored winners like STX OSV. I have mentioned
before that one don't need to trade a lot of
counters if one can find winner stocks that
will deliver good returns. In the case of STX OSV,
I have been recommending it for a while,
and the result is for all to see. Like what LL said
in the comment, "It’s in fact a fantastic counter and
I guess   one need only to concentrate on this counter
alone and there is good profit to be made."

The readers can recall that I stick out my head and
said that I am looking at 50% from the buying price
of 1.18-1.20 and due to the recent selloff, a couple
of readers and myself are able to get the stock at
a even more attractive price. And Yes, I am still looking
at a 50% returns from the stock. In fact, base on
the closing price of 1.39 yesterday, we are already
up about 20-25%. Some readers will take profits
within the contra period and this is a very respectable
profits in just a couple of days. While I know of readers
willing to pay-up and hold the stock for the short-mid
term for more returns from capital appreciation and
the 5cts interim dividend is also quite attractive too.
Frankly, I underestimated the real power of STX OSV
with its recent strong surge, and I gave a lower price
to a few of the Skype readers. It is OK, just let
Mr Market reveal the real potential of the stock.

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