Market View 31 August 2011

Today is the last trading day of August and
what a month we have this year. It is really a
high-intensity roller coaster ride with stocks
plunging hard and rebounding equally hard
as well. Will this trend continue into the fresh
trading month of September? Things are beginning
to look brighter nowadays but just be viligant
and prepare for anything unforeseen circumstances.
For the record, I am actually holding the view that
we are going to have a fantastic Q4 this year
with good rally and finishing the year with a
grand finale and closing high on year-end.
Will I be right this time? We shall see.....

Interestingly, STX OSV is finally mentioned in the
newspaper today with the headline "Outlook for
offshore firms still buoyant". Keppel Corp and Semb
Marine was also mentioned together in the article,
we should know the significance of such peer relationship.

I am rather positive on STX OSV's prospect both on
the fundamental and technical ground and I have
been mentioning this stock for quite some times.
My head is also on the line as I stated that I am looking
for a 50% returns from a 1.1x buying price.
I believe my head will be intact baring any undesirable
happenings from the company or some countries.

It should be able to test the 1.39 resistance level very
soon and a breach of it will bring it face-to-face with
the next strong resistance at the 1.46 region.The chances
are looking good and I will look forward to it become
a reality with a trailing stop just in case.

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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