Market View 13 September 2011

US stocks ended higher in late push-up
after a volatile session. Dow were down
as much as 167 points before ending the
day at near-high up 69 points. Will it bring
cheers to our gloomy market and will we
see the blue sky again?

Well, today morning's weather looks quite
appealing but will it spread to our market,
I am having some doubts over it. We had a
bad session yesterday and it was a huge
pool of reds as stocks got beaten down.
No point asking me how I view the market
as my view remains the same and that is
NOW is a good opportunity to start to pick-up
some good bargains. Yes, I know that we are
having crisis and chaos here and there and
it look like the end of the world is coming...

Do you think that only we know the problems
and there are nobody solving and dealing with
it right now? For a start, don't read too much
into the Straits Times article as they contained
too many harmful and negative energy and it
is almost out to instil fears all around. But when
I see such occurrances, I take it as a good time
to buy. I still read the ST everyday but I am looking
at who and who is having sales lah. 8-)

A reader commented yesterday, "Hi,
Do you know of any online brokerage for trading in
Sg market which is really cheap? Currently, the banks'
brokering arm are charging at least $20 n above. I knew
in the US, they have brokerage platform where one can
trade at $1 per transaction. Is there something like this for SG market?

Thanks for taking ur time to reply."

I can only say that I am also paying normal
commission rate in a few brokerages I have
accounts with. But I do know that if you have
a close friend working as remisier or dealer
in a brokerage, he maybe able to provide you
at a lower rate. If any reader can help up with
the above question, give me an email or just
simply comment here. But you can also call-up
or go to the brokerage website to compare the
commission rate and check-up those CFD providers
as their rate are quite competitive too.

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