Market View 5 September 2011

With the US indexes down more than 2%
on Friday trading, our market will open weaker
and may become worse in the afternoon when
Europe market opens. Watch out for the US
indexes futures as it will determine our market
direction too.

I am receiving more and more emails on STX OSV
lately and it maybe due to my regular mentioning
of the stock in the blog. This is a winner stock in my
opinion and I don't mind sharing it to the blog readers.
Last Friday, even when it started trading XD with a
5cts dividend, the stock still managed to trade above
1.39 support for most of the day. Today, the support
level will be severely tested again and I expect a breach
of it initially but it should close near the support level
and no surprise that it will close above it 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