Market View 9 September 2011

Stocks rebounded late yesterday afternoon
after the Europe bourses opened to the green
side. We can see that market leaders like Singtel,
Genting heading the come-back and in the end
STI closed up 25 points in a turnaround.

I used to comment a lot on Genting some time
back and I believe many readers had benefited
financially way back then. Some readers wanted me
to resume the comment on the stock and I have
obliged and I will start next Monday. But just as an
appetizer, Genting is doing very well with all the
intra-day reversal that I saw on a couple of days.
I have high expectation on the stock and I believe
it will delivers.

STX OSV broke below the 1.39 support level to
a day-low of 1.375 but still managed to close above
at 1.395 I believe the 1.39 level will still be tested
but the supporting forces will protect it vigorously.
It is trading range-bound in a tight 1.33-1.39-1.46
region. I am more bullish bias on 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    

P.S.: I will be taking a vacation in 2 weeks time, and further
detail will be unveiled next Monday.