Market View 12 October 2011

Like what I mentioned yesterday, most stock
and the index indeed opened high but closed
much lower. I believe that we will once again
close low today.

STX OSV reversed from a high of 1.09 to close
in the red at 1.005 I mentioned that a pullback
is imminent for STX OSV yesterday and I believe
a 10-15% retrace from the high of 1.09 can be expected
which give it a range of about 93-98cts. My
pullback view will be negated if it can surge pass
the recent high with good volume. I know of a couple
of readers who won as much as 20cts with the stock
last few days. Don't worry, you will have plenty of winning
opportunities with the stock as it has become a
"popular" trading stock nowadays.

If you are looking at other stocks to trade, take a look at
Ezra and Swiber.

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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