Market View 14 October 2011

I just saw on CNA that Singapore have avoided
being in a technical recession, oh my, what a
bad news. It should be a good news to many
but it is kind-of-a bad news to me. With such
an market-sensitive news, it may triggered a
sell-off if we are in a technical recession and
it will be a another wonderful time to pick up the
broken pieces thrown down by ignorant retailers.
Alas, it was not to be this "perfect" scenario, but
our market will still be weaker today although the
scale is not as destructive.

A lot of readers are very interested in STX OSV
nowadays given the way that it can move in days.
This stock is relatively "unknown" when I started
recommending it but its popularity had grown since
then and the stock price has also been in a roller-coaster
mode. I stated that it will consolidate for a while
and it is still in view that this will still stands for the
time being. The perfect scenario buying opportunity
will be between the 96cts to 1.01 region as I believe
the current pullback will be within 10-15% from the
recent high. But given that the stock now is quite a
crazy horse, it can jolly well give me a back kick and
prove me wrong, but I will stand by my current view.

A couple of days ago, I mentioned that Genting's
resistance will be at 1.63 and Noble's will be 1.46,
it was indeed the case yesterday and will remain
as a strong resistance unless overcome by a strong
volume surge.

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