Market View 28 October 2011

Ok, if you read any newspaper today, you will
see that the "reason" to the huge surge in
market was due to a deal (plan) to recuse
the Europe debt crisis. But is the crisis really
over or will the bottomless pit prove too much of
a challenge, only time will tell. For the meanwhile,
just enjoy the surge but don't be too happy and
ignore the fundamentals. Looking at the "haircut"
happening in Europe, I think I also need to get
a real haircut too.

A few skype readers asked me why is it that
certain stocks can surge so much while the
others only inch up a bit. I have to say that
"All Stocks are Equal but some are more Equal
than Other", a modification from the famous quote
by George Orwell in the book, Animal Farm.
The fundamental of stocks don't change overnight
but it is the sentiment and emotion change that
propel the stocks up and down. And take note that
not all stocks will have the necessary fuel (volume)
to push them higher.

I gave out a list of stocks that I normally traded
exactly in last Thursday's blog entry and you will
notice that there are Big winners yesterday.
Stocks like Olam, up 21cts or 9.5% in a day, YZJ
up 7.5cts or 8%, Biosensors up 12cts or 9%, GLP
up 11.5cts or 7%, Noble up 14cts or 9.5% and many
others that you can check out yourself. I have to say
that if you really want to make good money from
stocks, you need to be in those with good "support"
from the market players. They will be the first to move
with huge trading ranges but they are equally "strong"
on the downside.

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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