Market View 11 November 2011

What a wonderful date 11/11/11 today
with many couples getting married and
I also receive a "red bomb" and have
a wedding dinner to attend tonight.
It is going to be a memorable evening
on such a significant date and just forget
about the market for a few hours.

Lots of email and skype messages I received
yesterday was on where and how it will
move now? A very simple but useful method
is to look out of breakout on either side of
its day-move yesterday. A breech of the yesterday
day-high indicated that the buyers (bull) may
be in the stock to push it higher. A break below
the day-low will be bad and points to further
downside. Seriously, I am still in Noble, and
I admit that I have some holdings stuck at a
higher price than the closing yesterday, and
I also confess that I did intra-trading on the stock
yesterday and my holding are virtually all paid-for.
I am still confident and bullish that Noble can
turn it around in a dramatic fashion and then
many will just rush in to push it higher.

If you are interested in what the brokerage analysts
are now viewing Noble, I got a list of the brokerage
and their target price. It is quite a huge gap in what
the analysts view the stock now.
CIMB: $0.99
DMG: $1.20
OCBC: $1.16
DBS: $1.45
UOB: $1.20
CS: $1.80
Daiwa: $1.80
It seems like the Angmo are more daring with their
target price and expectation.

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 !!

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