Market View 16 November 2011

If you have been reading this blog and feel
that I have not been writing something "material",
and nothing much about the stocks, then
yes, you are right. The market is doing cha-cha
nowadays and although I am still in the market,
my transaction volume and stocks is on the
lower side. I still believe that we will have a good
year-end rally and until something drastic or
dramatic break my expectation, I will stick to
my view and will still be in the market.

Some Skype members asked me whether that
my travel jinx will surface again since I am going
for a week-long holiday next week. I can only
jokingly reply that if anything untoward happened
next week, then that is my fault. Haha...

I will talk briefly about STX OSV again today as I
don't want to sound like selling chinese ko-yo.
STX OSV nearest support lies at the 1.10 level and
resistance will be faced at nearby 1.16 and further
upside will be met with strong resistance at 1.21-1.22
level. I believe that many readers are in this stock
one time or the other regardless of whether it is done
on a contra basis or on investment ground. I continue
to view this stock as a strong winner in such a
volatile and turbulent market condition.

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