As mentioned in earlier blog posting, I believe
that it is a very good time to buy as and when
STI is in the 27XX region, and I was proven
right yesterday. Some readers told me that
although they were prepared to buy when they
saw the index plunging in the early trading,
but they were over-awed and shocked at the
scale of the sell-down, and thus never take
action and miss a great buying opportunity.
Some readers however have too spolit for
choices that they cannot decide on what or
which stock to buy and eventually bought the
stock at slightly higher price or didn't get the
desired stock at the optimal price. There were
other skeptical readers who will wait for the
"perfect" time to go into the market, and for them
my advice is to continue to wait.
Many readers will wondered whether this is the
end of the selling and we are on the way back
to the 3000s. My personal view is that as long
as we don't see another low, that is even lower
than the 2720 we saw yesterday, we should be
pretty safe and sound. For the stocks too, the situation
is the same. As long as the yesterday day-low
is not breached again, the stock may have found
an near-term bottom. I believe that there are not
many analysts or market-watcher out there telling
people that a rebound will come in the 27XX and
is a good time to pick up stocks when it happens,
and I am willing to voice out my view on the market.
Those who believe me are rewarded with good buy
at reasonable price and sitting on profits now.
You can either choose to ride up the profits or
take profits if you feel that the coast is still not clear.
Regardless of your eventual action, do take note that
you definitely need to have trailing stop in such
a market sentiment.
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
Nicolas Darvas Box Theory Trading Method
Investing Seminar
Timeless You
Friday, August 12, 2011
Thursday, August 11, 2011
Mid-day market review
Blogger was down for maintenance this morning
so I wasn't able to write a Market Review.
I will provide a short one on the current market
situation now.
Days ago, I stated that "If and when STI drop to
the 27XX region, it is a WONDERFUL time to pick
up the battered stocks." and indeed STI reached
a day-low of 2720 before rebounding to about 2794
as I was writing now. I wonder how many of readers
actually pick up stocks during this "27XX stock sales".
If you have bought some bargains then stay tight as
I believe you should be sitting on paper-profits now.
What is my view on the current international crisis now?
I believe that the situation will cool and settle down
in the days ahead as measures are being push-out
to rescue the situation. I am not saying that the shit-hole
is filled by the solution and measures out but at least
the coast is clearer and we will see the sunny skyline.
As mentioned before, this is just my own personal assessment
and not an suggestion or recommendation to pump
in all that you got into the market. I am still picking
and buying stocks bit by bit into the market, I am certainly
not showing hand right now. There are times to be viligant
and there are times to be wild.
Ok, that is all I have to say in this hot afternoon..
so I wasn't able to write a Market Review.
I will provide a short one on the current market
situation now.
Days ago, I stated that "If and when STI drop to
the 27XX region, it is a WONDERFUL time to pick
up the battered stocks." and indeed STI reached
a day-low of 2720 before rebounding to about 2794
as I was writing now. I wonder how many of readers
actually pick up stocks during this "27XX stock sales".
If you have bought some bargains then stay tight as
I believe you should be sitting on paper-profits now.
What is my view on the current international crisis now?
I believe that the situation will cool and settle down
in the days ahead as measures are being push-out
to rescue the situation. I am not saying that the shit-hole
is filled by the solution and measures out but at least
the coast is clearer and we will see the sunny skyline.
As mentioned before, this is just my own personal assessment
and not an suggestion or recommendation to pump
in all that you got into the market. I am still picking
and buying stocks bit by bit into the market, I am certainly
not showing hand right now. There are times to be viligant
and there are times to be wild.
Ok, that is all I have to say in this hot afternoon..
Wednesday, August 10, 2011
Market View 10 August 2011
What a turnaround in US market in
such a short period! Major indexes in
the US closed in the high after "The
Federal Reserve offered super-low interest
rates for two more years". Dow was down
more than 200 points before the Fed
announcement brought it back from the dead
and closed up 430 points or 4%.
S&P 500 also added 4.8% and Nasdaq
soared 5.3%
If you ask my opinion on the current market
situation, I have to say that it is merely a rebound
that we are looking at now. US indexes may continue
to surge forward or it may go into reverse gear again
tonight.
I am still a buyer at this stage but I am picking up
quality stocks bit by bit now. I will turn net buyer
as and when STI is in the 27XX region which I
really hope it will fall further to my desired level.
The blue chips had been battered quite badly
regardless of its inherent fundamental value,
but I see value in them and will buy and hold
them for the mid-term. Other quality pennies and
mid-caps are mentioned in my blog for many
times and I wish to repeat them again.
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
such a short period! Major indexes in
the US closed in the high after "The
Federal Reserve offered super-low interest
rates for two more years". Dow was down
more than 200 points before the Fed
announcement brought it back from the dead
and closed up 430 points or 4%.
S&P 500 also added 4.8% and Nasdaq
soared 5.3%
If you ask my opinion on the current market
situation, I have to say that it is merely a rebound
that we are looking at now. US indexes may continue
to surge forward or it may go into reverse gear again
tonight.
I am still a buyer at this stage but I am picking up
quality stocks bit by bit now. I will turn net buyer
as and when STI is in the 27XX region which I
really hope it will fall further to my desired level.
The blue chips had been battered quite badly
regardless of its inherent fundamental value,
but I see value in them and will buy and hold
them for the mid-term. Other quality pennies and
mid-caps are mentioned in my blog for many
times and I wish to repeat them again.
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
Monday, August 8, 2011
Mid-day review on the current market sell-off
Ok, it had been a very chaotic and irrational
trading day following the downgrade by S&P 500
on US credit rating. Regional market are also
feeling the heat, Hang Seng and Shanghai market
is down by about 4% and our beloved STI
is below 2900 points.
I am going to make a bold statement in the blog
and say that, months from now, we will look
back to this day and say "I Should Have.....",
the Chinese equivalent is "早知道". I believe
that the market is over-reacting and the selling
is really over-done.The selling will cool down
and we will once again basking in the sun.
I know that there are all the end-of-the-world
doomsayer reports out there saying that Recession
is coming and something about the Perfect Storm
hitting us soon. Ok, to each his own.
My view is that Yes the US market may continue
to fall in these couple of days and the STI will
follow suit, but it is a GREAT BUYING OPPORTUNITY
at this stage. If and when STI drop to the 27XX region,
it is a WONDERFUL time to pick up the battered stocks.
If you are asking whether I am sticking my head
out this time for making such a blatant statement,
I think I will keep my head intact this time, but I
really don't believe that we are heading down
the cliff on a free-fall. Let's just say that we are
falling now, but we are going to pull the parachute
very soon.
Very simple, is there a chance that the STI will not
drop to the 27xx level, many readers may be thinking.
Yes, possible, anything and everything is possible
but I believe we will see the 27xx even if it is just
a short period.
Please take note that I am just a market participant
like the readers and members reading my blog, and
the views expressed here are purely my own personal
assessment of the market situation and sentiment now.
I don't have a crystal ball from Mr Market and I certainly
don't have a Stock Market Oracle telling me what he/she
sees in the future. Therefore, please take my views
with many pinches of salt and grill my statements
before deciding whether to pump money into the market.
trading day following the downgrade by S&P 500
on US credit rating. Regional market are also
feeling the heat, Hang Seng and Shanghai market
is down by about 4% and our beloved STI
is below 2900 points.
I am going to make a bold statement in the blog
and say that, months from now, we will look
back to this day and say "I Should Have.....",
the Chinese equivalent is "早知道". I believe
that the market is over-reacting and the selling
is really over-done.The selling will cool down
and we will once again basking in the sun.
I know that there are all the end-of-the-world
doomsayer reports out there saying that Recession
is coming and something about the Perfect Storm
hitting us soon. Ok, to each his own.
My view is that Yes the US market may continue
to fall in these couple of days and the STI will
follow suit, but it is a GREAT BUYING OPPORTUNITY
at this stage. If and when STI drop to the 27XX region,
it is a WONDERFUL time to pick up the battered stocks.
If you are asking whether I am sticking my head
out this time for making such a blatant statement,
I think I will keep my head intact this time, but I
really don't believe that we are heading down
the cliff on a free-fall. Let's just say that we are
falling now, but we are going to pull the parachute
very soon.
Very simple, is there a chance that the STI will not
drop to the 27xx level, many readers may be thinking.
Yes, possible, anything and everything is possible
but I believe we will see the 27xx even if it is just
a short period.
Please take note that I am just a market participant
like the readers and members reading my blog, and
the views expressed here are purely my own personal
assessment of the market situation and sentiment now.
I don't have a crystal ball from Mr Market and I certainly
don't have a Stock Market Oracle telling me what he/she
sees in the future. Therefore, please take my views
with many pinches of salt and grill my statements
before deciding whether to pump money into the market.
Market View 8 August 2011
What an eventful August that we are
having this year. After the US debt crisis
was resolved, we have the worries continued
for the US economy woe and the potential
Eurozone debt crisis. If that was not enough,
we have the S&P 500 downgrading the US
rating during the weekend. Look like we will
have a rather drastic and volatile month ahead.
As I was writing now, Nikkei is down by about
1% and there is no reason why our market will
not react the same way upon opening.
It is going to be a another pool of reds on
opening bell but it should be a more gently one.
As the day proceeds, the selling may intensify
if the US futures are showing another selloff
tonight. It is really a gloomy picture as the Dow
futures is showing a 1.8% to the downside now.
I mentioned that Dow will find support at 11350
last week, and although the index breached the
level in the beginning, it managed to close above
at 11445. But if the index breached through the
level again tonight and even below the Friday
day-low, it is really going to be chaotic and choppy
in the days ahead. We will take a break tomorrow
when we celebrate our National Day while letting
the rest of the markets unveil the impact of the recent
S&P downgrade.
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
Happy National Day, Singapore! Majulah Singapore!
having this year. After the US debt crisis
was resolved, we have the worries continued
for the US economy woe and the potential
Eurozone debt crisis. If that was not enough,
we have the S&P 500 downgrading the US
rating during the weekend. Look like we will
have a rather drastic and volatile month ahead.
As I was writing now, Nikkei is down by about
1% and there is no reason why our market will
not react the same way upon opening.
It is going to be a another pool of reds on
opening bell but it should be a more gently one.
As the day proceeds, the selling may intensify
if the US futures are showing another selloff
tonight. It is really a gloomy picture as the Dow
futures is showing a 1.8% to the downside now.
I mentioned that Dow will find support at 11350
last week, and although the index breached the
level in the beginning, it managed to close above
at 11445. But if the index breached through the
level again tonight and even below the Friday
day-low, it is really going to be chaotic and choppy
in the days ahead. We will take a break tomorrow
when we celebrate our National Day while letting
the rest of the markets unveil the impact of the recent
S&P downgrade.
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
Happy National Day, Singapore! Majulah Singapore!
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