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Friday, August 19, 2011

Market View 19 August 2011

Needless to say that it is going to be a
blood-flowing trading day, but is it going
to be another week of market turmoil the
following or is it going to be a short sell-off?
I believe that STI is definitely going to be
tested in the region of 27XX again and if
it is breached, the next meaningful support
level will be around the 2650 level. Can this
2650 level be broken as well? If there is still
great market uncertainty with all the doom
and gloom scary story about the global recession
then it is possible, but I believe that it will
be much contained this time round with all
the selling.

Frankly, I am going to continue to pick up
bargains in such time but I am not showing
hand at one shot for all the stocks, but I am
nibbling them bit by bit. I am still cautiously
optimistic that it is just a passing storm and
it will be back to normal all the damages are
done with. Stay in the sideline if you are comfortable
with the current market condition and sell your
bargains at a profits if you have picked up some
during last week 27XX trading day.

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
     
  



Thursday, August 18, 2011

Market View 18 August 2011

After the buying and selling frenzy last week,
the current trading week had been quite peaceful
and subtle, but still nevertheless volatile and
sentiment-driven. If you ask for my preference,
I definitely prefer a faster pace market action
with higher volume change-over and bigger
trading range being played-out. But that only me.

I am still very much in the market although the
position size of buying have been smaller than
last week, and yes, I have cleared off some contra
buying bought at low price last week and keeping
the rest as short-mid term investment. Most readers
should have gotten in stocks at quite low price
last week if they were willing to press the BUY button.

Current market condition is not a time to be gung ho
and showhand, but you can start by picking up some
good stocks having been battered down. The market
is moving in a typical after-a-massive-selldown scenario
with the bulls and bears still deciding when to strike.

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
     
 



Wednesday, August 17, 2011

Market View 17 August 2011

Our market finally had a profit-taking session
yesterday and it was quite expected as I have
been telling the Skype members about it.
US indexes ended the trading day down and
although we have pre-moved before this fall,
it is looking like we are going to have another
volatile session today.

I am looking at whether the Dow will fall beyond
the 11350 support this time again and if it really
happens, alarm will be sounded. But for the time
being, I am not exactly over-concern yet as I know
that market situation is going to be highly volatile,
irrational, erratic and at times, unreasonable and
brutal to the market participants currently.

STX OSV fell from grace yesterday and I believe
it will test the 1.39 resistance level pretty soon with
strong backing at 1.33 support level. This is a stock
that had won good profits with many readers and
I believe that the day and night is still young for this
stock winner. I hope to achieve a personal milestone
by the end of the year, and I believe STX OSV will
provide me with all the essential assistance.  

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
     


Tuesday, August 16, 2011

Market View 16 August 2011

US indexes rose in overnight trade and Dow
is once again above the 11350 mark after
closing up 214 points to 11483. Take note
of the 11350 level if it it being tested on the
downside next time. There are reports that
this is just a market-oversold rebound which
is possible but I will just treat everyday as
a fresh trading day and wait for THAT day
to come.

STX OSV had another good trading yesterday
and it is very strange that there were no
mentioning of it in the Straits Times which is
not a bad sign too. ST is always concentrated
in the Blues and Property counters but
ignored winners like STX OSV. I have mentioned
before that one don't need to trade a lot of
counters if one can find winner stocks that
will deliver good returns. In the case of STX OSV,
I have been recommending it for a while,
and the result is for all to see. Like what LL said
in the comment, "It’s in fact a fantastic counter and
I guess   one need only to concentrate on this counter
alone and there is good profit to be made."

The readers can recall that I stick out my head and
said that I am looking at 50% from the buying price
of 1.18-1.20 and due to the recent selloff, a couple
of readers and myself are able to get the stock at
a even more attractive price. And Yes, I am still looking
at a 50% returns from the stock. In fact, base on
the closing price of 1.39 yesterday, we are already
up about 20-25%. Some readers will take profits
within the contra period and this is a very respectable
profits in just a couple of days. While I know of readers
willing to pay-up and hold the stock for the short-mid
term for more returns from capital appreciation and
the 5cts interim dividend is also quite attractive too.
Frankly, I underestimated the real power of STX OSV
with its recent strong surge, and I gave a lower price
to a few of the Skype readers. It is OK, just let
Mr Market reveal the real potential of the stock.

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 15, 2011

Market View 15 August 2011

What a week we had last week as the market
went into a whirlpool spin and stocks and
indexes went into a free-fall but recovered
as the week ends. There have been many
doom-and-gloom reports coming out in the
papers during the weekend and words can really
kill, that is killing any potential positive sentiment
that we are having now.

I still maintain my view that as long as the recent
low of 2720 is not breached, we should do fine
in the market although the future is not as bright
yet but it is definitely not as bleak as it seems.
Some readers I chat with in Skype had went into
various positions during last week's 27XX mega
sales and sitting on paper-profits now. A couple
of them are willing to pay-up for those position
and riding down up with a mid-term view while
others are taking profits on the contra position
when it reached their desired selling price.

I believe that the market will go into a consolidation
state and any market-sensitive action from abroad
may triggered off selling but do take note of the
2720 level. It is a critical support and frankly, I don't
think it will be tested but you may never know so
always expect the unexpected.

STX OSV, one of the always mentioned stocks
performed very well last week amidst major
weakness in other stocks. It announced financial
result on Saturday morning and it was a reasonably
well result. Many readers I know are vested in the
stocks and some at pretty low entry price. Will there
be sell-on-news today? I am still bullish on the stock
and believe that any dip with be a good chance
to pickup the stock, and with its interim dividend of
5cts acting as a good support, the future is bright.

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
     


Disclaimer:

Please be aware that I am not a Certified or Qualified Financial Adviser, the views and recommendation on this blog is purely my own.

Please seek investment/trading advices from your Financial Professionals, Dealers, Remisiers before making any investing/trading decisions.

I will not be responsible and liable for any losses incur from my views and recommendations in my blog.

Take note that I may have current positions or seek to enter or add positions in the stocks that I wrote in my blog.

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