Our local stock market was in profit-taking mood
yesterday and most stocks regurgitated some gains
from the last 2 trading sessions. It is perfectly normal
and as what I was saying yesterday in blog, " this is
a rebound that we are looking at". Just let Mr Market
rest for a few days and he will be back with a vengeance.
I will now publish some emails that I have received
from a blog reader and my reply to him.
(The sender's name is being withhold)
On Tuesday morning, I received the following email:
"GOod morning bro,
May I seek your advise on the recent Sheng Song which
IPO in the SGX. It is on a good run till now been raising
since then. However, many of the Gurus in the sharesinvestment
website deem that it's overpricing and might be due to
unhealthy speculation by big players. Is it worth holding it?"
I replied:
"Thank you for your email.
Regarding Sheng Siong, I will give you my TA view rather
than a fundamental view. Sheng Siong had surged about
61% from ipo price 33cts to close high at 53cts on Monday.
If you look at its chart, it is the typical "steep step to death".
I expect it to meet strong resistance very soon around the
57cts level and a retracement is expected. And the correction
will likely land it in the 44-45cts region. At the current moment
, it is very risky to continue to chase up the stock as once the
selling starts, it will be a steep and fast selldown on high volume.
This is my personal view based on TA. Hope that what I said
can help you in any way."
And indeed, Sheng Siong retraced yesterday after hitting
a high of 57.5cts and closed the day at 50cts.
This is the reply from the reader after I enquired whether
he has sold his stock away in this selling.
"Ya bro..
Thankz for the update.. Still tot suddenly chong to .47 lol.
Was outside in the morning din manage to sell off at .57!!
So hearpain!! Sold it off at .515. Wow u reali god man! Ppl
are selling off from their gain ytd.. So sad :("
You maybe wondering that since Sheng Siong is in
an uncharted water, how did I know it will that it will
retrace around the 57 region. Well...Mr Market told me. 8-)
The same can be said of STX OSV, I stated that it will
meet strong resistance around 1.46, and indeed it reversed
after hitting the high of 1.46 yesterday. It is going XD today
with a 5cts dividend declared. It should still be supported
around the 1.39 region.
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, September 2, 2011
Thursday, September 1, 2011
Market View 1 September 2011
What a great last trading day of August we got
yesterday! Stocks really ran amok with many
posting strong and impressive performance with
very healthy volume to close high or near day-high.
It seems like yesterday that I recommended reader
to start picking up bargains in the 27xx region and
even when STI dropped to a low of 2680, I continue
to encourage the readers and Skypes users to buy.
Now at STI standing at 2885, I seriously wonder how
many had heed my advice and benefited lately.
If you are willing to share your experience or winning
trade, you can leave a comment on the blog or email
me or Skype me to tell me about it.
Some users asked me whether this surge will continue
and for how long. Frankly, if you are technically trained,
you should be able to notice that this is a rebound that
we are looking at. The very short-term trend is optimistic
but the future is not all clear yet. There are still thunder
cloud in the horizon and I won't know whether it is just
a passing rain or a major hurricane. I can only say that
enjoy the current rebound for as long.
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
yesterday! Stocks really ran amok with many
posting strong and impressive performance with
very healthy volume to close high or near day-high.
It seems like yesterday that I recommended reader
to start picking up bargains in the 27xx region and
even when STI dropped to a low of 2680, I continue
to encourage the readers and Skypes users to buy.
Now at STI standing at 2885, I seriously wonder how
many had heed my advice and benefited lately.
If you are willing to share your experience or winning
trade, you can leave a comment on the blog or email
me or Skype me to tell me about it.
Some users asked me whether this surge will continue
and for how long. Frankly, if you are technically trained,
you should be able to notice that this is a rebound that
we are looking at. The very short-term trend is optimistic
but the future is not all clear yet. There are still thunder
cloud in the horizon and I won't know whether it is just
a passing rain or a major hurricane. I can only say that
enjoy the current rebound for as long.
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 31, 2011
Market View 31 August 2011
Today is the last trading day of August and
what a month we have this year. It is really a
high-intensity roller coaster ride with stocks
plunging hard and rebounding equally hard
as well. Will this trend continue into the fresh
trading month of September? Things are beginning
to look brighter nowadays but just be viligant
and prepare for anything unforeseen circumstances.
For the record, I am actually holding the view that
we are going to have a fantastic Q4 this year
with good rally and finishing the year with a
grand finale and closing high on year-end.
Will I be right this time? We shall see.....
Interestingly, STX OSV is finally mentioned in the
newspaper today with the headline "Outlook for
offshore firms still buoyant". Keppel Corp and Semb
Marine was also mentioned together in the article,
we should know the significance of such peer relationship.
I am rather positive on STX OSV's prospect both on
the fundamental and technical ground and I have
been mentioning this stock for quite some times.
My head is also on the line as I stated that I am looking
for a 50% returns from a 1.1x buying price.
I believe my head will be intact baring any undesirable
happenings from the company or some countries.
It should be able to test the 1.39 resistance level very
soon and a breach of it will bring it face-to-face with
the next strong resistance at the 1.46 region.The chances
are looking good and I will look forward to it become
a reality with a trailing stop just in case.
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
what a month we have this year. It is really a
high-intensity roller coaster ride with stocks
plunging hard and rebounding equally hard
as well. Will this trend continue into the fresh
trading month of September? Things are beginning
to look brighter nowadays but just be viligant
and prepare for anything unforeseen circumstances.
For the record, I am actually holding the view that
we are going to have a fantastic Q4 this year
with good rally and finishing the year with a
grand finale and closing high on year-end.
Will I be right this time? We shall see.....
Interestingly, STX OSV is finally mentioned in the
newspaper today with the headline "Outlook for
offshore firms still buoyant". Keppel Corp and Semb
Marine was also mentioned together in the article,
we should know the significance of such peer relationship.
I am rather positive on STX OSV's prospect both on
the fundamental and technical ground and I have
been mentioning this stock for quite some times.
My head is also on the line as I stated that I am looking
for a 50% returns from a 1.1x buying price.
I believe my head will be intact baring any undesirable
happenings from the company or some countries.
It should be able to test the 1.39 resistance level very
soon and a breach of it will bring it face-to-face with
the next strong resistance at the 1.46 region.The chances
are looking good and I will look forward to it become
a reality with a trailing stop just in case.
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 29, 2011
Market View 29 August 2011
A few readers emailed me asking whether we
will have a post-PE rally today and how will
market react to the elected President Dr Tony
Tan? My view is that the market will focus on
what is happening abroad and regional rather
than a domestic event such as PE. No big
impact will be detected today. If you want to
know who I voted for, well, I belongs to "the rest".
Given that tomorrow is a public holiday, I
believe that our market will be rather quiet and
will be range-bound trading today. I don't expect
to see huge swing today but just be prepared
for anything unexpected.
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
will have a post-PE rally today and how will
market react to the elected President Dr Tony
Tan? My view is that the market will focus on
what is happening abroad and regional rather
than a domestic event such as PE. No big
impact will be detected today. If you want to
know who I voted for, well, I belongs to "the rest".
Given that tomorrow is a public holiday, I
believe that our market will be rather quiet and
will be range-bound trading today. I don't expect
to see huge swing today but just be prepared
for anything unexpected.
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
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