Market View 28 October 2011

Ok, if you read any newspaper today, you will
see that the "reason" to the huge surge in
market was due to a deal (plan) to recuse
the Europe debt crisis. But is the crisis really
over or will the bottomless pit prove too much of
a challenge, only time will tell. For the meanwhile,
just enjoy the surge but don't be too happy and
ignore the fundamentals. Looking at the "haircut"
happening in Europe, I think I also need to get
a real haircut too.

A few skype readers asked me why is it that
certain stocks can surge so much while the
others only inch up a bit. I have to say that
"All Stocks are Equal but some are more Equal
than Other", a modification from the famous quote
by George Orwell in the book, Animal Farm.
The fundamental of stocks don't change overnight
but it is the sentiment and emotion change that
propel the stocks up and down. And take note that
not all stocks will have the necessary fuel (volume)
to push them higher.

I gave out a list of stocks that I normally traded
exactly in last Thursday's blog entry and you will
notice that there are Big winners yesterday.
Stocks like Olam, up 21cts or 9.5% in a day, YZJ
up 7.5cts or 8%, Biosensors up 12cts or 9%, GLP
up 11.5cts or 7%, Noble up 14cts or 9.5% and many
others that you can check out yourself. I have to say
that if you really want to make good money from
stocks, you need to be in those with good "support"
from the market players. They will be the first to move
with huge trading ranges but they are equally "strong"
on the downside.

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     

Market View 27 October 2011

Don't you just hate it when the meat destined
to be coming into your mouth suddenly dropped
onto the floor?!!? When I saw that Dow was down
over 200 points on Tuesday night, I was so happy
that I will have another chance to pick up some
bargain and was hoping for another bloody session
on Wednesday. But to my disappointment, Dow went
up 162 points, although it is still net negative of about
40 points, our retailers and market players will choose
to be "forgetful" and just favour in the yesterday closing.

Our market will open high today but I really hope that
I will get my wish and the stocks will pullback and I can
take my time with the pickings.Will just keep it short
for today.

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    

Market View 25 October 2011

Most stock closed green yesterday but did
you notice that many of them also closed
at or near to the day-low rather than the
day-high? The trading volume were also
quite subdued in a way. Wall Street were up
again in overnight trade but I don't think it
will bring a great deal of strength and cheers
to the market. I believe it will be the same
case today as what happened, opened high
but ended weaker.

I received an email from a reader with questions
on STX OSV. It was sent together with a chart
but I will just publish the question in the blog
without the sender's name.

"Hi Mr stocklobang

I would need your advise on stx osv, notice that the 

previous pullback after it filled the gap of 0.8 it have a 

strong rebound, do you think this time the pullback will

fill the gap of 0.93 to 0.905 and it will be a good opportunity

to buy at 0.905?

Thanks a lot for your advise"

If you have been reading my blog lately, you will have

known that I expect a 10-15% pullback on stocks including

STX OSV from their recent high. STX OSV hit a high of

1.195 and retraced indeed 15% to a low of 1.02 and rebounded.

Never mind about all the "news" that came out but the

stock's fall did stop at the 15% mark. 

For the current situation, I definitely don't expect it to break

the 1.02 critical mark again. But if it really breached the mark

again, then it should be heading toward the next meaningful

support at 91cts. To put it very bluntly, it just cannot fall below

the 1.02 mark, if not it will triggered another down-slide. 

I know of readers who bought the stock at or near the 1.02

low last Friday, and some will be treating their trade as 

contra-trading while others will be putting money into the stock

as a mid-term investment. I believe it should consolidate around

the current price and will be moving up again but be cautious

of the stock erratic movement.

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     

Market View 24 October 2011

Wall Street rallied last Friday as the market was
anticipating that Europe will come up with a
comprehensive plan to deal with its debt problems.
Strong healthy corporate results also added
strength to the surge, with Dow up more than 2%.
It has been this case for the last couple of months
with sudden spikes coming in a few days of
inactivity then followed by a equally strong pullback
only some days later. I can only say to be very
cautious of such a spikes. Our local market will
also open up this morning but I don't expect a
equally closing figure.

The main attraction in last Friday trading is definitely
none-other-than the STX OSV. It plunged hard to
close at 1.02 with a high volume as well. I am not
going to repeat what the newspaper have already
reported, anyway, that is their side of the story.
Before the sudden plunge, I have already stated that
the stock is going to have a retracement very soon
and it is likely between the scale of 10-15%.
True to what I mentioned, it have pullback exactly
15% from the high of 1.195 to close at 1.02

Regardless of whatsoever reason, it will still open
higher in accordingly to the rest of the market and
the critical recent low of 1.02 must be seriously
watched. I know of readers who bought the stock
at about 1.02-04 region as an investment and not
to intra or contra trading the stock. The fundamental
of the stock did not change at all and I believe it
will be constantly valued by the market players
again and 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