Market View 12 January 2012

Another good trading day yesterday with many
stocks continued the recent strong run with
healthy volume and momentum, and now the
question on many readers' mind will be when
will it stopped and reverse or consolidate.
With the corporate result kicking off, there are going
to have some support to the current run as
expectation, prediction, hopes and optimistic
excitement comes in to the market.

My advice as always is to stick with the few
winners and monitor the accompanied volume
for any change of strength and momentum.
I got readers asking about Genting again and
again, and I have to once again say that this
stock is not currently in the play-up. It is stuck
within the range of 1.50-1.57 and a break of
either side will point to its near-term trading direction.
If you seriously want my view, I have to say that
I am more optimistic about the bull side.

There are rumours and reports in the market about
STX OSV being a buy-out target as its parent
company are trimming its positions in the stock.
If you just want a "reason" for its surge for the
past 2 days, then you can take it as it is.
To me, it is just a technical breakout and if the
stock can stay above 1.31, it will be heading to the
major resistance around the 1.37-1.38 region.

Yesterday, I mentioned that STX OSV may consolidate
around the 1.27 support level before heading higher
and it was indeed the case. The stock hit a day-low
of 1.265 and rebounded to close at 1.33 and day-high
of 1.34 As you know, this stock is one of the superstar
last year, and I maintain the view that it is going to
continue its "stardom" this year too. Frankly, I really hope
for it to be "bought-out" with a good exit price.
Crossing my fingers.......

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      .