Market View 4 January 2012

I missed out stating my viewpoint on 2 very
popular stocks yesterday, and they are Cosco
and Genting. I have some reservations on the
prospects of Cosco on fundamental ground.
But I will still monitor the stock and I will only
be seriously interested when it has passed the
$1 mark with healthy volume. There are plenty of
other potential winner stocks that I mentioned
yesterday so there is no point in focusing on
a stock that may not perform. Stick with the winners.

I believe that many readers must have invested
or traded Genting at least once in the last few years.
It is a so-called must-trade stock for the trader
as it is one of the wildest stocks and if you are
able to tame it, there will be no bigger challenges.
Just remember this magical number for Genting for
the time being: $1.57 I mentioned this figure multiple
times and it had proven to be on the dot at times.
For example, yesterday Genting hit a high of $1.57
and close below the figure. It will test at this level again
and the next meaningful resistance will be at the $1.64 level.
Take note that once it drop below 1.57 again, then the
trend will turn short-term bearish, and 1.50 will be the
next support. If you want my personal view and  target
for the stock for this year, then I will stick out my head
and stated that I am looking at a 20-30% upside from
current level.This is one stock that I hope I didn't risk
my head, but I guess if the deadly gallows are waiting
for me, then I can't avoid it. Still, I am crossing my finger,
leg and maybe hair that I will be right on the stock again.

Please don't ask me when and if the current rally will
be ending soon, as I am also just a market participant
and I have to follow the script too. If you have chatted with
me during the November-December period, I will have tell
you to read up on "Capricorn Effect", which I believe is what
exactly is happening right now. The volume is still relatively
low and it will be beneficial to the market if the transaction
volume continue to climb. Like what I mentioned in my
market view yesterday, I am cautiously optimistic and bullish
that 2012 will be a great trading year and there are lots of
winners stocks and profits to be made.

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 

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