Market View 13 February 2012

Ok, I will keep today blog simple as
there isn't many things that I can share.
Some skype members asked me about
the scale of the profit-taking that is happening
to many stocks right now. I have to say that
the correction selling is perfectly healthy
and much needed to weed out the weak
holders and be prepared for the next wave.
I am looking at a 10-12% retracement from
the recent high made. Some stocks may
continue to surge high but I believe that
the upside potential is not as bright currently.
If you die-die-die must be in the market now,
then stick to the greens with a very tight
trailing stop.

And just for the record, I am not a supporter
for the proposed circuit-breaker on the stocks
be it the blue chips or the pennies. I believe that
every investor/trader should be responsible for
his/her own buying action  and if they never have
a trailing stop or simply refuse to take a stop-loss then
they deserve to lose big if any reversal or sudden
selling happened. The recent Yoma heavy selling in
the last 15 minutes of the trading day triggered a
suggestion of the circuit-breaker implemented on
the  pennies.Such selling happens for so many
times a year and if the retailers never learn his lesson,
then whatever measure that is implemented will be
as fruitless and useless.

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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