Market View 15 February 2012

STX OSV surged to day-high of 1.595
yesterday but eventually closed at 1.54
for the day. It later announce an impressive
Full-year and Q4 result together with the
proposal of a 10cts dividend. ($100 per lot)
How will it perform today?

I believe that it will open high, even gapping
up, but I am looking at the nearest resistance
at about 1.63 which the readers must watch-out
for. It may breech through the resistance intra-day
but it need to close above it for any further upside.
On another note, it is on a take-over trail as its
parent company is seeking to sell its stake of 50.75%
by April this year, according to the STX group chairman.
STX OSV was my strong recommendation last year
when it was still relatively unknown and I know
of readers who invest in it at quite low price and
I congrats you for believing in my view and you are
sitting on a very good stock. Like what I said before,
you don't need to have as many stocks to make
big in the market, you just need a couple of reliable
winners to make the mark.

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