Market View 9 February 2012

This is getting seriously out of hand.
Our market is really in a state of Irrational
Exuberance and the wild trading frenzy
won't last long. We can have stocks like
Interra Resources up 60.5% a day and not
a query by SGX, IPC is also up by 64% and
the reason is because of Mr Oei upping his
stake in the company. But if you look at the
SGX announcement, you will notice that the
"notice of change" was only reported after the
query. What is SGX doing? Then we still have
micro-pennies like Centillion and IPCO recording
33% and 41% intra-day gains. The Bubble is getting
bigger each day and now is not whether it will
burst but WHEN.

ST reported that there are increasing retail buying
seen in stocks. If you are just only buying stocks
now, then it is likely that you are taking the mid-night
bus and there isn't many left. I am glad to say that
many readers have went into the market at the
beginning of the year and many have made good
money in this frenzy. I know of readers who are still in
the market with some crazy winners and is monitoring
with a trailing stop. This is perfectly alright just that
the trailing stop is not just for show, and once triggered,
you must take action.

I maybe long-winded but this is not the time to
be gung-ho and keep chasing up the price.
There is a time to charge and there is a time to rest,
and now is the TIME.

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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