Market View 20 April 2012

Some readers asked me about the the recently listed
3 IPO's trading prospects and whether they can be
in their holdings. I will provide my technical view today
and let's see if they can perform soon.
For Cordlife, it has no "life" and I will look at it when
it is above the 59cts mark when it is back on the
life line.
Bumitama will only be my radar after the 93cts mark.
Lastly for Civmec, I will notice it only after the 52cts mark.
These are all the technical levels that the buying will come
into the stocks after it has been taken out.

I have readers who also asked about China Minzhong
and whether there is any damaging news about it.
Looking at its price action yesterday, there isn't as if
there is a bad news, the selling will continue and maybe
intensify and worsen. I know of readers who bought the
stocks at the 90cts region and is in the money right now.
Do take note that this is a good chance to grab some for
mid-term and not as a contra or short-term punt.
Well, if you want to sell your stocks with profits within
days, I also won't know and can't stop you. But you may
say out the much regretted words " I Should Have" afterward.

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