Market View 18 May 2012

US and Europe market yet another bloodshed
and closed in the red again over the Euro Crisis
again. Looking at the pre-opening figures, we are
likely to see another "red-letter" trading day in
our market again.

Needless to say, the main questions yesterday
were focused on STX OSV which somehow had
fallen from grace after hitting a day-high of 1.70
 to close at 1.58 I already mentioned that there are
a lot of "noises" aka rumours, hearsay that its
bidder will be out this week. I also stated that those
who are into this stock should have a tight trailing
stop close-by, and this was exactly the reason as you
can see from yesterday's selling. It will be volatile and
wild swing can be expected again on the stock if
any noise come out  about the bidder and the bidder'c
offer price. 

Some readers commented that the vulture example that
I used in the blog yesterday was too gruesome and gross.
Haha, since I am not the bigger beast like the lion, tiger
and bear in the wild, I will rather be the Hyena, Wolf, Fox
and Vulture that I will always be versatile and adaptable
to any market condition and pick-up scraps and pieces
along the way. Who want to be the beast with me? 8-)

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