Market View 13 July 2012

It is Friday the 13th today. Is there anything
to spook the market today? The latest news
out from MTI is that "Singapore's gross domestic
product unexpectedly contracted in the second
quarter mainly due to a sequential contraction in
the manufacturing sector, indicating that the island
nation is facing the chill from troubles in the world's
biggest economies.

Gross domestic product for the three months to June
30 contracted 1.1% on a seasonally adjusted and
annualized basis, compared with a downwardly
revised 9.4% increase in the first quarter, according
to advance estimates released by the Ministry of Trade
and Industry on Friday."

Yesterday, most mid-caps suffered losses in what
was still considered a profit-taking session to
me. But among the red flowers, I can still see
a sparkling green leaf in Biosensors who still
ended the session 1ct up with a normal trading volume.
I like stocks which still manage to perform despite
the unfavourable weather, and I will keep a close
look at the stock for it to continue its momentum up.
Ezra announced a respectable result yesterday and
looking at the pre-opening price, it is going to open
the day with a bang. Will we see a sell-on-news as the
day proceeds, we shall monitor and see.

There was a comment left by a reader, " mistyblu said...
oh no, does it mean july won't be a good month afterall?
i bought semb marine at 5.12 and YJZ at 1.18 and was
hoping to see those levels again before the market takes
a break :("
I am not saying that the market will definitely be going
down at this juncture but I just highlighted to the readers
that when the Top Volume is filled with "strangers" and
those highly speculative micro-pennies, I have my concerns
and I need to voice out to warn and alert the readers
of the situation. It is not 100% that the market will drop,
but it is of a higher chance. You can see from recent
alarm that it always work out that way. Nothing is 100%
for sure, but this observation has been proven successfully
and highlighted by me quite many times already.
The readers really have to learn from this predictable
pattern and benefit from it. By the way, the recent high of
YZJ is only 1.10, so the reader must have bought the '
stock quite long ago.

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