Market View 18 July 2012

Ok, I received quite many Skype messages
yesterday but I was unable to reply as I am not
feeling well and went to the bed to rest for a few
hours. It is not that I am ignoring you or your
messages. I am feeling a lot better today after
taking a special elixir yesterday night. (Joking).
Keep the messages coming today....

Next, I will do a write-up of the JB Foods IPO
either this afternoon or tonight. I have been
through the prospectus a couple of times, and
it is looking good to me. More detail in the IPO blog.

Now, we come to the situation of Genting.
Yesterday, there were a comment left at the blog
and it read, " Anonymous said...
Hi Mr Lobang, Do you think it's a good time to buy
 some Genting? Looks pretty cheap at 1.36 now :)"
I believe that the readers should noticed that I
have not been talking much about Genting lately
so have it fallen out of my radar already?
No, on the contrary, I still have the stock in my
watchlist but I don't like what I see in the stock now.
It has been making 52-week low again and again
and frankly I don't know when will it stop and reverse
in its movement. I would rather follow a stock making
52-week high rather than a stock that is really a
fallen knife now. Technically, I won't touch the stock
and fundamentally wise, I don't see any incoming
catalyst to its business and the top and bottom line.

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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