Market View 24 July 2012

I clearly mentioned that this week starting from
23th all the way to the end of the month will be
crucial and deciding about 2-3 weeks ago. And
I was proven right as we witnessed a bloodshed
in yesterday's trading. Although STI only suffered
a slight injury, the mid-caps and pennies suffered
heavy casualties. When I look at the US opening
hour last night, it was down as much as 240 points
but it managed to regain the losses and even close
down less than half at 101 points. You see, the Euro
crisis is here to stay as it will always be out to haunt
the market with this country need a bailout and that
country being downgraded by a rating agency. The
issue with the Euro crisis is that it is not a easy task
to completely settle and resolved. Frankly, each
country is just going to see how they can drag the longest
to enjoy a better rescue package and having to pay
the lesser commitments.

A readers posted the below comment in blog yesterday,
"Mr stocklobang,
Bargain hunting.... need your expert view on STI strong
support and any potential counters to buy on dip for those
who missed it. Thanks in advance.
Rgds, Wen"
Well, the stocks that I am looking are somehow still the same
minus off some which are creating 52-week low any other day.
You can refer back to my post at the beginning of the
year for the list of stocks that I look at everyday.

A few readers asked me about the IPO JB Foods which
debut yesterday. I can only say that it got off on a
bad day. In my IPO blog, I mentioned that I am looking
at a 50-66% on the stock which is about 45-50cts.
The stock's day-high yesterday was 42cts which is just
a few steps away. 

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