Market View 14 August 2012

I have just been through the STX OSV result
and although the profits dropped about 12%
when compared year-on-year, it is still giving
a whopping special interim dividend of 13cts,
that is $130 per lot. I think I should be going for
another trip after getting the dividend in September,
going by what the company did last year.
By the way, I will be away on a short trip in the
last week of the month, the blog will be close
from 27th-31th August. I will be back on the first
trading day of September.

Ok, as usual there were a lot of questions on Genting
yesterday from the readers. At the moment, I
believe there are further upside for Genting when
it can break the 1.27 resistance with strength and
also cover-up the gaps. I will monitor the stock closely.
Regarding the big drop of Sakari, I have to say that
it is perfectly normal. If it continue to slide below the
1.44-1.45 support level, then it will be really bad for
the stock, and I won't rule out the possibility of going
back to square one, that is back to the 1.30s region.
However, if it can breech the 1.50 level again, then
it should be able to launch another assault on the
higher ground. But for the time being, take a break.

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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