Market View 23 August 2012

Ok, I received several emails and Skype message
asking me whether it is still possible to enter stocks
like Amtek, Olam and China Minzhong in anticipation
of their full-year result. I have already stated their
announcement date in blog yesterday and any stock
movement now are just pre-move to the actual result.
China Minzhong continue to surge higher and it is
likely to announce a decent result next Monday before
market opens, but any good result has already been
factored into the current price and it has surge high
for weeks. It will be pretty risky to enter the stock now.
Olam is behaving the same way as CMZ. With regards
to Amtek, I don't know when is its full-year announcement
coming as the company never state that in SGX, but
its last year result was on August 25, so I believe it
will be this couple of days.

I am expecting weakness to begin to appear in the
market very soon, and like what I told many readers
who asked me the same question, it is perfectly normal
and healthy for any correction or break-down to happen
at this stage. Take a good rest and be prepared for a
couple of better trading months ahead. This is my view
and my answer to the current market sentiment.

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