Market View 24 October 2012

Firstly, I am not doing a write-up for the Dynasty Reit
whose public application will close at noon today.
There is a IPO debut this morning and it is an IT company,
Declout Limited. It is priced at 25cts and with a high
PE from what I read. If you ask me, I believe that it
is normal for a company to have high PE as it is in a
fast growing sector and the growth potential is also huge.

Looking at the pre-opening quote in my watchlist, it seems
like although the stocks are going to open weaker today,
it is not a bloodbath as many would expect. If you are
comfortable with what you see in the market, simply
walk away or you may choose to see whether the horror
show has a silver lining in the end. For myself, I am
expecting a better closing at the end of the day and will
see whether there are more and more green leaves
along the way.

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