Market View 15 October 2012

Last Friday, I suggested some books for the readers
to get to know more about Mr Market and there were
some feedback from the readers on Skype, email
and the blog comment. Frankly, my suggestion is to
read as much as possible as after some time reading,
you will know what are the better classic while the rest
are plainly a waste of your time. It's ok, as long as you
benefited from the book and gain some insight and
knowledge of what Mr Marketing is doing.
Ok, some readers asked me for some more books that
they can read. I am not really a fan of Alexander Elder as I
feel that he is better off as a book writer than a professional
trader. You guys can still read his book but you may
feel the same way as me after reading them. Next, I
suggest the readers to read books by Larry William
who is a real trader.

Today will mark the return to the local market of Courts
Asia, but looking at the pre-opening quote, it is going
to be a silent entry and not with a bang. It is set to open
at only 79cts, a mere 2 cts up from the IPO price, as I
was writing right now. I believe it still have upside potential
but the market sentiment maybe dragging it down for now.
I will give my view on the next IPO, Geo Energy soon and
the latest will be by Tuesday. The IPO application will close
on Wednesday noon.  

We will have lots of event happening this week with many
corporate result out from the US and local. There will
be a couple of sensitive data coming out too. It is going
to be an eventful and excitingly volatile week ahead.


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