Market View 16 October 2012

Wall Street closed higher in overnight trade
on corporate results announced and stocks
rebounded. Recently, our market had been
lacking significant clear-cut signals and the
trading volumes are pretty subdued and lower
than before. We can just look at the Top Volume
stocks for a guide and even the stocks in my
watchlist are showing slowing trades and volume.

Even the IPO is not spared of such a price action.
In my opinion, Courts Asia had a disappointing
debut yesterday due to weak market sentiment.
If it debuts with a better timing, it will not be trading
at just 2cts up from the IPO price. If you have read
my IPO blog, you will know that I am expecting more.
Not to worry, we will have another IPO, Religare
Health Trust coming out today and the public application
will close on 18 October, this Thursday, 12pm and
the stock will debut next Monday. It is another very
short application period, in fact, the same as Courts
Asia IPO. Another IPO, Geo Energy IPO application
will close tomorrow noon, so you can't show hand with
this 2 IPO application so close and the money won't
be back on time. I will comment on the situation in
my IPO blog very shortly. 

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