Market View 17 October 2012

First of all, if you are interested to apply for the
Geo Energy Resources IPO, then you have another
3 hours till noon to do so. I have written my personal
view on the stock at Singapore IPO Lobang  
Also I will do a write-up on another IPO, Religare 
Health Trust today. The public application closes 
tomorrow noon. I read from the Straits Times that 
there is another IPO listing on the Catalist board
next Wednesday. I will go through the prospectus   
and do a write-up if I feel that it is a good listing. 

Ok, back to the market.
Wall Street surged high again in overnight trade due
to good corporate results announced. Dow is up more
than 200 points in 2 days and Nasdaq and S&P 500
also posted respectable gains. But somehow, our market
never make a move. It was a case of Tiger Head Snake
Tail yesterday with the early gains being erased by the
mid-day and some even become worse off at closing bell.
It will be a good start today again, but somehow I expect
a better closing at the end of the trading day.
There are 4 stocks that particularly caught my eye on the
chart, and they are China Minzhong, Noble. STX OSV and
Yanlord. Watch their price action today.

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