Market View 25 October 2012

It is quite interesting to read today that Dynasty Reit
had withdrew its IPO which was supposed to debut
next week citing worsening market condition. Frankly,
is the market really that bad right now? My speculation
is the IPO was under-subscribed both in the placement
and public tranche, and the underwriters can't find any
"white knight" at such short notice. Anyway, just remember
that the next time such a "Singapore First Yuan Reit" comes
around, the market condition will be very rosy and it
should be the time to take money off the table. If those
underwriters and IPO company can be so choosy, then
as an investor, we need to be smart and vigilant to
counter-act such a measure. I believe that the selfish act
by Dynasty Reit is going to damp the performance of
another IPO, Gaylin's debut today. Looking at the pre-opening
figure, it is going to be a much subdued opening for
Gaylin and certainly not with a bang.

Since today is the last trading day of the week due to
a public holiday tomorrow, I believe a rather quieter market
and maybe even a boring one. Never mind, take an early
break and enjoy a long weekend holiday.


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 

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