Market View 21 November 2012

Although I can say that nobody with a sound 
mind will want to be sick at all times, but sometimes
when you are sick, you can just treat it as a
deserved break 小病是福! I suddenly felt sick 
over the weekend and as usual the doctor's 
diagnostic is always Virus infection from don't know
where. I became much better after taking the
medication and can even watch the show "Ah Boy
to Man" on Monday night. Being a half-cup-full
person, I just treat the MC to be a 2 days rest and
relax session away from the computer screen. I will
talk about my view on the movie tomorrow. For those
having served NS and Reservist training, I believe you
may feel the same way as me.

Ok, back to the stock market.
I believe that if you are looking at the stock market
yesterday, you can't miss noticing the fall from grace
of Olam due to a research report from Muddy Waters.
What an apt name of the one-man research firm as the
owner Carson Block launched an attack on Olam's accounting
practices and doubts on its financial result. I believe that
he will benefit a lot from his short positions on the company
stock but is this the end of Olam. From what I can see,
we can also catch the counter now in the muddy water.
I believe that it is a god-send opportunity that the stock
has been battered down hard for the risk-taking investor
to acquire a stake of the company. How low will the stock
plunge to given that from the pre-opening quote that it will
open about 1.57? Seriously, I don't know how low it will
goes to but with an investment horizon of say 6 months from now,
the current price is very attractive. I really don't believe that
it is as bad as what Mr Carson perceive. It should be down to
his shorting positions when he made the statement.
Ok, for the technical trader, you should be aware that now is
not the time to catch rebound play as there isn't any sign
of it right now.  But do look out for intra-day rebound signals
if any.

I received some feedback from some readers that I am
too overly confident and optimistic about the current
economic situation and they don't feel the same as me.
That is perfectly OK that you don't share the same view
as me. You are entitled to your personal view and I am
entitled to mine. The only difference is that I am willing
to put it in writing and words in this blog. I maybe wrong
but until proven otherwise, I believe in what I believe in
and voice out my own views. To me, in order for the economy
to perform, the stock market must perform and run ahead
before we start to see any significant signs in the economy.
If you have read the same books as me and make the
same observation, then I believe that we are on the right
track this time.  

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