Market View 9 November 2012

Stocks in US suffered another selling in overnight
trade with Dow fell by about 0.9% while Nasdaq and

S&P 500 dropped 1.4% and 1.2% respectively.
Our STI gave up about 1% yesterday with most stocks
in the red and the blue chip were significantly sold down.

One reader asked me yesterday whether a CRASH is
coming? Ok, this is my own opinion and only purely what
I believe it to be. A Crash will come when the majority
never expected it. It will come when the whole market is
in a euphoria mood or put it in a simple term, the whole
market is mad, thinking that the market will go up forever
and in a unsustainable straight line. Market participants
are thinking where to celebrate with their profits and
thinking about buying the latest Merc or BMW, then, yes,
we can start to worry. Right now, the situation is that, it seems
that everyone is saying Money Not Enough but we can
still see that the restaurants are packed with customers and
long queue forming outside waiting to go in. When there is a
latest phone out from Apple and Samsung, and even the
latest computer games out, we also can see queues all around.
I believe that we won't see a market crash in the foreseeable
near term, as I simply can't see such a event happening.
I maybe wrong and correct me if I am wrong, but when your
friendly fishmonger or Mixed Rice stall helpers tell you which
stock will rise the next day, please inform me immediately.

Noble announced its Q3 result yesterday and although it
fell short of some analysts' expectation, it is still an admirable
result in my view. But the market seems to think otherwise
as I can see the pre-opening quote that it is going to open
lower and weak. Never mind, I will take time to monitor it.

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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