Market View 4 January 2013

I am in a rush this morning to be out to
settle some issues and getting some loose
end done with. 

To keep the story short, I have 2 very interesting
incidents yesterday and I like to share with the
readers. First, I took a cab to my destination and
guess what, the cab driver was telling me about
the stocks he bought and showing off the "paper"
profits that he had. I asked him what stock he bought
and how he monitor the stocks. He replied that some
"unknown" names and said that his broker will
call him to tell him when to sell. I was pretty shocked
to hear all these and I advised him to keep a close
look-up himself but given that he is on the road most
of the time, I guess he can't really do so.

Few hours later, while having my dinner, I can't help
but "overheard" the loud conversation on the phone
from an auntie at a side table. She was saying something
like this, "My friend made 40k on MDR...she tell me to
just buy, so I also bought some this morning...doing ok
lah..got go up a bit...see can make the 40k also then
I will sell..." 
I don't know about your reaction but it doesn't sound that
alright to me. and guess what will be my action!

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