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Tuesday, February 5, 2013

Market View 5 February 2013

Wall Street registered a worst trading day for
the year of 2013 in overnight trade. Dow dropped
130 points, while the Nasdaq and S&P 500 also
posted losses. If you want to know the news-worthy
reason, then it is due to the political issues in Spain.
On the other hand, if you want to know the other
side of the coin, then it is purely profit-taking by
the investors and traders after recent strong gains.

Looking at the pre-opening figures, it is going to be
a much subdued opening. It will be interesting to see
whether there are further profit-taking selling in 
the market. My advice will be to watch the show 
from the sideline.

By the way, if you are interested to get the Overseas
Education Limited IPO, you have another 3 hours 
to do so. My personal view is in the IPO Blog

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
 

人笑我太疯颠,我笑别人看不穿   
 

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Please be aware that I am not a Certified or Qualified Financial Adviser, the views and recommendation on this blog is purely my own.

Please seek investment/trading advices from your Financial Professionals, Dealers, Remisiers before making any investing/trading decisions.

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