Market View 29 April 2013

Ok, some readers asked me about Rowsley 
which surged to a high and closed at 40.5cts
last Friday. It is already an open secret when 
I stated in the blog that I buy into the propsects
and potential of the company when I started
to collect and get into the stock around the 37cts
level. Some readers did buy around the same 
price level too and they are sitting on a good
paper profit or materialised one if they have 
sold the stock already. I am still holding the stock
as I got in near the recent low this time and frankly
I believe that the stocks can still move up further.
But if you get in at the current price, do take note 
that your risk is definitely higher than me. Only 
go into a stock as an investment if you can see
the future development and potential of the company.
In fact, Joseph left a comment on the blog last
Friday. He skyped with me and bought into the 
stock. This is what he says, "Hello SL,on 19 Apr 2013
you mentioned in your market view that you started 
picking up Rowsley at the 0.37 cts level. Well, I did the 
same and started buying (like you say bit by bit) from 
0.375 right to 0.360. Well, I just sold 70pct of my holding
on Rowsley for a gain of $1886 at 0.400 when I skyped 
you this morning that I intend to sell part at this level.Yes, 
it came true, thanks to you once again. Cheers"
I am not 100% sure but I believe he will hit the 5-digit mark
of profits very soon with all the profits. Joseph, correct
me if I am wrong.

Next, we will only have 4 trading day this week as we
celebrate Labour Day on the mid-week and it also mark
the beginning of the dreaded May, or is it really the case.
In today's Straits Times, there is an article on the "Sell
in May and go away" behaviour and it commented that
this May may (pun unintended) not be that bearish or
quiet as previous years.You can do your read-up if you
are interested.  

Oh ya, remember the stock Gaylin that I mentioned
for a few days last week. It "suddenly" spur up in action
last Friday with increasing volume coming in. I will 
continue to monitor it on the chart.

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