Market View 30 April 2013

If you read the main page of ST today, there 
is a report which a director of the IMF said that
Singapore has a "exuberant stock market" right
now and "rapid growth of debt as a percentage
of the overall economy". Well, Yes, we are in
such a circumstance right now, but if you were
to ask your broker or remisier how's business?
Most of them will tell you that it is very quiet
from the retail investor side. It is only a very small
handful of investors and traders in the market
"playing" with the shares at the moment. The
remisiers themselves and the BBs are just playing
rotational interests in the selected stocks, namely
those micro penny stocks that appear in the Top 
Volume regularly and those "in-the-news" stocks.
With that, I don't believe we will see a major crash
in the market in the short run, but if you overheard
the-man-on-the-street starts to discuss very loudly
over some stocks or the market condition, then it
maybe a good time to do some realistic expectation
on the market.

Next, a few readers asked me about the H7N9 bird
flu and whether it will affect our market. Well, I believe
that the readers should know that Taiwan just had the
first case last week. In this Global Village era, I believe
it is not a issue of whether the virus will reach our
homeland but when will it touch ground here. We are
not invulnerable to the Virus and when we really report
the first case, it is going to be messy, chaotic and drastic.
Will the stock market be affected? Definitely, but it is also
the best time to grab the bargains. If you anyhow just 
buy quality stocks during the SARS period, you will make
a fortune just couple of months later when the market rebounded.
We will just see when the virus will reach our shore....

Lastly, I want to talk about Vard, formerly known as STX OSV.
It is having a free-fall in the stock price lately and it even fell
much below the general offer price of 1.22 by the new Italian
boss. Many readers are in this stock and indeed it was the
superstar before it was acquired by the Italian. Since then,
the stock price has been falling. My advice is that if you no
longer see any future with the company's fundamental and
potential, then you may have to cut loss and get out of the stock.
Frankly, I don't see any drastic fundamental shift in the company.
In fact, I believe that the company will grow even better and 
further with the new management and backing. This is my 
personal view on the stock right now. Opinions can differ.

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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