Market View 27 May 2013

Ok, I will dive straight into the question that 
many readers are very interested and eager
to know right now, "Where will the market be
heading today, this week, next month.......?
A very easy answer, "I don't know!"
I am not the stock Almighty and I don't have
a stock market crystal ball that actually works.
But I can give a guide base on the signs and
indicators that I see. 

To me, the recent selling is a correction by 
Mr Market who is reminding us who the real
BOSS is. Clearly, we have to continue to monitor
and analyse what he is trying to tell us. 
It had been a really good run in the market and
frankly, I am also blinded by the greed and fear
monster that I nearly lost track of the real market
action last week. Luckily, I cleared off most of the
contra position in time last Thursday just before the
selling took place in the afternoon. I also alerted the
readers to start taking profits in the various stocks that
I mentioned last week too and I believe that many 
readers should have taken the money out of the table.

Next, we come to the most important questions that
I received in emails, "Do I buy now or Do I sell now?"
You see, that is the issue. In my view, I don't expect
the market to tank right now but I don't totally give it
a all-clear sign to rush in and buy. Frankly, I don't expect
a V-shape rebound today but I am looking at the trading
volume and range if the selling continues. The coast will
only be clear if the sell-down stocks are once again back
to the high of last Thursday's trading price. I need to follow
the trail that Mr Market has for us at the moment and 
I need to follow it but also keeping up for any fallen 
fruits along the way. Look for the stronger stocks among 
the fallen.

In a few weeks time, I will write a review on what had
happened in the 1st half of the year and also give my
expectation and prospect for the 2nd half of 2013.
If you recalled from the beginning of the year, I wrote
that I expect a 虎头蛇尾 trading year. Do I still feel the
same way after the recent selling? We shall see...

Oh ya, regarding the Asia Pay-TV IPO that close today,
I am still going for it despite the market sentiment right now.
You guys decided for yourself whether to subscript for it.
I am not doing a write-up on the IPO.

If you are interested in our local brokerage's stock
call, then go to:
Singapore Stock Reports For You   

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