Market View 3 July 2013

Firstly, I am sure that the readers should noticed
that many stocks started Q3 with a bang and 
surged high for the last 2 days. But did you also
notice that many stocks also closed way below 
the day-high yesterday? The obvious near-term
resistance had been set and as and when the
stock tested and break the resistance with healthy
volume, I believe it is a sign of strength and better
things to come. If you don't have access to technical
charts, you can get it for free at Chartnexus or some
brokerage house also provided the charts for their
client as part of the package.

Ok, we come to Vard. If the readers did follow the 
SGX announcement as what I regularly told the
readers to do so, you will know what happened
to the stock. It issued a profit guidance that it
will missed its Q2 expectation due to some issues
in its Brazil operations. Take note that the company
did not say it will report a loss, just a drop of profits,
and it is still profitable in its other operations. In my
view, and as usual, this is always the case repeated
time and time again, market tends to over-react.
Please be aware that I am a shareholder of the stock
and after minus-off its recent generous dividends,
my cost price is very low. If you want to know whether
I will buy at its current price, then the answer is a 
confident "Yes". I view it as a distress price when it
is not in such situation.  
For readers that are in the stock too, you have to ask
yourself how confidence are you with the stock.
I believe that it is just a slight issues and it will continue
to deliver in the times to come. 

For readers that are in the Mentor Group, I have done
some write-up and you should know where to get it.

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