Market View 20 August 2013

The BIG news in the Money section of ST is 
that SGX plans to cut lot size to 100 shares.
The move is to bring more retail investors into
the market. I am quite skeptical about this move.
We don't need more retail investors, what we need
are more "educated" retail investors who know 
what and how the market is all about. If not it will
be like a mass massacre when things turned sour 
or even worst. I know of some retailers who swear
that they will never step foot into any stock again
only to start "investing" when the market is soaring.
Guess who is the one standing naked when the 
music stops? I believe such a scenario will keep
playing for a very long time. Frankly, the market
need such "investors" as they will be the one to
pick up the tab, but it is quite pathetic to see them
fall again. If you don't know about the Greater Fool
theory, then do some read-up, if not you may be
the one.

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