Market View 27 August 2013

The main attraction in the stock market yesterday
must be the drastic fall of China Minzhong price
and of course the trading halt that followed.
It all started with a research report from Claucus
Research Group, an US short-seller, accusing 
CMZ of falsifying sales and other figures.
It is like Muddy Waters VS Olam part 2 on show.
I believe CMZ will come out and fiercely contest
the report with fact and presentation, and it really
need to do so asap to gain back the confidence.
CMZ was my strong recommendation a couple 
of years ago and the stock surged more than 100%
for the readers who went in with me. I still have it
in my holdings and I believe that many readers had
no chance of selling the stock away yesterday with
the chaotic scene. We can only wait for the trading halt
to be lifted and proceed with our counter-action.
In my opinion, I believe that Claucus and its short-seller
gang are just trying to gain from the CMZ's drop and
there is really not much truth in its research report.
For now, we have to wait.....

Next, if you guys also notice, many stocks with China 
and Sino in them are also taking a hit. It is like a hit-all
S-Chip situation now. I saw Sinograndness, another of
my multiple-bagger weaker yesterday together with others
I believe this is a good time to grab those quality S-Chip
as some of them are with quality.

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 connect to me at my
email address: stocklobang@yahoo.com You can also join my Group Chat too.
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