Market View 16 August 2010

Wall Street dropped further as " Stocks closed out
their worst week in six with a whimper on Friday,
slumping toward the close as economic data gave
little reason to reverse a string of sell-offs."
For the week, the Dow fell 3.3 percent, while the
S&P slid 3.8 percent and the Nasdaq lost 5 percent.
Dow dropped 17 points, S&P 500 down 4 points
and Nasdaq slide 17 points.

The main star of attraction in last Friday was
undoubtedly Genting. Gapping up on opening,
surge to $1.45 high in early trading before taking
a break and resuming the surge to close at day-high
$1.46 What an "incredible" run! I managed to grab
hold a few cents of this monster stock and further
upside will be seen till next resistance 1.50 and supported
at 1.39

I continue to like and trade PEC and Sound Global, and
frankly, just by trading the above-mentioned 3 stocks is
enough to make profits and the efforts are all worthwhile.
I shall provide further views as the week progresses.

Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-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