Market View 22 October 2010

I am a bit late in writing the Market View this morning
so I will just write on the Singapore market situation.

I was right on the buzzer as MIT hit a high of
1.20 as mentioned in the blog yesterday and reversed
to close at 1.16 As usual, it will be very interesting
if it charge out of either side of the 1.15-1.20
range with strength. Some readers asked about
the potential upside of MIT and how high it will go.
Being an IPO, it can be highly priced due to freshness,
hype and quite plainly speculative action on the stock.
There is no way to say how high it will go or maybe
it will tumble back to the IPO price.

GLP and Genting are still within range with Genting's
support level of 2.18 nearly tested yesterday with
the day-low at 2.19
Today is Friday, so the market maybe in a profit-taking
mood, so be alert to any selling wave.

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