Market View 24 June 2011

 If you are unaware, Dow reversed from heavy losses
of more than 200 points to close down 60 points, but I
don't think it is going to bring huge cheers to our market
today. With all the supposedly weak sentiment clouding
the market, it is going to be a long and tiring Friday.
But heh, it is TGIF!

STX OSV finally show its prowess yesterday in surging
a good run and closed at the day-high of 1.27
If you have been reading the blog for a while, you
should have noticed that I am very bullish on this stock
both on fundamental and technical ground. In fact, when
the price is hovering around the 1.18-1.20 region, I
wrote in blog that I expect to make a 50% profits from
the stock and till today, I maintain this view. Look like
I am sticking my head out this time again, but barring
any unforeseen circumstances like accounting fraud
or a star dropping from the sky, I believe this is the stock
to watch for a long time. The next meaningful resistance
will be around the 1.32 region and the historical high
of 1.36 is just a stone-throw away.

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