Market View 3 June 2011

I wasn't available to give a market view yesterday
due to some commitments that I have to fulfill.
Anyway, if you were expecting a massive selldown
in our local market after the biggest one-day fall in
the US this year, then I believe you were quite disappointed
with the market yesterday. STI performed pretty
"impressive" among the regional markets, only falling
12 points or 0.39% while Japan and Hong Kong
were down more than 1.5%.

Genting fell to the $1.97 support level and rebounded
to close at 2.01 As what was mentioned before, it is
now trading in the 1.97-2.04 region for the time being,
and a break of either side will determine the sentiment
and momentum for the following trading sessions.

There are a couple of stocks that I am watching closely
with excitement because I will be able to collect them
once again with reasonable justified lower price, in my view.
PEC will be a good collection below $1 as I know that
it will be up again above the level when the market condition
turns more favourable. I also like Sinograndness for its
fundamental reason and I did win quite a sum from this counter
on numerous times both on contra and investment.
Frankly, to me, many stocks have fall to attractive price region
and I believe that the market will still provide decent and "indecent"
returns on selective stocks which I had mentioned.


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 

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