Market View 10 April 2012

It was a pool of reds in my watchlist and
it is quite a rare scene as most of the time,
there will be some hero who will buck the
trend and close in the green or neutral.
Anyway, for those wanting to pick a bargain,
it will be better to watch the market for the
next few days before plunging in. I expect
to see further weakening this couple of days.

One Skype readers told me yesterday that
he shorted Cordlife when it broke the important
68.5cts support level and covered back at
around 64cts. This is exactly as what I mentioned
in the IPO blog. Quite a good returns even when'
the rest are all in bloody state.
"Once the stock fall below the low of 68.5cts
created on Wednesday, it will have ferocious selling
to the 63-64cts region."

Bumitama IPO will close on today 12 pm and there
is another Civmec Limited closing tomorrow 12 pm.
I will look through the prospectus and give my view
in the IPO blog.

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