Market View 24 April 2012

The main headline in today's The Straits Times
shouts "Inflation hits 5.2% in March". In layman
term, it means that your money became "smaller"
by 5.2% I believe it will get much worse before
it get better. So what can you do to counter the
inflation? I am a firm believer of the stock market,
and with the miserable interest rate from the bank,
most of my asset is in the market and I will continue
to do so. The dividend yield and capital appreciation
of selected stocks are much higher than the inflation
figure and I see no point with the money in the bank.

It was a massive pool of red in the market yesterday
and with the US suffering another sell-down, how will
our market react? We already pre-drop yesterday so
I believe it will be a tight range-bound trading today.
Stocks will take a breather while looking for a clearer
path ahead. If you notice, the Top Volume is dominated
by those micro-pennies nowadays and we can only
see Noble in the 24th place and Genting was nowhere
near with very little volume. I will see how the market
react today after the monday-blue  yesterday.

By the way, Global Premium Hotel Limited IPO will
close at noon today, so if you are interested to
subscribe, better do it soon. My recommendation
was published yesterday in the IPO blogs.

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