2010 - TRADING CAUTION

Trade carefully in 2010 as China, Hong Kong, Singapore, UK and USA stock markets are in down trend mode. This year stock market is expected to be a roller coaster and not recommended for medium to long position holdings. In my earlier post, I have mentioned to accumulate some good stocks but events had changed ie USA stock gap down on last thursday had formed a lower high already. Imagine counters like Kep Corp with high cash holdings, coming CD and recent US$1 billion project can still drop in prices. Same for DBS bank that reported some $495 million profit also drop in share prices last friday. Of course there will be rebound along the way and even some CNY rally next week starting from tuesday or wed and may last till 17th Feb. For those who still believe in keeping long positions, do check with your broker again. Some stocks to play for short term will be bank stocks, others will be golden agri, straits asia, yanlord, ( all on technical rebound ) genting( highly speculative play ). Be prepare to cut loss if prices when against you.

TRADING is GAMBLING WHEN Trader SELLS, WHO BUYS? INVESTOR? WHEN Trader BUYS, WHO SELLS? INVESTOR? If NOT, WHY does one Trader SELLS WHEN the other Trader BUYS? WHY does one Trader BUYS WHEN the other Trader SELLS? DON\'T the TRADERS have the SAME TRAINING, SAME SKILLS, SAME CULTURE, SAME VIEWS, SAME VALUE, SAME METHODOLOGY, SAME DECISIONS? :silly: :huh: :ohmy: :laugh: :lol: :woohoo:

:woohoo: I post - you decide. :evil:

Those who short Genting today. Good news. WIll go down to 1.07 and take profit first. OR wait until tomorrow for further downside maybe to 1.00