Sunday, April 11, 2010

Stock market outlook for next week

For SGX, look like there will be more rotation plays for penny stocks since those index stocks had broken new highs. So they are consolidating the gains at the moment.
Yes...the market is looking "a bit toppish". May not to good idea to buy and hold now in such situation.
My pick for the coming week would be Ecowise, SoundGlobal and Midas.

For HK market, look like it has more legs to go higher. The theme is still to ride this out with the index stocks at the moment until the 23,100 level then to tone down the holding for a consolidation period.
My pick...here would be Lenovo HK:0992, Zhejiang Exp HK:0576 and Neo-Neon HK:1868.

Reminder - very important to ensure the "stop-loss" is in place always after buying in.
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4 comments:

wINtoTo N aLSo 4D...yEAh! said...

Will size-down my holding of SMIC to maybe manageable level but will do more short trades if there are opportunities.

Another idea...is to stand-by to do some "shorting"

6:42 AM
wINtoTo N aLSo 4D...yEAh! said...

never a good idea to put all eggs in one basket esp at present moment.

any piece of "bad news" and the market will sink like a stone!

6:43 AM
wINtoTo N aLSo 4D...yEAh! said...

one good thing...had a wet dream this afternoon.

really just like the real thing hehe....shit! then woke-up in the middle of it haha!

wtf!

7:02 AM
wINtoTo N aLSo 4D...yEAh! said...

didn't do as plan regarding SMIC after it went down then up...then down again.

just too fast...WTF!

7:49 AM

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tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.