Back in TNA @ 38.40

Can't resist the cheap money the US govt is giving out.

today's market is funny, up down up down. side way. No clear indication for me to trade. Been 7 trading days with no trade. Its a record for me.

LVS and MGM not in the ZONE to either LONG or SHORT.

just trade within the range, and there are chances to earn money..



unreliased gain of USD 7.

plus no cash - to hold just in-case market turned ugly.

MGM 9.67.. good eh? reach 10, I will short

yupe, unrealised gain of USD 9.50.

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Added on November 7, 2009, 1:19 amI play small small only..

earn peanuts..



This post has been edited by epalbee3: Nov 7 2009, 01:19 AM

so no more news alredi rite? still got few hours of bull bear fighting
but looks like bull winning they need our help to spent & buy, since int rate near zero
awaiting market closing confirmation & gonna sieve thru the data wreckage over the weekend

Day trade sold out 55 MGM at 9.80.

Gain USD 15.50

earn peanut again today...

so happy..

for margin account, I am allowed to day trade up to 4 times in 5 days..

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Added on November 7, 2009, 1:40 am

Next Monday market will be hard to predict..

Since today the market is mixed.

But MGM has been pushed too high, wait it drops back to 9.30 then worth to enter again.

C is still static.. no direction yet..

LVS is having correction now, I did not keep an eye on it, so don't know the suitable range, but I think it should raise a bit on Monday..

URE might be worth to buy, but since I don't know the share, better observe first..

This post has been edited by epalbee3: Nov 7 2009, 01:40 AM

FOR URE > just pay attention to one of the biggest REIT company listed : SPG.

For UYG - JPM, GS, BAC, C are core underlying companies

Damn... we bounced off S&P 1070 3 times already.. still cannot break thru.
I don't like this.. market may sell off by closing.

This post has been edited by danmooncake: Nov 7 2009, 02:17 AM

GE got upgraded to Overweight.

GE got fatter!

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Added on November 7, 2009, 4:44 am

Out TNA @ 39.50, small profit only.
Cash during the weekend.

Will play again next week.

Update 5:35am

What a pleasant surprise at closing:
Dow 10023.42 +17.46 +0.17%
Nasdaq 1069.30 +2.67 +0.25%
S&P 500 1069.30 +2.67 +0.25%

I was expecting we tank but US Fed policy of ZERO % interest still wins over bad unemployment data of 10.2%.
Imagine what would happen if US Fed decides to raise interest rate like Australia. Good thing they didn't.

This post has been edited by danmooncake: Nov 7 2009, 05:38 AM

well, i wish they increase, so i would not need to close my f-ing short position
oh well, sooner or later, they gonna do it, to curb inflation
the lesson for the week: if got balls, enter a position - no balls, stay out
for now, we can continue the taugeh case study for going long, but who knows? market may suddenly gostan

caveat emptor - waiting for doji











caveat emptor - swing trade











caveat emptor - new high











This post has been edited by sulifeisgreat: Nov 7 2009, 09:59 AM

wei taugehs, dun la jus take & take, mus contribute & do ur part in tis thread, as u all wanna learn rite??
no such thing as free lunch
who can assist to look at chart or FA or etc & giv feedback for us how to play gold stock

[attachmentid=1287048]

[attachmentid=1287049]


[/quote]

assuming u were running thru individual gold stock in sector, u will (caveat emptor)

see - swing trade





see - any chance they can breakout? if yes, y? - if no? y not? soon wil hav answer

see - new high (which u choose to long? if u read livermore, can hav some idea on theory & practice )
if u had done ur r&d, then we can make a comparison & let the market decide

















otherwise spectators... at below is C for ur fun reading



This post has been edited by sulifeisgreat: Nov 7 2009, 11:19 AM

Hi all, still concerning my LVS... Any thought for next 3 - 6 months trend? And target price?

This post has been edited by cloud9_lee: Nov 9 2009, 08:34 PM

Here's my contribution to the group. Citi's research.

key notes: MGM

Sell/Speculative 3S
Price (05 Nov 09) US$9.74
Target price US$7.85

Attached File(s)
 USA_Investment_Daily_061109_citi.pdf ( 280.28k ) Number of downloads: 2

based on my observation, it will drop today, but sure not to 7.85.

It might stop at about 9.2-9.4.

buy at dip only.

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Added on November 9, 2009, 9:16 pmmarket will open low today..

This post has been edited by epalbee3: Nov 9 2009, 09:16 PM

buffet lovers, for ur pleasure reading lvs, mgm & wms (all same sector)
any recommendation which to choose? buy, hold or dump

In 300 TNA 39.55, SL 39 we're going to get a pop tonight.

Reason: USD getting hit, stocks and commodities going higher.

just now the future is still down, how come now up already?

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Added on November 9, 2009, 9:59 pmMGM is already too high..

Dangerous..

This post has been edited by epalbee3: Nov 9 2009, 09:59 PM