Hehe maybe. Thats actually my worse case scenario, even tho i have a lot of stocks now. I;ll lose a lot of money on my derivatives, but then again I'll make back on my shares.

Right now, from the news i read, its no good. Really no good. Spider senses tingling.

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Anyhow everyone, Adam just informed me that he had done some fancy complex calculation (don't ask me, I'm a simple person) and the very downside risk is 70%, which upside risk is 30%.

So still got hope for everyone, whether you have all shares, or no shares. . If you want to know the probability of up and low, you may stay up at night with me and read US news, look at DJIA, look at USD/Yen, etc and talk crap to keep each other up all night long.

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Added on May 28, 2009, 7:55 pm
Hmmmmm. You are not contra-ing right? Can average down lo tomorrow if you still have funds left. But wait a while first, don't sailang straight in the morning.

Lets see US news of the day

GOOD

1. Home sales up 0.3%. Home resales rose by 2.9% to a 4.68 million annual rate from 4.55 million in March. But will this be enough to stave off fears? Look at bad no.1.

2. Initial jobless claims fell by 13,000 to 623,000 in the week ended May 23, lower than forecast, from a revised 636,000 the prior week, according to Labor Department figures released today in Washington. But don't celebrate yet. Read bad no.2.

3. GM finally agreed to turn sell assets 72.5% to treasury, 17.5% to a union health trust and 15% to bondholders aka creditors. This make it smoother. GM turning debt into equity for creditors and bondholders. It's a great plan, creditors who may not see their money back may take up offer on getting equity on the new GM. 15% have already agreed, 20% more who had agreed to support gov's treasury plans have not yet been included. Total 35%. Will they meet deadline for June 1 to get the required 90% approval by bondholders to execute this plan? It might not be a problem as the bondholders really have no choice, this is best way to see their moneys worth come back.   BUT regardless of all this, bankruptcy is still expected to continue.

4. Good news is increase in market appetite both in US and UK, most investors see bottom is near even if the experts do now. See bloomberg for details. But as far as risk appetites go, this can come and go.

BAD

1. Mortgage Delinquencies, Foreclosures, Rates Increase
Eventhough home sales is up (good no.1), you got to understand the context of houses going dirt cheap. The median price slumped 15 percent from a year earlier, the second-biggest drop on record, and distressed properties accounted for 45 percent of all sales.

More bank auctions, sure more home bought by bargain hunters. Defaults in NPL/morgage can give a much clearer picture what is happening. One in every eight Americans is now late on a payment or already in foreclosure as mounting job losses cause more homeowners to fall behind on loans, the MBA said. Morgage rate went up to 4.91%. Survey shows, Home sales may reach a bottom by mid-year, according to 72 percent of the panelists, and more than six in 10 predicted housing starts will hit a trough by that time. This means home prices have further to fall, with 40 percent of the respondents forecasting that declines will continue into 2010 or later.

2. Following improvement in jobless claims. The figures have yet to include GM's disenfranchised dealers most likely retrenchment results. Also KeyCorp, the second-largest bank based in Ohio, will cut more than 300 positions this quarter, amid others. Economists surveyed by Bloomberg this month projected the jobless rate, currently at a 25-year high of 8.9 percent, will climb to 9.6 percent by the end of 2009. This month’s jobs report is due June 5. Also, don't forget there's also salary cuts and people cutting down on spending. This will still maintain a negative effect on consumer index. Less consumers, less business for retailers, then manufacturers, then... It's a never ending cycle...
You can find all the above from bloomberg. So please dont ask me to give you link. Too much time spent summarizing already, if wanna check just go check latest news there. I'm gonna check cnn, cnbc and bbc next.

very hot tips for you all

PBBANKCH and PMINDWA

reason because I just sold off all, from track record whenever I sell any counter the price sure go up    

When I buy any counter the price sure come down

Don't you guys think the last final ci drop was amazing? All counters turn to sell at the same time! I'm impressed. Same as I was impressed when bottoming, all counters turn green at same time.

Very wonderful orchestration. So organized. So efficient.

Hahah, that's because S.Korea got a lot of plastic surgery clinics ma. Trust me.