Interestingly, somebody here reported that a friend his bought AIG for $1 or something and after reverse split, AIG immediately tanked to $10 because of massive shorting. His pal didn't know about the split thought AIG went from $1 to $10 (thinking it was ten fold increase) and immediately sold off thousands of shares resulted in massive losses.

AIG now is back to equivalent pre-split price (after the short covering).

Most of the financials all have sky-rocketed. Those who bought some before the massive run up got huge gain, this includes C (Citigroup) which has gained over 60% in less than 3 weeks.

This post has been edited by danmooncake: Aug 14 2009, 12:16 PM

Would you like to paint them green?


Actually, Red is good .. to the Chinese is like 'Ang Pow'..


This post has been edited by danmooncake: Aug 14 2009, 12:19 PM

Say What???

What??? If you've forgot to buy yesterday, that means you're saved!

A bit of pullback is good... right now.. just some sniper attack by red army.
Not yet full force assault.

But, I am happy to see SSE are currently being attacked by Red Army.
Just a few more days like this for full capitulation to bring them to their senses.

Quite right..therefore the current rally IMO is not a bull market but merely a bear rally.
We may still see couple of drops perhaps between 5%-25%-50% before we have true recovery.

The "less bad" and "less than stellar" earnings are all nothing but farce.
The way the market moves up so quickly recently leads me to believe it may fall back sharply.
Time to take some profits off the table before the big fall.

---

Added on August 14, 2009, 12:49 pmNope.. 50% cash. But, I got some puts protection in place in case of the big fall.

This post has been edited by danmooncake: Aug 14 2009, 01:06 PM

Quite right.

The world financial market will crash big time in 2012. The first country who leads the big down fall is none other than USA.
60-80% of their homes will under water, crushed under massive debt and not only that, I believe the USD will tank big time due
to printing by US govt. Other currencies will follow as well. We may have to barter using precious metals like silver and gold. Yes, I am serious.

This post has been edited by danmooncake: Aug 14 2009, 01:10 PM

Whoa... typical Friday pullback at NYSE.
All red.. nice!

WOO HOO!!

Let hope Red Army continues to raid and kill.. till end of the day.

Come next week, it is going to be UGLY for Bulls but great for Bears!!

-130..

No.. that's not big enough yet.

Shorted some before the bell before it drops... timing to cover later.

Gen bear gathering strength. If we can keep 3 digits loss.. towards closing, there will
be a real pressure come next week.

I love it when market begin to turns south, the media also spins bad stories.

Somehow, the MM are probably behind this.

DJ losing steam fast.. energy stocks got hit.

As I've stated, it doesn't make sense when the fundalmentals are weak,
Wall Street continues to rally. Oil kept going up when there is little demand.

Now, that they got the consumer confidence report.. Doh? Pullback happens.

Recovery? Yeah right. Where?
Where are the buyers? Who got money to spend? Every consumers are pulling back and not spending as much.

Those "less bad" earnings are nothing but farce. Year to year comparison they're down big time.
Their guidance are so low.. even the pirated VCD sellers in Malaysia can beat them.

As long profit is profit, little or more it is ok.

Sometimes slow and steady also good. The market will always be here.
As they say, the turtle beats hare in endurance race.

There are always winners and losers.

Have you heard of people losing 200K~500K ? I have.
Losers usually won't tell you. But if they do, you can learn more from losers than winners.

Opps... lunch time at Wall Street... market is slowing climbing back up.

Darn.. I better cover some now to pull some profits here.

Damn bulls sitting at sidelines ready to buy on dips.

Sold! Another scalp! Swoosh... a quick $1.2K for tonight action.

Yeah... these PPT groups are causing unnatural events in the market.
They just won't let go.

No, the conspiracy theory is Bilderberg is in bed with the govt. Infact, they control the world govt.


Look at the dow, they gave back 30 points. Oh well.. Obama's PPT is in action again. Goldman Sachs computers automatically kick in the BUY signal when the market hits the low point.

This post has been edited by danmooncake: Aug 15 2009, 01:24 AM