Maybe Russia = Home of big bear land.
Russia always very bearish.

First week of September also start of Chinese Ghost Month..



Be prepare! Those who have committed suicide due to Saham will be back to take revenge to steal your shares!

This post has been edited by danmooncake: Aug 20 2009, 09:59 PM

Damn bulls.. Curse 'em.. Curse 'em all!

Already stop loss before the rise. Anyway, the rise wasn't that high. Little volume.

Back in the bunker... getting ready for another assault for
tomorrow: Option Expiration Day.

This gotta be deadly for bulls.

Update:
Strange... looks like the bulls are retreating already.



This post has been edited by danmooncake: Aug 20 2009, 11:50 PM

The indices are showing green but drifting lower from morning high.
I think by end of day, the bulls will scramble and sell off.

Looks like the local big sharks are dominating the market now. Almost half of them.
No wonder they want to attract more foreign investments. The local ikan bilis are
not enough to feed them.

Goldman Sachs computers pumping shares up to trap people.


Anyway..even though some stocks are up (mostly Financial), energy stocks lost ground.
Oil below $72.

S&P500 struggling to break above 1010.

Frankly, I don't mind it rallies up now. At least if it goes up, I can short from the top.
Tonight is like do nothing day.

---

Added on August 21, 2009, 1:42 amThat copy-and-paste text is from a bear trader trying to pump people to buy his Gold fund.

Anyway, I am interested in precious metals. Waiting for more pullback for Gold and Silver.
Silver is definitely very attractive if below US$13/oz.



This post has been edited by danmooncake: Aug 21 2009, 01:44 AM

Who me?? Bear??? Na....

Do I look like a bear??

Waiting for the Bull to finish his show..

Ha! No problem! The bear is patience.

Actually, looking at tonight action, even though Dow/S&P green.
Oil is down!

I got a few points there in my energy stock shorts!
Would have got more if it is not for financials.

I won't chase if I'm you.. what goes up, must come down.

If you notice for the last 10 days of trading sessions, we've been going up and down through the
same price channel. Since the last run up, there hasn't been really a true break out yet.

Therefore, I've been looking at those peak, short it.. and on the bottom buy some to ride up a bit
and sell and short again.

But, it may not apply to your counter. Look at the chart and compare it with the general indices chart
and see if you notice those patterns.

Good luck!

This post has been edited by danmooncake: Aug 21 2009, 04:02 AM

NYSE@ still thursday evening, after hours, there are some wierd stuff going on because of option-exp Friday.

All techs and fundi doesn't make sense here. Some big money will definitely try to
push stocks down because they don't want to sell those calls if they trade at much higher price.
Call buyers definitely profit big time because of the run up since last month.

This post has been edited by danmooncake: Aug 21 2009, 09:07 AM

Why angry?
At least got 10sens profit, right?

shoe-'hole' that's funny!

Curious, why people wants buy MSPORTS in the first place
since no record of previous performance.

IPO automatically become hot item meh?

Sure one way fast to lose money.

The local Sharks baited those who are unaware..

Bear case theory seems to work well for those name Chinese company seeking "IPO" status.
Maybe Bursa should allow shorting those.. like this people make more money instead of losing money.

Awesome! That's what I wanted to hear!

Yes, Calls and Puts Options. It is a pity Bursa investment vehicles so archaic.
Probably why they have trouble attracting foreign investors.

Holy molly!! Another up day..