China banks are pulling back and their market is going to implode actually. SSI is like a 3x ETF.

I think we are going to cycle down this time around. A lot more negative news in the market now than anticipated.
Let see if we can pull back to 10500 or S&P 1025 and if so, just buy some at that level.

---

Added on January 13, 2010, 11:48 pmAs for GOOG, It is a no win situation for them, therefore, they have to abandon the plan for now.

Their core ideals back at home office in conflict with their business plan in China.
If they need to succeed, they must play the Chinese chess, and align themselves with dictatorial China
perhaps under a different company name altogether. They have play with the evil dictator because
the freedom of expression and thoughts does not exist in China.

Same goes for any other companies that wish to play in China. For example: YHOO, they've been there and they knew it, and they regretted what they did but can't help it. China forced their hands. Can't escape the facist capitalist govt for now.

One has to be evil and control all information to play in China.

Closing update:
Dow 10680.77 +53.51 +0.50%
Nasdaq 2307.90 +25.59 +1.12%
S&P 500 1145.68 +9.46 +0.83%


Whoa! This market isn't giving the bears any chance of a decent pullback yet.

This post has been edited by danmooncake: Jan 14 2010, 06:11 AM

Buy high, becomes bag holder.

Anyway, it will start to pullback soon for people to jump it.
We got worse than expected retail data, worse than expected initial claims.. Oil going lower with better weather and higher inventory.
This gotta to pullback. Investors at this level will want to take some off for profits.

This market isn't pulling back to allow C to dip, infact it is going higher.
Gotta be patient there.

Just continue to ride up on your long stocks for now.

Closing Update
Dow 10610.55 +29.78 +0.28%
Nasdaq 2316.74 +8.84 +0.38%
S&P 500 1148.46 +2.78 +0.24%

All time high again... No pullback.. just too much dip buyers. Early morning gap were quickly filled.

With INTC exploding earnings, it may rally even higher tomorrow.

This post has been edited by danmooncake: Jan 15 2010, 05:39 AM

Gosh..I wasn't even aware I teleported into future. LOL!
Damn. I could have shorted big time.


Anyway, I think we got a gift today if some of you wanted to get in during the pullback.
Look at the banks: JPM, C, BAC, WFC all are pulling back.


I guess I'm right on the ball on Energy. I would like to see Oil drops to 75 and then I'll go back into ERX.
We may need two more or days like this. Hopefully, ERX can re-test 40 or low 38 (maybe next week).

Closing update (5:20am)
Dow 10609.65 -100.90 -0.94%
Nasdaq 2287.99 -28.75 -1.24%
S&P 500 1136.03 -12.43 -1.08%

Ahh nice.. a 3 digit pullback. Oh well. that's a start.

Hopefully, we 'll get more next Tuesday evening when the market resumes. Monday evening I'm off too.
My call center celebrating US MLK holiday as well..

This post has been edited by danmooncake: Jan 16 2010, 05:26 AM

Some of us been calling for C to pullback for over 2 weeks now so that they can get in low $3.
Now, I think we got it.

I'm playing the following and nipping XPP.

ERX - ready to buy some when Oil near $75/$76
FUQI - nothing for now, will watch Gold price.
TCK - holding a HUGE load, I need to lighten up when we get to 41.
TNA - holding small batch around $45.

XPP - bought a small batch last week, was hoping for more. Use FXI as gauge.
China is coming back - their govt won't fail their economy - they just want to cool it down.

Closing update:
Dow 10725.43 +115.78 +1.09%
Nasdaq 2320.40 +32.41 1.42%
S&P 500 1150.23 +14.20 +1.25%


For those who have been watching and praying for C to pullback so that you can get in,
you got it today at 3.30. If you missed it, sorry, try again next time.





This post has been edited by danmooncake: Jan 20 2010, 05:18 AM

At times, I watch Cramer show.. very funny.

Just trade against his recommendation the next day.
His followers buy the stock, you sell it high or short to make money.

Don't wait, just Q it. By the time you login, it may already happened. Good luck!
This pullback is another gift. Watching Oil/Energy, Small Caps and China..

Update:
Overnight, China market dropped 3%. That's like 3x ETF.
Now, Dow -180 points... S&P500 -18
To add the negative news, a Republican senator won the race in Massachusetts, therefore market
also wants sell the news! Crazy huh?

This post has been edited by danmooncake: Jan 21 2010, 12:08 AM

Nice, I'm going to nip some STEC at 16.65 for short term as well

Yes, overnight Shanghai market fell 3% because Chinese Govt wants to pullback lending.

---

Added on January 21, 2010, 12:14 amIf they do split, I'll buy them. Berkshire shares are well sought after and they will go higher.

This post has been edited by danmooncake: Jan 21 2010, 12:14 AM

TCK is not pulling back as much I want it to be so I can grab more.

Anyway, for those of you who wants to play some cheaper mining stocks.
I'm looking at HL right now and buying some at this level.

HL is a much cheaper play for Gold and Silver mining.

Good luck!

Update: 2:40am
I'm in HL @ 5.80

Closing update:
Dow 10603.15 -122.28 -1.14%
Nasdaq 2291.25 -29.15 -1.26%
S&P 500 1138.04 -12.19 -1.06%

Feels like Deja Vu here.. ain't it?


This post has been edited by danmooncake: Jan 21 2010, 05:29 AM

You guys are kidding me.. BRKB for cucu or son?

Nah... for myself.. me, mine.. my preciousssssss..

Look at that. Goldman Sachs earned almost $4.79 billion in revenue last quarter and for the full year 13.4 billion.

Can anyone name any Malaysian banks that can beat that revenue?
Perhaps even the combine of all of them?

If we get another pullback, definitely a buy from here.

I'm watching and playing FXI and XPP.

China fears..

They sell, I buy.

Great! We got a pull back below 10500 and S&P below 1125.
This a nice dip for those who has been patient.
Take this opportunity, right here, right now.

C buyers - here's your second chance. Don't miss it!

Just go to any of your fav. online broker used by many here and check 'em out one by one, which ever ones fits your needs.
I have TD Ameritrade, E-Trade and ScottTrade. I like TD-Ameritrade the best.

No tax for Capital Gains for Foreigners but hefty tax for Dividends payment.
Just don't go for Dividends paying stocks but re-investment dividends are ok.

Getting too crowded.. there.

I'm also watching ERX now. Getting ready to my buy price. Hoping for another leg down.
Oil price is pretty resilient so far.. I need it drop to 75.