I got stop out at my TCK: 41.50, small profit here.
I think market wants to see 10700.. just approx. 130 points to go before reversing.
US stock discussion v2
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Mar 8 2010, 11:06 PM
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All Stars
10,124 posts Joined: Aug 2007 |
Some profit taking at the moment...some traders are unloading here.
I got stop out at my TCK: 41.50, small profit here. I think market wants to see 10700.. just approx. 130 points to go before reversing. |
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Mar 8 2010, 11:20 PM
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Senior Member
534 posts Joined: Dec 2006 |
QUOTE(danmooncake @ Mar 8 2010, 10:44 PM) There is no expiration date unless you're playing option.. just that it will decay if the trend is not in your favor. But what about the US treasury? Pretty soon they'll be looking to dispose of their portion once the price rises up which will probably result in the share price falling again unless the market can mop up the excess shares. By the way, C holders - we got a break out today. If it can close above 3.5, we'll have a new trading range. Added on March 8, 2010, 11:23 pmOh wait. I've just saw this. This post has been edited by mH3nG: Mar 8 2010, 11:23 PM |
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Mar 8 2010, 11:45 PM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL |
Sold 2,500 S @ 3.42 (Trailing Stop hit - on very tight pips)
Re-enter when market down this 2-3 days. |
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Mar 8 2010, 11:57 PM
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All Stars
10,124 posts Joined: Aug 2007 |
QUOTE(zamans98 @ Mar 8 2010, 11:45 PM) Sold 2,500 S @ 3.42 (Trailing Stop hit - on very tight pips) Nice trade.. congrats! Re-enter when market down this 2-3 days. Added on March 8, 2010, 11:58 pm QUOTE(mH3nG @ Mar 8 2010, 11:20 PM) But what about the US treasury? Pretty soon they'll be looking to dispose of their portion once the price rises up which will probably result in the share price falling again unless the market can mop up the excess shares. Yes, if China starts dumping treasury, Fed will have to raise rates to make them attractive again. When it happens, we'll have the pull back. Now, it is just trending along. The technical for bulls now are closing to the top. I believe a small pull back should happen by next week or as early as end of this week.Added on March 8, 2010, 11:23 pmOh wait. I've just saw this. As for C, keeping some C shares make sense now that it is above the 50MA. I look forward to add more if we pull back to 3.30-3.38. This post has been edited by danmooncake: Mar 8 2010, 11:58 PM |
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Mar 9 2010, 12:07 AM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL |
QUOTE(danmooncake @ Mar 8 2010, 11:57 PM) Nice trade.. congrats! C - aiyo, this ORANG SAKIT NYSE... Come on, move it already to USD5!Thanks, a little but smaller than your ERX or just 3% of your TCK profit recent weeks. Added on March 8, 2010, 11:58 pm Yes, if China starts dumping treasury, Fed will have to raise rates to make them attractive again. When it happens, we'll have the pull back. Now, it is just trending along. The technical for bulls now are closing to the top. I believe a small pull back should happen by next week or as early as end of this week. As for C, keeping some C shares make sense now that it is above the 50MA. I look forward to add more if we pull back to 3.30-3.38. |
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Mar 9 2010, 12:18 AM
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All Stars
10,124 posts Joined: Aug 2007 |
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Mar 9 2010, 12:24 AM
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Senior Member
768 posts Joined: Jan 2005 |
Just placed these 2 orders
Sell STEC @ 12.38 (bought @ 10.18) Short LVS @ 18.48 IMHO I think the bulls are getting tired already, time to get ready for some corrections. |
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Mar 9 2010, 12:48 AM
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Senior Member
1,345 posts Joined: Sep 2009 |
Sell 200 MGM at 11.45, earned $44 - 6 =$38 = Rm129.
Added on March 9, 2010, 12:49 amWill hold STEC for further grow.. Already paper profit USD 50 - 6. Cannot do too much day trade also.. Aii.. ES is dropping (loss $10).. will keep for a week and see how.. This post has been edited by epalbee3: Mar 9 2010, 12:49 AM |
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Mar 9 2010, 02:51 AM
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All Stars
10,124 posts Joined: Aug 2007 |
Fed liquidity removal coming: Fed launches reverse repurchase agreement program
First warning shot? Closing update: Dow 10552.52 -13.68 -0.13% Nasdaq 2332.21 +5.86 +0.25% S&P 500 1138.50 -0.19 -0.02% This post has been edited by danmooncake: Mar 9 2010, 06:19 AM |
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Mar 9 2010, 08:05 AM
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Senior Member
1,345 posts Joined: Sep 2009 |
Wow.. yesterday all target prices were met.
During mid-night sold off 250 STEC, 200 MGM and 200 ES. Earned $159 - 3 * 6 = $141 = RM 480.. Sold off STEC too early at 12.60.. STEC flied like crazy.. Added on March 9, 2010, 8:09 amI have used up two day trades yesterday... Still have only one time to day trade... Anyone knows how to increase number of day trades allowed? Added on March 9, 2010, 8:23 amLuckily sold off ES at 3.94.. Now it drops to 3.80.. low volume and no cooking activities.. Tonight good stock to play may be STEC again.. but I don't have much day trade already.. This post has been edited by epalbee3: Mar 9 2010, 08:23 AM |
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Mar 9 2010, 08:28 AM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL |
Epal - to increase your day trade, upgrade your account to USD25K
miuk - congrats. I have not entered STEC so far. Will buy on Rally only. LVS looks good for short. |
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Mar 9 2010, 07:00 PM
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Senior Member
1,345 posts Joined: Sep 2009 |
QUOTE(zamans98 @ Mar 9 2010, 08:28 AM) Epal - to increase your day trade, upgrade your account to USD25K yupe.. but I do not play that large at the time.. miuk - congrats. I have not entered STEC so far. Will buy on Rally only. LVS looks good for short. Perhaps open with different brokers? ------ Cheap sale today: http://money.cnn.com/2010/03/09/markets/premarkets/index.htm Always wanted buy a cheaper stock, but too high now.. STEC will most probably grow back to USD 17.. Will buy on dip.. |
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Mar 9 2010, 10:29 PM
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All Stars
10,124 posts Joined: Aug 2007 |
C has a breakout yesterday from 3.50, now above 50d MA.
I think it will move up to 3.76 shortly. Added on March 9, 2010, 10:35 pm QUOTE(epalbee3 @ Mar 9 2010, 07:00 PM) yupe.. but I do not play that large at the time.. epal: It doesn't matter which broker you use. The rules are the same for daytrading. You must have a margin-PDT account - min $25k. Once you've exceeded 3 daytrades within 5 bus. days, you can't trade until all your funds are cleared.Perhaps open with different brokers? ------ Cheap sale today: http://money.cnn.com/2010/03/09/markets/premarkets/index.htm Always wanted buy a cheaper stock, but too high now.. STEC will most probably grow back to USD 17.. Will buy on dip.. STEC will most likely hit resistance at 15.13 first. This post has been edited by danmooncake: Mar 9 2010, 10:35 PM |
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Mar 9 2010, 10:38 PM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL |
stupid me, chasing STEC - didn;t get the Q, very very volatile.
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Mar 9 2010, 10:40 PM
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Senior Member
1,345 posts Joined: Sep 2009 |
me too.. queue at 12.50.. not get it..
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Mar 9 2010, 10:44 PM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL |
STEC flying. The share buy back is activated, and the short sellers got squeezed.
Now, I will let it run to 18$ before another fall. S also got a huge buying activity. Sold mine yesterday ... |
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Mar 9 2010, 10:49 PM
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Senior Member
1,345 posts Joined: Sep 2009 |
Play small small.. bought 100 STEC at 13.73..
Added on March 9, 2010, 10:55 pmBought 100 HEAT at 5.47. This post has been edited by epalbee3: Mar 9 2010, 10:55 PM |
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Mar 9 2010, 10:58 PM
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Senior Member
768 posts Joined: Jan 2005 |
Kind of regret turning ON my 'bear' mode so soon. Missed out on STEC now flying up ahead, 'wasted' almost $1.50 per share.
Now also in with short position on LVS, might need to cover it soon if this rally gets extended. |
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Mar 9 2010, 11:03 PM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL |
QUOTE(miuk @ Mar 9 2010, 10:58 PM) Kind of regret turning ON my 'bear' mode so soon. Missed out on STEC now flying up ahead, 'wasted' almost $1.50 per share. Its okay, as long as u're making $$Now also in with short position on LVS, might need to cover it soon if this rally gets extended. Mine is average 17.37 - I didn't bought any at 10! Only IF, then now already making $$ |
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Mar 9 2010, 11:07 PM
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Senior Member
1,345 posts Joined: Sep 2009 |
I bought a lot of STEC.. but sold along the way, reap only part of the profit..
Now holding 100 STEC only, flying to the sky.. |
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