kawan-kawan, remember got 4 mega-news coming this 2 days. So trade carefully

Buy to cover at 36.09..

Earn $3 to cover small loss for HEAT about $5..

---

Added on March 11, 2010, 12:56 amnow holding only STEC..

a lot of selling pressure..

---

Added on March 11, 2010, 1:02 am"momo" is playing this stock fiercely..



This post has been edited by epalbee3: Mar 11 2010, 01:02 AM

STEC is like a feeding frenzie. Those who got it below $10 are laughing the way to the bank.

Feels like I'm about to do the unthinkable - getting ready to short TNA and AAPL.

This post has been edited by danmooncake: Mar 11 2010, 03:55 AM

Sold of 1/2 of my C positions at 3.97. Wonder if it will break 4.07 today? After hours seem pretty weak though as if the bull's are headed towards greener pastures to rest. LOL

What's your take on ERX? Would u scalp on that? If not, what's your take on when to enter? at the 50MA?

What do you think about TiVo? with the recent spike up and numerous analyst upgrades of above USD20 prices, u think that its worth a good long term play at it's current prices?

This post has been edited by Erroralot: Mar 11 2010, 06:35 AM

Closing update:
Dow 10567.33 +2.95 +0.03%
Nasdaq 2358.95 +18.27 +0.78%
S&P 500 1145.61 +5.17 +0.45%

The bulls tried to rally but got stomped down again. The only ones able to edge up are mostly tech stocks: AAPL, GOOG, INTC, QCOM - thus Nasdaq got a nice bump!

ERX - holding period. Not adding any or shorting at this time. Yes, I would get some at 200MA (not 50MA).
TIVO - no play here.

New on my short list:
SCOK - shorted @ 38 yesterday
This thing is too overcooked (aka "goreng") on the upside. Now, down she goes!
I'll cover it probably tomorrow when it most likely hit $30.

This post has been edited by danmooncake: Mar 11 2010, 07:31 AM

The price movement of STEC is unusual, as there are half of those people who shorts..

I am at the long side, have won all the ways from 10.50.

Now pull back and holding STEC at average price of $13.70.

I cannot do day trades anymore.. if not, can scalp and won't small money everyday..

Luckily released HEAT earlier..

Target price for STEC: $16(50%) and $20(50%).

STEC Inc. $ 13.18
STEC 0.43
Short Interest (Shares Short) 12,631,200
Days To Cover (Short Interest Ratio) 1.4
Short Percent of Float 39.88 %
Short Interest - Prior 13,876,600
Short % Increase / Decrease -8.97 %
Short Squeeze Ranking™ 81

If you observe days to cover, it is about 1.4.

With 40% of people going to cover their shorts soon, and short % decreased, investor has "bull" about this stock.

"momo" gave a big short 12.30am last night, push down price from 13.60 to 13.20..

tonight they will have to cover..

--------------------------

About AIG, look out.. There might be sell on news tonight..

--------------------------

What to buy tonight?

Nice short call over there ! Any other good tips to share? haha.

C closed after hours at 4! Maybe should scalp a little tonight if initial claims comes in good at 9.30pm tonight Oh yea, by next Monday, the US market will begin at 9.30pm (Msian time) right?

More STEC if u're anticipating more 'bullish' movement. Are the fundementals for this company solid? Worth while to enter at this price?

G'evening folks,

Initial jobless claims came in 462K.. just about the same as what's expected: 460K.
Overnight, data from China points to inflation - that's going to push some equities down today because of
fears of imminent rates hike.

so, time to standby bullets?

So the mega news comes in as MIXED. Market will take that as an excuse to sell for 3 days gain.

Preparing to re-enter S

Yes.. wait and be patient. Let it come to you.

Infact, I was hoping the data came in much better that it can surge up
so that I can short more.

never short before... dont really know how it works
any good counter to long?

sold my ING earlier. waiting for it to come down
queue for AIG ard 25 previously, didnt get any, else.....

Thinking of whether to hold on to C or let it go. Sellers are 2x the buyers now.

How do you check that sellers are 2x the buyers?

By checking out the Bid/Ask queue. Bid = buy. Ask = sell.

I see huge sellers on C at 4-401.

Q'ing for S @ 3.55 x 2,000

quite a resilient bull, but wanna activate my shorts with cut loss at $50 where is the mini pullback?

Will LVS break $20 or down under $18?

Any opinion? hehe

We are going to see 4.30 very soon. Hmn... my caviar.

deb,You are getting there.
Zaman98.How's it ?

Covered my SCOK shorts at 32.15. 15% profit.

IMO, The bears are actually also weak. I was hoping for more pull back,
but we hardly touch 10500 and now we recovered 70+ points.

I believe the market wants to see its January high target no matter.

As for C - wow!
What can I say, this thing just keep going ain't it?
Now that it has reach 4.15, I am in agreement with wildthings73, it may want to see 4.30 later.
The charts are showing all bullishness, strength, volume but RSI already reached 81.

But, I've pulled the "trim the top" trigger now at 4.15 'coz I don't want to be greedy.
I'm reducing my shares back to core position and let the rest ride. I've up my stop to 3.8.

Some of you have asked me what does "trim the top" means?

Well, simple: whenever a long equity that I've accumulated has raised in value over more than a certain amount
of value or certain percentage, I will reduce that amount back to the core position.

In this case, C has increased almost 17% from my avg price of 3.55, now approx $2600 in excess
of my principle investment, so I just trimmed off that portion and keep the rest as my core. If C drops in value or below my avg buy in price by a certain percentage, I will buy again to accumulate and wait for it rise again to my core position.

There is no fix rule on the percentage or when to buy again to average down (during bear cycle). I normally watch the price channel and spread from my last average. For C, last time, a spread between 25cents and 50cents would be good enough and over 50cents or 15% or higher -> time to take profits or "trim the top"..

Hopefully this make sense.
Everyone may have different trading ideas but feel free to share your ideas or comments.

Closing update:
Dow 10611.84 +44.51 +0.42%
Nasdaq 2368.46 +9.51 +0.40%
S&P 500 1150.24 +4.63 +0.40%

The S&P has reached its target of reaching Jan high. Dow is still lagging behind but not too far away.

C got jacked up to high 4.18 now.. nice close!
Up'ed my stop to 4.0 now.

This post has been edited by danmooncake: Mar 12 2010, 07:31 AM