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Erroralot
post Mar 12 2010, 07:58 AM

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QUOTE(danmooncake @ Mar 12 2010, 03:18 AM)
Covered my SCOK shorts at 32.15.  15% profit.  smile.gif

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!  rclxms.gif
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.  biggrin.gif

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!  rclxms.gif
Up'ed my stop to 4.0 now.
*
Wow, nice profits from SCOK! smile.gif Good job dude!

Picked up an additional 2,000 C at 3.98 smile.gif Kinda glad that it continued to rally thanks to Mr Pandit's favourable comments smile.gif Yea, hopefully it breaks and charges up all thy way past 4.20 to 4.30 at least smile.gif

Here's to hoping that tonight's data will be of positive nature smile.gif

This post has been edited by Erroralot: Mar 12 2010, 07:59 AM
miuk
post Mar 12 2010, 08:07 AM

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Great move on SCOK. after hours trading dropped further to 28. 16% drop in a single day.
danmooncake
post Mar 12 2010, 10:51 AM

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QUOTE(miuk @ Mar 12 2010, 08:07 AM)
Great move on SCOK. after hours trading dropped further to 28. 16% drop in a single day.
*
That is a POS stock. Not worth anything. Being "goreng" like crazy.
Anyway, quick money made and I'm happy. tongue.gif

Tonight, I have a feeling that the big boys are going to make their move.
They're going to tear this market down like in early Jan and make money on the way down.

So, be very cautious and have your stops in place.

Good luck 'all and have a good day. I'll be check'in tonight again. laugh.gif


zamans98
post Mar 12 2010, 03:29 PM

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Wow, C = 4.20, its the best popular BIG BOYS stock, from low 3.20 on FEB 12 and today 4.20.

32% movement for mega stock with billion of share trading a day is not easy. Like KNM in KLSE, not easy to move, because of huge BID/ASK Q.


danmooncake
post Mar 12 2010, 09:45 PM

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QUOTE(zamans98 @ Mar 12 2010, 03:29 PM)
Wow, C = 4.20, its the best popular BIG BOYS stock, from low 3.20 on FEB 12 and today 4.20.

32% movement for mega stock with billion of share trading a day is not easy. Like KNM in KLSE, not easy to move, because of huge BID/ASK Q.
*
I think it is going to 4.3, it hasn't flat out or pivot yet. Are u still holding on your C shares? wink.gif
mH3nG
post Mar 12 2010, 09:52 PM

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QUOTE(danmooncake @ Mar 12 2010, 09:45 PM)
I think it is going to 4.3, it hasn't flat out or pivot yet. Are u still holding on your C shares?  wink.gif
*
Almost sold half of my shares last night.
Thank goodness I switched off the pc and went to bed early. sweat.gif
sulifeisgreat
post Mar 12 2010, 10:25 PM

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QUOTE(sulifeisgreat @ Feb 22 2010, 09:55 PM)
I cabut swing trade positions  drool.gif  if buy high, sell higher type, ok or not? indexes quite up, dunno wil hav pullback or not?  rclxub.gif
not rekomen buy anything below $10  nod.gif
if got 1% balls, can take a look at below for swing trade since got doji, but no garanti, chances is 33% up, 33% down or 33% tidur
cnsl, mir, onp, qdel - cmfo, nuan, sncr  cool2.gif good luck
*
Attached Image

haha.. all swing trade worked except for onp yawn.gif
strabge, y indexes no pullback yet? hmm.gif if otex clears 50.5, cut loss the short & maybe switch to buy high, sell higher concept sweat.gif
mynewuser
post Mar 12 2010, 10:38 PM

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Beside the buy and sell. Any one can advise me on when to use.
- Sell Short
- Buy to Cover


mH3nG
post Mar 12 2010, 10:52 PM

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QUOTE(danmooncake @ Mar 12 2010, 03:18 AM)
Covered my SCOK shorts at 32.15.  15% profit.  smile.gif

As for C - wow!  rclxms.gif
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.
*
So basically you're keeping your capital intact while taking your profits off the table once you hit your target?
mynewuser
post Mar 12 2010, 11:00 PM

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I buy C at 4.7.
danmooncake
post Mar 12 2010, 11:06 PM

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QUOTE(mynewuser @ Mar 12 2010, 11:00 PM)
I buy C at 4.7.
*
I'll be happy to unload my shares to you at 4.7. tongue.gif


Added on March 12, 2010, 11:09 pm
QUOTE(mH3nG @ Mar 12 2010, 10:52 PM)
So basically you're keeping your capital intact while taking your profits off the table once you hit your target?
*
Yes..if the value of the stock has reached or exceeded my target, I'll just sell some off.

Your initial position: $5000
After 1 month, say it now it worth $6000
Just take off: $1000 worth off the table.



This post has been edited by danmooncake: Mar 12 2010, 11:09 PM
sulifeisgreat
post Mar 12 2010, 11:13 PM

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resilient bull cool2.gif short el with cut loss at 65.5
must do my part, as a bear lover & assist in the 'sell higher, buy lower' concept laugh.gif
isn't it nice to keep track of those 'buy high, sell higher concept stocks'; coz they r great candidates for shorting drool.gif
who knows? maybe can lose in tis gamble brows.gif
next week is options expiry & wil there be a big movement to shake out the 'call option buyers'? no idea, I watching the movie too flex.gif

Attached Image

This post has been edited by sulifeisgreat: Mar 12 2010, 11:35 PM
danmooncake
post Mar 12 2010, 11:59 PM

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QUOTE(sulifeisgreat @ Mar 12 2010, 11:13 PM)
resilient bull    cool2.gif  short el with cut loss at 65.5
must do my part, as a bear lover & assist in the 'sell higher, buy lower' concept  laugh.gif
isn't it nice to keep track of those 'buy high, sell higher concept stocks'; coz they r great candidates for shorting  drool.gif
who knows? maybe can lose in tis gamble  brows.gif
next week is options expiry & wil there be a big movement to shake out the 'call option buyers'? no idea, I watching the movie too  flex.gif

Attached Image
*
I don't think the bulls can hold much longer. This market is pretty full now from over eating.
Even good data from consumer confidence and feb retail sales not pushing it higher.
I'm looking for at least a small pullback by next week. All we need is some scary news to push this down.
We don't have that yet. We need the Anti-PPT team to help. Maybe China will do it. Hopefully, they'll issue an "intent" to
raise rates or the US Fed signal "rates" hike soon. brows.gif


mH3nG
post Mar 13 2010, 12:00 AM

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Sold half of my C at 4.08. Lock in half of the profits first.
sulifeisgreat
post Mar 13 2010, 12:22 AM

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QUOTE(danmooncake @ Mar 12 2010, 11:59 PM)
I don't think the bulls can hold much longer. This market is pretty full now from over eating.
Even good data from consumer confidence and feb retail sales not pushing it higher.
I'm looking for at least a small pullback by next week. All we need is some scary news to push this down.
We don't have that yet.  We need the Anti-PPT team to help. Maybe China will do it. Hopefully, they'll issue an "intent" to
raise rates or the US Fed signal "rates" hike soon.  brows.gif
*
otex & dog jones is creeping up sweat.gif
healthy pullback is required then can cover my shorts & get ready buy the dip rclxub.gif
dunno how long more to wait? yawn.gif maybe hav to cut loss
Erroralot
post Mar 13 2010, 12:26 AM

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Hmm, I think the bull's are beginning to lose interest and the Bear's are getting ready to maul! LOL

C's having a pretty healthy pullback.

Mynewuser: Dont buy from Damoon, I'll sell mine to ya for 4.69 smile.gif
danmooncake
post Mar 13 2010, 12:48 AM

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QUOTE(Erroralot @ Mar 13 2010, 12:26 AM)
Hmm, I think the bull's are beginning to lose interest and the Bear's are getting ready to maul! LOL

C's having a pretty healthy pullback.

Mynewuser: Dont buy from Damoon, I'll sell mine to ya for 4.69 smile.gif
*
Ok, I've lowered my ask price: 4.68. C'mon MyNewUser - you know you want my C shares badly. tongue.gif
mH3nG
post Mar 13 2010, 12:58 AM

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I'm going to break convention and offer you an irresistible price: 4.88 literally translated from chinese, die rich rich. thumbup.gif
If you get buy it from me, your C shares will skyrocket. *in a few years perhaps* laugh.gif
zamans98
post Mar 13 2010, 12:58 AM

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QUOTE(danmooncake @ Mar 12 2010, 09:45 PM)
I think it is going to 4.3, it hasn't flat out or pivot yet. Are u still holding on your C shares?  wink.gif
*
yup, still holding. Average is very high. Hit $5 5 months ago, but reluctant to sell.

QUOTE(mynewuser @ Mar 12 2010, 11:00 PM)
I buy C at 4.7.
*
Hehe, we are in d same club.

C dropped 2.4%, and this seems healthy, 4$ is major support. As long close above it, its good news.
adipop
post Mar 13 2010, 02:54 AM

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We may have another dip today... the majors are weak. Gold and Silver selloff continues, dollar strengthening another notch.
If you're long and up, sell this pop and buy at lower level.
If you're short, it may too late to try it at this level. Use caution.

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