Anybody thinking of unloading?
Edit : oopss, posted in the wrong thread. Should be in the main stock market thread. Oh well....
This post has been edited by kmarc: May 5 2010, 11:12 PM
US stock discussion v2
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 May 5 2010, 11:10 PM
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Elite
14,576 posts Joined: May 2006 From: Sarawak   
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When was it that people said after the US, it is Europe who will be badly hit? One year ago? And it has to happen now.....
Anybody thinking of unloading? Edit : oopss, posted in the wrong thread. Should be in the main stock market thread. Oh well.... This post has been edited by kmarc: May 5 2010, 11:12 PM |
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May 5 2010, 11:20 PM
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Junior Member
131 posts Joined: Sep 2008
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QUOTE(shoduken @ May 5 2010, 11:01 PM) haha dow from negative now miracle again =.=! PPT at work! Load up some FAS at @32.2 |
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May 5 2010, 11:31 PM
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All Stars
10,125 posts Joined: Aug 2007
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QUOTE(honglun @ May 5 2010, 11:20 PM) PPT at work! I was wrong.. I hoping they're going come in much later perhaps this Friday but they already waiting at the door. Load up some FAS at @32.2  Almost started to add more short.  Now finally have exit FXP @ 44.50 via the trailing stop. Let see if bulls care to take us back above 11K by this Friday. Update: In TNA 59.50  This post has been edited by danmooncake: May 5 2010, 11:42 PM |
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May 5 2010, 11:49 PM
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Junior Member
81 posts Joined: Jun 2009
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QUOTE(zamans98 @ May 5 2010, 10:59 AM) For ING/LYG traders out there (apart from me) sold LYG and swap with ING last week.....1. Belgian-Dutch insurer Fortis, for example, holds $5.4 billion in Greek government debt—and $4.1 billion of Portuguese government debt, according to bank statements and public documents 2. Europe's banks aren't saying how much in vulnerable debt they hold overall, but it adds up. The banks' exposure to Portugal comes to $240 billion; exposure to Spanish debt is another $832 billion 3. On Apr. 27, the day S&P downgraded Greek debt, shares in London-based Lloyds Banking Group (LYG) slid 8%. Yesterday, hit another downwards in wake of Greece issue. 4. Europe's banks and insurers hold some $193 billion in Greek debt. 5. Commerzbank and ING (ING) each hold $3.9 billion in Greek government debt. Writing off 50% of that would hurt, but it wouldn't send a major European banking institution toppling so, it is not good time to enter either ING or LYG? |
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May 5 2010, 11:53 PM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL
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QUOTE(syong @ May 5 2010, 11:49 PM) sold LYG and swap with ING last week..... I think once you're in profit - sell it quickly and wait for next wave of PIIG.so, it is not good time to enter either ING or LYG? |
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May 5 2010, 11:54 PM
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Senior Member
1,345 posts Joined: Sep 2009
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it may be a trap also...
today may drop another 200 points.. |
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May 5 2010, 11:57 PM
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Junior Member
131 posts Joined: Sep 2008
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Dow's back in green. Should have bought some yesterday. If we only knew, and we'd be rich
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May 6 2010, 12:22 AM
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All Stars
10,125 posts Joined: Aug 2007
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QUOTE(honglun @ May 5 2010, 11:57 PM) Dow's back in green. Should have bought some yesterday. If we only knew, and we'd be rich Well, Nobody knows.. but you got to plan ahead. I was expecting we go down to see SPX 1150.. barely visible only, the PPT already kicked in their BUY button already. Lucky me, I got buy order for TCK @ 34 and STEC @ 12.65 already planned and was about to start short on some to hedge down. Oh well, let see how it goes.. we may have to sell into the rally this Friday. I plan to unload my overloaded batch of TCK once we reach 39/40 for safety reason. Good luck! |
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May 6 2010, 12:27 AM
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Senior Member
2,352 posts Joined: Jan 2003 From: Pixelgasm
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QUOTE(danmooncake @ May 6 2010, 12:22 AM) Well, Nobody knows.. but you got to plan ahead. I was expecting we go down to see SPX 1150.. barely visible only, the PPT already kicked in their BUY button already. Lucky me, I got buy order for TCK @ 34 and STEC @ 12.65 already planned and was about to start short on some to hedge down. Today TCK is amazing! Let's see if can reach ur USD50 target or not. Haha.Oh well, let see how it goes.. we may have to sell into the rally this Friday. I plan to unload my overloaded batch of TCK once we reach 39/40 for safety reason. Good luck! |
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May 6 2010, 12:53 AM
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All Stars
10,125 posts Joined: Aug 2007
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QUOTE(redken @ May 6 2010, 12:27 AM) Today TCK is amazing! Let's see if can reach ur USD50 target or not. Haha. I think it will go to US50 within a year or so.. but I plan to hold some of the overspilled batch for short term only.The metals and mining stocks seems to have found a bottom and moving ahead of everybody else. I'm also seeing bounce in FCX too (big brother of TCK). Same goes for X. Bottom at 51. Picked up more at 53. As for poor BP.. the bulls doesn't want it to tank to 45. Very strong support below 50. But, this oil spill mess is not getting better yet. We shall see. Update: Oh dang..Got stop out from X @ 54.50 - small profit only. I'll try this again later.Update: 2:30am Oh crap again.. got kicked out from TNA @ 59.25.. small loss. Looks like bears aren't giving up. This post has been edited by danmooncake: May 6 2010, 02:31 AM |
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May 6 2010, 02:35 AM
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Senior Member
2,352 posts Joined: Jan 2003 From: Pixelgasm
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QUOTE(danmooncake @ May 6 2010, 12:53 AM) I think it will go to US50 within a year or so.. but I plan to hold some of the overspilled batch for short term only. Yea, all of us is waiting for the Papa Bear, since most stocks still far away their real bottom, buying now is really catching the knives. I think today's rebound (if any) is a mere fluke.The metals and mining stocks seems to have found a bottom and moving ahead of everybody else. I'm also seeing bounce in FCX too (big brother of TCK). Same goes for X. Bottom at 51. Picked up more at 53. As for poor BP.. the bulls doesn't want it to tank to 45. Very strong support below 50. But, this oil spill mess is not getting better yet. We shall see. Update: Oh dang..Got stop out from X @ 54.50 - small profit only. I'll try this again later.Update: 2:30am Oh crap again.. got kicked out from TNA @ 59.25.. small loss. Looks like bears aren't giving up. |
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May 6 2010, 03:32 AM
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Junior Member
119 posts Joined: Sep 2007
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what is the brokerage charges for trading in US market? if using OSK?
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May 6 2010, 04:16 AM
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All Stars
10,125 posts Joined: Aug 2007
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Closing update
Dow 10868.12 -58.65 -0.54% Nasdaq 2402.29 -21.96 -0.91% S&P 500 1165.87 -7.73 -0.66% Wow! We came off the lows...  At opening, the S&P has dropped over 5% (@1158, just 8 points away from support) and Dow lost 4.5% from the highs on April 26th. Then suddenly, PPT kicked in their BUY algorithms. Tonight, we shall see if PPT teaser will work or not in order to pull back the bulls.  This post has been edited by danmooncake: May 6 2010, 06:57 AM |
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May 6 2010, 08:14 AM
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Junior Member
144 posts Joined: Aug 2008
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QUOTE(redken @ May 6 2010, 12:27 AM) Today TCK is amazing! Let's see if can reach ur USD50 target or not. Haha. QUOTE(danmooncake @ May 6 2010, 12:53 AM) I think it will go to US50 within a year or so.. but I plan to hold some of the overspilled batch for short term only. Lets hope TCK presses on towards 39/40 soon The metals and mining stocks seems to have found a bottom and moving ahead of everybody else. I'm also seeing bounce in FCX too (big brother of TCK). Same goes for X. Bottom at 51. Picked up more at 53. As for poor BP.. the bulls doesn't want it to tank to 45. Very strong support below 50. But, this oil spill mess is not getting better yet. We shall see. Update: Oh dang..Got stop out from X @ 54.50 - small profit only. I'll try this again later.Update: 2:30am Oh crap again.. got kicked out from TNA @ 59.25.. small loss. Looks like bears aren't giving up. Jobless claims tonight! Anybody got C at 4.05? |
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May 6 2010, 08:19 AM
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Senior Member
1,345 posts Joined: Sep 2009
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The fundamental is still quite weak..
the bounce back after 3pm was not supported by good volumn. |
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May 6 2010, 09:24 AM
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All Stars
10,125 posts Joined: Aug 2007
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QUOTE(epalbee3 @ May 6 2010, 08:19 AM) The fundamental is still quite weak.. Not every bull is convince yet. The bulls and bears have good fight today and I say.. the bears won a bit here but at least we didn't drop another -3 digits down.the bounce back after 3pm was not supported by good volumn. The streets over at Greece are having terrible blood fest. CNN news keep showing it, Wall Street watching and feeling very nervous. The part about another possible downgrade coming for one of the debt-laden country and the rumor that Euro currency going to crash isn't helping. Other than that.. everything in the good old USA is great! Uncle Ben and PPT ensure prosperity for them.  This post has been edited by danmooncake: May 6 2010, 09:24 AM |
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May 6 2010, 09:05 PM
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Junior Member
81 posts Joined: Jun 2009
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ING dropped below 8.
DMC - time for u to enter now... |
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May 6 2010, 09:11 PM
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All Stars
10,125 posts Joined: Aug 2007
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Oh boy.... futures all red again. Euro went down another pip, greece still in turmoil getting worse, financial regulation in process - more unknown, Oil moves down to $78, Dollar moves up - 14 months high against Euro. Looks like storm isn't over yet.. Eventho jobless claims came in less but retail store Target missed est.
What else can we ask for?  Perhaps we shall see and perhaps close below SPX 1150 or Dow 10700. That would meet my target for a 5%+ retracement from the top. Time to get ready to fire another batch of buys for longs. Added on May 6, 2010, 9:12 pm QUOTE(syong @ May 6 2010, 09:05 PM) ING dropped below 8. Great.. it hit 52 weeks low. DMC - time for u to enter now... Actually, I want LVS more than ING. Waiting for LVS to touch 21.50 or below. LVS has been pretty strong lately. A quick check across the gambling sector last week.. looks like people are going back to the casinos and resorts. This sector is indeed recovering. This post has been edited by danmooncake: May 6 2010, 09:17 PM |
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May 6 2010, 09:45 PM
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Senior Member
1,121 posts Joined: Oct 2009 From: transiting asteroid
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I luv the smell of fear
 My gambling portfolio wait for doji then buy to ride 
buy as bet can break thru the overhead & add position when got pullback 
sure in as new high  add position when got pullback
if hit cut loss level, then lari  |
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May 6 2010, 11:13 PM
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All Stars
10,125 posts Joined: Aug 2007
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SPX = 1150... here we come!
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