Just 2 more points to go 1150 .....Are you going to go in big time? If it goes below 1150?

No.. I'm not crazy.. I'm buying some at this level.

ING still bleeding ''

I have some ING@10.58. Haha. Now only USD7+, good timing to double my ING portfolio.

what d fcuk? just login and saw my portfolio... wow wow wee..

Q for C @ 4.00, 2molo got 2 mega news. So wait...

Well, I got my target at SPX 1150.. I think it will hold.

Bought some ING @ 7.50, ERX @ 38, TNA 55.5 (2nd attempt after being kicked out yesterday), and finally CSCO @26 (add to long position).

Looking forward for BP, but heck,.. I think it has seen its low at 50.. this baby doesn't want to go down.

I'll leave some dough on the table in case we got more bad news tomorrow after the data being released.

playing ERY..

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Added on May 7, 2010, 1:19 amwon $50 for the ERY trade..

still hold another half, about 250 ERY..
put a tight stop..

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Added on May 7, 2010, 1:30 amget stop and earn another $50..

This post has been edited by epalbee3: May 7 2010, 01:30 AM

Oh damn. got kicked out from TNA again.. definitely not good. Also stopped out from ERX.
SPX just dived below 1150. Gonna try again at the next level.

Yup support has been breached! DMC u buying this dip or wait until Monday?

I'm waiting... damn.. the walls have been breached.. my auto shorts went in. Bears are on lose.
Panic selling here.

SPX 1074.. holy moly... those auto computers just went to PANIC SELL mode..



This post has been edited by danmooncake: May 7 2010, 02:48 AM

Took a peek at Dow and saw that it's - 693 pts

I don't recall ever seeing such a huge drop post-March 2009. For a bear like me, this is better than sex

This post has been edited by Malefic: May 7 2010, 02:50 AM

This is Huge Huge Mega Sale...
Go grab it NOW!!

All stocks are looking mighty attractive at this levels. If C goes below RM4, i sapu.

It already did.. those algo went so fast.. it hit the panic mode and oversold by mistake.
Q to buy during this volatile days. This is a huge bargain!

Damn...it. I think they just halted trading.

Update: Ok, they resume back. .Oh man, that dive -20% to +20% is incredible
What a WILD WILD volatility swing..

This post has been edited by danmooncake: May 7 2010, 03:12 AM

No time to catch it at all. Damn lost out jor. But still can buy, got time before market close, C or ING for today.....

Closing update
Dow 10520.32 -347.80 -3.20%
Nasdaq 2319.64 -82.65 -3.44%
S&P 500 1128.15 -37.72 -3.24%

What an incredible day! This is like last year panic selling during March '09 dive.

Here's a recap from the frontline.. got major cuts today.

SPX bounced off 1150 and but couldn't hold it and slowly descent -5 points, -10 pts,
It didn't crash down yet until the DOW drops to 10700 and then suddently the trap door opens.
At this point, I think all those auto-algo kicked in the SELL button and all stops were taken out.

After my failed TNA entry and SPX gave up support @ 1150 and my queue buy for for SDS (Shorting S&P500) kicked in.
It bumps up 10% in less than 2 mins... now drops back to 5%.

ERX went down to $29.., TCK to $32, ING to $6.78. even C went to $3.90.., even CSCO to $23.23

At one point, all my streaming quotes all frozen.. alert from my broker platform volatility rules in effect.
Dow almost lost 1000 points here and SPX lost about 100 points.

That's when we got to SP 1065, the max loss algo kicked in again and reverse BUY kicked in. This is perhaps when they detected overselling done here by those high speed computers or some kind of malfunction must have happened.. (or maybe PPT person asleep at job and just woken up here ).

If you guys take a look at your fav. stocks.. almost all got a V shape recovery in less than 5 mins.

I've only managed to catch only TCK @ 33 and ERX @ 32 on the reversal.

Folks, I'm not sure this is over yet but like last year, but prepare of a violent upswing after this panic selling.

Take a look your fav stocks and see the lows of the day.. then calculate the percentage drops versus the SPX or DOW to set your appropriate buy queue (if you're long) or short sell queue (if you're short). Both ways can win..

Good luck to all!

This post has been edited by danmooncake: May 7 2010, 05:21 AM

just woke up and saw all my fav stocks.....

wonder if mar' 09 happened again.

Ok, there is a serious glitch today.. just saw the news from CNBC.

Some idiots must have fat finger an entry and caused the domino effect.

No freaking way under normal circumstances we drop 1000 points or near 10% for the Dow.

Look at AAPL. It dropped to $199.25.. How can this be?
PG drops to 39.37.. almost half.. This is a MAJOR buy!

This post has been edited by danmooncake: May 7 2010, 05:11 AM

This is highly unlikely. Company are churning out better than expected turnover numbers, indicating economy is slowly crawling back. As for finance stocks, it's bad idea to keep any of those who are exposed to the EU crisis.

I think Monday will be relatively flat, someone has got some explaining to do.

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Added on May 7, 2010, 5:17 amIf it's a glitch, then the bull will return on Monday! Oh noes, i havent catch my ING yet

Just got some C today. Slurp slurp. But i hate buying on Fridays, the suspense is killing me.

This post has been edited by redken: May 7 2010, 05:17 AM

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