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 US stock discussion v2

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honglun
post Mar 23 2010, 09:13 PM

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You can never guess the market. It just keep going up and up despite the overbought indicators.
honglun
post Mar 24 2010, 11:23 PM

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QUOTE(danmooncake @ Mar 24 2010, 11:21 PM)
FUQI is moving now.. but I don't trust it. Too much head fake.

But, I'm enjoying my FXP popping..  tongue.gif
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Same here. What's ur exit plan for FXP? If you don't mind me asking.
honglun
post Mar 24 2010, 11:36 PM

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QUOTE(danmooncake @ Mar 24 2010, 11:29 PM)
Right now: I'm letting half go now at 8.5, ka-ching! $495 profit!  biggrin.gif

Riding the other half with stop at 8.35  tongue.gif
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I wanna shave too at 8.5$ but my profit's really little in terms of $ value...but percentage looks nice. Will ride it out and see! Huat ah!
honglun
post Mar 26 2010, 07:10 AM

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QUOTE(danmooncake @ Mar 26 2010, 07:05 AM)
Closing update
Dow 10841.21 +5.06 +0.05%
Nasdaq 2397.41 -1.35 -0.06%
S&P 500 1165.73 -1.99 -0.17%

Looks like the bulls given up the gains and retraced, didn't they?
The Dow touched 10954 and back away..  biggrin.gif

Anyway, I was fake out this morning by the relentless bulls for FXP and got kicked out at 8.55
I ended up chasing it a bit to scramble back in with a much higher price: 8.60.  No excuse, bad judgment here
for setting too low for trailing. The chart for FXP is bullish, the chart for FXI is bearish. Heck, both HSI and SSEC now are bearish. If China and HongKong continues to pull back, FXP could break above 50MA at 8.95.

Who dares to short China with me?  smile.gif
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I'm still holding from 8.33. Still riding. Anything related to China is 1 cowboy ride, you never know where you will end up.
honglun
post Mar 26 2010, 08:21 AM

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QUOTE(Erroralot @ Mar 26 2010, 08:18 AM)
Woohooo ..Been riding FXP with ya since 8.08! Auspicious number u know! dont play play LOL.

My trailing is set at 20c. I sure hope it will break the 50 day MA smile.gif

Wonder how the GDP data will fare tonight ? hmmmmm..

Any thoughts on how far C will extend tonight? Or will correction begin?
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I wish we have that crystal ball. I do really wish the correction begins! C's reaching overbought territory but might still go up a few with momentum if Dow continues to surge.
honglun
post Mar 26 2010, 11:03 AM

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QUOTE(danmooncake @ Mar 26 2010, 10:59 AM)
Yes. Q to buy 34.

Also, hope to see red red colour for China and HongKong today so that we can 'fatt choi' for FXP tonight.  drool.gif

Ok, time for my nap.. see you guys tonight. yawn.gif
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I forgot which forum I browsed through the other day. There were some rumors about oil price will go down to 60$ due to lack of demand in US. Obama's health plan will increase some taxes. Thus, lessening some demand. I'm not sure if it fits together, but sounds plausible. Again, I'm not an expert energy trader.
honglun
post Apr 1 2010, 09:27 PM

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QUOTE(Erroralot @ Apr 1 2010, 09:09 PM)
Yeah, not gonna accumulate anymore FXP for the time being until there's more conviction in the bears LOL. Got more C at 4.05 yesterday and TIVO at 16.28 a couple of days back smile.gif
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Same here. I'm down a lot for FXP since 8$. Gonna wait it all out.
honglun
post Apr 1 2010, 09:48 PM

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QUOTE(zamans98 @ Apr 1 2010, 09:30 PM)
Why FXP? Any particular reason?
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-China's tightening
-Looming reminbi revaluation due to US presure
honglun
post Apr 22 2010, 02:57 PM

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QUOTE(SKY 1809 @ Apr 22 2010, 01:12 PM)
I can sense most investors  here are super short term.

Just my view.
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They're not investors...more like traders.
honglun
post Apr 22 2010, 03:02 PM

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QUOTE(Erroralot @ Apr 22 2010, 02:59 PM)
Yooo! Long time no see! Your FXP is on da move!! Haha, most probably even more tonight smile.gif
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Lol cut my losses cause I thought it's stupid to short China. But, oh well! Now moving on to C.
honglun
post Apr 27 2010, 09:47 PM

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QUOTE(epalbee3 @ Apr 27 2010, 09:39 PM)
in my opinion, C can be tanked to <4.0..
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I do hope for it. but 4-4.23$ would be the most likely scenario if it ever tanked on the extreme side. If not, it'd be around the 4.23-4.56 range.
honglun
post Apr 30 2010, 10:13 AM

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QUOTE(danmooncake @ Apr 30 2010, 09:54 AM)
Not sure if I wanted to buy anything now. We're close the top again. Just let the long ride up.  nod.gif
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Same here. Just let the bulls do their job. Too bad I maxed out before the -213 points dip. Anyways, thx to zaman, STEC is cool!
honglun
post May 2 2010, 12:39 AM

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QUOTE(epalbee3 @ May 1 2010, 04:21 PM)
sulifeisgreat created the term. Have to ask him.. wink.gif

momo means the big boss controlling stock price..
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Here's the definition given by investopedia.
http://www.investopedia.com/terms/m/momoplay.asp

Hope it helps!
honglun
post May 3 2010, 08:52 PM

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QUOTE(danmooncake @ May 3 2010, 08:49 PM)
G'evening all,

It's Money Monday again. Hopefully, this week will be a good one.  biggrin.gif
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I hope so. Today's market looks green but I'm not sure if it has strength to close green enough. Am still holding STEC from high 14s. Go STEC!
honglun
post May 5 2010, 09:19 PM

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QUOTE(danmooncake @ May 5 2010, 09:09 PM)
Nice.. just another leg down today.

Dollar spikes, VIX up, Oil down.., more downgrades on European countries coming
Bears roaming again.

My game plan tonight: safe to short till SPX 1150.  tongue.gif
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I wonder why PPT has done a thing.....yet
honglun
post May 5 2010, 11:20 PM

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QUOTE(shoduken @ May 5 2010, 11:01 PM)
haha dow from negative now miracle again =.=!
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PPT at work!

Load up some FAS at @32.2
honglun
post May 5 2010, 11:57 PM

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Dow's back in green. Should have bought some yesterday. If we only knew, and we'd be rich
honglun
post May 6 2010, 11:14 PM

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QUOTE(danmooncake @ May 6 2010, 11:13 PM)
SPX = 1150... here we come!  rclxms.gif
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Just 2 more points to go 1150 .....Are you going to go in big time? If it goes below 1150?
honglun
post May 7 2010, 07:21 AM

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QUOTE(danmooncake @ May 7 2010, 06:51 AM)
Here's the scoop:

Reuters NOW-Nasdaq to cancel trades 05/06 06:29 PM
NEW YORK (Reuters) - Nasdaq Operations said it will cancel all trades executed between 2:40 p.m. to 3 p.m. greater or less than 60 percent away from the consolidated last print in that security at 2:40 p.m or immediately prior.
Nasdaq said the stocks affected and break points will be disseminated soon.

Source: http://uk.reuters.com/article/idUKTRE6456U720100506

60% away... oh well, lucky SOB who bought AAPL @ 200 still can get it.
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Man...I knew I shouldn't go to sleep. Now, I wish I'm that SOB. What a correction!
honglun
post May 10 2010, 11:30 AM

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I hope it still drops. Lol. Maybe another 2 days of triple digit. Then, my fund would have arrived by then.

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