Sure.. 1 trillion is not going to solve their problem if they continue to party and be care free nation.
Therefore, they got 2nd thought. Buckle up and let see how it goes..

Lots of good opportunities for some badly battered good stocks to go long here.

Update: Someone asked me what are some of those longs that I would be looking at during market panic:

Here's what I'm looking at some of these, holding them over much longer timeframe (quarters/years):
AAPL, CSCO, CAT, TM, YUM, MCD, KMP, GE, GLD, VTI.

I don't swing or daytrade those above.. just accumulate during big dips - like last Thursday/Friday.
Every quarter, I project that we may have up to 5% to 15% pullback from the highs (Dow/SPX). Just calculate a price point relative to the general index and set a BUY order (in small position by scaling in) for them.

I'll be adding C to the above list soon (if it can maintain price over $4 over at least two quarters).

I'm also looking at BP - finally broke down below $50 - way over sold now.
If it is closing to 52weeks low (approx $4 from here), I'm a buyer.

This post has been edited by danmooncake: May 12 2010, 09:37 AM

I'm with you for good stock for long haul, but the W shape is coming as many have seen. Data came out are not that solid yet to hold long position more than 2 Q

The 2nd V shape - difficult to predict when. Just leave some ammo on the table and be prepare to use 'em.
Just scale in the position - don't get tempted to push BUY all now. There's always another trap door beyond the first one.

It should be bull till Friday..

Still locked there.. not far away..

hmm. looks like GREEN closing, so are we uptrend till 11000?

Closing update
Dow 10748.26 -36.88 -0.34%
Nasdaq 2375.31 +0.64 +0.03%
S&P 500 1155.77 -3.96 -0.34%

Well, the market gave back some today after the big gains yesterday.
Not a whole lot but still good enough to start a base.

But, materials and mining gave back half of that they've taken. Partly because most of them have gained over 10%.

Except for Gold stock (GLD), it rallies really good today. That's means fears still in the market.

Yeah, I got some AAPL at 230 last Friday. Pretty sweet deal

Am looking into BP as well but am wondering when will it really bottom? So much negative press on it.

So guys, what's your take for tonight? Oil inventories to look good?

IMO, Oil is a buy at this price $75-$80. Below $75 is even a better buy.
If over $80, with the uncertainty in Europe persisting, probably not.

I think BP may touch $45 or $46.. I'll nip some there.

By the way, I've watched Mary Shapiro (head of SEC) testified at the House Financial Services subcommitte.
They still do not know exactly what has caused the massive flash plunge last Thursday.

Perhaps the Anti-PPT sneaked in and sabotaged the market..

This post has been edited by danmooncake: May 12 2010, 09:45 AM

That sounds very risky.

I still wonder WHY the computers are so stupid to sell down a stock from US $ 40 to a penny stock.

And the systems just allowed to let it to pass through.

Something more is cooking.

Could be another fairy tale likes the Princess Diana.

This post has been edited by SKY 1809: May 12 2010, 12:35 PM

yea, i'm quite surprised till now they have no idea what happened on thursday, they should have all trade data available; order, confirmation, cancellation, etc from all the securities, shouldn't be hard to piece out what happened from those data. or maybe they know the reason, but don't wanna tell.

Come on. Not at Princess Diana's level. You need to understand how Investment Bankers work and provide liquidity in the market.

Something wrong, yes - everyone agreed but no final solid answer can be given. Do read certified professional write-up over the net.

Several factors already identified. CME did their own investigation, which shown no liquidity was present, aka no market makers in the whole system.

On any given day, there are 50 platforms from major MM (IB) to provide liquidity (buyers/sellers), inclusive ECN. However, the missing 8 minutes (some call 15 minutes) most platforms "disengaged" or "disconnected" from the market. So the market (NYSE-ACRA, AMEX, NASDAQ) don't talk to each others. So, what ever platform exist in the market, the BUY/SELL trade match.

If you have L2 quotes, you can see everyday there will be auto BUY Q at $0.01. So, shares like Exelon Corp or Accenture matched at $0.01

Does that clear enough?

Zamans!! ING posted profit! Pre-market up a lot Grats to u mate!

Whee!!! Time to unload my other half.

Thanks, but sold 2 days ago via TStop.

I short ING @ 9.00

I've sold 1/4 ING now at 9.02, leave the other 1/4 till it gets close to 50MA (9.5) or so.
I may try to short if we get to 50MA for a short bounce from the 50MA resistance ceiling.

Looks like the general market is going to nudge higher till it tries to reach SPX 1173, perhaps
by this Friday.

remaining the bear etf as it is, look at gld
nni above $20 & will ipxl / cab be joining the above $20 club
time to load up gambling position again, coz my stocks breaking out

150 points to 11,000 but if you carefully see the L2 quotes, market sentiment is weak.

ING in profit, USD175 and counting. Short all the way baby!

what happens to C? not moving..

C under pressure.. because of Morgan Stanley.

Closing update
Dow 10896.91 +148.65 +1.38%
Nasdaq 2425.02 +49.71 +2.09%
S&P 500 1171.67 +15.88 +1.37%


Wow! Looks like the bulls are back. They're hitting at the 50 days MA door already. Dow already crossed over, now waiting at S&P500.
The percentage of S&P500 stocks above the 50MA now has risen to 45% as compared to only 15% just last Friday.

TCK took a beating earlier when hedge fund sold and buy Gold (look at Gold price now..ridiculously high).
Lucky, it has recovered some.

Also, I just look at my AAPL calls purchase last week.. I'm not going to jinx it by saying anything now..
hopefully I get more good news by tomorrow.

Update:
CSCO reported earnings - beat estimates but cautionary remarks from CEO caused some sell off AH.


This post has been edited by danmooncake: May 13 2010, 06:08 AM

Yeah, C and TCK took a slight beating today. Was hoping for further upside as Dow closed positive 140+.

AAPL's looking good Hopefully 270 soon