Wait until someone issue the little blue pills loh... FED? China? Anyone?

don't dare to see my portfolio, will check when market is greenish again....sigh....what a lousy day for most of us...

My portfolio everyday down by about 700 USD. Now, see oso no mood.

buy buy buy... its time to be greedy!!

Playing bear now and should earn some money today..

There is no support there until below 10k..

can carefully ride the bear boat..

Getting closer guys, be patient.

free fall...

Ok, SPX 1100 is here. I'm out VXX for now (31.24), nice profit.
I'll watch for the uptick.. I'm going get some me SSO (2x) or UPRO (3x) for small bounce play.

Update 12:10am:
CAT hit my buy price $59.50..added some to my long portfolio here.

Got some LVS @ 20.90, for swing play here.

C - holding the line here @ 3.8..not going down.

Looks like I just missed STEC by a few pennies.. hey STEC come back down to $12.

This post has been edited by danmooncake: May 20 2010, 12:23 AM

Seems like this is the long waited double dip.

I have to keep my bear running until target price..
good night..

Yes, if you're waiting for March 2009 low.. going to have to wait for a few more months.
We need more than Europe issue to take us back to Dow 6500.

Now, just enjoy sight seeing..if you riding this train. It is going to make some turns and climbs higher first before the big plunge towards the end.

Update 1:21am
Still red... but
Dow gave back 120 pts (10,446).
SP500 gave back 15 points (1115).

Closing update:
Dow 10444.37 -66.58 -0.63%
Nasdaq 2298.37 -18.89 -0.82%
S&P 500 1115.05 -5.75 -0.51%

Not as bad as it first did during opening.. SP500 finally touched 200MA and bounced back up 15 pts.
Dow however closed with a very inauspicious number (10444.37).

Dow still yet to see 200MA, perhaps tonight or Friday evening.

This post has been edited by danmooncake: May 20 2010, 05:30 AM

haha.. i think tomorrow will still be dip, as can be seen is asia and europe futures, all drops like 2%.

still riding bear boat, but slower now.. but I see no support any where yet..

Quite impossible to have some good news at this point. May be have to wait for China to say something?

Still riding TZA and SDS..

Feel that SDS is 2x, slower; TZA is 3x and faster..

Have been playing index rather than individual stocks now..

I will short until signal reverted.. but i do not see bull signal anywhen soon.. just be careful and set the stop point properly..

Once the bear continues for more than a few sessions, it is really hard to turn it unless some big guys come out with some good good news..

I am bear all the way until end of the week.. Any recommendation which one to short?

I think you'll do all-right with those two. They're quick and fast. For 3x bear S&P500, try SPXU. But, I find SPXU not as accurate.

Also, check out VXX which is the $VIX that I've mentioned. $VIX goes up, means SELL!

If both S&P and Dow cannot hold their 200MA tonight, we will see a HUGE leg down.
Yes, being short is the name of the game and the new LONG!

Have fun being a bear! Growl!!

those who ride bear now.. enjoy tonight..

I'm here.. riding VXX again and selling covered calls.

Update: Futures just drop another quarter leg after jobless claims came in worst than expected.
http://finance.yahoo.com/news/Jobless-clai...n&asset=&ccode=



This post has been edited by danmooncake: May 20 2010, 08:43 PM

bloodbath everywhere. With very bad data, means trouble for DJIA.

-170 and counting.

Possible a good buying opportunity for AMAT - they've good numbers after earnings yet they're taken down
with this wave here.

This post has been edited by danmooncake: May 20 2010, 09:07 PM

Anyone using CIMB trading? I cannot find the ETF. Any idea?

Found the answer: Call their SG office . No lousy.

This post has been edited by GregPG01: May 20 2010, 09:40 PM

The German legislatures trying to "control" the market by banning naked short selling and saying the market is "out of control".

The answer from the market to them is: SELL!

Hahahaha, it's going insane! More VIX calls tonight! Sensing a -200 drop at least!

If AAPL breaks down all the way to 235, I think that's a pretty good buy for long term or for the bounce Next week, iPad goes international! WWDC is during the first week of June!! Lots of cool stuff coming out then too!

This post has been edited by Erroralot: May 20 2010, 09:29 PM