Oh yeah, Goldman Sachs upgraded S from Neutral to Buy !

Goldman needs to upgrade C.
And C can upgrade Goldman later.

Anyway, if you all take a look at C chart. It didn't do too bad these past 3 days when the market has dropped 5%.

This post has been edited by danmooncake: May 26 2010, 10:48 AM

yeah, agreed, C is actually holding well in the storm.

But nobody dares to upgrade GS

Goldman did upgrade C from neutral to buy on the same day it upgraded S (Monday)! Hence the spike up at pre market to 3.89

We're going move north guys... all aboard!

Still riding TNA from yesterday. Just jumped in ERX premarket: 28.8.
Going to ride 3x to see how high we can go.

Oil oversold..added more UCO @ 8.90, let see if it can head back to $75 or higher later.

---

Added on May 26, 2010, 8:54 pm

Upgrade for C:
Citigroup: The financial stock is upgraded to Outperform from Perform at Oppenheimer as its large Latin America and Asian businesses leave it well positioned in coming years.

C just popped 4.5% premarket.. heading back to $4 soon.

This post has been edited by danmooncake: May 26 2010, 09:01 PM

come on C, move to 4.50$ - then all the way down to 3.30.

haha, support support, cand ome on lvs, go to 23, i'm heavy in nok. ~_~

My AAPL June 250 (in the money now) calls just soared 40%.

Update 11:50pm:
SP hit ceiling 1090. I'm out TNA 47. Waiting for dip to rebuy.

Update 2:20am:
Took profit for AAPL June 250 calls... 30% profit.. but got stop out on ERX.

Closing update: 4:05am
Dow 9974.45 -69.30 -0.69%
Nasdaq 2195.88 -15.07 -0.68%
S&P 500 1067.92 -6.11 -0.57%

The market giveth.. and taketh away.

The bulls ran away at closed and the Dow finally closed below 10K. Very glad took profits early before the big puke.
The volume is terrible today.. absolutely very few buyers.

Thursday and Friday evening probably not going to be pretty 'coz few people may want to put money in market for
the long weekend holiday.

This post has been edited by danmooncake: May 27 2010, 04:26 AM

Market seems to be opening in the green for tonight at the moment. Dow Futures up 150+. S&P Futures up 20+. Gotta get ready to short at 1100

Gonna keep a close eye on tonight's jobless claims & GDP. Might get a total reverse if things arent as good as it seems. Gotta see what CNBC spews tonight, Bear talk or Bull talk LOL.

'Thursday and Friday evening probably not going to be pretty 'coz few people may want to put money in market for
the long weekend holiday.' I agree with you that most probably people will be trying to sell before the long weekend ahead.

May the force be with us

what stock in dips now?..wanna collect more shares in portfolio

ermmm everything? LOL

are u sure???

He asked what stocks are in the dips now, I can generally say if not everything, almost? As S&P has retraced about 12-13% already. If u're considering reverse/inverse ETFs, thats a different story altogether of course.

This post has been edited by Erroralot: May 27 2010, 04:46 PM

Yes, everything is 10% or more cheaper than two weeks ago.. buy some (if you have the money).

Whether it will get any cheaper or more expensive is anybody guess.

But, the rate of getting cheaper is much slower now since the bears have ransacked and eaten quite a lot already.
The bulls should return shortly but they have to make sure the bears have dissipated first.

I'm going back into TNA to ride up a bit later. Still holding UCO.. waiting for Oil to $80. Probably a much longer time frame play for Oil. Usually summer driving season in US and the northern hemisphere will drive up usage and that's when Oil will surge up into late September.

Jumping back into to get more AAPL 250 Jul calls for another quick trade. This has been pretty profitable lately.

Update:
For those thinking of going long again for much longer term, you may wait till we clear above the 1090. If the bulls can't break through, it will fall back to 1040 to 1050 in the next day or so.

Update 10:33pm
Nice! SP500 crossed over 1090. If it can closed here, we'll get a bull flag.

Closing update:
Dow 10258.99 284.54 +2.85%
Nasdaq 2277.68 +81.80 +3.73%
S&P 500 1103.06 +35.11 +3.29%

Wow! Even better, both indexes touch the 200MA..
The rumor from China selling Euro proven to be false caused the futures to jump high premarket.
During trading day, few sellers were present all the way to close, the bulls managed to push this to touch 200MA.

Since we rallied on low volume, it is likely we may bounce off this 200MA ceiling the next trading session, perhaps use some profits taking off the table before the long weekend.

Therefore, I've decided to cash some out AAPL 250 calls for 30% profit first.

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Added on May 28, 2010, 10:33 pmAAPL stocks soared again due to iPAD sales in Europe!

This post has been edited by danmooncake: May 28 2010, 10:33 PM

So quiet this thread lately. Wondered if many already run away due to weakening market?

LVS long 200x 23.75. Hit 24.50 will sell it.

No response......

Long holiday. Not going to enter more position. I guess many of us are at loss here and waiting for our portfolio to rebound back. Hence, the quietness.

Last night closing:
Dow 10136.93 -122.36 -1.19%
Nasdaq 2257.04 -20.64 -0.91%
S&P 500 1089.41 -13.65 -1.24%

I was off last night. Looks the market gave back almost half of the gains. Kind of expecting this, traders wouldn't want to leave the money over the long weekend. Lucky for me, already sold back some calls before the last day of trading.

Next week would be interesting. Both Asia and Europe will have two trading sessions in advance before NYSE. Hopefully, they won't tank 'coz I have gone long.

Those who are going long, it's too early to catch the dagger. So i guess all hibernating, including me.

Next week would be interesting. Both Asia and Europe will have two trading sessions in advance before NYSE. Hopefully, they won't tank 'coz I have gone long.

[/quote]

why no market today?


This post has been edited by syong: May 31 2010, 09:52 PM