S almost dive to 3.2.. I guess that's close enough.
I guess S now can climb back up to 3.6

As for larger volume towards the end. not just MGM but other stocks as well..

This market doesn't want to go down yet.

This post has been edited by danmooncake: Feb 26 2010, 08:25 AM

Tonight can play again, tomorrow weekend.
Futures looks bullish again. Damn MM play this thing like crazy.

If bullish open, I'm going sell my ERX. Hopefully can get to 38.

I would buy KO at 52.

Yeah, STEC outlook is bad, therefore investors punished it by shaving 28% off its value.
Damn.. with P/E of 11. This is low.

If you got some spare change that can park here for 1-2 years, I'm sure STEC can come back,
as long it won't bankrupt.

Anyway, today the trading volume is so low..we end up essentially flat.

Dow 10325.26 +4.23 +0.04%
Nasdaq 2238.26 +4.04 +0.18%
S&P 500 1104.49 +1.56 +0.14%

I've decided to bail out from ERX at 36.40 & TGB: 4.60 - small profit.
Not sure what's going to happen next week. Holding cash for weekend is good.

Chatter on my screen: NUVA got a huge pop at mid day due to possible short squeeze.
This could go on for a few more days.

This post has been edited by danmooncake: Feb 27 2010, 07:12 AM

The futures are looking good..

but, strangely, Dollar looking strong because UK Pounds getting hammered..

AIG getting big boost...

Prudential pumping it..

You mean you didn't buy? You're the one who gave me this tip. I would have thought you gone all in.

Yeah.. anyway, X flew up already. Possibly may go back to 60 but I'm not taking the risk at 54.

The bulls are getting ready stampede tonight. The technical ceiling for 50MA has been broken.
I won't be surprise that we'll see all time high again by next two weeks.

Agreed... it does look like the bulls are tired this time around.

Dow 10405.98 +2.19 +0.02%
Nasdaq 2280.79 +7.22 +0.32%
S&P 500 1118.31 +2.60 +0.23%

The indexes went up almost 0.5% during open and gave it all back at close. A lot of traders sold
into strength today. Me included.. Took profit on my HL shares after holding for almost 6 weeks.
Perhaps wait for another dip or if this goes higher.. or short near Dow 10500 with tight stops.

If you're long, now is not a good time to buy anything.
Wait till break out or pullback.

Perhaps in couple of weeks if we break new high.

Looks like the ISM data just added more fuel to this bull rocket.

Ka-Ching!

Sold 2/3 of my TCK @ 40.15 position - being holding this for 4 weeks - $7.5K profit

Leaving 1/3 on table in case we got more room to move up..

Commodities mining stock like TCK was fried during the doom/gloom scenario last year.
Take a look at FCX (much bigger cousin of TCK), it was low 20s/30s last year too..it has more than double.

Now that we're recovering.. Dollar is dying a slow death (US Fed continued this low interest rate policy), with China importing more raw materials, investors have no choice but to buy into this commodities play.

Do be careful, commodities are very volatile. Any sudden change in monetary policy could spell doom for commodities (example: Jan to Feb: China tightening..US was thinking of raising rates)

We're in almost at upper BB now.. IMO, not a good time to buy anything now. Just wait.
I'm going to play the short game when we're at the top.

I'm not much into dividend stock like T now 'coz of the US Fed withhold rule for non-res. Not worth it.
During cheap dollar policy - I'm playing commodities and recovery stocks.

I do like car industry now.. esp. the badly battered TM.
I am holding some TM for long.. I gave in and bought some during low 71 last week.
Heck, I'm driving twelve years old Toyota now. This car is rock solid.
If TM can rise back to 100s this year, maybe I'm able to buy myself a new Toyota.


Closing update:
Dow 10396.76 -9.22 -0.09%
Nasdaq 2280.68 -0.11 0.00%
S&P 500 1118.79 +0.48 +0.04%

Whoa! The market gave it all back even after the better than expected ISM data been released...

This post has been edited by danmooncake: Mar 4 2010, 07:31 AM

Retail data from Macy and Target are good and the initial claims are only marginally better.
I think it will be a flat day again until tomorrow. A lot of traders expect the unemployment numbers tomorrow to be ugly because Jan/Feb slow growth month.

Tonight the market wants to puke..

It seems to be getting ready for a pullback. Tomorrow job numbers may start off the down cycle if this isn't good enough.

Closing update:
Dow 10444.14 +47.38 +0.46%
Nasdaq 2292.31 +11.63 +0.51%
S&P 500 1118.79 +4.18 +0.37%

It looks as if we got another push up but across my watch list of stocks majority of them in red already. The Dow is struggling very hard for past few days trying to go above 10450.. still unable to that. Not really looking good and
the bulls are really weaken. Therefore, I sold off another 1/3 of my
remaining TCK at 39.50.. holding cash is better.


Furthermore, I'm not sure if the market is going to like the job report tonight.



This post has been edited by danmooncake: Mar 5 2010, 05:41 AM

STEC flied or fried?

Speaking of flying away... check out: TIVO.

This thing blasted to the moon.

Looks like the unemployment numbers came in good.

Anyway, time to watch for dip and dive back in.

Anyone here playing tech stock?

AAPL is flying up in anticipating of the launch of iPad.
I'm holding some AAPL in other long portfolio.



This post has been edited by danmooncake: Mar 5 2010, 10:12 PM

Actually, I'm highly skeptic with that "recovering". Those manipulated govt data overly dressed up but I'm thinking market will have to take whatever it is fed on right now. The low dollar policy continues for now. VIX low, Greece will get bailed out and China tightening not too bad..

Update:
Anyway, I'm back to watching this long dreary C.
Anytime it gets over 3.45 and almost touching 3.5, I would sell it and buy back again when it is closer to 3.3 or lower.
C now is trading a very narrow range and sooner or later, I believe it will break out soon.

This post has been edited by danmooncake: Mar 5 2010, 10:17 PM