That's really up to you. It is a difficult decision - ie. when to sell stocks. As long you're not being too greedy, imo no profit is bad profit.

China bubble is growing.. inflation everywhere, but whether it will burst or not - it all depends. Their govt is hell bend on controlling it now. They've injected too much liquidity, now trying to pull it back. Sooner or later, they'll have to pull out the interest rate machine gun and fire it. Their equity market will fall. Same like US but at least it can control inflation.

This post has been edited by danmooncake: Mar 26 2010, 09:34 PM

Waiting for it to least drop to 34/35. Oil and energy sector not moving at all. Natural gas is in the dumps. Just look at UNG.
Close to 52 weeks low, and it'll gets worse when the warmer weather hits US.

I'm doing the reverse. I'm long FXP (which means short China).
I've bought XPP earlier to hedged up because crazy bull wanna to kill bears at open and try to reverse FXP gains from yesterday. Now, XPP got stop out at 66 (looks like bulls got cold feet at mid day). Small profit only and I bought more FXP at 8.3, thus lowering my cost average to 8.35 for this round.

Hopefully, I'm right by next week.

Good luck to all.


Closing update (5:05am)

Dow 10850.36 +9.15 +0.08%
Nasdaq 2395.13 -2.28 -0.10%
S&P 500 1166.59 +0.86 +0.07

Just logged back into my screen and found some green has turn red and red stays red.
I guess the bulls aren't convinced they can go higher right now. Perhaps they should stall and turn back down.

Still positive for my short positions.. will hold on till next week.

This post has been edited by danmooncake: Mar 27 2010, 05:09 AM

C may see $4.5 by end of this week if this crazy rally continues.

Looks like China is on upbeat move again.. oh well, got to wait this out.

Energy sector may get a boost if Goldman Sachs upgrade 'em.

Problem is dollar has been high since last wee, so difficult for Energy price to move higher.
Only if we see Dollar moves down, we can see energy prices rally up.

Yeah, I'll be watching ERX/XLE/OIH and Crude Price and Dollar.
Hmm... suddenly, Europe (FTSE) is tanking.

Anyway, remember guys, the big numbers (employment coming this Friday evening). Whether bad or good, but we won't see any
of the effect until next Monday morning because - stock market close for Good Friday holiday in US.

This post has been edited by danmooncake: Mar 29 2010, 09:23 PM

Same here.. Sold 4.38 at open with trailing stop. Wash it and rebuy back later.
Easy money while it is volatile..

This post has been edited by danmooncake: Mar 29 2010, 10:45 PM

It depends on who you talk to..for some BUY and HOLD for the last 10 years.. it broke even.
But, if you bought and hold only since last year during the worst dip in March. You probably gained 40+%.


Closing update:
Dow 10895.86 +45.50 +0.42%
Nasdaq 2404.36 +9.23 +0.39%
S&P 500 1173.22 +6.63 +0.57%

Amazing.. another new high in closing. This bull not giving up at all.
Today, finally, we see commodities rallying - Oil and Metals (Gold, Copper, Silver).



This post has been edited by danmooncake: Mar 30 2010, 05:11 AM

Bought more FXP: 7.80.

No, I'm just going against the grain now, playing a bit bear - since stocks are too high now.
I'm hoping we'll pull back to 10700 before going to 11000. But, I may get stop out.

Q to buy C: 4.05

This post has been edited by danmooncake: Mar 30 2010, 11:11 PM

Update:
Got C @ 4.05.
Will wait to see if can sell @ 4.35 or higher, or buy more later if lower.

Closing update:
Dow 10907.42 +11.56 +0.11%
Nasdaq 2410.69 +6.33 +0.26%
S&P 500 1173.27 -0.05 0.00%

Market taking a break today..

This post has been edited by danmooncake: Mar 31 2010, 04:25 AM

Good. I can see FTSE Xinhua China25 is down 42.08 (-0.23%) only. well, if Dow or S&P follows through with small pullback and if FXI pulls back, then FXP will rise.

This bull market has been pretty strong. On the technical chart, China market is bearish with 50MA already crossing below the 200MA but their govt keeps the money flowing.. just like US. Bears have to play short term only.

As for C, if it pulls back below $4, I'll buy more... gosh. just two months, I was under water, now, I'm playing C with the house money.

This post has been edited by danmooncake: Mar 31 2010, 07:40 PM

There are some of us play that. Sometimes I buy PUTs for hedging down.

---

Added on March 31, 2010, 9:39 pmYou sold half C at 3.35 a few days ago? If so, next time don't sell your C in open market.
I'll happy to pay you 3.5 for it. 15c extra for every shares you have.

This post has been edited by danmooncake: Mar 31 2010, 09:40 PM

Good luck, but I wouldn't chase it.

The next down cycle - US States in Debt Crisis:

http://finance.yahoo.com/banking-budgeting...g-to-camouflage

Yeah.. we can buy California and New York cheap.

LOL! Nah.. he said it was a typo.

Anyway, tonight pullback is lame. Most commodities stocks (Oil, Metals) aren't retreating.
The dip buyers are supporting it. Infact, some went higher.

I wouldn't be surprise if we close green.

No ERX for me this time. This thing isn't moving much.

F (yes, Ford) looks attractive now. Bought some at $12.55 with stop at 12.20.
Looks like a sudden huge plunge tonight but quickly corrected. Must be some error.

Update: 12am
I'm out: FXP 7.85 (small profit) Market's coming back.. will try again later.


This post has been edited by danmooncake: Apr 1 2010, 12:00 AM

I think so.. the dip buyers were standing by. Bad unemployment jobs and manufacturing report doesn't scare people enough to sell yet. We may not see real dip until the Fed unwinds its liquidity from the market - ie. Interest rate.

Are you still in FUQI? I don't think this thing will move until they report on their "actual" earnings.

This post has been edited by danmooncake: Apr 1 2010, 12:35 AM

Watch C.

Closing update: 4:11am
Dow 10856.63 -50.79 -0.47%
Nasdaq 2397.96 -12.73 -0.53%
S&P 500 1169.43 -3.84 -0.33%


Wow... nice. I guess that's a good start to give back some. The bulls can't win them all, right?

The bulls are getting another push up. Initial claims are down.. even if jobs report are bad, it won't see any effect until Monday.

Anyway, I think Dow 11000 can be reached by next week. Don't short now. Wait.

Try Yahoo Finance (free). You can enter your buying price and it will track it for you. Not real time but 15 mins delay and closing price should be good enough.

This post has been edited by danmooncake: Apr 1 2010, 09:09 PM