Got more C again tonight at 4.05. Once it hit at 4.35 or higher, I'll Q to sell again.
C seems like easy money now because it just plays around the channel: 3.95 (low) to 4.40 (high), until it breaks out.

---

Added on April 2, 2010, 12:07 amPsst.. F(ord) chart has a bull spinning top now, with a support at $12.21 @ 50MA. It touched intraday low at 12.42 yesterday, hence I decided to nip some yesterday with my auto Q to buy. I think F can move back up to $14.
It seems like a winner now. Good luck!


Also, I've looked at my TCK position which I started again just last week. It has raised over 18%.
A much better performer than 3x ETF like ERX. This thing is beautiful. I'll add more if we get another pull back.
Commodities are hot again.




This post has been edited by danmooncake: Apr 2 2010, 12:17 AM

Well, tonight - the unemployment rate stays about the same for month of March: 9.7% like in Feb.
But, US employers added about 162K jobs (below 190K as expected). US census bureau added 48K jobs.
The private sector added 123K jobs - which is a good thing.

IMO, the jobs growth is very anemic despite massive govt stimulus spending. Overall, this isn't good for longer term.

It is anything goes on Monday. I would be watching for China and HongKong and see how they react.

AA ?

Good luck with ERX trade. Remember to put a tight stop.

C - nice move huh? Buy, wash, and rinse again. I think C will eventually hit $5 but
let's hope it will break above $4.5 first.


By the way, I like F(ord) today. Look at the daily chart. I think it has some upside move here.

This post has been edited by danmooncake: Apr 5 2010, 09:14 PM

Owning some AAPL since last year but not trading it.

IMO, price to high now. Don't chase. Let it come to you. AAPL will eventually go to $300.

For tech stocks - I'm seeing CSCO pulling back a bit from last week high. I'll be getting some back here shortly.

Good luck!

This post has been edited by danmooncake: Apr 5 2010, 09:53 PM

The crazy bulls are beating at the 11000 door. Wanna to crash it open.
It is going to happen..

But, I'm waiting at the sideline. Not going to chase stocks at the moment. Just let the longs ride.

This post has been edited by danmooncake: Apr 6 2010, 02:07 AM

No, infact TCK got more good news. TNA is just ETF riding on 3 times of small caps. All small caps will rise with the market.
Don't short them at this time.

The big boys in control are whispering that they want the market to go higher.

This post has been edited by danmooncake: Apr 6 2010, 08:35 AM

I think with TCK, everything will be positive as long as metals commodities doesn't tank. The risk is if recovery gets stall or if China decided to stop buying raw materials. Price target varies differ from one investment firm to another: 45 to 65. For 2010, I think it can see at least $55 and also talks about reinstating dividends (this doesn't matter to us).

Tonight - Market pausing and pulling back a bit. Oil all time high for 6 months: $86. This is crazy. They want Oil to go $90. I'm not buying it. Time to take some profit if you're riding it from $80.

This post has been edited by danmooncake: Apr 6 2010, 08:36 PM

Here's how I play this. I don't care if the Ringgit strengthen against the Dollar because I'm keeping majority of my liquid asset out of Ringgit denomination. Infact, I take this opportunity to unload my Ringgit and move more to USD. Then, use the USD to buy more equities and play some commodities.
Only when Ringgit weakens, I convert more USD to back Ringgit.

Same goes Euro.. now it actually good time to buy more Euro (if you're currency trader).

China doesn't have to pull out the interest rate big gun yet. I think China will move to allow their 'Renminbi' to "managed" float first - something that they've stopped doing two years ago. This will allow their currency to appreciate more.
China will most likely follow US, if Uncle Ben and his team says time to jack up 25 basis point, China will follow.

Meanwhile, China also wants to find a place unload some of its 2 trillion USD in treasury and park it somewhere safe.
So, watch where China is investing, that's the place to be.

For US jobless rate - the true rate is about 15%-16%. In some cities, the unemployment is already at 18%.
This will cause all sorts of problems later. The market is ignoring the true nature of unemployment (so called "lagging" indicator). US govt is hiring a lot of temps during census period and private sectors are only hiring few.
By the 2nd to 3rd quarter, if we continue to see layoffs, more foreclosures in real estate market and no better consumer sentiments, the market will sink to reality. IMO, a lot of stocks are overvalue now. Be very careful of going all in. Good luck!

This post has been edited by danmooncake: Apr 6 2010, 10:54 PM

Epalbee: Who's your broker now and how much do they charge?
Don't just look at the rates, but also its tools (very important) and service (online transfer, etc).





This post has been edited by danmooncake: Apr 7 2010, 05:36 AM

I'm using TD Ameritrade and ScottTrade now

TD Ameritrade: $10/trade, no limit, no monthly fees. Excellent Tools - realtime charts, pattern mapping, level2, back-testing, etc. after hours, money market for unused funds, options, margin acct allows you to hold long and shorts.
ScottTrade: $7/trade, no fees, ok tools but nice realtime view, level2 - extra fees, money market for unused funds, options.

Online transfer = ACH funds transfer to another bank.

Recently, just opened an account with MBTrading (much cheaper) but - haven't checked out all the features yet. I think Zamans using this one.

This post has been edited by danmooncake: Apr 7 2010, 10:43 AM

LVS at 23.xx is already at top and almost near 52 weeks high. How much higher to go?
I think going down is better for reload.

Sure like to see LVS back 19 at least, and I'll nip some.

Some brokerages also have that min. balance. Usually, what they meant is is not cash but total equities (cash+stocks) value. If you have $10K and even if you use it all to buy stocks, and long as your total equities value doesn't fall below $2500, you'll be ok. Otherwise, I think you'll be charged a service or maint fee.

Update: 3:12am

Market decides to puke out 3 digits at midday trading.. nice!
Dip buyers, get ready!

Closing update
Dow 10897.52 -72.47 -0.66%
Nasdaq 2431.16 -5.65 -0.23%
S&P 500 1182.44 -6.99 -0.59%

Zamans - Just saw the newsflash popped on my screen for FUQI. They got the delisting notice from Nasdaq.
But, their CEO immediately responded. Hopefully, it will be good news later with the earnings announcement later.


This post has been edited by danmooncake: Apr 8 2010, 05:20 AM

Seems like a small minor correction this week has started. Number of puts vs. calls ratios have increased.
Well, I'm all for a bear wake..

This is in. Jobless claims up 18K+ this week. Oh yeah, we're going down, baby!
South bound train here.. choo choo!

Actually, no.

I'm on the bull side. Buying pullback. I'm watching Oil. Oil is lagging behind and this pull back to $85,
perhaps giving me another opportunity to scale in some of the Oil services sector.
Looking at ERX and KOG. KOG has a breakout two days ago, pulling back a bit today.


This post has been edited by danmooncake: Apr 8 2010, 08:59 PM

I hope to see 38-39. Depends on how it moves today. If we get more than 5% drop, definitely buying 38 would be better.

Update:
Hmm.. come of think of FXP. I may want to keep an eye out for some Chinese related stocks too - particularly FXI (bull side).
The currency move may have some negative effect on Chinese stocks. Getting some FXP at this level (low 7) could be a good bet but bear move is usually short term only.

Ohh.. gotta short this baby. Let it hit $15. I'm in.

Looking at the 15 mins chart, MGM looks like a volatility squeezed up from yesterday low.
Hence the sudden pop. I think it won't last. I'm sure the holders want to take their money and run later.
Anyway, the market seems to be coming off its low heading towards neutral. Dip buyers are hungry.

I bought another batch of F @ 12.35 (for core portfolio) during the dip.

This post has been edited by danmooncake: Apr 8 2010, 11:49 PM