reached 3.90. Fark. Not only C down, most giants are down as well. GS, WFC, JPM, and popular BAC. I have no idea weather need to average or leave it.

Day low at 3.85, I consider going in...

any idea whether etf is available in cimbinvest?

ETF? CIMB? Not sure.

Which ETF u;re looking at?

haha, searching...
any recommendation? financial related?

We may have another dip today... the majors are weak. Gold and Silver selloff continues, dollar strengthening another notch.
If you're long and up, sell this pop and buy at lower level.
If you're short, it may too late to try it at this level. Use caution.

my favorite:

Financial : UYG
Properties: URE

Its 2x ETF, sometimes with good swings. URE breached 6 and staying there, biggest underlying stock is SPG.

UYG : Underlying are: GS, JPM, C, BAC.

UYG looks delicious now. Good entry 5-540's

Banks are in trouble again.. the Dubai issue seems to be trickling to Europe now.
US banks are hardening their credit again.

Set your eyes on S&P 1080.
Go long and buy some if we dip down to this level.

since seldom trade, only have account with cimb.
no point even if counter look delicious yet cant enter.

Tanking agan..

all bears will followed by a bull...

You can't buy ETF's using cimbinvest. You'll need to call their nightdesk to place your order. Kinda sucky since they charge so much for the brokerage fees.

higher than what they r charging me for the online services?
shit, they have been charging damn high fees.

Is Hong Leong or Maybank provide a better (= lower) brokerage fees?

And... it touched 1086 and rebound..

Did you all get some? I did..

Bought another batch:

250 ERX 35.80
1000 TNA 36.50
500 TCK 32.85




Update: 11:58pm
Sold 1000 TNA 37.50

Quick $1K profit.

Looking for re-entry again if we sell later in afternoon.

This post has been edited by danmooncake: Dec 9 2009, 11:59 PM

wow,congrats. Ur popular ETF = TNA and ERX..

mine holding tight with LVS, hope to HEDGE against the heavy losses of C.

Yes, those are two most predictable 3x ETF for now.

I'm holding some C too, but not too worry about it.
If it drops to 3.75-3.80, I'll buy another batch.

LVS almost drop to my BUY price again (below 15).

Update 12:46am:
Don't want to be greedy. Sold 1/2 position TCK@ 34.25 for small profit, still holding the other half.
Market losing strength, I may rebuy at lower price.

Update 4:00am
Bought
500 TCK @ 33.60
1000 TNA @ 36.60
250 ERX @ 35.05

Update: 4:48am
Sold
1000 TNA @ 37.70 (~ another 1K here)
250 ERX @ 36.07 (~ small profit.. 0.25K)

Still keeping TCK.. I love this roller coaster!

Update: 4:50am
Bought 500 C 3.80 It hits my price, therefore I'm nipping it here.

Closing Update: 5:20am
Dow 10337.05 +51.08 +0.50%
Nasdaq 2183.73 +10.74 +0.49%
S&P 500 1095.89 +3.95 +0.36%

I'm not sure what causing the volatility today but we have crossed from green to red to green again..
Today, has been good day for me. I'm 2K+ richer. Thank you Mr. NYSE.

This post has been edited by danmooncake: Dec 10 2009, 07:23 AM

DMC, nice profits there
So easy gain. Click here and there, can earn USD2K++ dy..lolz

News from Citi:
Citi could sell $20 bln of shares soon: report
On 5:52 pm EST, Wednesday December 9, 2009
Buzz up! 0 Print.Companies:Bank Of America CorporationCitigroup, Inc.Goldman Sachs Group Inc.
NEW YORK (Reuters) - Citigroup Inc (NYSE:C - News) plans to pay back TARP by raising money in an equity offering that could be announced as early as Thursday and could be some $20 billion, television network CNBC reported, citing sources.

No wonder my GS climbed almost 3% yesterday nite. Go Go go..
Year-End bull..haha
Just wait for next Wednesday FOMC rate decision. If Fed continue to suppress the interest rate, equities may have small rally..

looks like a recycle news, something injected to support the dropped in C and GS.

GS and AAPL is the most favourite/darling stock of NYSE according to a poll run by CNBC

DMC, congrats. I was in dreamland when you make $$$

Guys, not so easy-lah..

I had to glue my butt to the seat and sit in front my 4 big screens monitors.
Hardly take a break.. didn't even had my midnight snack.

If you saw the chart for TNA, it oscillated from
top of the Bollinger Band to bottom almost 3 times today..

I was afraid to let go and if I did, I would have missed it.
Anyway, I guess I was lucky today. Phew!

Just took my last call and signing off work now.

Going for my afternoon nap and coming back again tonight after 9pm.

dunno how u managed ur time. I cannot take a nite job. Too tiring for me.

dun forget to add - the adrenaline rush during the day. The feel! Like drugged ... especially on a volatile stock like 3x ETF!

C was 3.85?

Same as me too. Day need to work as programmer.
Night become part time trader. If want me to stay whole night watching stocks, i think my life will shorter 10 years.
Earn so much money also no use, no life to spend on it..haha.

Citi been consolidating for quite long time. I think it is just waiting to climb.
Been steady around 3.70 - 4.20 for many days. (7 weeks)