Btw, what is up with Hang Seng anyway? Everyone there afraid of the clamp down in properties
by the central chinese govt?

They've nothing to worry about. Eventho their currency appreciates, we continue to buy their stuff
anyway 'coz they making everything already. Can't shift manufacturing elsewhere and tons of MNCs already
invested in China and they have the largest number of factories.

Get both.. FXP for short-term play, TCK - buy the dip and keep it, sure to profit later.

Market is pulling back tonight... Europe, HK HangSeng and China, all down.

Let see if our fav stock C can pull back to 4.5 today (which may require the Dow to slip below 11K).
I'm sure they be plenty of dip buyers by then.

This post has been edited by danmooncake: Apr 22 2010, 09:27 PM

Looks like you may have got it!

Looks like support is at 4.77 tonight. But, I sure like to see Dow dip below 11K below before buying anything at this time.
Euro/China/Greece and Obama "I-ready-to-bash-banks" is about to take another start.

You're right.. another boring night here at work as well.

Dow needs a -3 digits pullback badly. Bears are weak.

Wow, STEC had a volatility squeeze last week. What a pop..
I don't think this uptrend move is done. You may get your 17.40 back shortly.

Instead of a time frame (like end of the year), perhaps have a price target price in mind to take some profit.
It is difficult to predict whether the market will be up or down at the end of certain time period and
you certainly don't want to sell during time when market is down.

Just my opinion, that's all. Good luck!

Just a few bears just came out and took a peak at what's happening.. but not yet bear season.

Ok.. Dow went over -103 pts and S&P -12 now but majority of the stocks that I'm watching still pretty strong.

C didn't even go below 4.77 - damn bullish..

News break:
1:24AM Teck Resources announces resumption of dividend at an annual rate of $0.40/share (TCK) 41.88 +0.15 :

Just watch this move to the upside!
Don't I say I didn't tell you guys about TCK, ok?

You may have to pay $50 for it by next month.

---

Added on April 23, 2010, 3:27 amWhat?? No.. market still is very bullish. Plunge to death is like last year March.. not now.
This is just a small hiccup, burping and has to let go some gas after eating too much.

This post has been edited by danmooncake: Apr 23 2010, 03:34 AM

Closing update
Dow 11134.29 +9.37 +0.08%
Nasdaq 2519.07 +14.46 +0.58%
S&P 500 1208.67 +2.74 +0.23%

Looks like we have a reversal from Dow -3 digits by mid day. The bears were out roaming and checking things out, and got trapped by bulls. Bulls pretending to be asleep only, and came charging back and stampede them.

Actually, Obama decided to tone down his rhetoric's and Wall Street just turned deaf to what he has to say.
Profits are more important. Goldman's case - probably going to end up with no case here.

Well, as for TCK.. All I can see now is another serving of shark fins soup for me this weekend.
Perhaps I try that with Beluga caviar on the side.

This post has been edited by danmooncake: Apr 23 2010, 04:15 AM

Well, the market kinda look toppish. Dow went to 11180 and came back down again.
It needs to close above 11150 in order to remain bullish or breakout.

For scalping, perhaps you want to look at shorting.



This post has been edited by danmooncake: Apr 23 2010, 11:30 PM

Closing update
Dow 11204.28 +69.99 +0.63%
Nasdaq 2530.15 +11.08 +0.44
S&P 500 1217.28 +8.61 +0.71%

Market was so bullish tonight... here's a small recap.
The new home sales in March, up 26.9%, 411K versus expected 330K. Supply dropped to 6.7 months
from 8.6 months (in Feb). That caused a major move in energy sector itself. Energy stocks (mostly Oil and
Gas services companies) moved up. ERX moved up big to 52 weeks high - closed at 48.36.

C - not much movement tonight.. just sideways within 10c boundary. Probably have to wait till next week.

Good, $4.0 to $4.5 can happen. Wait for lowest possible to get some!

Guys - watch Zaman's fav stock today: STEC <-- I think it is continuing making its upward move.

This post has been edited by danmooncake: Apr 26 2010, 09:25 PM

Hey M.Froggy... have you been waiting on sidelines? Did you get some X when it was 56 last week?
I think it is making its move up now..

Also, CAT is making $22 move since Feb 8th low. What a monster!

This post has been edited by danmooncake: Apr 26 2010, 09:45 PM

Be careful with MOS, it is breaking down below 54.39 (200MA).

This post has been edited by danmooncake: Apr 26 2010, 09:48 PM

I'm going to try to scale in and get some more C at around 4.5, 4.15, or possible 4.

Financials maybe in trading channel range for a while. It already in upper band, let it come down a bit and buy the dip again. Don't worry, US govt won't destroy them, just want to continue to punish them with more rules because of the meltdown since two years ago. Play others while we wait.

This post has been edited by danmooncake: Apr 26 2010, 09:54 PM

We've broked out from 11150 last week and gapped up hight to about 80+ pts. Closed to 11250 is another resistant level because of closer to 5% gain from Jan high. The S&P already reached target 1215 already - now at holding pattern until Dow catches up. All algo technical trades for now.

Market now is looking for a reason to roll over and go back down. That reason really hasn't appear yet.
Bears are watching at sidelines and standing by.. let's watch and see what happens.

Closing update
Dow 11205.03 +0.75 +0.01
Nasdaq 2522.95 -7.20 -0.28%
S&P 500 1212.05 -5.23 -0.43%

This post has been edited by danmooncake: Apr 27 2010, 04:34 AM

Anyone still holding LVS from $16? Man, this thing flew away.
A pull back to low $20-$22 later, I think will present an opportunity to buy.

---

Added on April 27, 2010, 9:47 pmWaahh. so bearish.

This post has been edited by danmooncake: Apr 27 2010, 09:47 PM