There are three major news which cause this dip:
1) Obama restricts bank to do investment in any sort. That means less cook money will be available in the market.
2) US job losses claim is higher. That means US economy is worse.
3) China tighten loan policy, which means less money can be borrowed to cook share.

Which means, money will be pulled out in very short time. The dip is on-going.

It may be the sign of second depression.. But I still believe C will survive..

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Added on January 22, 2010, 8:31 pmas you can see, US mortgage rate (15 years) is raising from 4.48 to 4.62 in one month time; means less people will afford to buy house.

This post has been edited by epalbee3: Jan 22 2010, 08:31 PM

pre-market stocks are reddish mostly. be prepared for another 3 digits negative today.

My LVS nearing my Average price. (Short). Been short since last 2 weeks.
MGM as well

Its a good time to pickup ING for long term.

Will buy another batch of AA for long term

i'm already execute the order at 3.27 for the last price at 5,000 shares of C.
It's going to be a history if we make it through this time. Good Luck.

God Bless.

This post has been edited by wildthings73: Mar 12 2010, 12:49 AM

You may be able to get lower if we get another 3 digits pullback tonight.
This is a gift for those who have been patient.

Oil finally touching $75.

This post has been edited by danmooncake: Jan 22 2010, 09:45 PM

cool, u're right. XD guess it's another 1% red today? XD

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Added on January 22, 2010, 9:46 pmyeah, a gift from obama. haha. XD

This post has been edited by AnonyNite: Jan 22 2010, 09:46 PM

Remember last year.. same thing.
Obama said how much he hated the Wall Street crooks.. guess what?
We tanked like crazy till March. Then, in March.. he said.. well, I see there is a glimmer of hope in our economy.
Since then, the market rallied like crazy.

One would think Obama and his team now are shorting stocks since we got to 10700, he's helping to pull it back..with the recent announcement, and then when it is enough, he'll go long.

This post has been edited by danmooncake: Jan 22 2010, 09:54 PM

Good, then I will let my LVS ride down. Err,some1 here was looking @ LVS for USD20.

Will re-load LVS, FUQI, MGM once reach my desired price tag.

Don't hold shorts too long. I have a feeling that we're may be seeing the last of the drop tonight.
It already been 3rd significant drop (3 digits).. I don't think there will be 4th or 5th.

Obama's plan for Wall Street scared the shits of them but this market has short term memory.
The long term trend is still up.. the bulls are still in control.

Knowing this market, until the Fed decides otherwise on their less stringent monetary policy still in works.
Next week, after FOMC meeting, we may move sideways or pop back up.

As for China, they may tighten a bit but it is not like turning off the faucet. A slow down in red hot economy in China is actually good for them to avoid the bubble being over-inflated.

Good luck!

haha. i already short too short, yesterday after buy back, straight away the index bungee jump. ~_~ k gud luck ppls. ^^

C is recovering..

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Added on January 22, 2010, 11:17 pmDOW is dipping..

It will be a long term dip.


This post has been edited by epalbee3: Jan 22 2010, 11:17 PM

No recovering on progress, all down

my STEC losses saga continues. Average @ 17, now 15.x

Reload another batch of AA : Buy on dip

Rio Tinto (RTP -2.5%) and BHP (BHP -1.3%) take a hit on talk of a possible change in Australia's miner tax

yupe..

i think it will be another week drop..

market has losen confident to new bank rules.
plus low employment rate and china loan policy...

should wait and see where is the real dip..
or will it start to bear?

Cover my short of LVS, dumped it out today. Changed strategy, will go LONG, as this is opp to buy LONG

CASH oh CASH. Where art thou?

I will also choose to buy LONG

debbie, good strategy.

My first loss this year on LVS. Never mind, revenge back!

HL cheap sale?
TCK

For non-day trader, keep an eye on URE/UYG. For URE, below 6 is a good buy for mid-term. For UYG, below 5.50

yupe.. it's cheap..

but where is extra money..?

only got during february..

Oil got to my price: $75, therefore I scored ERX: 38.80

FUQI - only 1/4 position at 17.90

Also bought another batch of TCK: 35.60
I've over 300% in TCK. I gotta to lighten this up when we get to the 40's again.

Waiting for LVS to dropped, but the stubborn traders are pushing it hard, breaking 17.20

All stocks are inching higher. We will have a GREEN close this session.

Embrace the BULL, BULLEH!!

all bulls full speed ahead! imo is just suffering from indigestion the past few days, after getting the diarrhea out the bulls will continue to run!

bought some brkb for ultra long term

Actually you don't have to cut loss 'cos it will rebound back...