Goldman Sachs Execs are currently being grilled at US Senate.
Fun to watch those suits defending themselves and their 'synthetic' products.

Watch it live here:
http://www.cspan.org/Watch/C-SPAN3.aspx



This post has been edited by danmooncake: Apr 27 2010, 10:14 PM

Here's come another chance for buying dip again. Dow -128!

Whoopie!!!

This post has been edited by danmooncake: Apr 27 2010, 11:39 PM

Yes, Greece borrowing cost has risen to 15%, much higher than Nigeria itself.
Ha! Greece is a joke. Now, they're afraid it will spread to Portugal and Spain.

Update:
I've loaded up another batch of TCK @ 40.40 and X @ 56.90.

This post has been edited by danmooncake: Apr 27 2010, 11:53 PM

What?? You're bullish now.. wow! 180 degree turn in one day?

I believe all these big banks got their hands in the cookie jar. They know about those 'synthetic' products.
They sell it anyway 'coz it was all rubber stamped by wall street rating agencies as AAA.

Goldman Sach (leader of this dirty pack) just a bit advance in their knowledge and double-hedge on the short side in 2007 and 2008.

What's the outcome if Goldman is guilty? Perhaps, they'll get fined a couple of millions here and there. That's all.
The thing that is uncertain is how the banks will be regulated. More tougher laws for them to do this kind of thing in future?
IM, already too late! But, they'll find another loophole to find and cheat more money out of the ordinary folks through another means.

I've decided to nip some BAC here at 17.50 as well. Perhaps just park it here for a while.

---

Added on April 28, 2010, 12:46 amThat's odd.. I thought you wanna to see green. You're bearish again?
I'm really confused.

That's 360 degree in one..da..errr. I mean.. ok 4 hours.

Psst.. don't watch C. Watch LVS. This thing is pretty resilient.

This post has been edited by danmooncake: Apr 28 2010, 12:48 AM

Oh by the way, last chance to get some TCK before it heads back to 41.

This post has been edited by danmooncake: Apr 28 2010, 12:55 AM

IMO, ABK play for me is game over. This was just a speculative 'goreng' play on that 'lucky' day only.
Not worth the time or pennies on this thing.

Better put money in C or other financials than ABK.


Closing update (5:28am)
Dow 10991.99 -213.04 -1.90%
Nasdaq 2471.47 -51.48 -2.04%
S&P 500 1183.71 -28.34 -2.34%

Wow! I walked away for a quick break and come back 1hr later.. another -3 digits. much deeper than I thought. We're finally back below 11K. We didn't get a -200 points pull back since Feb correction. It certainly looks like another one is coming.

This post has been edited by danmooncake: Apr 28 2010, 04:40 AM

No doubt, we'll get a bounce up tonight but I'll sell into this bounce.

Here's the thing. Market has been up over 5% since last high in Jan and we reclaimed back over 10%
since Feb low. The current issues on Greece, financial reform and potential China are just as
good enough excuses as any to take money off the table now.

I think we may close in red today as the internals are weak and may accelerate soon.

Time to close some positions that are still green or at least put trailing stops in there.

Update: 10:20pm
Ok, I took a bite at STEC @ 15.40. I've looked at STEC and despite yesterday selloff, STEC remains pretty strong and bullish. If the market turn upside, I think it will run up.



This post has been edited by danmooncake: Apr 28 2010, 10:24 PM

You're kidding me. Which Technical Analysis said Dow will be up 150 points?

The market feels like selling off. Put your stops in place now!

I think ING may retest Feb low soon. I may queue for 8.2 for fun and profit.

I just took a peek at the internals.. advance/decline ratios are dropping, percentage of stocks above 50MA are dropping to 75% from 78%, and VIX has climbed. I think this pull back hasn't bottom yet. Funds still want their money off the table.

But, if you're longer term player, the market IS still bullish. Look at those good stocks and if they're battered during this time, time to get some.

I'm waiting for CSCO to pull back a bit more.. perhaps below $26.80 to increase my position.

Something strange going on.. everytime there is dip on the S&P, huge block of BUY orders came in.
Someone is manipulating again..

Damn those PPT and Bilderberg group

Closing udpate
Dow 11045.27 +53.28 +0.48%
Nasdaq 2471.73 +0.26 +0.01%
S&P 500 1191.39 +7.68 +0.65%

Here's what they gave back today.. not much but I guess its' start.
Blame the PPT and Bilderberg, they don't want this market to go south.
But, I'm sure one day, they'll be exposed!

This post has been edited by danmooncake: Apr 29 2010, 04:09 AM

AIG is more volatile than 3x ETF.. still not dare to touch it.

Btw, anyone bought PALM? Now, HPQ owns it. But, I pity those HPQ shareholders.
IMO, PALM is old skool now and a losing money proposition for HPQ. Not sure why they even want
to buy Palm.

Great! Now we can finally short ourselves.. 3 times leverage too.
On more serious note, since if they plan to base this on EWM as the base index,
it might be better to stay on the long side.

As for Indonesia.. yeah, their market has risen over 100% in the past year. Their bubble is getting bigger but their market size is still way smaller compared to other more mature market. Could be pretty volatile too even without the 3x factor in there. It could be interesting to see how it works out later.

This post has been edited by danmooncake: Apr 29 2010, 08:44 PM

Nice bump for FSLR..

Looks like other Solar related stocks (TSL and STP) are riding on this as well.

Wow! TCK suddenly turns ugly after taking out my stops at 41.
Going to see if there's see a bounce play.



This post has been edited by danmooncake: Apr 30 2010, 12:35 AM