Been working night for years now. No issue. No choice since my customers are all US based.
Otherwise, my team and I would not have jobs. I'm lucky that my employer allows me
to process trouble tickets and day trade at the same time.

Anyway, C dropped to 3.79 the last 5 mins. I saw it dived, so I scooped some up @ 3.80 to average down.

For C, the swing trade has to play out longer.
Since BAC is getting back its feet, I'm sure C will be next. Gotta be patient there.

I'm getting tired now. ... Talk you guys tonight.

This post has been edited by danmooncake: Dec 10 2009, 10:25 AM

MGM is tanking..

very tired after work.

I dun care, if MGM not drop below 9, I am not selling..

bought x 200 @ 9.99, x 200@ 9.85. I have faith in LVS and MGM. TP: 11

Reload LVS x300 @15.35 , TP 17

have checked. cant buy etf vide cimbinvest.

already own 300 bac and c, plan to hold for long term.
if i were to choose between rbs and mgm, which is the better option, perhaps short to medium?
rbs has been dropping for the past few months, worse even after dubai's news...
mgm? since dont put all my eggs in all financial shares?

MGM or LVS. Avoid Financial counter for now. I hold 3,000 C, now lose almost 20% of the value.

I highly suggest open an account with J2trader or Sogo. Cheap rate, easy monitoring n management. But then again, its your choice and money.

how to transfer monies there / back? how long it takes?
know cimb's brokerage fees going to cost me a lot.
but i hardly trade, hvnt tried cimb even account opened early this year.

via TT/wire, use CIMB or HSBC for wire. Normally receiving broker banker will charge USD25 or 85RM for the funding fee. Same fees apply for transfer out.

Unless u have US Bank account, it is cheaper.

The fees you only paid once. Dun worry about the exchange rate, now USD /MYR is low, so grab the opportunity . 3.35-3.40 is a good rate.

8:30am EST US Jobless Claims: 474K. That's UP from prior: 457K

but... the 4-weeks moving averages are lower: 473.75K (as opposed to 481.25K), therefore
market is interpreting this as good news.

Less employers fire people during holidays seasons.. infact more temp hiring, dollar slightly higher.
VIX low, Oil back above $71 and S&P above 1090. All is calm and buyers are returning.
Let's ride this up!









This post has been edited by danmooncake: Dec 10 2009, 09:58 PM

can ask some stupid questions?

there is market order and limit order, which one should i used?

if i want to buy ABC at 10 and not willing to pay anything more than that, i should use limit order?

tks

market order is the bid/ask price. Say 10.00 (buy)-10.01 (sell).
Im market order, your buy price will be 10.01

yes, use limit order for set price, say 9.90. etc

Typically pretty fast, I normally use Public Bank and the receiving bank charges 15usd and the money gets there that night itself.

---------------------------------------------

Queue to buy MGM @ 10.86 and C @ 3.84
Let's see if can get it or not.

This post has been edited by miuk: Dec 10 2009, 11:42 PM

10.86?

I'll be happy to sell to him at 10.86!

Anyway, for me 9.50, not a penny more. Mari mari, come to papa!

Haha, typo. 9.86.

Phew, actually thought i made a mistake keying in the order, had to go and double check it.

---------------------------------------

Guys,

Any idea whats the story with CIT Group?

CIT is now back trading on the NYSE after emerging from brankruptcy @ 26 dollars

As far as i can recall

CIT - 80 cents then declared brankrupt
became CITGQ trading for like 20 cents
then now become CIT again for 26 dollars??

This post has been edited by miuk: Dec 11 2009, 12:28 AM

Sold 250 ERX @ 37.50, still got 250 left.
Let see how high we can get..

Come'on Dow.. attempt another 10500 will ya?

Closing Update 5:08am

Dow 10405.83 +68.78 +0.67%
Nasdaq 2190.86 +7.13 +0.33%
S&P 500 1102.35 +6.40 +0.58%

Not a rally today, just a slight push up.







This post has been edited by danmooncake: Dec 11 2009, 07:13 AM

CIT? wow +13%.

Base price : 25.50$. It is a reverse split.

Sold all my ERX 37.80.. Oil price has weaken (below $70).

Waiting for down cycle and rebuy at lower price.
The bulls are getting tired.

yeah, the BULL is tired for now... move it biatch..

Closing update (5:10am)

Dow 10471.50 +65.67 +0.63%
Nasdaq 2190.31 -0.55 -0.03%
S&P 500 1106.41 +4.06 +0.37%

We closed up, but the bullish strength certainly has weaken 'coz we're close to the top again.
I've closed out all my 3x positions. All cash for the weekend. But, still holding non-3x longs like TCK, C, etc..

You all have a good weekend!

This post has been edited by danmooncake: Dec 12 2009, 05:13 AM

feel like selling all shares in klse and dump into berkshire hathaway b share when it split.