hoorayy...bull regaining strength after fail bull last Friday!
Target 10450

rebound rebound. XD

where they get the money?

FED print more money. They are just like photocopy machine that generating more paper cash.
But it will depreciate dollars value if they doesn't bring down the budget deficit.
No other countries will buy dollar anymore. It no longer safe currency.

Just my 2 cents

certainly agree with you... US currency in long term = valueless

Just last week, during the pending falling into the trap door, the USD worth like gold..

Again, we've been here before. Many says USD long term is worthless, toilet paper, etc but in times of
turmoil and uncertainty, every one and their uncles/aunties turn to USD.

PS. I'm holding more USD than MYR.
Give me this USD toilet paper anytime! Soon I have enough to wipe my butt with it.

This post has been edited by danmooncake: Feb 2 2010, 12:28 AM

It won't be valueless.

If you are a exporter, payment generally or majority will be done in USD.

Second largest economy now is China, but just about 30% of US economy.

Any turmoil and market fear, all flock to USD as safe heaven.

Majority of commodities trade in USD, be it oil, gold, copper and many many more, it just mean those delivery is settled with USD. So you need USD.

As long as US is the sole superpower, biggest economy, it won't be valueless. Depreciate in value, yes, but won't be valueless.

Wall street goons called their Nigeria counterpart to attack more pipelines during weekend now that they've gone long.
Nice pop for Oil! Therefore, ERX got a boost this morning!
See how it all sync up together?

Closing Update 5:05am
Dow 10185.53 +118.20 1.17%
Nasdaq 2171.20 +23.85 +1.11%
S&P500 1089.18 +15.31 +1.43%

Time to take some off during this relief rally.

Sold my ERX and 1/3 of TCK for quick profit .

This post has been edited by danmooncake: Feb 2 2010, 05:31 AM

short RALLY - Sell

SOLD LONG position of ING. Next position is looking into (buy on dip) UNG and RBS

LVS, ERX, RBS.

Technology shares up mostly, but still off high of Week 4 Jan 10.

RBS 11.10 +0.89 8.72%
STEC 14.63 +0.61 10.39%
MGM 11.82 +0.76 6.87%
ING 9.80 +0.40 4.26%
UNG 9.80 +0.49 5.26%
FUQI 16.80 +0.35 2.13%
ERX 37.34 +3.20 9.39%
URE 6.34 +0.20 3.26%
LVS 17.11 +1.61 10.39%

hi
This morning i went to pbb to transfer $$$ yo my US brokerage.The person in charge there said she need my share purchased receipt to prove my $$$ that go in US is really to buy share.Previously i transfer many times liao also no problem but this time she said she need it as bank reference.Anyone encounter this before?Thanx

Maybe she want some share tips. Why don't just use online? Easy and cheaper.

Pre-Market looks convincing.

RBS, UNG and ING looking great. I now switch from LVS/MGM to these counters.

10,200 is looking gud for now, but just too early to tell as PENDING HOME SALE data is at 11pm.

The famous saying goes by "BUY ON DIPS" still apply.

just wondering, u transfering your own money rite, even if u're not really buying share, it's none of her business rite? hmmm.

they afraid you buy forex..

No. I think they're afraid of money laundering. Have you been transferring money into some dodgy account?

Oil futures look good for another leg up. Back in ERX premarket.

Hi all,

Mind to advise which local brokerage firm / investment bank can trade US stock? I remember some of you have mentioned CIMB, HLB, OSK, or what again? Which has lowest fee with best trading convenience?

Since I don't trade often, I might want to transfer back all money and keep at local here.

Reason being I have difficulty to prove my money when applying housing loan, bank doesn't accept my etrade & optionsxpress account statement.

This post has been edited by cloud9_lee: Feb 2 2010, 09:51 PM

my fren use osk, online trading. RM350 per transaction. cant buy first only put in money, can only buy how much money u have there. that's all i know. XD

---

Added on February 2, 2010, 10:02 pmerx, how u buy that bro?

This post has been edited by AnonyNite: Feb 2 2010, 10:02 PM

ERX too expensive, so only set to buy 13 shares..

I enter market again..

---

Added on February 2, 2010, 10:31 pmBought at 38.08. too expensive..

---

Added on February 2, 2010, 10:37 pmwell, It is a trap..

This post has been edited by epalbee3: Feb 2 2010, 10:37 PM

38.08? my broker shows 38.00 sharp. Hmm

Hang on , its not even 11. Wait for the housing data before we can confirm its anohter GREEN DAY.

So far, im on track with DOG JONES at 10,200. Now, wait for it to crack 10,255, then all the way up until Friday 11pm. So, hang on.

---

Added on February 2, 2010, 11:01 pmgood data, BULL Charging ahead

---

Added on February 2, 2010, 11:04 pmoh no, WHY it is RED? fcuk, its already factored in

S got hit by trailing STOP. There goes my profit - but hey, it is not a loss.

This post has been edited by zamans98: Feb 2 2010, 11:04 PM