Yeah, MGM is recovering.

my target price to sell is 11..

yup, u read my mind. I will park my fund with Berkshire.

Look at that.. Dubai is non-issue now and Citigroup to repay Tarp.
Looks like we got one more push up north tonight.

Dow bouncing off 10500 ceiling again..

Will it be able to punch thru this time?

This post has been edited by danmooncake: Dec 14 2009, 11:31 PM

Crap C choose to repay the TARP money, there goes my money in there all diluted in their new stock offering.

TARP payment is actually a TRAP.

Same case happen with BAC. up then down by 2$. Now crappy C also down from 4.05 few days back to now 3.78$.

Oh crap, time to hedge against C. I hold 3,000 C @ avg 4.70. Damn!

Dow 10505, S&P 1113

Sold 750 TCK 36.35, still have 250 left.

Those holding C may want to be patient and play some other stocks while C finds its ground.

I missed run on TNA this morning.

It's dangerous to hold C. Or accumulate more on C . Please Guide.

I'm holding till the Fat Lady sings.

At the near future, C is actually hopeless. But much later wor, u may laugh like mad cow coming home la.

Closing update

10501.05 +29.55 +0.28%
Nasdaq 2212.10 +21.79 +0.99%
S&P 500 1114.11 +7.70 +0.70%

Look at that! We crossed over and closed above 10500..
Man, this bull market got conviction.

The question now is.. will we see 11000 first or 10000 first?

Not much trading today since I'm letting some of remaining longs ride up (eg. TCK).
Should have hold on more.. but heck, profits are profits.

C is a dismay today due to Tarp repayment and fear of dilution but I think we have to let it it settle down.
Too many panic sellers today and it may last a couple of trading sessions before C find its footing.

This post has been edited by danmooncake: Dec 15 2009, 05:20 AM

How will dilution effect it? Can shed some light?

I am looking forward to C at 3.50.

Future is reddish for now. C is now out of the channel. Its downwards. Dunno if I should get more or just let it be.

I have same thinking as you. Should I get more? Seems like good price.

not sure. But one day it will back to 30$, the question is when. Perhaps pickup some at 3.50's?

Seems like WFC is following C foot steps. Repaying TARP, getting the govt out of the way as quickly as possible.
Oh boy, they can't wait, can they?

everyone is chasing to clear. But C is winning the war ahead by clearing all debts. The plan is much clearer than WFC, BAC, JPM, GS

Refer here :

http://bailout.propublica.org/main/list/refunds

---

Added on December 15, 2009, 4:11 pmLVS and MGM are doing well. I'm holding small volume of both.

Another GOOD ETF for those who are interested in GOLD.

Market Vectors Junior Gold Miners ETF (GDXJ)
Price range 25-29. Not volatile, good liquidity.

or

Barrick Gold Corporation > ABX : NYSE

Surprisingly, RBS is doing well. Time to short

MEGANEWS ALERT:

Uncle Ben & Co is not looking forward for interest rate revision. Hence, the strategy BUY on DIPS (ensure u got extra cash to hold in-case market u turn) and sell on rally. [doesn't work in Kurap Land Stock Exchange KLSE]


This post has been edited by zamans98: Dec 15 2009, 04:11 PM

--From AP wire--
Stock futures are extending their decline after the government says wholesale inflation rose more than expected in November, led by surge in energy costs.

The increase will likely be of topic among Federal Reserve policymakers who begin a two-day meeting on interest rates Tuesday. The Fed is expected to keep rates unchanged.

Stocks have fallen overseas as the dollar rose against the euro amid continuing worries about Greece's debts and the financial health of Austria's banks.

Dow Jones industrial average futures are down 52, or 0.5 percent, at 10,446. Standard & Poor's 500 index futures are down 6.10, or 0.6 percent, at 1,102.50, while Nasdaq 100 index futures are down 9.75, or 0.5 percent, at 1,798.00
--

Yeah.. already expected some pullback here since we're the top anyway. Let's go south.

For those who watch Mad Money, J.Cramer pumps C on his show yesterday.
http://www.cnbc.com/id/34419773/site/14081545



This post has been edited by danmooncake: Dec 15 2009, 10:18 PM

having fun! its the holiday season & read wat old man minum at kopi shop says... haha, its been some time did not 'ah kiew' in forum

1. Obama Administration Can't Decide Whether The Recession Is Over, But It Wants Banks To Lever Up

Joe Weisenthal|Dec. 13, 2009, 2:39 PM

Politico recognizes inconsistency emanating out of the Obama administration based on comments from today's Sunday morning yak-fests.

Two of President Obama’s top economic advisers disagreed Sunday about whether the recession had ended.

Lawrence Summers, director of the National Economic Council, flatly said that it had.

"Today, everybody agrees that the recession is over, and the question is what the pace of the expansion is going to be," Summers said on ABC's "This Week."

But Christina Romer, who heads the White House Council of Economic Advisers, offered a more cautious view on NBC’s “Meet the Press.”

What's going on here?

Basically, the administration would love to take credit for a recovery, while also acknowledging the continued pain in the economy and allowing itself the ability to fire off a second stimulus if need be.

It's a tigh trope to walk, though it's probably one they'll be trying to walk until the 2010 elections (though from then out, they want to be fully into taking-credit mode. If they're still talking about a recession in 2011, Obama may be a one-termer.

The other message today was that Obama wants banks to lever up -- er, lend more -- again.

The White House will have the nation's bankers as its guest on Monday

CBS News: When I asked top White House economic advisor Larry Summers if the President needs to encourage banks to do more lending, he told me that bankers “need to recognize that they've got obligations to the country after all that's been done for them, and there is a lot more they can do.”

Tomorrow, the President will meet with heads of the country’s biggest banks and Summers told me the White House has a blunt message: “President Obama is going to be talking with them about what they can do to support enhanced lending to customers across the country.

"We were there for them. And the banks need to do everything they can to be sure they're there for customers across this country.”

2. Wall Street Blows Off Obama Meeting, Showing Mr. President Who's Boss

Andrew Ross Sorkin|Dec. 15, 2009, 7:16 AM

President Obama didn’t exactly look thrilled as he stared at the Polycom speakerphone in front of him. “Well, I appreciate you guys calling in,” he began the meeting at the White House with Wall Street’s top brass on Monday.

He was, of course, referring to the three conspicuously absent attendees who were being piped in by telephone: Lloyd C. Blankfein, the chief executive of Goldman Sachs; John J. Mack, chairman of Morgan Stanley; and Richard D. Parsons, chairman of Citigroup.

Their excuse? “Inclement weather,” according to the White House...

That awkward moment on speakerphone in the White House, for better or worse, spoke volumes about how the balance of power between Wall Street and Washington has shifted again, back in Wall Street’s favor.

Dow is up.

But MGM and C is down.

SOLD Long position of LVS @ 16.45, highest peak pre-market. Some1 bought a few thousand Units and Short the position. I missed it.

Waiting for C to drop to 3.60 to pump in a little.