yup, from almost green to -70points.

Im getting S for short term trade.

Not buying C for quick swing?

Update 11:35pm:

Looks like my queue for TM got filled at 75.

This post has been edited by danmooncake: Feb 10 2010, 11:36 PM

remember? this is still a bear market..

any one rally will follow by two dip..

very hard to win, if not using short..

This post has been edited by epalbee3: Feb 10 2010, 11:40 PM

no, dun want to repeat the same mistake, of putting 50% fund on C. Better options than C is out there.

S is dropping like 9%.

Looks like they just posted their earnings and the market doesn't like it. Big miss on the earnings.

Update: 1:40am
Tonight, market is stoned! Not going anywhere. Too much hangover from the roller coaster rides past few days.

Update: 4:09am
Market at absolutely standstill..

Oh heck.. my newly bought TM shot up to 76.12 and went back down.
Damn.. I could have day trade this.

Update: 5:08am
Dow 10038.64 -20.26 -0.20%
Nasdaq 2147.87 -3.00 -0.14%
S&P 500 1068.13 -2.39 -0.22%

Essentially, no movement day..



This post has been edited by danmooncake: Feb 11 2010, 05:09 AM

TM is a good trade for few weeks.

Now Honda also started to re-call due to air-bag malfunction.

How could you ever trust electronic gadget in your car? Old school car basically have no issue/problem.

More bad news for TM

"NHTSA's also looking into complaints that electric power steering can function improperly in 2009 and 2010 Corollas and make it hard or impossible to stay on the road. Spokesman Mike Michels said Toyota will cooperate if NHTSA opens an investigation"

Pretty much means Toyota reputation is now tarnish. If damage control failed, it will join Subaru, Nissan and Suzuki (the failure gang)

P/s - Need to check all Daihatsu as well, as they are subsidiary of TM

Not good news for bulls:
http://uk.finance.yahoo.com/news/china-ord...dfe06984e0.html

IMO, the next two trading days will be critical. If we don't follow through with at least upward moves, after CNY next week, it could be ugly. Bears will be back in total control. I would expect another 500-700 points drop from here within 4 weeks. 15% correction will become reality.

This post has been edited by danmooncake: Feb 11 2010, 12:51 PM

just read it, yes - looking bad again.

Have to think to reduce exposure.

I think there is a counter good news that just been released. China's inflation has eased in Jan.
That should ease the fear of inflation and cut back in lending.

http://finance.yahoo.com/news/Chinas-Janua...6&asset=&ccode=

Looks like HSI is popping up big. Hopefully Dow and S&P will follow through tonight.

ok, let see some fireworks tonight. Wanna let go my ING & S. Will re-enter at lower price.

eh,
seemed that NYSE will going for 2nd crash, so many pigs country around.
c will have to take awhile before rebound to 6usd and then 9usd
need to wait til early next years.

for those who is supertitious;
2010 yrs of tiger = nyse dipping to ?? 6000point again? klse 1070, very soon after new years is suppose.
1998 yrs oftiger = asia crisis klse dipped 400 point
1986 yrs of tiger = us call it black friday where, composite in nyse are free falling >15% in a day. imagine if u claim u ave a nerve of a steel again think twice./

We got better than expected initial claims. At least a small pop should be expected with the better numbers from China earlier today.
Oil moves to 75 and copper nudge back above $3/lb.



This post has been edited by danmooncake: Feb 11 2010, 09:41 PM

china is emerging market, with great expectation from many nation.
so unless you doing business with them.
investing stock in china have been a a dougy world.
poor return miserable company with p/e over my roof.
i am worry will china be a next dubai? or next tokyo stock exchange.

i still stick to nyse; well establish market plan.
easy asses, transparent and well organise platform. which all darling there. name it my darling philip morris, cola, pepsi, macdonald.
this are establish consumer brand name.

The problem with 'dodgy' China is not folks investing with them directly. They don't allow non-Chinese nationals to play directly with their market anyway. Because they have such as huge "State-Owned" and controlled hedge funds with such a large holdings in US Treasuries, they can cause havoc in the equities market everywhere else whenever they make their move, be in China itself and even at NYSE. All those companies you've listed above have huge presence and revenue from China. If China wants to slow down their red hot economy, it will definitely affect their earnings.

Update 10:10pm:
Looks like EU got a plan for Greece but lacks the details. Euro zone market is not happy, therefore pullback. DJ futures seems to be following here.

This post has been edited by danmooncake: Feb 11 2010, 10:10 PM

Phillip Morris? Wow, today super green..

ERX anyone?

Dow 10,124.31 {+85.93} [+0.86%] - in green

Nice bump.. yes, I'm riding ERX, got some at 33.80.
I hoping it can get to $39/$40 by next week and hope this isn't another head fake.

Putting in trailing stop 0.5 here.

Closing Update: 6:16am
Dow 10144.19 +105.81 +1.05%
Nasdaq 2177.41 +29.54 +1.38%
S&P 500 1078.47 +10.34 +0.97%

Didn't get stop out today but I've decided closed out my ERX position after hours. A bit of profit is better than none.
I don't have a good feeling about the market tomorrow and decided all cash for the long weekend is much better.



This post has been edited by danmooncake: Feb 12 2010, 06:19 AM

The market is unpredictable.

However, I feel that the big boss is trying to make a last rally for them to sell off everything before the real dip. See the volume..

It's good to cash out, so happy during CNY..

Waiting for times which money can easily grabbed..

pre-market data suddenly all read after this news :

China ordered banks to set aside more deposits as reserves for the second time in a month to cool the fastest-growing major economy after loan growth accelerated and property prices surged. The reserve requirement will increase 50 basis points effective Feb. 25, the People’s Bank of China said on its Web site today. The current level is 16 percent for big banks and 14 percent for smaller ones. China’s policy makers aim to avert asset bubbles and restrain inflation after flooding the economy with money last year to drive the nation’s recovery from the first global recession since World War II