Queue 500 S at 3.30..

Just came back from making hot tea. WTF, suddenly from 3.35 to 3.32?

According to the update provided by analysts in their report, Sprint Nextel Corporation (NYSE: S) will launch its first Wimax handset in the first-half of this year. Analysts believe that with launch, the company will enter the nascent 4G market. The company has not provided any further details on the launch of the handset, but going by previous reports the handset is expected to be an Android powered touch screen dual-mode. Analysts currently rate Sprint Nextel Corporation as a Perform.

I'm in ERX: 35.40, I'll get more if it dips below 35 later.

Queuing for SLB: 60.50 and TM:71.

Update (1:17am):
Got SLB. Adding TGB to queue: 4.5

Update (1:37am)
All of a sudden, market is worry about Europe again.

Update (2:00am)
TGB got filled.

No hit for TM yet.

Come' mon bears! Give me another one!

Update: 2:38am
Bought another batch of ERX at 34.95, sold back to market at 35.45 (small profit).
Looking forward another re-entry. Heck, I'm day trading again.

Update: 3:10am
Back in: 35.08

Update: 3:30am
Out: 35.40

Update: 3:50am
Watching video stream on US Toyota CEO Jim Lentz being grilled by US congress.
"Sticky Pedals Do Not Cause Sudden High Speed Acceleration."
TM shares still at around 71.60..

Closing update: 5:10am
Dow 10282.41 -100.97 -0.97%
Nasdaq 2213.44 -28.59 -1.28%
S&P 500 1094.60 -13.41 -1.21%

Whoa man.. we got long black candlestick again. The bears won this round.
If we get another -3 digits pullback tomorrow, most likely we'll get another chance to see 10K again.




This post has been edited by danmooncake: Feb 24 2010, 07:16 AM

I got my 500 S at 3.30 filled last night..

Queue to sell at 3.45..

This post has been edited by epalbee3: Feb 24 2010, 08:02 AM

Don't be surprise that it may want see 3.20 first..

Yupe. The market will probably be bearish for tonight..

However, there is some strong buy during 3pm -5pm for S. That means the "Momo" is entering the market..

I changed my target sell price to 3.45.

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Added on February 24, 2010, 8:17 amERX is soon to be 33 if the market continues to drop.. So many cheap stock around if tomorrow dip again..

LVS, MGM, HL, AIG, ERX..

Will sell S to buy 100 ERX at 3.30 if can grab profit for S.

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Added on February 24, 2010, 8:35 amsince FA for S is good, then it will raise in long term..

But you can see eager buy-in during the last minutes last night.

If you see the 1-day chart, double bottom is formed, TA said there is very strong support at around 3.30.



This post has been edited by epalbee3: Feb 24 2010, 08:35 AM


Attached thumbnail(s)

filled another batch of S @ 3.29 x 500

Oh fcuk, STEC dropped 20% late trading. Announced bad projection for Q1 2010, with losses 13c (EPS) from 0.51c EPS last quarter.

The biggest paper loss in my portfolio. I got 700 at about 17.

Means if market down 3 digits, we can see it at 8$.

Wow, STEC dropped 27% AH?

That's probably over-reaction. I think it'll get a bounce later.
But its one year chart ain't pretty. This was a $40 stock during the good times.

Queue to sell 500 S at 3.45..

Wait for the small dip..

yeah, no sh|t. Now still dropping like no ending. Company announced that they will be spending 80mill USD to buy back shares. That's a relief.

Read that Germany in trouble.

Stec now down to below $10. I might pick some back, definately over sold.

Today, the bulls getting some back..

Bernanke testifying. Hopefully, more power to the bulls.

set to buy 40 MGM at 3.40 to average down the average price to 3.65 x 78.

Q 300 x 9.50. Wanna average down.

Disappointing Home sales data but Uncle Ben is more powderfull..

I just queued 200 STEC @ 10.18. Doubt that it'll reach below ten again today unless Ben says the wrong thing.

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Looking at the way STEC is going now, doubt my order will get filled. Early birds today almost $1 gain already.

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Order got filled and now dropping to 10.14. Let's hope for the best.

This post has been edited by miuk: Feb 24 2010, 11:54 PM

what time will Ben say something?

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Added on February 24, 2010, 11:16 pmBig selling resistance at S = 3.37.

Must break this point before going up..

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Added on February 24, 2010, 11:23 pmFilled 40 MGM at 10.40.

Now average price is 10.663 for 78 MGM.

Should Queue to sell it at 10.90.

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Added on February 24, 2010, 11:28 pmS resistance level at 3.37 while support level at 3.30.

Ben will determine which level can break...

This post has been edited by epalbee3: Feb 24 2010, 11:28 PM

Still talking, can view over CNBC channel

STEC recovered from off low, buoyed by the company's decision of share buyback.

500 S @ 3.28 Q

If you can get STEC below 10. It is good buy at this demised price.
It'll come back to mid 15s sooner or later.

awaiting the next 2 days data, if negative DJIA, will re-buy again slowly. I have belief that it will hit back near 20 by mid year.


Bad data and Doggie is GREEN? SPX is over 1100, good thing.
BRK.B is heading 80$. DMC - I thought u got 500 of it?

Nope, already took profit at $77.
Every time, I sell something it went higher afterwards.

Now trading SLB, TGB, HL, TCK and waiting for better re-entry for ERX and or short TNA.
I may also short HAO soon. This China demise isn't going away and may worsen before it bottom.

This post has been edited by danmooncake: Feb 25 2010, 12:56 AM