I'm pulling the plug away from commodities based trade, like HL, TCK, CAGC, AA.

Good run lately been Ford (F).

STX, NVDA all trending higher and higher. INTC still in the safe zone at 19.50-21.50 (been few years now)

Hmm... F looks like triple top. Perhaps good time to short again at around 12.

Closing update:
Dow 10374.16 +91.75 +0.89%
Nasdaq 2235.90 +22.46 +1.01%
S&P 500 1105.24 +10.64 +0.97%


It looks as if we have recovered from the loss yesterday but the commodities are at standstill.

Anyway, the SEC is going to consider the new short sale curb rules next week.
http://www.cnbc.com/id/35485453

I guess, more ammo to the bulls.

This post has been edited by danmooncake: Feb 25 2010, 07:56 AM

Both S and MGM has selling pressure after 3PM.

May be "momo" is pushing down the price for collection.

The market trend should be up for a few weeks after BEN says no interest increment and job creation bill.

I think the market will raise in one or two days time after "momo" collect enought stocks..

Be careful. Something telling me all is not what it seems. This recent push down and the bounced back up is not as strong as it should be. Volume has slowed down. "Momo" aren't collecting stocks. I think they're quietly unloading.
The bulls have slow down and bears are preparing to storm the gate.

I'm with you on this. Q buy S again @ 3.27 today and another batch on Friday.

Bears are roaming...

hope it is just smoke..

"when everybody fear, you must be excited.."

Market getting ready to see 10K again by next week.

hopefully tomorrow will be better..

today really red everywhere..

Nah.. I think we'll be going for another -200 to -300 points or more.
Just a beginning here.

Another great opportunity for longs later.

This post has been edited by danmooncake: Feb 26 2010, 12:32 AM

usually for this time, lowyat US stock people all go for yamcha one..

better not seeing it..

I'm here... sipping my tea, waiting for calls.. watching the monitors.

Some red, some green.. all in play.

Where's missyfroggy? I need another one of those great X tip to get ready.

mine a bit red, not so red..

all dips are followed by rally..

we have gone thru Dubai, etc..

nothing going to change..

They (MM) need to manufacture more bad news..
Give longs more opportunities to dive in.

Epal: By the way, did you check your ERX queue?

My 1/4 position at 34 got filled.

Closing update:
Dow 10321.03 -53.13 -0.51%
Nasdaq 2234.22 -1.68 -0.08%
S&P 500 1102.93 -2.31 -0.21%

The bulls came back strong from the 3 digits loss in earlier trading.
This feels like Feb 5th but didn't came back in positive.


This post has been edited by danmooncake: Feb 26 2010, 06:55 AM

no bullets to queue ERX yet, unless my S profitted first or load-in more bullets..

the US afternoon session has made my position at break-even now..

hope can reap some profit tomorrow.

Indeed ERX is a good play if it drop again.. anything less than USD 34 is a good buy then.

---

Added on February 26, 2010, 8:01 amIf you look at MGM intra-day chart, the large volume of buy-in and push high happens after 3.30pm. That means "momo" started to push MGM high for "cooking" purpose soon..

For ERX, the price is raising until the top because 1) oil price bounced back 2) "momo" already buy a lot and selling at higher price to reap profit.

For S wise, last minutes sell off to push down the price, may be because "momo" still want to collect more tomorrow..

This post has been edited by epalbee3: Feb 26 2010, 08:23 AM

S almost dive to 3.2.. I guess that's close enough.
I guess S now can climb back up to 3.6

As for larger volume towards the end. not just MGM but other stocks as well..

This market doesn't want to go down yet.

This post has been edited by danmooncake: Feb 26 2010, 08:25 AM

yupe, indeed the S has reached 3.35 in the afternoon session.

Just that "momo" pushed down the price to next session buying..

My queue price is 3.52 for S.

---

Added on February 26, 2010, 8:39 am"buy on dip and sell on rally" is still true..

As long as we choose the "right" stock..

This post has been edited by epalbee3: Feb 26 2010, 08:39 AM


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wow, all off low.

Wait for tonite data.

Q S @ 3.20 x 1,000 not filled. Was looking at RBS, a big support at 11.
LVS was 15.50. but didn't Q any.

Slept early last nite.

Tonight can play again, tomorrow weekend.
Futures looks bullish again. Damn MM play this thing like crazy.

If bullish open, I'm going sell my ERX. Hopefully can get to 38.

Dan: More X tips? LOL!! i also wannnn larrr faster go downnn!! ohohoh

wow....market recover abit.....shoots....didnt hit my target buy price of anything.....:/