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 US stock discussion v3, Double Bottom coming?

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ronn77
post May 11 2011, 10:15 AM

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QUOTE(zamans98 @ May 11 2011, 10:07 AM)
Today is : 222.16

That's a good run.
Overall market is weak, with no direction where to go. Volume is fading slowly..
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Probably signs of investors are beginning packing their bags to Hawaii?
ronn77
post May 11 2011, 05:31 PM

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QUOTE(cloud9_lee @ May 11 2011, 01:29 PM)
LVS will pop tonight. Just my humble guess. biggrin.gif
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Probably because you have a gang of investors to go in tonight? biggrin.gif
ronn77
post May 13 2011, 07:47 AM

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C got hammered since the consolidation. I'm still keeping it for long term purpose. AIG is having similiar fate too, guess that investors hate reverse split for stocks.
ronn77
post May 13 2011, 10:12 AM

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QUOTE(zamans98 @ May 13 2011, 09:53 AM)
Yup, I read an article from an investment banker that its not that they hate but just its not attractive enough for small hedge fund, mutual fund as well as brokers. Brokers are projected to loss 20% of overall revenue due to reverse split.
Sold mine with small loss on Day 1 of new life of C.
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You sold yours? Then congrat as you've made a right decision. Still keeping it though, now hoping for other stocks to appreciate before taking profits. A bit worried on May's trend which generally pointed downwards.
ronn77
post May 26 2011, 12:07 PM

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U see, last year May investors are worried on european crisis and this year May is having the same cycle. I think it more like a routine news to pull market lower before they re-enter again.

AIG is getting cheaper and cheaper and govt are throwing some of the possession. Is it worth to collect some?
ronn77
post Jun 1 2011, 09:22 AM

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NOK taking a huge dive after the board lowering their forecast for this year. At below $7, seems preety attractive price to enter. Any sifus here can give some comment for this stock?
ronn77
post Jun 7 2011, 11:14 PM

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Any ideas what happened to China IT stocks? Seems dropping like nobody business. YOKU and DANG taking a huge hit.
ronn77
post Jun 8 2011, 09:18 AM

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QUOTE(danmooncake @ Jun 8 2011, 02:24 AM)
Yes, all the new speculative Chinese Internet stocks with no earnings been taken to the wash house during this take down.  The funds are selling those with high PEs.

The US financials (WFC, C, BAC and JPM) also got whacked big time.

BAC - 52 weeks low.
C - back to last year price. C after the reverse split, it has been downhill ever since.
WFC - downgraded to sell.
JPM - holding support at 40.50 so far. If this fails, then bye bye $40.

Financials are performing horribly since last month.
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Bro, do you think it's worth the risk to pick-up some on these China internet stocks? The price looks tempting to me but not sure if the risk could justify the attractiveness.
ronn77
post Jun 8 2011, 10:18 AM

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QUOTE(zamans98 @ Jun 8 2011, 09:45 AM)
Very good, but its also very volatile. You can suicide if your entry price is wrong and bought in bundle.
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That's true...so now still figuring out when likely the bleed on these stocks will stopped. Seems that everyday is dropping and I'm still waiting. Luckily that I didn't enter DANG when it reach $20 days ago.
ronn77
post Jun 9 2011, 10:13 AM

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Another bleeding days for DJ, in fact the drop is worse than previous days. So many attractive counters to choose at low price, like a cheap sale in hypermarket biggrin.gif

So when is the good time for re-enter?
ronn77
post Jun 9 2011, 11:13 AM

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QUOTE(zamans98 @ Jun 9 2011, 10:29 AM)
Dunno, but just when you thought its the correct entry price, even with the help of so called TECHNICAL CHART SH|T, your counter sink and sink daily. WTF, really.
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That's true, technical chart only serve as a platform for indication of where the price likely heading to, however it still lack of human sense and judgement. I'm eager on China techie stocks but normally these companies lack of transparencies and mis-management so any single issue probed will make the shares price halved in just matter of days. Banking stocks is dying since beginning of 2011, in fact heading backwards compared to 2010 level (I'm still stuck with my AIG and C). Metals has been rising since this year and still looks expensive despite correction in past couple of months.
ronn77
post Jun 10 2011, 10:08 AM

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QUOTE(danmooncake @ Jun 9 2011, 08:22 PM)
Metals and mining indeed still holding up so far but it is begun some declining, yet not as much the major indexes.
Looking at TCK and FCX. Both are beginning to look attractive again. I'm thinking of buying some deep in money calls leaps. IMO, both TCK and FCX will surge up once the China's tightening begin pause despite what US may or may not do in the 2nd half.

Also, Energy prices are still holding up very well. Oil still above $100 mark. It is a like a magnet. Oil goons won't let it drop below $100 for too long and they've bid it up again despite no major shortage of Oil.

Will we see a 10% correction? If so, that would be sweet spot to load up. So far, we got 6.5% it is getting closer to phase 1 bottom. Buy signal could be here soon. Get ready!
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You are gurus in precious metal and commodity counters so maybe you want to share the info with us when you enter any of these stocks for our guidance notworthy.gif
ronn77
post Jun 12 2011, 08:34 PM

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No matter what level is the support, many stocks already reach attractive prices to enter. Probably by this end of month should get our bullets in to enjoy the 2nd half fruitful year.
ronn77
post Jun 13 2011, 11:28 PM

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Chinese stocks continue to bleed today. Wonder when the bleed will stopped and is it a good idea to put some money into these counters. Does the accounting irregularities can caused these stocks dropping like no ending?
ronn77
post Jun 13 2011, 11:45 PM

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QUOTE(zamans98 @ Jun 13 2011, 11:36 PM)
What China's based stocks that you're keen to trade?
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I'm looking into China's Amazon biggrin.gif
"DANG" which right now is only $12.00.
However a bit worried that despite looks attractive but next few weeks it may become either $20 or $2.
Does it worth the risks?
ronn77
post Jun 14 2011, 07:43 AM

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QUOTE(danmooncake @ Jun 14 2011, 02:26 AM)
It depends how risk tolerant you are.

11.50 tonight another -12% haircut. Definitely a big hit on the short sellers list for now.
DANG does not seem to have any reported earnings for now.
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I'm quite a risk takers investors but I'm just worried if the downtrend may persist on this counter or laggards below $10 for years to come. Very scary to see that everyday it's dropping despite the low price but do not want to hold another GM that I bought 3 years ago.
ronn77
post Jun 14 2011, 11:09 AM

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QUOTE(danmooncake @ Jun 14 2011, 09:52 AM)
Well, GM -> at least you know what it is doing. It has balance sheets, earnings, and real products.

For DANG,.. it is a wild card.  Who knows, throw a dart, hope for bulls eye.

If you're bullish -> buy it
If you're bearish -> short it  laugh.gif
Anyway, back to market. Anyone noticed that the banks seems to be going the other direction here?
The last two trading sessions are tell tale. They're first to go down during the correction and if they rally ahead, that could be bulls are just around the corner. Be sure to watch the financial sector.  nod.gif
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I guess better stay away fm this Chinese stocks until later stage.

Saw some movement on financial stocks like "C" despite market is softening. Probably banking stocks is knocking at the door as for this year have not seen any movement.
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post Jun 14 2011, 04:53 PM

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QUOTE(zamans98 @ Jun 14 2011, 03:08 PM)
my biggest negative per stock is BAC. #)(*)!@&#))**#&*( --- keep dropping until reaching 10$
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Wow, u still keeping it? I sold it when it reach $14.xx and it hit $15 which I thought I did a mistake but it looks like a right move now. I'm still aiming to grab BAC again if it reach $10.
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post Jun 14 2011, 11:57 PM

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QUOTE(danmooncake @ Jun 14 2011, 08:26 PM)
Speaking of financial, anyone here still holding C?

I was holding some batch of C when it start dropping to 42 same price as JPM, then I switch them out to JPM instead.

C now below JPM price, but looks like C is moving up again after bottom at 36's and if it looks like about to break above $40, I'll switch them back.  I think this baby is about to make its upside move again.
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Still have quite number of lots here but stuck at my average purchase price of $4.40 before consolidation. Looks like my medium term investment will become a long term.
ronn77
post Jun 16 2011, 07:59 AM

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Closing below 19,000 points, what a bad day that almost swipe previous night gains. Finance stocks back to earth after so much promising, probably the bull waiting for us to load before started his journey. Have anyone here interested in NOK (closing below $6 now) or can see the future of this company?

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