the prob is whether it will drop back t0 160s or not.
or continue its upward trend.
i am not selling just yet

Saw a clip in cnbc that gold will have some short term correction. Gold futures might be required a higher margin rate like silver.

Going to run into resistance soon.. momentum slowing down.
Watching that SP 1200 level. Set trailing stops for high beta stocks.

Between AAPL and LVS, for the same cash, my bet is on LVS.
It reaches the low of 36 during the crisis few days back. Still not attractive to me at today's price.
Of 8/8 until today 12/8, LVS did an impressive run +$7 or 20%

Jul 26, 2011 Q2 2011 Earnings Release
Next release will be around end October

Good morning Z,

Dow 11269.02 +125.71 +1.13%
Nasdaq 2507.98 +15.30 +0.61%
S&P500 1178.81 +6.17 +0.53%

We got pretty good bounce since Monday low. We're not back to the level before S&P downgrade yet.
Going to run into resistance level between here and SP1200.

Yes, LVS made a pretty good run from the low of 36 on Monday. $36 scored the double bottom low.
So, one got to take the opportunity to buy. LVS @ $44, it is still ok to buy as long you believe market will get back above
the SP 1250 level by year end. LVS should be at $50+ by now if not for the market downturn just right after its impressive earnings.

US market will be going another round of sell-off, based on the chatter in the money market. The special "DEBT CLEANER" team are looking forward cut in trillion dollar before Thanksgiving. Can they do it?

Problem was the RSI was very stretched hiting 87!
i am not comfy when something zooms up like so.....so i took profits and will buy the way down.

Maybe you may not remember silver hitting 90 in the RSI and tanking?

Technically over bot gold. i am lookin at $1670 where theres a gap up...
hopefully the theory is right...always comes back ti fill that gap

Tonight big news is GOOG buying MMI (Motorola) to step up the competition in the phone business.

I think right now, it has little effect on AAPL but I think GOOG realizes that they can't make much money by not
owning any hardware. AAPL has a HUGE profit margin by owning the hardware and software.

The questions will remain later what happens to other hardware maker like Samsung, HTC, LG, etc

Also, NOK and RIMM are in serious trouble. Perhaps MSFT will buy one of them.

This post has been edited by danmooncake: Aug 15 2011, 08:53 PM

maybe you are right.

but long term looks promising.

just not selling for fear miss the boat.
not monitoring much, so dun bother to sell.

Watching $SPX 1200 and Dow 11500 resistance area. If we can take it out, then the market is going
show their big middle finger to S&P for their downgrade last Friday.

If nokia doesn't mind to be sold to someone else, then why they still so proud to use their own meego instead of just simply port to android and fight back the market? i'm sure if nokia comes out android phone, it will makan lots of market share back since lots of fans in their hardware out there. samsung wins by feature but not hardware durability/quality.

http://money.cnn.com/quote/quote.html?symb=MMI
Holy moly

Take a look at $30 Aug calls
http://finance.yahoo.com/q?s=MMI110820C00030000

UP 15,900% Now that HOLY MOLY!!!


GOOG investors aren't happy about them buying up MMI. $12.5 bln out the door.


In the coming weeks, let's watch MSFT. They got the cash to gobble up either RIMM or NOK.
Both RIMM and NOK may be speculative buy at this time, but I wouldn't hold MSFT shares at this time.



This post has been edited by danmooncake: Aug 16 2011, 06:19 AM

If only we knew, and we would all be millionaires.

Both RIMM and NOK did their movement yesterday.

Longterm its FAntastic! i have been in it since 2002....
thats why i trade GLD and not GOLD..........
Have not sold a single oz since 2002

Prophet - you are correct. GLD is liquid wheres physical GOLD is not.
But you can keep physical Gold for a long time as long you got a place to put 'em.

I'm hoping for Gold price to drop a bit more.. hopefully to $160 level.. then, I may add more.

Tonight, Europe fears popping up again. Futures down to same level as yesterday.
Hopefully, this is just a short pause here.

What do u guys think of Citi......29.xx quite tempted to buy. Itchy hand itchy hand

Today closing:
Dow 11405.93 -76.97 -0.67%
Nasdaq 2523.45 -31.75 -1.24%
S&P500 1192.76 -11.73 -0.97%

I don't like this close.. just a bit tad too bearish. Too close for comfort here.
I'm going to close out my long position if the next cycle can't break above 1200 here.
Could land in danger zone again or a little more retracement.

This post has been edited by danmooncake: Aug 17 2011, 09:47 AM

Warren Buffet is buying more Wells Fargo since he said its cheap.

For me, BAC holds better perspective than C at this juncture. Buy BAC @ 6.00 for long term.