Still holding AGQ @ 250.75 but small 20shares only.
Gold & Silver will hit the roof again. Today's rally is a HOPING rally that FED will pump in some cash in the market.

AAPL is setting up very nicely today for the bounce. Today close even engulfed last Thursday highs.

Next, it will need try to fill that gap from last Thursday and to take over last Wednesday high .. resistance around 385~389 area.

Sold 50% of AGQ at $245......... 200 shares........profiting 41% since June........not a bad scalp...

This post has been edited by prophetjul: Aug 24 2011, 07:51 AM

Congratulations!! Very good swing trade infact!

Thanks!

3 months is a swing trade?

Unfortunately me miners are very stale...............shorted to the hilt by them
crookrd bankers!

wow, really good trade and good profit. I don;t have much cash, so small trade will do.

Had to make some scalping to balance out the losses on the miners!

The metals are keeping me afloat!

Which miners are you losing out on?

Market tonight will try to grind itself higher.. better macro data like durable goods are much better in July than in June.

AXU for the year

Overall portfolio down for the year so far
but still up since 2005...

This post has been edited by prophetjul: Aug 24 2011, 09:38 PM

BofA Surges 11%, GOLD down to 1750 or -4%

Quote "Any time you see life in the walking dead, it certainly makes you feel a lot better"



Dow Jones
11,320.71 +143.95 (1.29%)

S&P 500
1,177.60 +15.25 (1.31%)

Nasdaq
2,467.69 +21.63 (0.88%)

ALL GREEN !!

Yeahh.. but that news from AAPL really spoil the mood.

AAPL holding up about 12% of Nasdaq. This is going to hurt.

Steve Jobs stepping down from his CEO seat was always a matter of time and not unexpected at all.

To me, this is excellent news as a significant correction on Apple stock prices presents me an opportunity to purchase Apple shares at a discounted price with a low PE/G ratio.

With or without Steve Jobs, the company has an excellent succession plan in place (i.e. Tim Cook) and is supremely placed to cement its position in the consumer IT space for the foreseeable future. I see absolutely no reason why Apple stock prices should not be appreciating well into the 400+ dollar mark hence it would be a wise move to buy and hold its shares now.

Breaking news: BAC got $5 bln injection from BRK-A.
BAC pops additional 25+%..

This could rally up the financial sector. Shorts will be squeezed!

---

Added on August 25, 2011, 10:12 pmManaged to get out from my AAPL Oct calls.. with small profits.
That knee jerk reaction and cover at open was my way out.

Going to wait after Ben speaks tomorrow to see what happens.



This post has been edited by danmooncake: Aug 25 2011, 10:12 PM

Shoot. Since yesterday on uptrend. Hmm, I correctly predicted a BUY at low $6.
Still skip BAC until Uncle Ben speak and hell will break loose.

Really difficult to trade tonight..
Volume is really pathetic. So, I'm staying out for now.

We still got that gap from last Wednesday that hasn't been filled yet.
So, need to wait and see what happens.

hope tomorrow will not be super high volume with massive sell down.

Well , WB always take advantage on ppl's fear ... Anyway I suspect BAC will not drop below 6 after this injection.

BAC has the bullets to survive this round

Hopefully so.. need BAC to at least survive because if BAC dies, it will take down the entire financial sector.

Anyway, tonight, I'll just stay at the sidelines and watch.

What time is uncle Ben speech?

10am ET.. or 10pm local M'sia time.. the first 30mins of DOW will look funny