It may not bounce for 4th time, get ready for another leg down if it happens.

Warrants are leverage on the stock price itself........suppose its similar?

Guys,

Going over my charts this weekend, we've moved back to the middle of the bollinger band since last Friday but I'm not buying it here. I'm think I'm going to look for that triple bottom at around SP500 1120 area with a stop around slightly below 1100. I do not think we'll fall below 1100 unless something really really bad happens (like Greece completely BLOWS up or close to it). If we fall through, I'll be net short.

Both AAPL and LVS are setting up for nice dip buying opportunities.

This post has been edited by danmooncake: Sep 6 2011, 12:25 PM

Guys, which platform are you using?

Doing a survey now

Hey zamans98, thank you very much. It helps me.

I'm using a PC to do my trade.

This post has been edited by danmooncake: Sep 7 2011, 08:08 PM

Windows 7

tak ada new thread? everyone miss this one so much?

I'm on the long side on closing yesterday. Got out from all my short positions and protective puts at open. I was hoping a little lower but there seems to be a lot of hungry buyers at SPX 1135-1140 area.

Added LVS $45 calls, short $40 LVS puts
Added AAPL $370 calls, short AAPL $360 puts.

Added ERX (3x energy) for my swing trade because I've been noticing $39-$40 seems to be floor
here since last week. Going to take some profits again when SP 500 hits 1200-1210 area.

This price range: 1120-1230 is really nice.. you can be long and short at both end of the band and still win!

No financial stock play for me..I'm staying out till we break out.


Note to k-bkeat: The brokers that I use are TD Ameritrade, OptionExpress, ScottTradeOption First and MBTrading.

This post has been edited by danmooncake: Sep 8 2011, 01:23 AM

thanks for sharing!
sp500 is already 1195, so close to 1200. So you are getting ready to take profit soon?

Yes, when it reached 1200, I'll trim some of my long positions and use trailing stops for the rest and see how high it can go.

It is no secret.. once look at the price chart, it is all about support and resistance level. As price moves up the top part of the band, you need to sell, and at the bottom, just buy.

The band is going to get narrower.. which means volatility will be squeezed soon.

Aww... I will miss volatility

honglun - Are u still trading LVS?

I like what I'm seeing now. Made 3 round trips profits already.

Also, Goldman gave its blessing today with PT of $52.

Resistance is still around 49-50 here. Hoping it will break out soon.
If not, it is a buy on pull back, sell the rips until it does so.

This post has been edited by danmooncake: Sep 8 2011, 09:53 AM

I'm going to release my LVS if it reach $48.90 tonight as my buying price is $43.90 so will resulted in a handsome $5 gain. Let's hope another bull running tonight.

I took some profit yesterday. Wish I could stay up later to hit yesterday's high but good enough that I reached near high of the morning trading. There's some sort of confirmation at the 45+ level for now....I still can't wait for the dips.

Looks like we're going get a small pull back today.. ECB decision in factor..ratching down economy, futures was green, now red.
I may get stop out if the selling gets intense before the speech tonight.

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Added on September 8, 2011, 9:47 pmLooks like more bulls were waiting at sidelines.. going to move stop higher for LVS here.

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Added on September 8, 2011, 9:51 pmAlmost there... just need a nudge higher for your price.

This post has been edited by danmooncake: Sep 8 2011, 09:52 PM

This silver stock was whacked down by shorts manipulating using an accusing email of the company manipulating accounting figures.
Silvercorp SVM.

Price went down from $9(aug30) to $7.53 in 2 days

Company launched a counter press against this and now stock back up to $9.
This is a profit making company with lots of silver and giving dividends as well.
The only thing is its a canadian company operating in china.
i guess you know by now the shorts are taking to chinese company because of the
Sino forest debacle.

Managed to catch a bunch at $7.73

Could be.. can't blame them because another fear of accounting issues. A few of those China-based pirate
ship listed at NYSE through reverse-mergers are causing a lot of fears. Tread carefully.. you never know.

Obama pumping the bulls with his "jobs" plan. Not sure if it will work but it's going to be tough sell through Congress.

This post has been edited by danmooncake: Sep 9 2011, 07:58 AM

But SVM was giving dividends for the last two years.
Now its gone into stock buybacks i think 25 million shares so far.
Lots of cash....
This is NOT a chinese company. Its Canadian but operates mines in China
The shorts of 25mil shares short which is 16% of the outstandning stock issued

Now CEO bought 100k shares in mkt

i am looking at $10 to $11 at this bounce.

This post has been edited by prophetjul: Sep 9 2011, 08:06 AM

That's good. It will be awesome swing play if you get $10~$11. That's like 30% gain.