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 US stock discussion v3, Double Bottom coming?

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TSzamans98
post Aug 18 2010, 11:59 AM

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I canceled my LVS short Q.

Will focus on C and S only. Perhaps will re-look again on EK. LYG.

danmooncake
post Aug 18 2010, 11:20 PM

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Something moving X up...in a down market. Unusual activity detected. hmm.gif
TSzamans98
post Aug 18 2010, 11:51 PM

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QUOTE(danmooncake @ Aug 18 2010, 11:20 PM)
Something moving X up...in a down market. Unusual activity detected.   hmm.gif
*
and move the market to -7pts now from -60pts. C is very solid, can't catch at 3.85. Maybe will pickup some now at 3.88 (nice number no?)


Added on August 18, 2010, 11:54 pm
Thu Aug 19
8:30pm Unemployment Claims
10:00am Philly Fed Manufacturing Index

I canceled all my buy Q. Will buy tomorrow.

This post has been edited by zamans98: Aug 18 2010, 11:54 PM
cloud9_lee
post Aug 19 2010, 12:52 AM

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I guess can short LVS at $32 or so.

Well but, I dont dare.


Added on August 19, 2010, 12:56 ammy MGM has no energy at all.

Bought at $9.80 since few weeks back.

Let's see how it goes.

This post has been edited by cloud9_lee: Aug 19 2010, 12:56 AM
danmooncake
post Aug 19 2010, 04:56 AM

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Closing update
Dow 10415.54 +9.69 +0.09%
Nasdaq 2215.70 +6.26 +0.28%
S&P500 1094.16 +1.62 +0.15%


Open red, went green, almost tag 1100 ceiling again, rejected and came back down.
Still positive but I think we'll sell off at open tomorrow. Double top scenario.
Got a bit of TZA @ 33.60 to ride this one down a bit. Wish me luck.. laugh.gif

This post has been edited by danmooncake: Aug 19 2010, 06:17 AM
TSzamans98
post Aug 19 2010, 08:35 PM

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pre-market down. Unemployment claim is not favorable.
Yes, time to pickup C, S and let's short LVS>..

danmooncake
post Aug 19 2010, 09:42 PM

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Got out from TZA 35.10 this morning during dip.. small profit. biggrin.gif


TSzamans98
post Aug 19 2010, 09:45 PM

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Intel buying McAfee .. MFE jumped 60%. WTF. missed ...
danmooncake
post Aug 19 2010, 09:56 PM

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QUOTE(zamans98 @ Aug 19 2010, 09:45 PM)
Intel buying McAfee .. MFE jumped 60%. WTF. missed ...
*
Wow..MFE not even my radar but not too good for INTC shareholders.

I just found that another possible take over is X. That's why its shares were up these past two days.
No confirmation yet of the buyout rumor. If true, X could rally to $60~$70.

Update: 10pm

Crap.. Philly Fed came out with -7 pts. That's bad news for manufacturing. Sold my TZA too soon. sad.gif

This post has been edited by danmooncake: Aug 19 2010, 10:02 PM
Charlie82
post Aug 19 2010, 10:51 PM

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QUOTE(zamans98 @ Aug 19 2010, 08:35 PM)
pre-market down. Unemployment claim is not favorable.
Yes, time to pickup C, S and let's short LVS>..
*
Dow recovering a bit now from earlier
Am queuing C at 3.80, any luck?

Again 3.82 looks like got plenty of support hmm.gif

This post has been edited by Charlie82: Aug 19 2010, 11:01 PM
TSzamans98
post Aug 19 2010, 11:56 PM

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QUOTE(Charlie82 @ Aug 19 2010, 10:51 PM)
Dow recovering a bit now from earlier
Am queuing C at 3.80, any luck?

Again 3.82 looks like got plenty of support  hmm.gif
*
Maybe, place your order. Market nearing -200pts.

I bought some at 3.83. Luckily I canceled all my Que yesterday. Jumped into S at 4.27 x 2000 - now straight down to 4.20. Aiyoh. Q again at 4.15 2000.
danmooncake
post Aug 20 2010, 12:16 AM

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Be careful. SP500 close to testing the support line low at 1070 here. I think if we
take another 10 pts below here to 1060 and break below that, we
could go back to 1010 or below.

I taking a small position for CRUS @ 17.65, SL $17.

Still waiting for LVS to pull back - that's seems like a forever wait. hmm.gif


This post has been edited by danmooncake: Aug 20 2010, 12:24 AM
TSzamans98
post Aug 20 2010, 12:43 AM

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QUOTE(danmooncake @ Aug 20 2010, 12:16 AM)

Still waiting for LVS to pull back - that's seems like a forever wait.  hmm.gif
*
LVS rebounded from low. On another note, I failed to get S @ 3.15, and not even any at 3.20.
danmooncake
post Aug 20 2010, 02:45 AM

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QUOTE(zamans98 @ Aug 20 2010, 12:43 AM)
LVS rebounded from low.  On another note, I failed to get S @ 3.15, and not even any at 3.20.
*
Did S drop below $4? sweat.gif If so, Oh boy.. that would not be good.

Anyway, I think SP500 support at 1070 should hold for tonight. Some bounced from
some shorts covering and bargain hunters.

I'm a little pissed I missed the 2 additional pts run up for TZA tonight. Sigh.. can't win them all. sad.gif

Closing update
Dow 10271.21 -144.33 -1.39%
Nasdaq 2178.95 -36.75 -1.66%
S&P500 1075.63 -18.53 -1.69%


This post has been edited by danmooncake: Aug 20 2010, 06:05 AM
TSzamans98
post Aug 20 2010, 06:06 AM

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QUOTE(danmooncake @ Aug 20 2010, 02:45 AM)
Did S drop below $4?  sweat.gif If so, Oh boy.. that would not be good.

Anyway, I think SP500 support at 1070 should hold for tonight. Some bounced from
some shorts covering and bargain hunters.

I'm a little pissed I missed the 2 additional pts run up for TZA tonight. Sigh.. can't win them all.  sad.gif
*
lol, no - it was a typo error. always mistaken it with EK

4.20 low, 4.25 close. I got on average at 4.29. Just checked, that I placed another order x600 @ 4.35. Didn't canceled it. doh.gif

H-P's Lesjak: Customers 'Behind Us 100%' >HPQ

» Click to show Spoiler - click again to hide... «


This post has been edited by zamans98: Aug 20 2010, 06:08 AM
danmooncake
post Aug 20 2010, 08:28 PM

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Looks like cheap sale tonight.. biggrin.gif

I may nip some here if we dive down near Dow 10K. nod.gif
TSzamans98
post Aug 20 2010, 09:36 PM

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QUOTE(danmooncake @ Aug 20 2010, 08:28 PM)
Looks like cheap sale tonight..  biggrin.gif

I may nip some here if we dive down near Dow 10K.  nod.gif
*
OPEX day. If sentiment is weak, perhaps it will be down by -100pts, DOG Jones. SPX could re-visit 1055
danmooncake
post Aug 20 2010, 10:20 PM

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Bailed out from CRUS premarket 17.30 with small loss. Looking for another entry at 15/16 level later.
I'm still holding to HPQ..looking to add another position at 39'ish.

No capitulation selling yet.


TSzamans98
post Aug 21 2010, 01:16 AM

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Well well well.

S now back to 4.15. Picking up some. C stubborn, never cross 4.70 (Q x 2000)


danmooncake
post Aug 21 2010, 02:09 AM

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QUOTE(zamans98 @ Aug 21 2010, 01:16 AM)
Well well well.

S now back to 4.15. Picking up some. C stubborn, never cross 4.70 (Q x 2000)
*
Same here..volume is low. I think early next week, we may see some capitulation selling.
C may see 3.65 as a quick gap down. I'm queuing up in batches if 3.70 doesn't fill today.

1000 C @ 3.70
1000 C @ 3.65
1000 C @ 3.50

This post has been edited by danmooncake: Aug 21 2010, 02:10 AM

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