It was FUQI. It was completely FUcQ'ed now. Nothing but OTC pink sheet. It was a nice short after accounting shortfall. 
Don't INVEST in any of the speculative Chinese stocks especially if they've been listed only the last 2-3 years.
Only use them as short term trading vehicle.

Yes, that article highlights the big issues about reverse-merger technique used by many Chinese companies seeking listing in major market like NYSE but can't cope up with the strict accounting standards resulting in reinstatement that could shock many investors. Their bookkeeping in China is totally different from the world GAAP.  Perhaps only big companies like BIDU perhaps able to hire enough accountants or auditors to keep two different systems in check.

I'm looking into China's Amazon 
"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?

Slowly but still seems doubtful.

AAPL will be in tight trading range between now and end of the month.
I'm holding on my July calls spread too from around 326 area. I've sold June 340 calls which will expire this Friday.

Let's hope 325 hold and bounce up only after the quad witching this Friday. 

Yes, those options will decay especially when the market goes against you in the other direction.
Given even one day, a roundtrip back to the same price, can also decay. Therefore, one must be very careful when playing with options. That's why sometimes you've to play both sides (both calls and puts) and hedge with the underlying stocks as well. 

Closing for Thursday
Dow 11961.52 +64.25 +0.54%
Nasdaq 2623.70 -7.76 -0.29%
S&P500 1267.64 +2.22 +0.18%

Don't be fooled by the green shoots in Dow and SP500. There were some massive algo selling to trigger stop losses during the last 2 hours. Basically most of them recovered.  The next trading session is going to be really interesting.

I'm playing AAPL bulls calls spread again:  Bought 320 July Sold 330 June when AAPL was around 320.
It was huge bargain.    Looking to sell in the pop again perhaps the next trading session.

After Hours:
RIMM drops 15% after yet another disappointing quarter.

It has been like this for the past weeks... all rallies are sold into or just fade away by end of the day.

Yes, it may not make sense because AAPL now is below their stellar Q1 and Q2 earnings.
Their forward PE is incredible cheap!

IMO, long term investors do not have to worry too much, just keep accumulating it when it dips.
But, if you play with options.. watch out!

I've dumped all my AAPL right at open to take advantage of the pop. Now looking at reload opportunity.

Looking at around low 321~322 area.. for possibility.  MM are in control today with option expiration.
I think they're going to pin this below 325 to make sure June expire worthless.

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Added on June 17, 2011, 10:22 pmI got my AAPL 322.. reloading some here. 
Keeping an eye out for 320 as well.

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Added on June 17, 2011, 10:30 pm
Adding at 320.50. 

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Added on June 17, 2011, 10:43 pmKa-ching.. I'm out 323... good enough for this weekend! 

I'm up over 202% on my AAPL $320 weekly calls!! Just bought this at market open.
Freaking awesome!   I'm cashing out now.

Since we're waiting on the Greece thingy, I'm not waiting for SELL the news.
I'll re-buy if it looks safe later. 

Market got more juice!

Dow 12190.01 +109.63 +0.91%
Nasdaq 2687.26 +57.60 +2.19%
S&P500 1295.52 +17.16 +1.34%
Playing AAPL option is not for the faint of heart here.
AAPL is nice trading range (310-365)... it moves like a clockwork over the past 6 months.
It is still in a downtrend (since Jan highs).. but when it is below 325, it is buy. But, keep selling (go to PUTs) when it is
around 345 or higher.

It moves very fast especially the weeklies.  The trick here is to buy in small batches,
and load up as underlying price moves up.. I found by using the 15m chart with
20ema and 50ema line works best for AAPL during intra-day trading. As long as price remains over
the 20ema, 50ema, you're good to go. I never keep overnight when playing weeklies options. 

For swing trade over several days, monthly options, better scale in using wider spread and
always sell the front month or out-of-money options to offset the premiums.
When playing front month, I never keep over 5 days and if still underwater by 5th day..
that's means it working against you. I would cut loss.

I'm just for trading AAPL options now and waiting for more opportunity to load up on the commons.

I guess that's the same for any other stocks. You must know its price pattern and trading range.
Once you got a good handle on its underlying price action, you can manage the options part later.

Now, we'll see if the market can break up the resistance level or not.. SP500 - 1300, Dow 12250.
By the way, the summer of fear isn't over yet. 

That's usually your broker. Use the real time chart offered by your broker.

Anyway, I'm back in AAPL for another trade today.

In 325 for calls spread.. looking for 4-5 pts out today.
Everyone waiting for Bernanke speech. I'm hope to be out by then.

Got to day trade this market until sentiments improve.

Same as those copper mining stocks that I've trading: TCK and FCX.

Up up up.. looks like they're expecting Greece issue to temporarily go away for now for the bulls to come out and play.  Q2 ending, market wants to be positive for this quarter ending June 30. Could be another window dressing at play.

Going to meet up or test the resistance level (50MA) - SP500 1316-18 area soon.
Keeping those tight stops in place. 

Btw, looks like the financials are coming back. Looking at C, BAC, JPM, etc.. Both V and MA skyrocket because of debit card fees fears are overblown.  If financials truly coming, we could see a pretty good rally soon.

Are u getting any?

XLF  is a good bet now eh?
Buy XLF x 300 @ 15.27 done