Loaded up 1000 on NBG seeing it's trending upwards. Hopefully it'll hit $3 and I'll sell and make a nifty profit.

MEA is trending up as expected. Hope it hits $4

I'm still playing the bear side.. for now.

Re-enter a small position in TZA, may add to it of MA50 starts to slope down tonight,
otherwise I'll exit if SPX breaks above 1150.

This post has been edited by danmooncake: Sep 22 2010, 11:13 AM

The after-markets stock prices tumbled , getting ready for MEGA news.

Argh, should sell C at 4.00, then re-buy now. Too late.

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Added on September 22, 2010, 12:07 pmWhy MEA? any special thingy?

Ah, forgot about NBG. Will enter at 2.35

This post has been edited by zamans98: Sep 22 2010, 12:07 PM

I'm more of a small caps trader. Looking at good solid small caps companies who were hit hard by the financial crisis but still maintaining a good cash flow and revenue.

I've been trading ALY, MEA, GLBL just to name a few.

MEA mainly deals with scrap metals which is a big business in the States and is regularly churning up profits despite the economic downturn.

Good evening guys..

A quick check at the market tonight.. Gold soaring all time high!
almost $1300/oz.

Pushing ETF like GLD all time high..

Good for gold miners: AEM, EGO, GOLD, HL

Cheaper play for gold: SLV
Silver riding along..

Update: 12am
Sold TZA for this pullback. Waiting for pop again to re-short.

This post has been edited by danmooncake: Sep 23 2010, 12:10 AM

Gaaaa. GOLD!@@!

Umm, another "GOLD" is LVS : Everyday power up by 1-2%

Back in short. I think we're moving back down to re-test 200MA again.

Initial claims worse than expected: 465k up 12k from 453k prior week;

Closing update:
Dow 10662.42 -76.89 -0.72%
Nasdaq 2327.08 -7.47 -0.32%
S&P500 1124.83 -9.45 -0.83%

Finally! Confirmation bearish signal.


This post has been edited by danmooncake: Sep 24 2010, 04:40 AM

not really, just selling into strength. Today's data will still not do the deed for BEAR season.

I'm holding both TZA and FAZ bears shares now.. financials pulling back first, therefore, I've jumped back in.

Let see if bears can hold bulls from going back up during last day of trading.

Friday night trading:

Whoa.... bears got whacked. I'm got kicked out from FAZ.
Still holding TZA but if drops below 28. I'm out.

HPQ - finally! > $41.. getting ready to sell this pig.

This post has been edited by danmooncake: Sep 24 2010, 09:41 PM

ING getting higher too. can finally try to queue.....

when is C's turn?

C is such a lagger...

It is still trapped below this 3.90 level (50EMA). Need more buyer to bid this back up above 4.00.

Problem is.. when it hits 4.03~4.05, US govt directive to JPM is to sell their shares, suppressing the price
from going higher with a large supply. Until the US govt get rid off all their shares. It may be
difficult for C to see price to move back up.

Closing update:
Dow 10860.26 +197.84 +1.86%
Nasdaq 2381.22 +54.14 +2.33%
S&P500 1148.67 +23.84 +2.12%

Wahh.. finally US market got 4 weeks of gain. Closed also highest in 4 weeks.
The crazy bulls seem to have legs after all. Less down 150 pts away to Dow 11K again.

Got kicked out from my TZA @ 28, re-enter at $26.70 again.

C - unfortunately still below $4.

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Added on September 27, 2010, 9:16 pmSept 27th, premarket - looks like bulls wants to break ceiling at 1150.
No bad news seen. Got out from TZA for now.

Oil at 77, looks like it wants to rally up. Will wait at the sidelines and see. Letting my other long term stocks to ride up.

Closing update:
Dow 10812.04 -48.22 -0.44%
Nasdaq 2369.77 -11.45 -0.48%
S&P500 1142.16 -6.51 -0.57%

Only small pullback tonight. Some profit taking..



This post has been edited by danmooncake: Sep 28 2010, 04:29 AM

Nothing seems to be able to stop LVS> Marching on since $20/-

Agree, LVS must be bought on every kind of a pull back. Just like NFLX.
Absolutely going to the moon.

Back in short.. TZA @ 27.20, perhaps for intraday only.

Update: 9:50pm
Out 28.. quick scalping.

Update: 10:00pm
Back in 27.80..

Update: 10:10pm
Out 28.05..

Done for today. Gotta to day trade by scalping to make money.

Was watching LVS.. doesn't even want to pull down to any negative level
despite not so good consumer confidence data.

This post has been edited by danmooncake: Sep 28 2010, 10:34 PM

Sold off MEA at $4. Made a nifty 30% profit there in 2 weeks.

HNR is up 15% today. Was up 14% yesterday. We'll see if it hits the $11 range tonight. Highest it's ever been since March 09.

Small caps stocks are really raging on tonight.

Closing update
Dow 10858.14 +46.10 +0.43%
Nasdaq 2379.59 +9.82 +0.41%
S&P500 1147.70 +5.54 +0.49%

The bulls managed to score 1150 today near closing.

Managed to get a small batch of TZA @ 25.95.

Aye, but need to glued to the screen. Like last nite, I clicked to trade. Suddenly the price falled when DOW retraced. Then, while watching movie, it shoot up +55cts from off low. I'm caught off guard and the correct expression is WTF!


MEA - risky like PN17 Malaysian Co.

Harvest Natural Resources Inc. rose 14.3 percent to $10.40.(NYSE:HNR)
Par Technology Corp. rose 8.3 percent to $6.00. (NYSE: PTC)


*********************************************************************
My PORTFOLIO :
AA (almost 1 year now, not even moving)
STEC - average 15$. Sold partially last month when it reaches the highest level
KLIC - cash rich, been rangebound from 5.50-6.20$. Bought at high price of $7
HPQ - moving back to my entry price of $44.55. After market up due to "good" news
INTC - bought it when it broke $18.35
S - my current scalping stock
NBG - for fun Trade - entered last nite at $2.25
C - mother trucker! sold partially at $4.01 few days back but still about 1/3 of all

**********************************************************************

seems like bull is controlling the market,wat do u guys think?

NO, its still BEARISH. Its a mini-bull. Expecting a pull back anytime soon. Wait for MOTHER NEWS of ALL - which is EMPLOYMENT data.

Up coming mega-news
1 OCT : ISM Manufacturing PMI
4 OCT : Pending Home Sales m/m
5 OCT: ISM Non-Manufacturing PMI
6 OCT: ADP Non-Farm Employment Change
7 OCT : Unemployment Claims
8 OCT: Unemployment Rate+Non-Farm Employment Change

Looking for the next big bear rally to buy into a couple of oil exploration companies hit by the BP scandal.

I wonder C, BAC and FAS will rebound? ANybody have any idea? I'm locked in at 4.54$, 18.72$ and 26.50$ respectively. These stocks r killing my portfolio.