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 US stock discussion v3, Double Bottom coming?

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danmooncake
post Sep 9 2011, 07:57 AM

Market Up, Market Down...Wheee..
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QUOTE(prophetjul @ Sep 9 2011, 07:50 AM)
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   biggrin.gif
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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. smile.gif

This post has been edited by danmooncake: Sep 9 2011, 07:58 AM
danmooncake
post Sep 9 2011, 08:25 AM

Market Up, Market Down...Wheee..
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QUOTE(prophetjul @ Sep 9 2011, 08:03 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.
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That's good. It will be awesome swing play if you get $10~$11. That's like 30% gain.
danmooncake
post Sep 12 2011, 09:32 PM

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At this level, I'm looking forward to buy at support.

Let see if it can happen, SPX = 1120-1125 area..
danmooncake
post Sep 12 2011, 10:02 PM

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QUOTE(honglun @ Sep 12 2011, 09:55 PM)
Kinda tough looking at how it bounce back from morning open...hmm
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Gap down.. lots of support at 1140 area (or Dow 10850) which was last week low.
Going to day trade around this area until its settles.

Added on September 13, 2011, 1:33 am
Sell the rally.. shorts seem to be wining here! smile.gif

Need to push it down a little further.



This post has been edited by danmooncake: Sep 13 2011, 07:06 AM
danmooncake
post Sep 13 2011, 09:08 PM

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Still at the battle ground here.. SPX 1150~1160 area.

Let see if US will follow Europe market to try to grind itself higher or just stalls.
danmooncake
post Sep 13 2011, 09:34 PM

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QUOTE(honglun @ Sep 13 2011, 09:26 PM)
Dan, I think US will hold...just a hunch. I think they are trying to price-in greece...
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It is possible.. but I'm selling any pop if we get it, just to lock in my profits or have my trailing stops take it out.
If it dips, then I'll buy.
danmooncake
post Sep 14 2011, 08:11 AM

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QUOTE(prophetjul @ Sep 14 2011, 07:11 AM)
Dump 10,000 SVM at $8.5 on Friday...........this is getting intriguing but dont want to take the risk

PHEw*  look at the continous dumping and shorting!  sweat.gif

Dwon another $1.54 to $6.30........another 20%!
After hours $6.19!

Something is brewing and gatta give..........

Glad i am not holding........in PM miners learn how to not go against the trend......  sweat.gif
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WOW! That's really ugly for SVM. What's happened? I think something fishy going on..
danmooncake
post Sep 14 2011, 08:45 PM

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QUOTE(ronn77 @ Sep 14 2011, 08:56 AM)
Waiting for LVS to go up by another $1 is like waiting for it to reach $100/share.

Dan sifu, shall I wait or let it go now? My t/p is $48.90
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I think LVS is doing great! Better steady rise than parabolic move which tends to crash land.
Beautiful chart in the making so far for this 3 months. Above the 50dma and 200dma. bullish cross happened 3 days ago. But, I'm seeing the 48-50 area as resistance spot.

I'm selling some $50 cover calls in this area. I'm still holding a batch of LVS averaging now at $36 (after earnings from cover calls and puts for the past 3 weeks).

IMO, LVS needs more volume and momentum to pierce through the $50-$52 area.
Perhaps next month Q3 earnings will help.

Added on September 14, 2011, 8:50 pm
QUOTE(prophetjul @ Sep 14 2011, 10:20 AM)
Really is fishy.....not waitng to find out as a bagholder!
It appears legit........

http://www.wsw.com/webcast/rrshq20/svm/

Howver, we will see.......could still emerge as a STEAL of the year.
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As with many Chinese small caps.. it is pretty risky because of probably lack of stricter accounting system.
If they don't add up, sell first, ask questions later.

This post has been edited by danmooncake: Sep 14 2011, 08:50 PM
danmooncake
post Jun 14 2013, 10:15 AM

Market Up, Market Down...Wheee..
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QUOTE(jubs @ Jun 14 2013, 09:56 AM)
I have been searching a while and come through this.    I am interested in US Stock trading, can Sifu Sifu here share some experience of what online trading facilities as well as local securities company and comparison of their commision etc ... ??
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Alamak.. that's odd.. how come old thread suddenly re-surface? blink.gif

Please see V4.
https://forum.lowyat.net/topic/2027841/+2820 wink.gif

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