I've haven't looked at financials for the last week and missed out on the big moves across the board for the last 5 trading sessions. BAC, JPM, XLF, FAS... ..

and.. oh man.. IRE. WTF! Certainly a dead cat bounce.

Closing update
Dow 11370.06 -2.42 -0.02%
Nasdaq 2616.67 +7.51 +0.29%
S&P500 1233 +4.72 +0.38%

Flat and no decision day.



This post has been edited by danmooncake: Dec 10 2010, 07:40 AM

AIG bounce back with more than $5 increase yesterday. What a PUSH!!

indeed, they are paying off all the remainder of their debt back..

But watch YOKU, a Youtube Clone of China. Not even making money, and share up 20% daily. WTF!

So what you think of this counter? Good prospect or good for sake of goreng only?

I'd say ride the wave. Main street investors like the story. Trim off profit everytime there's a weakness?

I wonder why within 2 weeks, stock price action auto force me out from half my gambling positions remaining

8/10/10 pol 12.94 12.85 -0% riding ®
8/10/10 mscc 19.8 24.3 +22% ®
8/10/10 gol 17.23 15.40 (12%) potong
8/10/10 crox 14.72 17.46 +20% ®
12/11/10 ten 35.79 41.54 +16% ®
19/11/10 atml 10.22 11.93 +16% ®
puts option still negative value & gambling for the heck of it

Stocks had opened higher on news of a bigger-than-expected drop in weekly jobless claims, but soon faded. They spent the remainder of the session slowly crawling back. The NYSE composite and S&P 500 both rose 0.4%. The Nasdaq climbed 0.3%, extending its recent win streak to seven sessions. But the Dow slipped a fraction. Volume rose on Nasdaq and fell on NYSE. The Dow was fractionally lower, but only because it's a price-weighted index. Blue chips that rose the most were lower-priced; those that fell the most were higher-priced. The other major indexes are weighted by market cap.

You dare? Tell me how many share you are willing to gamble on this.

Tell me which China's based stock aside BAIDU (BIDU) can sustain their price for next 12 months?

For me, Baidu is still the best, followed byChina Mobile (CHL ) and Shanda (SNDA)

I just have a small stake in it unlike some big guns here that can trade at multiple times of mine. I was in on almost the opening price on the 2nd that it trade. My strategy is to sell my base stake once it has some weakness and then let the profit ride itself OR sell before its first quarter earnings. Then, short it before the results and then buy on the dips? I think Youku has the most potential in online video distributorship compared to Tudou.

Well, I don't know much as so many in house experts here like danmooncake, sulifeisgreat and zamans98. What'd ya guys think? I'm in because of the speculative play.

its good to come out from the forest & test ur ideas whether it works or not is another issue altogether
after hundreds of trades, u will get the hang of it & acquire some gut feelings ie. 6 cents
as long as ur winners outnumber ur losers, u r on ur way
below is not a cid investigation, its just a for fun query

well then, how do u define youku potential against tudou? any facts & figures to back up?
coz when trade is with or against u & ur emotions go haywire! u need to ask urself y u enter & wat was ur exit plan? any change to it?
imo forget about how much u lose or gain, do not look at the amount, convert it to % to keep ur emotion in balance
at the end of the year, u can go count the money physically after tt back to bolehland

for gambling play, can hang on la, but I not buying anything new since indexes near resistance, just riding positions
sell before earnings report is ok, but if indexes gostan, everyone follows
shorting it before the earnings report is quite an adventure for a stock with momentum
buy on dips is practical, but how u define it?

I can't really say about YOKU, its PA (Price Action) is very very strong.

One word : lock your profit use Trailing STOP. I close most of my trades nowadays with Trailing STOP GTC.

P/s : I rather buy LVS than YOKU, just personal preference.

lvs sinking & atml flying, I luv being on both sides of the fence sink baby sink! & fly baby fly!!

ATML - WTF... Might just buy AMD or MOT.

Yes, the PA is very very strong. However, it simmered down today. I sold off my base and riding on profits. Could have lock in at 48$ but I was outside of my trading platform (dating, lol) and could only check the price. Sigh, oh well! A gain is better than no gain.

ah, lovely. Its down. My take that the casino table will turn to DANG... yeeeee haaaaaa

One thing you need to learn is the magic of MOMO..

Look to this : Few days back they pushed IRE from 1.50$ to nearing $3.10. Then : WHAM... "bad news"
Others are stocks upgrades, helping each others.

Bank of Ireland (ADR) (NYSE:IRE) one of the top losers, declined 12.83% to $2.65.The stock opened at $2.9. The stock moved down after Fitch downgraded the rating of the debt. Credit ratings agency said that it will take several years before Ireland returns to an A status.

Shorts attacking YOKU now.. can't resist this overbought pig.

What happen to LVS?

Looks like all gambling stocks got punished today..MGM, WYNN, and LVS.
But, LVS got the worst of it today.

Since last week, LVS been trending down because Macau govt rejected their application
for the plot 7 and 8 for expansion. It was supposed to be immaterial because price for next qtr earnings
did not include plot 7 and 8 at all. Then, this week we got CNBC calling shorts because of trend, online gambling issues and organized prostitution caught at their Macau Venetian tonight. All bad news..

But, fundamentally, growth story still sound for long term. Sands China, Marina Bay .. taking huge profits.
Technicals: Watch the current support line now at 45.30 and 50dma at 44.86.
If this breaks next week, we'll see it gap down to fill that area between 41.25 and 43.6. I'll be buyer of dips.

Closing update for most bullish week for stocks
Dow 11410.32 +40.26 +0.35%
Nasdaq 2637.54 +20.87 +0.80%
S&P500 1240.40 +7.40 +0.60% (52 weeks high)

I guess nobody afraid of China raising interest rates this weekend. Commodities sold off but came back anyway.
Dollar didn't go down but just flat.

My only take on this is because those under invested funds want to take it to year end for higher profits and dump it early next year (same like last year).

This post has been edited by danmooncake: Dec 11 2010, 06:05 AM

8/10/10 pol 12.94 12.91 -0% riding ®
8/10/10 mscc 19.8 24.52 +22% ®
8/10/10 crox 14.72 17.74 +20% ®
12/11/10 ten 35.79 41.34 +16% ®
19/11/10 atml 10.22 12.41 +21% ®
17/11/10 vphm put Options Expiring Friday, January 21, 2011 strike price $15 is 0.75, currently $0.35 negative value
17/11/10 ten put Options Expiring Friday, January 21, 2011 strike price $34 is 2.2, currently $0.35 negative value
17/11/10 wti put Options Expiring Friday, January 21, 2011 strike price $15 is 0.95, currently $0.5 negative value
17/11/10 crox put Options Expiring Friday, March 18, 2011 strike price $16 is 2.4, currently $1.30 negative value
17/11/10 lvs put Options Expiring Friday, March 18, 2011 strike price $46 is 5.85, currently $5.4 negative value

1) The Nasdaq rose for an eighth day in a row Friday as stocks closed near session highs. The tech-tinged index popped 0.8%, while the S&P 500 added 0.6%. The NYSE composite rose 0.5% and the Dow 0.4%. Volume fell across the board.

Among industry groups, the day's best performers were a mix of the classy and the trashy. Top-rated groups such as computer networking and Internet networks did well. But so did laggards like hospitals and RV makers. About a dozen groups fell, but most not by much. Top-rated stocks are behaving well. Few leaders are crumbling.

Yet the indexes haven't climbed with the greatest strength. Although the Nasdaq rose for eight straight days, six came in declining volume. And Tuesday's session, which had a tiny gain in up volume, constituted stalling. When an index makes little price progress in heavier volume, it's a sign that funds are selling into the day's strength.

On the plus side, the Nasdaq has now strolled past its November and April highs. The next big test is its 2007 Halloween high. The Nasdaq is 8% off that peak. Except for the Dow, the major indexes are at new highs for the year. The NYSE made its highest close since September 2008.

No economic releases are scheduled for Monday. But key reports next week include a Fed decision (Tues.), producer prices (Tues.), retail sales (Tues.), Consumer prices (Wed.), Empire State factory index (Wed.), jobless claims (Thurs.), housing starts (Thurs.) and the Philly Fed index (Fri.).

2) Robust Chinese imports and exports data helped spur Beijing to put the screws on the country's banks yet again Friday to combat rising inflation, but the report also eased investor concerns of a hard landing next year. "Markets are worried about liquidity tightening, not really economic growth," said UBS economist Tao Wang.

While some analysts point to rising food prices as the main source of China's creeping inflation, more worried ones point to the economy's soaring money supply, which may be harder to tame. Property investment is still buoyant in China. Housing starts and sales remain at record highs, says Wang. And bank loans are above Beijing's targets.

After China's markets closed Friday, the central bank ordered banks to cut back on lending for the sixth time this year and the third time in a month. The People's Bank of China hiked required reserves by 50 basis points to 18.5%, another record high. Stronger-than-expected exports and imports in November fueled expectations that more tightening is on the way.

China's exports jumped 35% in November to $153.3 billion from a year earlier while imports rose 37% to $130.4 billion. Holiday-season demand from the U.S. and Europe boosted China's exports of clothing, mobile phones and high-tech products, Nomura analyst Tomo Kinoshita said in a research note. "If China starts to weaken, the prime culprit likely will be the overseas economies feeding their weakness back to China," said Don Straszheim, ISI Group's head of China Research.

Nov 17th was probably the bear head fake day when you got this.
But, it will probably jump another 12% by Monday if LVS re-test $44.10 low
You will be in the money to cash in or exit! Watch it!

thanks for this tip. will try it on my stocks.