No China rates hike during weekend, all system still go for Santa rally.

Closing update:
Dow 11428.56 +18.24 +0.16%
Nasdaq 2624.91 -12.63 -0.48%
S&P500 1240.46 +0.06 +0.00

Sold off another batch of C @ 4.85 today. Leaving 1/4 to go..
If it goes above $5 by end of this week, then I'm out.



This post has been edited by danmooncake: Dec 14 2010, 09:12 AM

Dear bros and sifus,

I'm thinking to enter some bullets for MGM which until now stood in the range of $13. Do you think it's worth to buy and keep this stock? I believe once the casino biz is back in full swing and this stocks should bring some good gains for our investment.

Any views?

No santa Rally, as overall market is in RED. Its fake numbers, just like KLSE Composite at 4.55pm


Yes, if the econ. recovers, the Casino will fly to moon. But I will buy BAC$$

I already enter some BAC @ $11.35. However as try not to put all eggs into a basket, im looking to diversify thus gaming stocks such as MGM is one of my preferred stocks as the level is still at reasonable price (unlike LVS which although the group begin making good money but satill unwilling to buy at this price level). Will take a look into MGM tonight and shooting in if it breaks below $13.

Wow, not yet sold? Mine sold 1/2 @ 12.75 via Trailing STOP. Average BAC at 12.30

MGM - you can get it today. I'm looking forward to bad economics data today.

not yet sold bro, looking to make around $2 then I will sell it off.

bad economics data today? sounds scary....lol...anyway look fwd for tonight opening with M16 in hand.

We got major economic data today.

9:30pm Core Retail Sales m/m
9:30pm PPI m/m
9:30pm Retail Sales m/m

and mother of all news : 3:15am Federal Funds Rate

Good to pickup some weak stocks.

I'm looking to offload my "C" today for short-term gain (BP $4.15).

Do you think that will be a good move or should hold longer?

i think when econ recovers, most banks share will go up. so my bets are on the banks share

Use Trailing STOP, just let the system take care of it. My TS is always +15cts. Lock your profit.

Yes, econ okay, bank up.

YOKU can't short. Shiat..

Sifus, I am new to US markets and appreciate some advice.
I think foreign (American) funds will find its way back to the US after maximising profits in Asia and emerging mkts.

What Funds/ETFs can I buy that will be first to benefit from rise in US markets?

What will be 5 counters that has got good potential to go up 20% if american funds go "home" to the US?

I see comments on investors selling C at current prices. Does C has a medium term potential to go up much more, say to $8.00?

Thank you/

Let see : Hmm, fund is cheap in US, why wanna buy hot market stocks/shares? the available fund (profit) after dump is good to pay off the cheap loan.
Fund managers will not dump 50% of their holding to hot market, only partial. my take will be 19-20% of total fund for non-US market.

Citi - is purely speculative play.

Ok, based on your paradigm, best ETF are technologies, health care and banking.

http://www.indexuniverse.com/sections/etf-watch/
http://etfdb.com/

Big players:
http://www.direxionshares.com/etfs
http://www.invescopowershares.com/
http://us.ishares.com/home.htm

AIG $50.50

Nice pop!

Longkang again today.

No doubt DOW is green, most stocks under my watch are RED.

zaman, same here...although DOW is green but my other watchlist and possesion stocks are in red except AIG.

by the way how do you view your US stocks live price movement? For me, i view it from yahoo finance which does not have detailed buying and selling vols and I need something that I can view more.

Any recommendations?

Huh?

From your words, I can assume that you bought it via 3rd party (local securities firm)

I have 2 live trading accounts. 1. MB Trading for short to medium term. 2. J2Trade - day trade account (cheaper rate $2.50)

mine too. what's going on?? let see tonite

Thank you very much.
Wow, so much choices with ETFs. BLURR.....

Let me help you , based on broader market, volume/liquidity.

SPY - mirror Standard and Poor 500
GLD - Gold
SLV - Silver
XLF - Financial sector