Thanks Sifu. Most of us are small time salary worker, so can buy 100-500 units of penny stocks (in NYSE penny = Below USD5!)

I unit of LVS now is USD51, used to be USD17

closing they already gostan. 3 of my holding hit trailing stop [CENX-, AMLN+, MU+], that is 20cts variance... fook. Small losses only, thanks to URRE, I covered it.
Only pending is DRYS... This one is stubborn...

Commodities counters took the bigger hit, especially with Coal, Silver and then Gold.
Depends, looks like market took an early dive. All started off with good news on C and Tax-rebate extension...

2 actually.

1st - US Treasury will be selling off all their holding [scam - not even all, always lying]. at 8.30, u can see J.P. Morgan selling C actively.
Read the spoiler. I got few variant of the average cost, some said $4.14, some says $4.35.. weird.


2 - share consolidation., just like KNM ... but this one has been going long. I believe after the Fed lelong finish, they will activate this one.
Overall good news was :  renewing Bush era tax cuts keeps his 2008 promise to protect the American middle class from an increase in tax rates

Duh. Okay, if you got time, read again all the write-up here.

I will make it simple. In 2008/2009, US Treasury + Federal Reserve Bank did a bailed out, under a program call TARP or Troubled ASSET RELIEF PROGRAM [watch Wall Street 2: Money never sleep] because Citi is too big to fail. Also in the same league is Bank of America, AIG, JPM and Freddie/Fannie, after learning a lesson from Bear Sterns and Lehman Brothers.

Example : AIG got a total of $70B under TARP, plus $127 billion on others credit facilities.

Refer here :
http://bailout.propublica.org/list
http://money.cnn.com/news/storysupplement/...bailouttracker/
http://bailout.propublica.org/entities/96-citigroup

Now, back to the story. As a open free economy, investors don't like a company to be government controlled, have a lot of bureaucracy and process to follow, which will limit their money making program.

Once the government is out, then you are free to run the company as you like, not as dictated or govern by some BS policy. That is a relief to many parties now, and Treasury C preferred shares are now almost left 2-3 billion shares.

Financial system is complex in US, mostly are fake, leveraging on toxic assets. [google for toxic asset]. These big banks are interlinked to many other support financial system and services, if one big taikor bank failed, the economy will failed and 2nd Great Depression will become a reality.

Next phase is to stop or weed out manipulator/speculator on C, just like what AIG did. Consolidate the share, make it expensive and reduce the # numbers of shares.

That is the general story on the surface. In fact, it is really complex, complicated web of lies.

More reading:
http://www.businessweek.com/magazine/conte...69032985454.htm
"Too Big to Fail " http://www.google.com.my/search?q=too+big+...lient=firefox-a

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!

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$$

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.

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.

Longkang again today.

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

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)