Looks I'm going take profits on my AAPL calls tonight.. very close to $600 here.

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Added on July 3, 2012, 11:27 pmKa-ching!! AAPL hits my price target for some profits.. so, I'm exiting 3/4 of short term calls here. 65% gains in 3 trading days. Thank you AAPL!

This post has been edited by danmooncake: Jul 3 2012, 11:28 PM

That's the beauty of Options! Congrats!

]

There's beauty and there's also ugliness. It all depends if you're on the right side or not. If at the wrong side,
it is a wealth destruction vehicle because of time issue. So, have to tread carefully.

Tonight, we got nice pull back here after the ugly job numbers.
Let see if SPX can hold 1350 or not. If can stay above it.. go long with stop around 1345.

IMO, this will help to setup a nice base for the next mini trading range (1350~1370).

all h3ll broke loose..
portfolio down by 1,000$

volatile volatile market.

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Added on July 7, 2012, 1:04 amthanks!

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Added on July 7, 2012, 1:04 amno sell no loose.

This post has been edited by yok70: Jul 7 2012, 01:04 AM

but I borrowed Broker's fund to trade ma...

Z: Goodness..did you take on the "ah long" broker margin?

Anyway, both SP500 and Dow aren't looking too healthy tonight. Dow almost -200 pts.

I'm looking for late buyers to come in towards in the end to bring this back up - for short covering otherwise
I'll abandon my positions at $SPX 1349 by closing or get stopped out at 1345 whichever come first.

yes i did. LVS looks soooooooo "delicious"

Yup! 41.50~41.60.. time to get some here.

I entered big chuck at 43,45 and 42. Now bleeding heavily.

IMO, you're ok.. here avg around 43-44 area. When this thing move, it will move.
Let this thing do its thing trying to consolidate at the lower 40x level. I think it got a few small gaps to fill.

Hopefully earnings will bring this back to the high 49/50s level later.

My portfolio is super red. Down by 25% due to LVS and YOKU.

LVS is really coming closer to 40 mark....should i buy yet? wondering how low can this market go before QE announcement....

This post has been edited by yok70: Jul 12 2012, 02:41 AM

Best thing to do is don't expect QE at all. Just keep earnings in mind..then trade into it to make profits.
IMO, LVS~40 is attractive here. I would like start accumulating a few positions here.. let see how it goes.
But, for other reasons, I like the price action for MPEL better..

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Added on July 12, 2012, 10:23 pmWhoosh.. got some LVS @ 39.50 and MPEL 10.05 here. I think we may see more weakness but I'll start accumulating here.



This post has been edited by danmooncake: Jul 12 2012, 10:23 PM

below 40! my buying target finally becomes reality.

The following could be the reason for recent low.

CHICAGO (MarketWatch) -- Nevada's gambling revenue fell sharply in May as declining volumes at both table games and slot machines cut into the take of the state's casino operators, the Nevada Gaming Control Board reported Thursday. Revenue statewide fell 10% to $885 million while the Las Vegas Strip, which accounts for more than half the total, slumped 18% to $475 million. The news helped drag down shares of gambling companies with MGM Resorts MGM -2.74% , Las Vegas Sands LVS -3.83% and Wynn Resorts WYNN -2.87% all down about 4%.



This post has been edited by yok70: Jul 13 2012, 01:26 AM

Well... Vegas revenue shrinking..imo, non-issue and it's no difference since the downturn in '08.

LVS now getting over 80% of their revenue from Macau and Singapore but the slowdown in China could
be the worrying factor.

This post has been edited by danmooncake: Jul 13 2012, 02:20 AM

I see. Thanks for the info!
China seems to need to take a little while to get back on its "high growing feet". Nowadays for China, grow is not enough. People are expecting high high growth only feel satisfy! Consumers' spending power actually quite affected by news flow as many are not jobless, just about sentiment of spending. I mean those who can afford to go spend money in Macau and Singapore.

This post has been edited by yok70: Jul 13 2012, 04:03 AM

China GDP growth rate was at 9.5~10% just a year plus ago.
Now, we talking about 8~8.5%, which is still quite a significant positive number which is line with their goal after cooling down.

Just look at Europe: Growth rate: -1%

This is the world 2nd largest economy and soon to be largest.. one has to wonder..sometimes what the heck does
the street expect?

This post has been edited by danmooncake: Jul 13 2012, 05:04 AM

Coca Cola stock split coming.

a good friday for dj
hope bursa follows