The big banks of US are in the "too big to fail" category.. so they will slowly climb.... err.. pushed back up by the "invisible hands" of US Fed.

This post has been edited by danmooncake: Oct 17 2012, 02:51 AM

if they able to move back that price in 10 years time, that's still a very handsome gain of 10-year CAGR 50-100%!

Ka ching..exit AAPL calls 649.90.. close enough...big one tonight... 105% gain.

still stuck in sogotrade due to bad investment. is it save to use sogotrade for long? it very common that company close shop in USA.

I want to buy AAPL stock and the price is 649.67. If I want to buy 1 lot , is that I need usd649k to buy one? I never deal with sucha big amount. Please help.

1 LOT? What do mean by 1 LOT? How many in your definition?

You can buy 1 SHARE... yes that is $649.79 (yesterday closing price) per share.

---

Added on October 17, 2012, 9:14 amAs long SogoTrade has SIPC protection.. your shares that you've bought through them is safe.
But, if you don't trust SogoTrade anymore, you can TRANSFER it out to another brokerage.. this is easy to do.
They'll will ask you to fill out some paperwork.

---

Added on October 17, 2012, 9:21 amGood.. then it is strong BUY now .. C got more room to expand now with them gone.

This post has been edited by danmooncake: Oct 17 2012, 09:21 AM

Yeap 1 share. Is that I need usd$649,000 to buy 1 share?

Nice profit Dan

So whats your call on the Dow now?

testing the 52 weeks high again

No, 1 share is US$649
10 x 649 = $6490
100 x 649 =$64,900

Or you may want to check the OPTIONS.

My current gambling positions +326% october options expiring and have to cash out soon, happy year 2012
await obama lose november election and hopefully gold will sink, when new monetary policy and budget in place

disca $2.80 now $4.5 +61% exited
bwld $7.10 now $4.61 -35% cut loss liao
ctrx (sxci) $10 (split) $5 now $15.7 +214%
lulu $19.20 now $14.05 -27% cut loss liao
dltr $12.16 now $14 +15% exited
tsco $98.50 now $95.81 -3%
hlf $68.74 now $56.02 -19% cut loss liao
aapl $560 now $649.79 +16%
dell $16.18 now $15.82 -2% swing trade fail, went below support line, cut loss
bac $8.2 now $7.75 -5% swing trade fail, went below support line, cut loss
mu $6.52 now $6.24 -4% swing trade fail, went below support line, cut loss
dia $11.60 now $11.2 -3%
dltr (split) $51.40 now $40.5 -21% cut loss
disca 50.91 now $61.87 +21%
bwld 86.19 now $89 +3%
disca $4.50 now $11.6 +157% Call Options Expiring Friday, October 19, 2012 strike price $50
gld $17.54 now $9.05 -48% Puts Options expiring Jan 18 2014 strike price $156
tuz $51.02 now $51.03 +0%
fivz $81.82 now $82.1 +0%
tenz $86.21 $87.91 +2%
ltpz $67.66 now $70.86 +4%

Congrats on overall but I was expecting LULU to perform better.

u must have been doing very well yourself too with the local ipo scene
too bad I did not do bottom fishing for lulu oh well, shit do happen and can't win them all

Ohh.. nice profits.

I've just finished watching 2nd debate.. Obama bounced backup this time. Romney falters on some facts but didn't do too bad. Both candidates didn't have clear specifics on how to reduce US huge deficits.. after year end regardless of who wins, if US congress doesn't do anything with fiscal cliff.. EVERYthing will go downhill. Watch for short opportunity here..

The rating agency (S&P,Moody and Fitch) will probably downgrade of US .. maybe we'll get that 20% pullback next year.

This post has been edited by danmooncake: Oct 17 2012, 11:56 AM

I stop trading in US market for next few months due to AWESOME IPO coming our way locally.

careful though, local erections cuming and dun wan to be caught with pants down, ride safely bro
but if holding period is forever, then no problem la

fishes are waiting for clear results after usa elections, then they start buying (but they r way too late to the party )
during that hooray period, momo can start sell their holdings to the fishes (we prepare for short )
few months later, momo use 'fiscal cliff 24hours news' to scare fishes again, to collect cheap shares (pullback yeeha )
the merry go round goes round and round, so just stick to the script and dun hear those biz news

Thanks man. Now I understand that. Just get confuse with 3 digits that never happen in klse. Alright once the options express got my details, i start to buy some.

why my one -90% return.

Aiyo..what is -90% return?

If one is holding equity and you get pummeled with -20% (that's max loss most pros will tolerate), must cabut already,
otherwise you don't have enough capital to play.

Anyway, BAC Q3 results came in better than expected.
EPS: 0.00 (break even) vs -0.07 (loss expected)
Revenue: 22.5 bln vs 21.89B (expected)
When less bad is good.


INTC getting crushed with poor results.. being downgraded.
- 8% drop in demand.
IBM also missed expectations..

Techs are showing profit warning signs.

Housing, banking and Tech are the 3 major windows for economy condition?
First 2 seems recovering, and one is down slightly.
So....uncertainty??

Don't risk more than 1% of your total capital in a trade. Let say if you have $100k to trade, each trade risk should not more than $1k. For options, stop usually around 20%-30% depending on how much risk you can stomach. If you lost that one, you still have 99 more times to try. That way you will never get -90% return again.