Opps..bad trade.. got kicked out for FCX at 46.15..added back at 46.05..
Putting stop at 45.90.

It could be.. FCX is US company play for China's appetite for copper. Much safer than direct play for Chinese stocks.

Here comes the warning shot...
Time to take some off the table..

SP 1339-1340 holding..

I'm covering my some of short position for FCX here..
Adding more long position in other account.

http://finance.yahoo.com/q/rr?s=IBM+Research+Reports ?

Here's what I got from my broker..

Earnings Summary
On 1/19/2012, IBM reported 4 quarter 2011 earnings of $4.71 per share. This result was in-line with the consensus of the 24 analysts following the company and beat last year's 4 quarter results by 12.68%.
The next earnings announcement is expected on 04/17/2012.

S&P MAINTAINS STRONG BUY OPINION ON SHARES OF INTERNATIONAL BUSINESS MACHINES
22 days 1 hours 8 minutes ago - Standard & Poor's
IBM posts Q4 operating EPS of $4.71, vs. $4.25, $0.09 above our estimate. For 2012, we look for revenue growth of 2%, as the company benefits from acquisitions, as well as strong gains in the software segment and in emerging markets. However, we expect the hardware segment to continue to lag. We see an incremental widening of operating margins this year on improved productivity and a favorable sales mix. We are lifting our 2012 EPS forecast $0.02 to $14.93 and introducing 2013's at $16.41. We reiterate our P/E-based 12-month target price of $205. IBM's PE ratio is below the Computer Services industry average and signals that investors are not willing to pay a premium for this stock. However, during the past year, earnings growth has lagged its historical five year growth rate.

This post has been edited by danmooncake: Feb 11 2012, 11:52 PM

Don't short tech like AAPL..downturn not here yet.
iPAD3 to be launched next month could create even more euphoria and bots buying.

But, I'm riding shorts on copper mining stock like FCX (very tradable: actually both long and short can win between 40'ish ~ 46).

Going to cover soon..

Update:
Dow 12,780.95 -97.33 -0.76%
SP500 1,343.23 -7.27 -0.54%

Looks like AAPL is finally showing weakness (under $500)...., first wave of stops triggered.
AAPL 497.67 -11.79 -2.31%

This post has been edited by danmooncake: Feb 16 2012, 07:34 AM

Time to take the money and run... Bears are going to emerge.
We need a -3 digits pull back or at least -200 pts on the Dow for this to have momentum.

Bear is actually pretty hard to play...

Darn it.. covered all my FCX shorts ($42).. going long again.

We know who.. it is GS...and those in control of the machines.


This post has been edited by danmooncake: Feb 18 2012, 12:16 AM

No bears to be seen.. bulls going to take it up one more notch tonight.

Riding on all my long calls..
Looking for 1365~1375 next. Going to take some money off the table if we get there.

Who's "they" ?

I say.. it all depends on the banks.. they're still holding a bunch of "foreclosed" properties
yet to be unloaded in the market. Watch them. Hopefully, 2012 is the bottom..

Strong resistance at 1360-1370-1375 area for S&P500.

Going to take some profits out here.. just need a one push up..
I'll sell into the rally and kick in my trailing stop.

Seriously, I don't think the REITs are rebounding yet in US. Recent Toll Brothers report is a tell-tale we're not there yet but HD report is promising.

I'm going to US this May/June timeframe for job interview and investor conference. I will be able to do more research as I talk to my counterpart.

Tonight: The jobless claims is ok.. no rise or left unchange but the moving averages are moving down (that's good).
Watching AAPL and LNKD tonight.

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

No.. we had just gust of bear pack smell and they're gone down..

For bears to come out, we need -3 digits..

Nice! That's because SLV broke above that $33.50 and managed to close above 200MA ($34).
Very good for 2x ETF like AGQ!!

My short term trading strategy for FCX.

Long: 41~42, Short: 44.40 (Resistance at 44.50)
Long: 44.85~45.25, Short: 46-47-48

The Dailies and Weeklies indicate neither at extreme buy or sell but at middle ground.
Therefore, I'll continuing to hedge both ways..

I'm out of LVS trading for now.. ran up too far. Will buy on pull back at around $50-$51.

This post has been edited by danmooncake: Feb 24 2012, 08:32 PM

I just took a brief look at YOKU price movement for last two days.. seems pretty good for short term trading.
Support: 19.50~20 Resistance: 24-25.. Strong buy volume came in yesterday.

Recent price action could be indication of usual run up by the big boys, usually prior to earnings.
I'll be interested to look at this again after earnings (perhaps after market close tonight) and see how it goes.

Anything less than -2 digits still a 'buy and dip' scenario but for each rally, I think we need to sell into it to lock in some profits. Between now and next month, we could see the pull back getting bigger as prices of Oil continues upward.