US stock discussion v4, Bulls-Bears HUAT AH!! Pigs get slaughter
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 Sep 26 2011, 09:08 AM
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#21
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All Stars
10,123 posts Joined: Aug 2007 
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One by one, the world markets are dropping into bear territory.
I don't think US market could escape this.. I think it will skim the surface here and drop into it. The reaction could be pretty violent if SP500 1101 breaks. It could get there within one trading day with just another 3.5% drop. I'll be adding more to my puts if 1101 breaks.  Next week could be really really interesting as it is end of the month, yet another record of worst month of the year for bulls, best month yet for bears. Get ready folks... this could be really interesting show. |
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Sep 27 2011, 12:47 AM
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#22
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All Stars
10,123 posts Joined: Aug 2007
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Copper still down $3.25. Copper looks like start of bottom'ing here but needs a few more trading days to confirm.
Oil hanging at $79-$80.. Oil still doing ok. I like Oil around here (75-80) micro range. So, I'm planning to scale in my energy stocks play.  My LVS trade: So far still working. Range play: 38-48 38-40'ish - Buy area 48-50'ish - Sell area Own a bunch of commons averaging 35'ish. Exited all my puts tonight, still got some sold $50 covered calls which I will buy back or let it expire later. AAPL trade: Rock solid with $350, $380 and $400 Nov and Jan calls spread. SP500 micro range: Backtest to 1121 last Friday.. going for 1180 next.  |
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Sep 27 2011, 09:45 AM
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#23
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(jasontoh @ Sep 27 2011, 08:45 AM) Guys, what do you guys think of C or BAC? Don't touch individual banks but buy XLF better. |
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Sep 27 2011, 09:15 PM
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#24
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(Myoswee @ Sep 27 2011, 08:46 PM) OH Shoot Don't short when the bears about to turn. Go long here.. not short. Dow future super green My shorts kena trap   Wait for small pull back and go long! |
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Sep 28 2011, 09:05 PM
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#25
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(Myoswee @ Sep 28 2011, 08:35 PM) Fed. Reserve chairman Ben Bernanke is speaking at 5 PM ET today, at the Cleveland Clinic Ideas for Tomorrow speaker series. He will speak on "lessons from emerging market economies on sources of sustained growth". There will be a press conference after, and markets could expect an announcement Uh oh... Uncle Ben opening his mouth again  |
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Sep 29 2011, 08:52 PM
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#26
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(zamans98 @ Sep 29 2011, 03:05 PM) Finally ---> AGQ share split, to control the price la, what else... Nice.. just more buying again for 2x ETF again like AGQ.The split will apply to shareholders of record as of the close of the markets on October 10, 2011, payable after the close of the markets on October 12, 2011. The fund will trade at its post-split price on October 13, 2011. The ticker symbol and CUSIP number for the fund will not change. The split will decrease the price per share of the fund with a proportionate increase in the number of shares outstanding. For example, for a 2-for-1 split, every pre-split share held by a shareholder will result in the receipt of two post-split shares, which will be priced at half of the net asset value (“NAV”) of a pre-split share. SOS : http://etfdailynews.com/2011/09/28/proshar...gq-srs-ycs-sdp/ |
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Sep 30 2011, 07:47 PM
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#27
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All Stars
10,123 posts Joined: Aug 2007
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Certainly looks something going to break here.. money are being moved out from a lot of high beta stocks.
Even AAPL and LVS got hammered.. thank goodness for puts protection. This post has been edited by danmooncake: Sep 30 2011, 07:47 PM |
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Oct 1 2011, 04:17 AM
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#28
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All Stars
10,123 posts Joined: Aug 2007
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Closing for this month and quarter.
 Dow 10913.38 -240.60 -2.16% Nasdaq 2415.40 -65.36 -2.63% S&P500 1131.42 -28.98 -2.50% |
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Oct 3 2011, 10:21 AM
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#29
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All Stars
10,123 posts Joined: Aug 2007
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Line in 'Las Vegas' Sands for me at $35.50.
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Oct 4 2011, 11:01 PM
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#30
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All Stars
10,123 posts Joined: Aug 2007
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Still going strong.. riding this "bear" market. We're official now.
Let see how well the bears can take this down. I'm gotta cautious here.. lots of bulls now are planning for major assault because we're oversold. It needs to go back up a little for more bear support but if we dive straight again to 1050, the bounce will be equally strong. |
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Oct 5 2011, 09:07 AM
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#31
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(Myoswee @ Oct 5 2011, 08:44 AM) Bulls back in vengeance Yes indeed. It was right out of the gate, we dive and short covering began. Had to cover all my 1st shorts batch and during the 2nd wave up, all shorts are buried. Once that 1101 line was broken at the last hour, it's a buy buy buy.Luckily i have my trailing stops ready. Now lets wait for another lower high The FT times cooked up stories about possible bail out plan by Euro. All BS! The market saw the oversold condition, one big whosh to the bottom to shake off the longs, and off it goes. Got to play the long side now for a few days here. |
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Oct 5 2011, 09:38 AM
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#32
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(ronn77 @ Oct 5 2011, 09:22 AM) Financial stocks bleeding like there's no tomorrow. I'm staying away from financials eventho they're pretty attractive.Should we go in right now? Price are damn tempting... |
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Oct 5 2011, 10:44 PM
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#33
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All Stars
10,123 posts Joined: Aug 2007
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I'm on my 3rd rotation for LVS now (price range:36-50). Added more at $36.25-$36.50 area yesterday.
This time, I've slightly lowered my high price target to 48-49 area. It may take 3-4 weeks or more to get there, hopefully before they report earnings. Then, sell into earnings. We're now moving north again. Buy dips on this second day of bounce but keep those trailing stops in place to protect profits. Let's ride this bear market rally. Good luck to all! |
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Oct 6 2011, 12:45 AM
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#34
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All Stars
10,123 posts Joined: Aug 2007
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Midday report: Stocks moving up.. but they're starting to stall off.
Watching that rising SP500 50ema line: 1115 <- this got to hold! Put those TRAILING stops in place now to protect your profits! |
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Oct 7 2011, 09:38 AM
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#35
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All Stars
10,123 posts Joined: Aug 2007
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The bulls gathered more friends, making back all the lost friends that has commited suicide since Monday evening.
Dow 11123.33 +183.38 +1.68% Nasdaq 2506.82 +46.31 +1.88% S&P500 1164.97 +20.94 +1.83% So, I'll continue to stay long.. got plenty of leg room and buffer to 50MA line. This post has been edited by danmooncake: Oct 7 2011, 09:38 AM |
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Oct 7 2011, 08:37 PM
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#36
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All Stars
10,123 posts Joined: Aug 2007
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We got better than unexpected UE numbers tonight.. so I'm going to sell some into the small rally here for the weekend.
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Oct 7 2011, 10:51 PM
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#37
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(zamans98 @ Oct 7 2011, 09:31 PM) missed the chance of loading LVS @ 39. MPEL is also a better buy than MGM despite higher PE because all of its earnings are from Macau. MPEL is higher than MGM... MGM still hemorrhaging from Las Vegas because of its City Center properties. |
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Oct 8 2011, 10:16 AM
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#38
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(ngaisteve1 @ Oct 7 2011, 11:59 PM) danmooncake, short rally over or going to over already? No, just taking some profits.. always take a little profits after 3 days of uptrend.I'm still holding half of what I've bought when SPX500 was around 1080. So, I got lots of ceiling buffer in case Monday we tank, I can still sell and get profits. If we continue higher, I'll just set my trailing stop and let it go if it falls back. |
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Oct 8 2011, 08:59 PM
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#39
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(SKY 1809 @ Oct 8 2011, 10:39 AM) Good time to buy , sell and short within a certain range. Yes, the US market is literally still within range.. but it is in the downward trend consolidating and being compressed.Making 10 to 20% profit each round , or perhaps 100% for options like call warrants  We can see range getting tighter and cycle volatility has increased because the ceiling is coming down fast and the floor is getting weaker. As for 100% options? Well, it can easily turn into -100% too. The new SP500 floor is 1075 but weak.. soon, I think we may see 1050, then next support will be 1010, which is last year low. So be prepared. Just continue buy and trade for now by riding this wave. |
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Oct 10 2011, 08:57 PM
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#40
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(mIssfROGY @ Oct 10 2011, 04:05 PM) Arghhh shit this sogotrade, bought over by another co.....have to resend all documents to them again!! Now account is frozen becoz i ignored their previous mails....anybody kena also?? It is like that lah. Cheap discount company will be taken over by new company. So, don't be surprise later if they jack up their commissions later. So, if you don't like SogoTrade anymore, just don't waste time and send them docs.Sighh...lucky still got firsttrade hmmmf!! WHy so mafarn one.....cannot reuse old doc mehs? :/ ok sorry my fault...heheh just wanna vent anger here  Just close it and open another account. Added on October 10, 2011, 10:20 pmBulls are strong tonight.. 50MA taken. Covering all shorts position! This post has been edited by danmooncake: Oct 10 2011, 10:20 PM |
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