in a day before the earning announcement... hehe

yesterday was on straddle and today the long leg is able to offset the put leg but limited profit.

This post has been edited by countdown: May 17 2013, 03:13 AM

1377 now. see 1355 punya support strong or now next week.

GLL price target achieved.. 89.50.. ka-ching.. I'm locking it right here.

wow, this super bull is so tireless....

Holding GLD till next Mon, possible will hit previous low. If break previous low, then it goes down the hill .

Watching GLD .. 129-130 support is crucial (or gold price at 1340-1350 level).
If falls again, I'll re-enter GLL quickly for another downside ride.

closed position of GLD, it doesn't move..dangerous

Gold hold support now - going to wait to see first. But shorting silver instead, silver tanking badly.

Can anyone suggest a few US stock trading platform with transaction cost to be used in Malaysia?

Hey guys,

I got short squeeze for JASO (most Solar related stocks are like screaming to upside with short squeeze) alert.
They got announcement they can met up with their debt obligation.

70% to the upside pop (from low $6) from yesterday.. going to see if the move can continue..
Here's some trading ideas, if pop again above 10, that's a buy and run again.
Define your stop at around 10 or buy again pulls back to 8.50 or so, stop at 8.

Good luck and let's make some money!

This post has been edited by danmooncake: May 21 2013, 09:45 PM

Cashing half on Silver (ZSL) on this pop here at 7% pop. Put rest on trailing.

Looking for big short opportunity if GLD falls below 130 (GLL is 2x short for Gold).

Watching AAPL CEO (T.Cook) testify to US congressional committee to answer questions on how/why they manage to escape
the burden of tax by using off shore tax haven.

Perhaps, you may want to put it at Lowyat.NET -> Roundtable Discussions -> Finance, Business and Investment House -> Stock Exchange TOPIC
instead of in Lowyat.NET -> Classifieds -> Services Noticeboard ( presently )

Interesting! Wondering what would be the final resolution.

No resolution but just fact finding by those slowpokes in Washington.

It is nothing really illegal but they are taking advantage of the avoidance to pay hefty tax (35%) by not repatriating their massive cash earnings and leaving it with their oversea corp (AOI in Ireland) so that they can re-invest back into their oversea stores.
Also, as they already acted, they would rather BORROW money at 2% interest and for share buy back and dividends than pay hefty tax on CASH that they already have to repatriate back to US.

Not AAPL doing it but others like GOOG, MSFT, GE, CSCO and other multinational also doing the same thing.
The problem is really the US corporate tax code to be blamed.

, nobody like to pay more taxes. Pay more taxes not keep your shareholder happy too.

So the hearing has no power at all? No wonder Job never waste time to attend that! Why Cook attend?

Well, if you're a CEO of one of the biggest public company in US and invited to testify in front of congress, you better show up
otherwise something bad could spew up because you don't want to hide anything.

AAPL testimony did nothing to hurt them but infact just highlight more shortcomings in US corporate tax laws which they are trying to change to favor more investment and growth. Right now, US taxes the companies (up to 35%) on profits (and if they bring it back), that's why a lot of multinationals prefer to keep them overseas. Furthermore, they don't buy US treasury eventho it is safe because the interest is too low. AAPL could have pay up to 25 bln more in taxes if they bring back the profits but they keep it off shore in a "stateless" with no tax residency. AAPL got some pretty smart accountants.

So the congress didn't request Job to attend such meeting before? He's so lucky.
35% is quite high, 100b becomes 65b, big loss on Apple stock valuation?

I think the US govt did ask Jobs to testify when he was still alive and CEO but it wasn't about tax issue. It was about privacy data collection by the iPhone after it was in the market for some time. Some users were concerned about how AAPL was collecting users info.

Anyway, yeah their corp tax rate was quite high and I think US congress is going to change that to match up with other OECD countries like 15-20%. AAPL is asking for single digit tax rate (less than 10%). Aiyo.. where can? If US govt can cut 10-15% off the corp tax, I think a lot of companies will be quite happy but whether it will simulate more investment and job growth or not, that's a wait and see game.