Already red here.. all being sold into the gap up open. Everybody wants their money back.
I'll continue to staying on the bear side trade for every pop for now and I'll close some bear positions at close for the weekend to cash out.

Good for bears to come back but it will be fast and short here unless SP500 breaks below 200ma, then it is going to be a few months of play time.

10Y Treasury Yield at 2.5% already...

REITs and dividend stocks in danger.

This post has been edited by yok70: Jun 22 2013, 12:41 AM

look at Apple... BUY Q at 400 long options. Duh, why u no down?

Fagbook holding the line, didn't hit my Buy x300 @24

A writing on Apple:
http://seekingalpha.com/article/1515082-st...es?source=yahoo

It said, "What's more compelling is that the bonds it recently issued become less valuable as rates increase, allowing Apple to book an accounting profit on the reduction in the debt. It is essentially shorting its own long-term bonds, while at the same time investing in short-term securities. "

What does it mean? I don't understand. Isn't the interest rate payment for the bond holder fixed rate? Then what's the difference for whether the bond is "valuable" or not?
Sifu please teach me.

Aha.. I see. Yes, the (bond) interest rate is fixed and the investor will get what he/she invested at maturity but the issue is as interest rate rises, the bond value goes down. If the investor does not hold the bond till maturity, he/she decides to sell it, then they'll lose money -that's why bond holders now are nervous.

The author of the article is implying that AAPL knows about the rising interests therefore short sell its own bond (which it already has a fix interest at time of sale) and take the profits to buy short term higher interest securities. I am not sure if AAPL plans to do that but it's just so happen coincidentally Fed plans to 'taper' down next year news got the bond bears excited.
AAPL may or may not be able to take advantage of this but the fact is AAPL already got more than 100 blns in long term investments outside USA which it already accumulated more than the interests it's paying for bond holders. I don't think this is a big deal.

Share prices move only when there is game changer product.. now everyone wants to know what next big thing coming out from AAPL lab.

This post has been edited by danmooncake: Jun 24 2013, 12:34 PM

Holy molly, another rout.. more scare from China (SSC -5.3%).
Futures selling off again, we now at -5.2% pullback, going to -10% correction.

Mark Mobius: China's Problems as Big as US Subprime

Here it comes, the perfect combination for storm.

Chinese market really good for proxy shorts.. every year the same thing, when it gets to 3000, bam,
they hit it again. Same pattern.

Now, almost back to neckline.

Now I understand. Thanks!

Ya, this is not a big thing for Apple. Just that with this, bulls are convinced that Apple has some pretty smart management teams, which is essential for a company to be defined as "good".
As some disappointment from Galaxy S4 already speaks for itself that continue innovation is very tough to maintain, when the focus switch back to realistic sales numbers and earnings instead of conceptual market share and leaderships, share price performance may return. I mean middle class is growing fast, as long as earnings is good and sales is strong, there is no need to fear of losing some market share. And the next big thing, none of the companies, including Samsung, are visible to us for now.

wow. if repeat history, need to get back to 1500, that's another 40% to drop!

It is very strange..that's why a lot investors don't play Chinese market. It is very speculative.. no fundamentals.
Most china based company prefer to be listed in HongKong (Hang Seng) or US Nasdaq. But, now US regulators are looking
closely at Chinese based companies going to backdoor because too many of them gives fake financials report and then declare bankrupt and left investors with useless stock.

Dow -225 pts, SP -26 pts, I've left half of my bear share GLL on the table last week.
Almost $99-$100 now.. ready for me exit soon.

I tot you ask for it

I can't imagine we back to 1500.

I don't mind actually. For SSE to drop 40%, HKSE probably will only drop 20%, that's good to buy more stocks for long term. Maybe can leverage to buy also. As in long term, I hardly see China could go wrong with current policies (fighting for transparency and a better financial system)

This post has been edited by yok70: Jun 24 2013, 10:52 PM

Damn, US market rebounding now

Drop more please

It will... but not straight down.. Down 200, up 100, down 100, up 50.. overall still down right?
Bear rally mode.

really rebounding....aiya, dun lah.

DJIA Year-To-Date > 11% and S&P 500 Year-To-Date > 10% .. Still HIGH percentage ( % ) YTD ..

Per historical charts, yearly average growth ~ 5-6% per year .. Need more Bear to step in.
VIX spike ! Many FM plans to take long summer vacation this year. Hence, Start to plot and monitor yr weekly
excel charts to find attractive discount counters. Common Stocks Uncommon Profits and The Intelligent Investor

This post has been edited by netmask8: Jun 25 2013, 01:54 PM