Yeah but hold two weeks.. only get 30c?

There are stocks that can give you more than $1 move within a day..
if for trading purpose..it can make you more money that way.

Frack!! US Feds are intervening again... got stop out of Puts.
They're not letting this thing go down yet.
All pumping on hot air now..

Thank goodness for the pull back tonight.. market realized that not cheering for the Fed's a good thing.
What a head fake.

Now, let continue on more pull back here.
$SPX short term target = 1385.. (15 pts to go)

I think some people have said J2T has horrible uptime, response and bad customer service. Unfortunately, I don't know if true since I don't use 'em.

Depending on how often and size of your trade... certain commissions plan (eg. from MBTrading) can be worth it.
Eg. MBT just charge me $1 for each 100 shares to trade. But, if you've large volume, look for flat-rate prices (eg. TDAmeritrade.. $10 commission for 1million shares in a single transaction )

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Added on August 24, 2012, 9:47 amWell, I hope it will walk itself down the stairs.. and not waterfall.
Usually, if it goes whoosh.. the bounce back is equally hard.



This post has been edited by danmooncake: Aug 24 2012, 09:47 AM

MBT. So, I like it because it's cheap... for low volume trade or quick day trade if you want to scalp.

For large volume.. I like TDAmeritrade ($10 for unlimited number of shares per transaction).

Update Friday Aug 24 evening:
SPX drops to 1398.. bounced back hard. Got back above 1405.. bumped into resistance 1409. Dead cat bounce.
Need SPX to settle between 1405 and 1409 into close, otherwise the bulls will take back control.

This post has been edited by danmooncake: Aug 24 2012, 11:59 PM

I don't think I will expect "huge" up for AAPL because the expectation is already there for AAPL to win.
AAPL got awarded half of their monetary claims (despite winning 6/7), Samsung will appeal the verdict, and if they settle (both Giants still have to work together for other stuff in the market, ironically AAPL cpu is made by Samsung), it could be less than 1 bln later. Anyway, 1 bln is probably like nothing to both of these companies.

This post has been edited by danmooncake: Aug 26 2012, 10:23 PM

Sounds like you must be one heck of AAPL fanboy!

I'm not saying this verdict doesn't have any impact on the smartphones market. I'm sayin how the financial market will react will be different from what we may be expecting. The market have short term memory.. AAPL wins today.. we see it a lift up..but later, it's all could be forgotten.

Both Samsung and AAPL combined have taken the all the profits in the world. Others android phone makers now have to make sure their stuff doesn't infringe AAPL patents.

So, AAPL won, do you go all in? I won't. Look at the market capital of AAPL now. This is a beast.

By Sept 20, the US judge will decide how far it will go to block Samsung phone sales in US (it won't apply Samsung Galaxy S3) - Samsung will have to update its software to change the infringed portion.

In terms of trading, AAPL price could hit 700 but it could be this week or next month or next year - who knows.
But, I'm not too bullish at this level. It's good to be cautious as always.

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Added on August 27, 2012, 9:47 pmI don't think it have any major impact to GOOG because GOOG already stated it all depends on how far the phone makers going about implementing their phones or tweak their OS. GOOG gave it away free but if the phone makers choose to rip off copy of the other's phone.. they are responsible for any legal issues, not GOOG. Samsung got into trouble because of its own action.



This post has been edited by danmooncake: Aug 27 2012, 09:53 PM

pinkdevil - how come all your responses sounded like a troll?

You just can't stand it when others aren't jumping in on the
bandwagon like what you're doing with AAPL aren't you?

Buying anything on Wallstreet is speculation.. and that's nothing wrong with that. We're all speculating anyway to make money but AAPL fanboy seems to be really delirious permabull - pounding the table all the time, keep BUY'ing when the market is already at 52 weeks high - hoping to score double.

Like I've said earlier this week, I don't expect this AAPL fruit to keep flying despite their win from Samsung. Turns out to be correct. It's basically flat instead of the permabull called for hitting $700 by end of the week.
Thanks for buying those calls..they will likely expire worthless by tonight.

Quinn, thanks for sharing.. now that's useful info.

For AAPL, I'm looking for a possible long side trade at around 625-630 as tier 1, 565-575 as tier 2.

Can you run a quick check on your ichmoku indicator for MPEL and LVS?

Just mother shares for MPEL and options for LVS.
I was holding tons of MPEL.. took huge load profit @ 12'ish.. reduced substantially now.
Iron condor play for LVS @ Sept expiration (must maintain between 40 and 45) for me to grab profits.

This post has been edited by danmooncake: Sep 4 2012, 06:47 AM

I think LVS not going anywhere this month. Looking at lots of supply to chew thru above $45 and pretty good support at 38/39 area.
Anyway, I got 3 weeks to play it out in this month for the premium to melt.. and will abandon ship if this breaks outside my range.
PM you my email. Thanks!

Actually, the invisible hands came back and still holding this up...

Let's blame it on AAPL!!

This post has been edited by danmooncake: Sep 5 2012, 11:52 AM

Time to play silver (SLV) and gold (GLD) again.. bullish indicator just pop on my screen on these two precious metals.
Tomorrow, ECB possibly going to roll out the bazooka for money printing.

No, not yet. I'm holding my collection here. They just turned on the money printing machines.
Tomorrow, US also got the job numbers. Then, I'll sell into the next rally for profits.

Yeah! Crazy bulls!

Also, GOOG is going to touch $700 before AAPL!

This post has been edited by danmooncake: Sep 7 2012, 02:02 AM

Nice! Lots of rumor going around to pump and juice this market up..

Now, tonight I'm taking some profits here. Got a huge run up on my MPEL and CAT trades.

Got to watch for my LVS options trade here also.. if this darn thing breaks above $44, it's going to get too close
$45 for comfort.

This post has been edited by danmooncake: Sep 7 2012, 10:12 PM

Ya.. got my cash for abalone and shark fins soup dinner this weekend!!

But, next week I got to watch the price action for LVS.. if this breaks out from 45..
I may have to cut it loose.

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Added on September 11, 2012, 5:33 amMonday Sept 10.

LVS closed 43.41, delta -2.01%. 17 days to go.

This post has been edited by danmooncake: Sep 11 2012, 05:33 AM

If LVS closes above $45 by Sept expiration. Then, I will lose money otherwise as long it closes below $45, I still do ok.

Anyway, I setup TDA many years ago, non-US residents can open account - no problem.
Now, I do not know.

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Added on September 11, 2012, 9:40 pmI think I will try to cash some out before Wed (German court decision) or Thurs (FOMC meeting).
I think Market is pricing into these moves with the surge last Friday, a little pull back on yesterday and continue on tonight.

Time to take some off the table first.

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Added on September 12, 2012, 9:37 am

FB alert: Zuckerberg finally came out and say.. "hey I care" and "time to double down".
This quickly translated into 3% pop today.. so, I'm watching the bullish cross over to $20 here.
If this happens.. imo, there's trading opportunity to make quick money. FB is a heavily shorted stock.. and could trigger a squeeze all the way to $24 and higher area. All speculation at this level only. I'm going to see if I can put a little money to play here.


This post has been edited by danmooncake: Sep 12 2012, 09:37 AM

For this one, I'm going to play commons. Not options. Maybe a couple of hundreds shares for giggles.
See what happens later.

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Added on September 12, 2012, 9:05 pmYes, they will honor it as long you also remit it to the ACCOUNT number that you've been given.

Also, you can put your family name in CAPS or separated by comma.

For examples:

Jin Ming WONG
WONG, Jin Ming
Wong, Jin Ming

It is difficult to say which one is the best broker.. because there's no such thing. It is a matter of preference. Some prefer no frills- cheapy account like just2trade or MBTrading. Some people like full course buffett style like Charles Schwab or TDAmeritrade...
Just give one or two a try.. if you don't like it. Then close the account and move to another one.

This post has been edited by danmooncake: Sep 12 2012, 09:05 PM