Does anyone still care what those rating agents say

As a trader, the short answer is yes, because that's how they use this as excuse to move the market.

Everything was fine and dandy since last week (coordinated loan, and China relax on restriction).. but somehow, they'll come up with some excuses to pull it back down and this may be it.

Tread lightly..

Cant happen until this friday

Still have 2 or 3 more days to go

Sometimes, you have to make a decision before they make the decision. Don't be surprised if you do see market makes its move well ahead of the Friday news.

Just sayin'

Market still upward bias...

dear all sifus, i bought AMR at the price $0.42 and it raise until $0.59 now. I need suggestion when should i sell it out.

Nice pop! It never hurts to take some profit!

Closing for Dec 6th
Dow 12150.13 +52.30 +0.43%
Nasdaq 2649.56 -6.20 -0.23%
S&P500 1258.47 +1.39 +0.11%

AMR closing price: 0.70 +0.28 +67.02%

Kakiayam: At 0.42, now at 0.70, that's +42.8% gain. Congrats!

This post has been edited by danmooncake: Dec 7 2011, 10:45 AM

0.704 +0.282 (67.02%) Wow

my target price is sell about 600-700 shares at $1. Any suggestion?

Walau..you guys veli daring....buying bankrupt company....

no risk no gain. hope i can really gain it before it become zero

Guys whats your take on tmr EU summit outcomee???? Sell on news or really got good news coming out???

Good luck to you. Just remember what the subject line says in this thread, "Bulls-Bears HUAT AH!! Pigs get slaughter"
We all know about the animal spirit in all of us.. just don't not become the animal in the latter.

Anyway, I'm loaded up some puts for my long shares yesterday into close as insurance.
The EU Summit has too much enthusiasm going into this Friday. I don't trust this rally
and I think we're due for at least a small pull back soon here.

sold 1000 shares@0.90 took back modal + some profit. another 1000 shares hope could raise 1.3-1.4

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Added on December 8, 2011, 12:59 amWell done!

Covered my puts at SPX 1245.. that's the pull back that I was looking for. Entered some long calls here.
Set in trailing stop. Watching that 1255 line.. if can't get over. Time to take profit and short again.

This post has been edited by danmooncake: Dec 8 2011, 01:00 AM

woot, crazy AMR up so much.
I only can watch from sideline..

still bleeding hard. need to revamp portfolio all in to LVS or MGM.

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Added on December 8, 2011, 1:14 amNice. will short AMR at 1.00

This post has been edited by zamans98: Dec 8 2011, 01:14 AM

Out from my calls, back into PUTs!

Z: If you're playing LVS, it is in bearish mode.
Wait till around 44'ish. or best 42-43 support area. It is in this still this trading range: 42~48'ish.




This post has been edited by danmooncake: Dec 8 2011, 01:21 AM

DMC, you are still hot on OPTIONS... I've not touched OPTIONS for 6months i believe.

Now focusing to revamp my portfolio. Wanna keep 2 stocks MAX.
One is YOKU and another one MGM or LVS.

Yeah, I'm still playing options together with my common stocks.
Just using it as hedge, that's all by selling those covered calls or puts. They're money maker.

I'm not touching any Chinese stocks.. at the moment. Too unpredictable.
But, I am trading those gambling stocks which have exposure in China (Macau).

I'm still trading heavy on LVS.. (big money maker) and a little of MPEL (another good trading stock).
Recently, playing some PUTs for WYNN (downtrend still working).

This post has been edited by danmooncake: Dec 8 2011, 01:59 AM

S&P 500 failed 3rd attempt to close above 200 day MA

This resistance is strong

This post has been edited by Myoswee: Dec 8 2011, 08:31 AM