Yes, it is 8:30pm Malaysia time tonight...

Looking for 200,000 jobs private sector or another downwards tick in revision of UE.

I think some of them are.. but some of them aren't. It depends on which one.
You can compare them at Yahoo for 12 months, 24 months and 5 years too.

Also, past performances doesn't always mean future will be the same.

Some of these funds, you have to look deeper to see what inside.
It takes time to do the research.

This post has been edited by danmooncake: Jun 7 2013, 04:19 PM

UE percentage jump up, numbers were less than 200k.
That's means Fed not going to taper!

It's a BUY signal! Bulls win! Don't short!

Oh yeah.. short that useless piece of metal. Risk mode back on.

I did.. there's always two sides of the trade.

The gold bugs are actually in a LOT of pain. Anyone who bought since last year is still under water. The entire 2012 revenue is gone.
Those who bought stocks instead of gold in 2012 got as high as 20% in earnings. Those who bought physical gold actually could be losing -40% if they bought at the peak because they have to actually pay up to +20% for those physical gold bar and also have to pay a fee to store them.

IMO, Gold is not the investment after 2010 because the inflation fear is simply not there. Those who bought thinking Gold will hit $2000/oz are still dreaming.. when they hear this and they buy, this is when hedge funds will sell into them and hand them the big bag.

This post has been edited by danmooncake: Jun 8 2013, 12:02 AM

Not really.. stocks will either have to hit new high within a week or so or it will just trade around a range bound cycle for the next few months.
But now, the BUY signal is here.. we're moving up! Just buy the dip again and don't fight this trend.

Not worry about debt ceiling or useless credit ratings. After S&P downgrade, market went EVEN HIGHER!
Therefore there is very little thing they can do. Uncle Ben still in control of the market. He's flying in his helicopter giving out money.

In this market... bad econ numbers are good for market, and good numbers are bad for market.
Just move opposite side.. LOL!

This post has been edited by danmooncake: Jun 7 2013, 11:57 PM

I find MBTrading fees are very attractive (as low as $1 per 100 shrs) if you trade a lot and don't mind the less-than-stellar platform. But, the MBT Deskpro seems frustrating to use especially for charting. Not as powerful like ToS (ThinkorSwim). Options also cheap at MBT Deskpro. Options tools are limited but ok if you're just a normal trader.

One think I find lacking too is MBTrading execution is not that fast. Eg. If you manage to bid lowest price of the day, your low bid don't get executed until LOD is one pt below your bid. WTF?

ToS on TDA has no issue on this. I tested this when both I bid the same on two platforms, my ToS execution hits at the same time when LOD hits. MBT Pro bid just sit there.. as if nothing happens. I think MBT uses a very slow exchange and your bid is at the last part of the queue.

This post has been edited by danmooncake: Jun 10 2013, 12:42 AM

Moving up...

Still green-lah.. top: 450, low 442.. still ok mah.

I'll still seeing good support at 435 level..

Air drop look cool! Looks like they're chasing after Samsung bump phone feature.

Got some AAPL calls in the 435... I'm holding here, and moving up my stop.
Market in red but AAPL good for now.

Guys,

Bears won't wake up until DOW below 15k or SP500 below 1600.
So, bulls here still got advantage.

IMO, market is overbought this year.. I like to see a selldown of at least 10% or more!

Come 'mon sell sell sell.

I'm about to lose it if it falls back below 440 but I'll lock in the profits if it happens.

We haven't got a $VIX > 30 for long time.. not since the serious street fighting in Greece against austerity.
If $vix goes to 30, I want to see -20% down from top! Not meager -10%.

IMO, the rising Yuan is so meager, it actually hasn't cause exports to diminish that much. But, the austerity measure in Europe is the major cause for the past few quarters, that China is seeing the declining exports to them, furthermore, China now is being put on the "extra' tariff by EU because they're dumping their goods. China got themselves to blame, they were clearly warned yet their State sponsored companies continue to get large substantial amount of subsidies to overproduce those solar panels.

Some of the China bulls were harping the 'bubble' isn't there but merely going to be tapered off with more restrictive lending by the govt and their govt wants a 'soft' landing. But, their financial market is in a death spiral for the past 3 years. Maybe there is a huge disconnect, maybe not but we all know we can't trust the financial statements published by the China-based companies in China because their 'dual' accounting reports.

If there is indeed a bubble, eventually, it will correct itself with a blow up.. it's about time the real estate there go kaboom with those ridiculous inflated prices.

I don't mean to discourage you but newbie should stay clear of AAPL. I mean it.
Once you get burned, you'll never return.

Just pick a few less volatile ones or simply invest in general index like Dow (DIA) or SP500 (SPY) for now.

Waah.. you're playing very dangerous game. That's too much in one sector alone.

For me, I don't buy and hold Chinese related stocks anymore.. all of them usually trade (usually short side) and go and most of them have either have low PE or extremely high PE. No middle ground.

Sure man, they'll launch new products. But, market is not kind to those new products if it is just another cycle.
Take a look at share price before iPhone5 launch last Sept. Fast fwd 3 months (one quarter) later and their BIGGEST quarter
when they're expecting to have the biggest earnings in Q1 2013. So, what happened?

Whatever you do, better watch your portfolio carefully. Chinese stocks taken to the cleaners very easily even for those big name ones like BIDU, DANG, RENN or SINA. Either they stay flat or down almost 50% for the past 12-24 months.

The small caps ones can go to zero or get de-listed easily. A lot of them did because they fail to report their earnings timely and then suddenly we hear of accounting fraud. What a scam.. how did those pirates get listed in the first place?

Yeah.. same goes for the auditors. They knew something is wrong, then they resign themselves and the company postpones their quarterly report. That's when we see the stock price begin to decline immediately. After delisted, SEC may take action over after a few years because it is extremely difficult to get China to cooperate because those Chinese companies won't release their audit or financial report in detail to SEC. By that time, it is too late.

See how that works? They want to get listed in US stock exhange, they publish all sorts of financial reports and accounting
info before listed, and after listed, if something goes bad, they cite Chinese govt laws prohibit them from releasing accounting info because it is state secret. Therefore, it is extremely difficult for the US regulators go after them. Best thing to do is just to ban these pirate ships from being listed.

This post has been edited by danmooncake: Jun 12 2013, 08:55 PM