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.

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.

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.

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.

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

Muhaha... seems like more people are joining the bear camp. Even bulls also want pullback.

Anyway, got this high flyer now being downgraded.
http://www.marketwatch.com/story/netflix-c...tein-2013-06-25

NFLX shorts certainly loving this.

Ka-ching! GLL $100 locked.. I'm out!
GLD 123.45.. maybe going to test 120 support soon.

Stocks rebounding a bit.. but precious metals like Gold and Silver getting smashed.

Market still moving up on 3 day.. on long side play tonight.
SP500 next target 1615.

Psst..Take a look at NLY (REIT) if someone wants to play some bounce for oversold condition.

Imo, 400 is support. Be nibble. Place your stop at about $5 below it.
AAPL likes to move in increments of $5.. when you get your $5, trim it and move on.

Psst.. also want to play a China speculative antivirus ship? Take a look at QIHU.
Nice bullish trend despite the bear rout. This thing gonna to target 49 again shortly.

Like I say speculative play only. Trade, not invest. Get in, get out to make money.

Now, that I'm out of GLL, I'm sad.
Got another gap down for GLD.. oh geez..

As long you're not holding options, you should be ok. AAPL stock price will come back at the 430 level.

If AAPL dives to 360, I'm in!

Day 3 on bounce day.. initial claims are consensus. So, bulls not afraid here.

SP500 target 1620-1625 seen as resistance. Let see if bulls got momentum to break through or not.

IMO, don't play long (bull) side for AAPL yet not it is ready for long term investment. It is still trying to find a bottom. Bears are in still control. Plenty of time later. It seem to want to see 380x again..

Short term trade still ok but bear side is more favorable for every $5 move up, just get some weekly PUTs.
Drops $5 on the next wave down, take profit to scalp.

Why Sony?

Muahaha.. the only thing I know and like about Sony is they make great game consoles (PSx)
and movies (Sony Pictures).

Allright...

Time for check up and see where we are at.. since we're halfway through 2013 already:

Dow up 13.8%
SP500 up 12.6%
Nasdaq up 12.7%

My trading portfolio: up 23%

This year, the market made a much faster upward move than the last two years during the first half and quickly corrected during the last month of the 1st half. I didn't expect this big move but heck, I'll take it!

For 2nd half, I expect the 3rd Q to be slower but still upward and 4th Q, we'll have another one yearly window dressing at the end - assuming no black swan event.

Cash on hand to play the short trading week ahead and I'll be off from Thursday evening onwards.

This post has been edited by danmooncake: Jun 29 2013, 10:35 PM