http://forum.lowyat.net/topic/1476526

EXCEEDED LIMIT OF 2500 POST, HINDSIGHT IS 20/20, DO MOVE FORWARD
obama speeches r great! alwiz market goes down one
ok, guys & gals, the topic is now belong to u
all those who likes to ask FAQ questions such as brokers, commission & etc. pls refer to earlier version & those prior to it

good good, finally a new version.

Reporting in (even though I don't dabble in US stocks )

After all, what happens in the US affects the rest of the world.

Dow at -331 now ............. will there be a double dip? Will Unker Ben save us? Time will tell

WTH

My DDM 9% gain whip out in 2 trading days

Dow 10992.13 -303.68 -2.69%
Nasdaq 2467.99 -61.15 -2.42%
S&P500 1154.23 -31.67 -2.67%

The bears win this week!

Got to be real cautious next week.. the band is getting tight here and swing trade needs to be fast
to take profit before it makes its move. After closing out some of my short positions, I'm 2/3 long, 1/3 short now.

This post has been edited by danmooncake: Sep 10 2011, 09:25 AM

Mind to share how you 2/3 long, 1/3 short?

In my trading portfolio, I have approx 65% in long positions, approx. 35% in short positions.

This post has been edited by danmooncake: Sep 10 2011, 09:44 AM

Obama payroll tax plan kinda checkmate the GOP.

Giving more incentives to the poor. And Fed Ben QE 3.

Time for long , right ?

That plan is more or less the same thing like the 1st stimulus (800bln) that was poured into the economy. More than half of them are entitlements programs which didn't go anywhere. So, this is half of the 1st.. IMO, and yet, didn't really address specific how it will help spur job growth because there's that entitlement for unemployment benefits again.

This is going to be tough sell for the Republican house unless he can show he can do it without increasing the deficit.

I like see it dives a little lower before I go 100% long.. that's why I'm hedging with some shorts now.

Obama speech looks like good news, sounds like good news

But market tank 3%

My long position totally got killed

Don't worry, it will go back up.. just be patience.
We're still in trading range: 1100 to 1250

Hopefully, you're long BELOW 1250. Otherwise it's going take some time.

We are only 400 points away from the Aug 9 low

Once it is violated

The bears going to get rampage

Impacted by Euro mah.

US exports are growing , the plus factor.

China may want to open up factories ( FDI ) in US.

Obama sold the idea to China but is not pushing hard on that. Too many laws in US for stopping FDI flowing in the country.

Just my view.

It will be meritorious to do some compilation as thread starter.

Nasuada.

Its US's jackpot if china really did FDI in US. Creating jobs and pumping some money into their horrendous economy. I wonder what's the law hindering the Chinese?

Nasuada.

Found this site with TA analysis.

www.stockta.com

US is one country with 2 Governments

Later may become North and South Korea.

Obama is fighting a cival war with the Congress now.

Do not think US has any promotional packages for FDI right now.

Actually, it is much easier for foreign companies to invest in US than for US companies to invest in China.

In China (just like Malaysia), if you're multinational, you're forced to partner with the local company and
you need to share your technology. The Chinese govt is very discriminatory in offering contracts to companies and most of the time favor domestic companies. But, they do make it easier for companies to setup factories for manufacturing goods that are to be exported but make it difficult to sell to the Chinese consumers.

In US, you don't have to do that. Chinese companies can start and grab market share if they're capable because they have to same level of playing field. Maybe the exclusion portion that US govt contracts are related to military supplier - those must be US based companies.

For foreign companies, the only hurdles are the costs are high because labour, health care and taxes. The taxes actually varies because different states (there 50 states) offer different incentives for foreign companies. Some states now offer up to 2 years of tax free status. Again, it isn't so much of the Fed govt offering FDI incentives. Each states are independently competing for FDI and they have their own.

---

Added on September 11, 2011, 1:05 amDefinitely.. that's why got to watch that level. If it breaks.. just close eye and short till the next support level.
IMO, Europe is going to that troublemaker who will cause the major bulls mass suicide over the cliff.

This post has been edited by danmooncake: Sep 11 2011, 01:06 AM

1. determine what type of trader you are
http://www.tharptradertest.com/default.aspx?question=1

2. books for reading
http://forum.lowyat.net/index.php?showtopic=538473&hl=

3. seminars
http://forum.lowyat.net/index.php?showtopic=1670965&hl=

4. hedge fund
http://forum.lowyat.net/index.php?showtopic=1727398&hl=

5. index fund
http://forum.lowyat.net/index.php?showtopic=1266690&hl=

6. fair value
http://forum.lowyat.net/topic/1627421

7. warren buffet http://www.berkshirehathaway.com/
http://forum.lowyat.net/index.php?showtopic=1738276&hl=

I am curious, 99% lyn forumers worship warren buffet. But, then I ask did they follow sifu to invest in usa or berkshire itself. They run away and stick to bolehland. Bunch of hypocrites! When any of his lovers mention and idolizes him again or his books.

I just want to know. Have you all been able to put theory into practice and enjoy the moolah? Nothing to hide, they need to show their master is great and their own performance will speak for itself

I use technical analysis and my year 2011 klse performance +392% my target is +500%, miss by 108%. oh well, better than be IIVC
http://forum.lowyat.net/topic/1678458/+120 Post #137 last updated position +157%
http://forum.lowyat.net/topic/2039094/+1060?hl=bimb Post #1067 bimb +50%
http://forum.lowyat.net/topic/1764184/+1180 Post #1197 early yr2011 +185%

8. many moons ago debate on TA vs FA
http://forum.lowyat.net/index.php?showtopic=708693&hl=

9. portfolios of the giants
http://stockpickr.com/list/mostviewed/1/

10. I spent 1,XXX reading FA from Warren Buffet and my portfolio move as fast as a siput after that, spent 1X,XXX to learn TA from my sifu William Wermine http://www.tradethetruth.com/ and my 1XX,XXX portfolio went bust I then sit back and contemplate what went wrong, reread up Bill books, notes, did trial and error subscribing to USA website and voila The journey of a thousand miles began with a single step. Failure and tuition fees by the stock market itself is your best teacher http://pdfreebooks.org/0-tradeinstocks.htm Learning to detach my emotions and taking the time to understand and make the comparison between theory and practice from Jesse Livermore book did it for me Remember to share the knowledge and do not charge anything Pit your skills, live and real time against others, put it to the real world economic cycle test and rejoice as I crush my competitors
Kilgore in Apocalypse Now : I love the smell of napalm in the morning http://www.youtube.com/watch?v=sBksHaTQCbU You can do it too

11. Steven Jobs was asked to give the 2005 commencement speech at Stanford.

In that address, delivered after Mr. Jobs was told he had cancer but before it was clear that it would ultimately claim his life, Mr. Jobs told his audience that “death is very likely the single best invention of life. It is life’s change agent.”

The benefit of death, he said, is you know not to waste life living someone else’s choices.

“Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition.”

http://finance.yahoo.com/news/With-Time-Ru...9&asset=&ccode=

12. Traders often pass through a series of 5 stages before becoming successful. In order, these are:

i. Unconscious Incompetence- Brand new traders enter at this stage, full of excitement and overconfidence that they will amass riches overnight. “How hard could it be? Price either goes up or down, right?” one may ask. The trader funds his account and starts quickly, taking lots of trades and unknowingly take on lots of risk. After a few initial successes, he is disappointed that price somehow turns on him every time he enters and he subsequently takes revenge by doubling up on new trades.

ii. Conscious Competence- After realizing how out of touch with the reality and danger of the market he was, the trader progresses to the next stage and sets out to educate himself by buying loads of systems, ebooks, and courses, searching for the “holy grail.” The trader seeks advice and entry signals from other traders in forums who brag about their earnings and wonders why it’s not him.

iii. The “Eureka” Moment- At this stage the trader finally realizes that it’s not necessarily the system that’s causing him to lose money, and that even a simple system that is based on how the market works and has a predictable edge can make money, so long as emotions are under control and the trader practices good money management. Once the trader realizes this, he/she can stop caring about what others are saying or trading and stick to one system. The trader executes trades with discipline every time an opportunity comes and doesn’t get disappointed by individual losses as it’s now a certainty that this type of trading will result in a profit over the long run. The light at the end of the tunnel is now visible.

iv. Conscious Competence- At the fourth stage the trader now makes trades whenever the system instructs him to, and the trader is fully accepting the risk involved. The trader furthermore cuts losses short and gets out with discipline when things get hairy in the market. Although it’s not quite second nature yet, he knows what it takes to be profitable and now manages to break-even.

v. Unconscious Competence- Finally the trader has achieved victory! He has become so used to trading that it’s become natural. The trader is now able to pick really big trades and hold on to big winners with confidence. Furthermore, he has mastered his emotions and is now profitable.

Source from internet



13. Jesse Livermore Gems

a) http://www.jesse-livermore.net/chapter1.php

Another lesson I learned early is that there is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I've never forgotten that. I suppose I really manage to remember when and how it happened. The fact that I remember that way is my way of capitalizing experience.

The fluctuations were from the first associated in my mind with upward or downward movements. Of course there is always a reason for fluctuations, but the tape does not concern itself with the why and wherefore. It doesn't go into explanations. I didn't ask the tape why when I was fourteen, and I don't ask it today, at forty. The reason for what a certain stock does today may not be known for two or three days, or weeks, or months. But what the dickens does that matter? Your business with the tape is now -- not tomorrow. The reason can wait. But you must act instantly or be left. Time and again I see this happen.

b) http://www.tischendorf.com/2009/06/29/over...ks-performance/

Resistance level

c) http://books.google.com.my/books?id=6eyy4P...epage&q&f=false

IIVC (Involuntary Investor Club Membership)

d) http://books.google.com.my/books?id=ldJiR5...epage&q&f=false

The market is operating in future time. It has usually factored in current events

e) http://books.google.com.my/books?id=fvt8DU...epage&q&f=false

The big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and its trend...Old Turkey was dead right in doing and saying what he did. He had not only the courage of his convictions but the intelligent patience to sit tight.

f) http://www.tischendorf.com/2009/07/02/jess...-a-bull-market/

Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very
level which should show the greatest profit. And their experience invariably matched mine that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.

g) http://books.google.com.my/books?id=fvt8DU...epage&q&f=false

That is about all I had learned, to study general conditions, to take a position and stick to it. I can wait without a twinge of impatience. I can see a setback without being shaken, knowing that it is only temporary. I have been short one hundred thousand shares and I have seen a big rally coming. I have figured, and figured correctly, that such a rally as I felt was inevitable, and even wholesome, would make a difference of one million dollars in my paper profits.

And I nevertheless have stood pat and seen half my paper profit wiped out, without once considering the advisability of covering my shorts to put them out again on the rally, I knew that if I did, I might lose my position and with it the certainty of a big killing. It is the big swing that makes the big money for you. If I learned all this so slowly, it was because I learned by my mistakes, and some time always elapses between making a mistake and realizing it, and more time between realizing it and exactly determining it.

h) http://constellation1976.blogspot.com/2009...and-trends.html

Sucker

i) http://books.google.com.my/books?id=fvt8DU...epage&q&f=false

Syndicate

j) http://books.google.com.my/books?id=6eyy4P...epage&q&f=false

Not uncommon for stocks to suddenly spike up in a straight shot with heavy volume and then stop, roll at the top, exhausted

k) http://www.gold-eagle.com/gold_digest_03/h...on083003pv.html

Jesse Livermore timeless advise withstands the test of time

l) The Timeless Wisdom Of Jesse Livermore

Why is stock investing hard? Take a step back to think, and you realize that stock trading is the intersection of many realms of knowledge. Business. The economy. Finance. Innovation and technology. Government policy. The market. And don’t forget psychology. The more an investor knows about each of these fields, the more likely he or she will excel in the task of buying and selling stocks properly.

In the field of psychology alone, you have multiple topics to ponder. The psychology of the herd is important. So is the psychology of the self. Jesse Livermore, whose life spanned the 19th and 20th centuries, didn’t get a master’s degree in macro economics or a Ph.D. in cognitive behavior. But his experience, hard work, failures and successes across many bull and bear cycles make him one of the most respected stock and futures traders of all time.

Livermore grew up poor in Massachusetts. He found his calling after discovering he had a knack for numbers and for seeing price trends. Trading firms called “bucket shops” across the country kicked him out after he amassed profits despite stringent house rules in margin. He eventually became a powerful buyer and short-seller on Wall Street. Tragically, a self-inflicted bullet ended Livermore’s life on Nov. 28, 1940. But his book “How to Trade in tocks” remains a gem. As the following quotes from the first chapter “The Challenge of Speculation,” show, he defined genius in trading psychology.

Why not let Livermore’s wisdom help you?.“Profits take care of themselves, but losses never do. The speculator has to insure himself against considerable losses by taking the first small loss.” Your insurance policy: Sell a stock if it falls 8% from your purchase price. No questions, no exceptions. Nobody will care if you sold at a loss. The market surely won’t. “Successful speculation is anything but a mere guess. To be consistently successful, an investor or speculator must have rules to guide him.”

“Speculators in stock markets have lost money. But I believe it is a safe statement that the money lost by speculation alone is small compared with the gigantic sums lost by so-called investors who have let their investments ride. From my viewpoint, the investors are the big gamblers. They make a bet, stay with it, and if it goes wrong, they lose it all.”

Livermore offers a few examples. On April 28, 1902, New Haven & Hartford Railroad sold at $255 a share. On Jan. 2, 1940, it traded at $0.50. Chicago Northwestern went from $240 in January 1906 to “5/16, which is about $0.31 per share” on Jan. 2, 1940. Nearly 70 years later, some of America’s biggest banks took similar paths.

“A few thoughts should be kept uppermost in mind. One is: Never sell a stock, because it seems high priced. You may watch the stock go from 10 to 50 and decide it is selling at too high a level. That is the time to determine what is to prevent it from starting at 50 and going to 150 under favorable earning conditions and good corporate management.”

“One other point: It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let that thought be written indelibly upon your mind.” “It may surprise many to know that in my method of trading, when I see by my records that an upward trend is in progress, I become a buyer as soon as a stock makes a new high on its movement, after having had a normal reaction. The same applies whenever I take the short side. Why? Because I am following the trend at the time. My records signal me to go ahead!” Jesse Livermore

14. “Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.” That said, Baruch said that through all of his time and research, he would develop a “feel” for when it was time to reduce positions. “I made my money by selling too soon.”

http://www.investmentpostcards.com/2008/06...bernard-baruch/

If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong. Quotation of Bernard Baruch

http://www.icelebz.com/quotes/bernard_baruch/

15. Treasuries and Bonds ETF

http://forum.lowyat.net/topic/741185/+1060?hl=agz Post #1071

16. Nicolas Darvas was a renaissance man. Literate and athletic, he was good at a wide range of activities. He trained to be an economist at the University of Budapest. He earned a living at occupations as disparate as creating crossword puzzles and sports writing. He played championship pingpong. He toured Europe and the U.S. as one of the world’s highest paid ballroom dancers, book publisher Lyle Stuart noted in the preface of one of Darvas’ works.

Darvas’ most enduring feat was conquering Wall Street — in his spare time. Still dancing full-time, he parlayed a $3,000 bet on a speculative Canadian mining stock into a series of investments that culminated in a $2.25 million portfolio. That success earned him a profile in Time magazine. His 1960 book, “How I Made $2,000,000 in the Stock Market,” was a best-seller. It still pops up on reading lists for investors. Darvas’ book is notable for its skepticism about Wall Street’s conventional wisdom.

He wrote in a later book titled “Wall Street: The Other Las Vegas”: “Wall Street is nothing more than a huge gambling casino, bristling with dealers, croupiers and touts on one side and winners and suckers on the other. . . . I had been a winner and was determined to stay one.” He stayed one through his discovery of a strategy based on patterns formed by share prices. It was a strategythat involved no recommendations from analysts or brokers, no hot tips, no financial stories.

The crux of his strategy was price and volume data. Darvas (1920-77) developed what he called his box theory. As some stocks climb, their share prices stay within a range. Some break through the bottom of that range — or box — and are less likely to rally much soon. Others rise and set up a new, higher box. As soon as a stock climbed to start a higher box, Darvas liked to buy. Gradually he realized that institutional support from big money on Wall Street helped keep top-performing stocks from falling out of their boxes. What his strategy boiled down to was capitalizing on winning stocks’ price gains.

That approach would be familiar to investors who use and know the importance of charting stock patterns. Darvas arrived at his technique through a mix of circumstance and trial and error. Born in Hungary, he studied to be an economist at the University of Budapest. With the outbreak of World War II in 1939, he feared the Nazis and communists vying for control of his country. At age 23, with a forged visa and a little money, he fled to Turkey. Teaming with his half-sister Julia, they became one of the most popular professional dance duos in Europe
and, later, America. In 1951 he came to the U.S. He trained diligently for eight hours a day to hone his hoofer skills.

Darvas applied his dogged determination to learn about stocks. Soon he had read 200 books on investing. His first stock was offered to him in 1952 by two Toronto nightclub owners. The impresarios said they would pay him for a dancing engagement with 6,000 shares of Brilund, a Canadian mining firm. The stock then was worth 50 cents a share. Darvas didn’t take the Toronto gig. But to show goodwill, he bought their Brilund stock for $3,000. He forgot about it until months later.

He glanced at the stock’s price in the paper. “I shot upright in my chair,” he wrote in “How I Made.” “My50-cent Brilund stock was quoted at $1.90. I sold it at once and made a profit of close to $8,000.” He inspected charts. He noticed that as stocks moved up, they traded within a range. Leading stocks moved up again, trading in a higher range. He called each range the stock’s box. When a stock pulled back within a box, that was often a sign it would vault into a higher box. “Before a dancer leaps into the air he goes into a crouch to set himself for the spring,” Darvas wrote.

17. Singapore billionaire Peter Lim, dubbed the “Remisier King”
http://biz.thestar.com.my/news/story.asp?f...84&sec=business

Mr Lim is ranked Singapore's eighth richest man by Forbes Asia with a net worth of US$1.6 billion. Mr Lim, who made his fortune in the stock market. Lim became a stockbroker for mainly Indonesian clients. His successful returns earned him the nickname "Remisier King"
http://www.masteryourfinance.com/forum/php...2b2926b600d8b7f

Ironically, Mr Lim, who was one of Singapore's leading stockbrokers and is now a private investor, does not monitor the stock market every day

Another key reason for his success, he said, is patience.....does not subscribe to buying one day and selling the next to cash in.

His advice to young investors: 'You have to invest with a longer-term mindset. You buy a good stock, leave it there for 10 years. Come 10 years, this dollar can be many, many multiples. 'I think the trick is really to think long-term. 'You may not have a lot of money, but you have a lot of time.'

http://www.sgwayoflife.com/forum/viewtopic.php?p=5136

18. putting it all together http://www.williamoneil.com/
pricing http://books.google.com.my/books?id=SfQFy8...epage&q&f=false
background http://en.wikipedia.org/wiki/William_O%27Neil
great for traders http://www.investopedia.com/university/gre...p#axzz1c3T2cUep

This post has been edited by sulifeisgreat: Nov 11 2011, 01:23 PM

Closing for Monday Sept 12
Dow 11061.12 +68.99 +0.63%
Nasdaq 2495.09 +27.10 +1.10
S&P500 1162.27 +8.04 +0.70%

Got a bit of a positive divergence here on the oversold condition. So, we got a oversold rally into close.

Need to see more confirmation before we can say we got triple bottom in the last 2 weeks of trading.

Personally, I like to see a little more push down.. perhaps down to SP 1120 level before
I would like to cover the rest of my shorts. Hopefully mr market will make it happen...

I like triple bottom

Just reload my DDM at 48

Time to slaughter the bears

This post has been edited by Myoswee: Sep 13 2011, 12:43 PM

Not yet... bears need to see the bottom before they can go away.

Bias still downside but I'm temporarily long for now perhaps till tomorrow.

I think this bear will be around for a while more.

We haven't officially drop to bear market yet.. so it is still at the border line.
But, we're in good trading range here.

Tonight, I'm doing a bit of trading with covered calls and calls spread selling to get some points with weaken LVS here at the resistance level. Hoping this price will remain below $49 by Friday.

---

Added on September 15, 2011, 2:19 amOpps.. short term reversal in play. Buy signal kicked instead.

---

Added on September 15, 2011, 6:10 amClosing for Sept 14th
Dow 11246.73 +140.88 +1.27%
Nasdaq 2572.55 +40.40 +1.60%
S&P500 1188.68 +15.81 +1.35%

So far my trade for LVS going well. It is hitting that resistance wall here.
Pocketed another 20% from selling out of money calls for short term trading.

That SP500 1200 area is the key area to play here.










This post has been edited by danmooncake: Sep 15 2011, 06:10 AM

The trading range is getting smaller

Now S&P 500 hit 1200 must cabut

This post has been edited by Myoswee: Sep 15 2011, 08:17 AM

Yes, that's the key.. did you notice how fast that dive from 1200 till closing?
Just 30mins to lose over 12pts on S&P 500. All done by computer algos. They see that pattern.
Lure them in.. peak at top, then DUMP!

I think it may still try to get over it and make another attempt to get to 1220-1230 area by tomorrow or perhaps Friday. This is still a very strong resistance area. Good place to put shorts here if we get there.

If you're long, keep your stops tight here..

---

Added on September 15, 2011, 9:35 pmAnother attempt at 1200 tonight..

This post has been edited by danmooncake: Sep 15 2011, 09:35 PM

Im out at 1200

Must follow the computers

I think I'm going to buy some GLDs... nice pull back.

I wouldnt bet against the metal as next week Uncle Ben may give us surprises

Good luck to you

Midday
Dow 11401
SP500 1204

Time for me to lighten up here.

---

Added on September 16, 2011, 7:53 amClosing for Sept 15th
Dow 11433.18 +186.45 +1.66%
Nasdaq 2607.07 +34.52 +1.34%
S&P500 1209.11 +20.43 +1.72%

Market edged up almost two percentage points.. Hurrah for the bulls.. I guess.
Got to watch this level now. We were here last week and got
smashed up right around the 1220-1230 area. May happen again..

After hours, RIMM reported really bad earnings.

I think this company's products are going by the way of HPQ. Another fire sale likely to happen for their Playbook tablet.

This post has been edited by danmooncake: Sep 16 2011, 09:48 AM

Smoke on SVM is clearing up.....



FBI is investigating..........


The manipulators are fleeing ...........

Buying opportune

Wow.. are you still trading this?
Smoke not all clear yet.. man. Still haven't recover to previous price before the big dump yet.

Good luck with it.

Went in at $6.55 .........lets see what happens to night........

the shorts are suddenly quiet after the FBI became involved.
They have shifted theri website to Denmark from US!

Time to put some shorts on the S&P 500 on 1220 & 1230

Closing for this week
Dow 11509.09 +75.91 +0.66%
Nasdaq 2622.31 +15.24 +0.58%
S&P500 1216.01 +6.90 +0.57%

Bulls won this week... now, let's turn to the bears for next week.

I've managed to scalp 99% off for my LVS 49 cover calls since it expired below that price for Sept.
Now my LVS common stock averaging around 35. I'm going to continue to hold this as my commons as long as lows
at $35 can hold. I will continue to sell cover calls and buy puts for the volatility play.

Sep15 In at $6.55 out at $7.10

Sept 19In again at $6.5 out again last night at $7


Fleecing twice in last week..... enough pocket money for holiday....

Awesome man!! Nothing wrong with taking profits.


Now, I expect this week to be bear week again. We've reached 1220 and pivot during mid day trading.

Dow 11408.66 +7.65 +0.07%
Nasdaq 2590.24 -22.59 -0.86%
S&P500 1202.09 -2.00 -0.17%

Need confirmation with a close below 1200 in the next session.

This post has been edited by danmooncake: Sep 21 2011, 10:25 AM

Look what happen on monday when it reach 1190

Bulls charge back out of nowhere

The trading band is getting smaller and smaller ( 1190 ~1220)

Hopefully something big is coming

Apple being considered into Dow 30?
http://www.cnbc.com/id/44597744
Dow is a price weight index, if Apple, a 400 price stock being included, then Dow is heavily influenced by Apple share already.

They've got the largest market capitalization in the world

Why not ?

Yeahh.. that's scary. Personally, I don't want AAPL to be included into Dow 30.
For some unknown reason, when a high growth tech company goes into Dow, it goes down and then flatline after a while.

Same thing happens to Cisco, Microsoft, IBM, etc.

I'm fine with AAPL holding up Nasdaq for now..

AAPL next year target $500. Will probably have $125 bln in cash by FY2013

Slaughter House opened.........

How do you want your steak?

a) Well done
b) Medium Rare
c) Rare
d) Raw

I choose (d).

y today drop so much? any reason?

It actually started yesterday night after Fed meeting. This morning, we got worst than expected PMI data from China, that scare a lot bulls and Euro immediate tanks. When US sees Euro tanks, it follows now.

$VIX spiked above 40.. the sell algo blasts off.

This post has been edited by danmooncake: Sep 23 2011, 01:25 AM

i sold 50% of my non performing stocks 2 weeks back..........still holding the long term ones

i wanna bloody raw........

rebounce may b tomorrow..

TECHNICAL REBOUND MAYBE.

If there is one.. just sell into the rally at the 20MA.

seems like no rebounce this time..

---

Added on September 23, 2011, 8:19 pmy gold drop so much?


This post has been edited by epalbee3: Sep 23 2011, 08:19 PM

Gold being liquidated because of recession fear. Cash is King. USD and YEN rule.

then y US does not want to do UE3 but extends the bond duration and lower the interest?

Look at the yield curve. US Fed now punishing the banks. Sell all banks.. and stay away until smoke is clear.

Buy Long-Dated Treasuries? Goal is to fuel housing, other long-term buys, but policy fizzled in ’60s

A sharply divided Federal Reserve is expected to take modest steps Wednesday to bolster stagnant growth and hiring amid European debt woes.
The efforts likely won’t have a dramatic impact, analysts say. But inflation concerns may preclude stronger medicine, and in any case prior doses of shock and awe easing didn’t result in a self-sustaining, robust recovery.

The Fed will most likely sell or reinvest short-term bonds on its balance sheet and buy long-term debt to bring down interest rates for home loans and encourage other long-term investments, economists said. The tactic, dubbed Operation Twist, would give the central bank a way of trying to stimulate the economy without adding to its $2.8 trillion balance sheet. The Fed has expanded its balance sheet in two rounds of debt purchases, a process known as quantitative easing, which has kept rates low but also fueled inflation fears.

“It would be very difficult for them to contemplate a QE3 at this point,” said Keith Hembre, chief economist at First American Funds, “because the inflation backdrop is very different from when they instituted QE2,” a $600 billion bond-buying program, in November 2010. Fed chief Ben Bernanke has said that a third round of asset purchases would depend on further deterioration in the economic outlook and a renewed risk of deflation. But the economy, though weak, shows little sign of faltering and inflation has picked up.

An unusually large number of policymakers—three—dissented from the Fed’s pledge last month to keep rates near zero for two more years. They argued that Fed stimulus has done little more than boost commodity prices and could cause inflation to soar as the economyrecovers. The central bank’s task is complicated by its dual mandate to ensure maximum employment and price stability. With the jobless rate at 9.1%, some policymakers say the Fed must do more, especially because Congress seems dead set against further government stimulus.

“The Fed’s legally bound to do what they can to maximize employment consistent with price stability,” said Jerry Webman, chief economist at Oppenheimer-Funds. “They’ve got to do what’s required of them to encourage additional employment.” But many economists, including
some Fed policymakers, say that the central bank’s money printing has done little to increase jobs and wages. “Look at what all they’ve done
so far, and unemployment has been in a range of 8.8% to 10% over this period,” Hembre said.

Treasury rates already are near 60-year lows, while housing activity remains weak. Housing starts fell 5%in August, the Commerce Department said Tuesday. Twist’s Checkered Past. As for Operation Twist, tried during a recession in the early 1960s, “the general opinion was that it wasn’t effective,” said Richard DeKaser, an economist at the Parthenon Group. Webman added that Fed policies don’t necessarily encourage
people to take risks by hiring people. “This is not a monetary policy problem right now,” he said.

Nevertheless, with Congress opposed to more spending, economists say pressure is on the Fed to do something after the economy slowed to a crawl in the first half of the year and Europe’s debt crisis deepened. “Developments in Europe are going to weigh heavily on their deliberations,” DeKaser said. “Arguably that’s the biggest uncertainty hanging over the global economy at this time, and it’s clear that monetary policy will be mindful of those developments.” He added, “There’s tremendous diversity of views at the Fed, which makes coalescing around a single policy difficult.”

the gold keep on dropping but DOW stay little green ---- The total peace before the real storm.. keep eyeing

Someone wrote

---

Added on September 24, 2011, 8:21 amCME Group Raises Comex Gold Margins By 21.5%, Silver Margins By 15.6%

23 September 2011, 4:55 p.m.
By Debbie Carlson
Of Kitco News
http://www.kitco.com/

(Kitco News) - The CME Group is raising the margins needed to trade Comex gold and silver futures are being increased by 21.5% and 15.6%, respectively, and the change will take effect after the close of business on Monday, the exchange said late Friday in a press release.

The exchange is also raising copper futures margins by 17.6%.

The move by the CME Group to raise the margin needed – also known as performance bonds – to trade gold, silver and copper futures on the Comex division of the New York Mercantile Exchange comes as prices for the metals plunged during the past two days as part of a sell off in financial markets in general. The CME Group is the parent company for the Comex and Nymex.

The CME Group raised margins in other markets on Thursday and on Friday it also announced higher margins for long-term U.S. Treasury bond futures.

This post has been edited by prophetjul: Sep 24 2011, 08:21 AM

Big-Growth Markets Suffering Most In Rout

Emerging markets have long been the source of plenty of high growth stocks. As it turns out, the very same markets also can lead the world ont he way down. Asian stock indexes fell again Friday, although on the whole the pace of losses is easing.

Hong Kong’s Hang Seng index fell 1.4% and closed in the upper third of its range. Volume climbed compared to Thursday’s pace, which saw a gap-down 4.8% loss. The Singapore Straits Times index put in a similar performance.
It fell 2.5% Thursday, then gapped down Friday and ost 0.8%. But that index closed near the day’s high after paring a loss as bad as 2.3%. Australia’s All Ordinaries index, which fell 2.6%Thursday, lost 1.6% Friday.

But some of Asia’s major markets got no reprieve Friday. The Korean Composite Stock Price index dived 5.7% Friday, leaving a nasty gap in its wake and ending at the day’s worst price. Thursday’s loss came to 2.9%.
The Taiwan Stock Exchange Weighted index fell 3.1% Thursday and 3.5% Friday. The index’s chart shows two downside gaps in the past two days.

Paris and Frankfurt’s benchmark indexes managed small gains Friday after Thursday’s losses of 5.3% and 5%, respectively. Brazil’s Bovespa dived 4.8% Thursday, but on Friday managed to post a minuscule advance. Should investors be heartened by Friday’s mostly slower pace of losses? That would be a real stretch.

Every major bourse is in deep correction mode. Year-to-date losses are steeper abroad than in the U.S. The worst among the major markets this year are found in Paris and Frankfurt, the heart of the euro zone crisis. Those stock gauges have dived 26.1% and 25.3%, respectively, through Friday’s close.

The next-worst appear in Hong Kong (off 23.3%) and Mumbai (off 21.2%). Oddly, the Shanghai composite, a mostly locals-only market, has ceded just 13.4%. That is among the mildest losses seen among major foreign markets so far this year. TheShanghai’s decline is on a par with those seen in Singapore (off 15.4%), Tokyo (off 16.3%) and Sydney (off 16.6%).

So far, the U.S. indexes have logged losses that, compared to foreign results, are quite mild. With Friday’s close, the Nasdaq stands 6.4% below its New Year’s Eve close, while the S&P 500 has lost 9.6%. Bear in mind that these are stock indexes. Year-to-date losses among benchmark exchange traded funds are more severe. Some are staggering.

By that gauge, the worst is the Guggenheim China Small Cap HAO, which has crashed 36.8%. Well, Chinese small caps have had their own special problems this year. But China’s big-cap index has lost 25.1% this year. Korea is off 23.7%. And look at the major-market ETFs that have lost more than 30%: Brazil, Russia and India. Along with China, these are the core of the emerging-markets boom.

One by one, the world markets are dropping into bear territory.

I don't think US market could escape this.. I think it will skim the surface here and drop into it.
The reaction could be pretty violent if SP500 1101 breaks. It could get there within one trading day with just
another 3.5% drop. I'll be adding more to my puts if 1101 breaks.

Next week could be really really interesting as it is end of the month, yet another record of worst month of the year
for bulls, best month yet for bears.

Get ready folks... this could be really interesting show.

my GOLD and SILVER tanked heavily.

No mood to login and check.

AGQ alone is down by 115$ per share since i bought.

Looks like 2008 all over again..........or at least made to look like that

ALL ASSET class sell off into the safe haven called







USD!

Dow Jones Head and Shoulder Pattern Bear executed. Potential drop below 10000 until 9500..

Scary...

http://edwinextremebullrun.blogspot.com/20...er-bearish.html

y u invest in commodities? did u hav an exit plan before entering?
whoever told u invest in commodites, pls ask them wat to do now?

everywhere everybody. EURO is sick. That's the core.

Inflation..........ask Jim Rogers...........

ok, checked with jim rogers

"5% correction in gold is meaningless. These things correct 10-15-20-30% every year. Nothing unusual about that. That is the way the markets work. "I have not sold any commodity. I own all my commodities. We are in a flexible bull market. We are far-far-far from a bubble so far."
http://www.businessinsider.com/jim-rogers-...olidates-2011-5

but zamans98, u did buy same time the jim rogers and around the same price if yes, then should have cushion to ride on

Dollar's Days Numbered; Buy Commodities: Jim Rogers | 14 Nov 2008 | 09:52 AM ET.The greenback faces serious devaluation as spiraling national debt and a worsening economic crisis undermine it, he said. He also speculated that a commodities bull run could last until 2020.
http://www.cnbc.com/id/27717135/Dollar_s_D...ties_Jim_Rogers

That guy loaded with commodities

Bet he wouldn't say something bad on it i guess

Equity market going nowhere

This post has been edited by Myoswee: Sep 26 2011, 10:55 PM

hehe.. we need to ask our in-house commodities sifu, prophetjul is he selling in yr 2020 too?

Equity market still in a tight range, all waiting for earnings season and co outlook

This post has been edited by sulifeisgreat: Sep 26 2011, 10:58 PM

Copper still down $3.25. Copper looks like start of bottom'ing here but needs a few more trading days to confirm.

Oil hanging at $79-$80..
Oil still doing ok. I like Oil around here (75-80) micro range.
So, I'm planning to scale in my energy stocks play.

My LVS trade:

So far still working. Range play: 38-48
38-40'ish - Buy area
48-50'ish - Sell area
Own a bunch of commons averaging 35'ish. Exited all my puts tonight, still got some sold $50 covered calls which I will buy back or let it expire later.

AAPL trade:
Rock solid with $350, $380 and $400 Nov and Jan calls spread.

SP500 micro range:
Backtest to 1121 last Friday.. going for 1180 next.

i aint no sifu...........

i am just a gold sheeple.

A question to ask : Since Jim made that call, has anything fundamentally changed?

Are we still headed towards hyperinflation?

If so, i will buy somemore here at this correction..........

Putting some shorts right before market close

Guys, what do you guys think of C or BAC?

Would touch financials with a 20 foot pole at the mo.........

Don't touch individual banks but buy XLF better.

OH Shoot

Dow future super green

My shorts kena trap

Don't short when the bears about to turn. Go long here.. not short.
Wait for small pull back and go long!

Fed. Reserve chairman Ben Bernanke is speaking at 5 PM ET today, at the Cleveland Clinic Ideas for Tomorrow speaker series. He will speak on "lessons from emerging market economies on sources of sustained growth". There will be a press conference after, and markets could expect an announcement

Uncle Ben opening his mouth again

Uh oh...

Nice U-Turn on Dow

Welcome to Slaughter House

wow, u must be earning from ur short..

Finally ---> AGQ share split, to control the price la, what else...

The split will apply to shareholders of record as of the close of the markets on October 10, 2011, payable after the close of the markets on October 12, 2011. The fund will trade at its post-split price on October 13, 2011. The ticker symbol and CUSIP number for the fund will not change.

The split will decrease the price per share of the fund with a proportionate increase in the number of shares outstanding. For example, for a 2-for-1 split, every pre-split share held by a shareholder will result in the receipt of two post-split shares, which will be priced at half of the net asset value (“NAV”) of a pre-split share.

SOS : http://etfdailynews.com/2011/09/28/proshar...gq-srs-ycs-sdp/

Nice.. just more buying again for 2x ETF again like AGQ.

market quiet, selective stocks are rising.
the rest are still off low of last THURSDAY price.

its sideways, no doubt the leading indices are in green.

Phew*

i sold at $213 and still watchin......this silver waterfall is no joke....

still bearish......at least i can buy at 50% price now.................

or 25% after split

213 very nice selling price

Now only trading at 111

More than half gone

was reading some technicals.......convince me i should let go including all my non perfroming shares.

Silver was begnning to look like hitting tops.......

so i mitigated the risks.........was holding quite a bit from $170........sold 250 shares

Lucky lucky

Certainly looks something going to break here.. money are being moved out from a lot of high beta stocks.
Even AAPL and LVS got hammered.. thank goodness for puts protection.

This post has been edited by danmooncake: Sep 30 2011, 07:47 PM