Not me.

My working hours are the same time frame as the US side because they're my clients. But, money never sleeps.

PCLN and GOOG are two big momo stocks to watch. Let see which one will get to $2000 first.

As for travel stocks.. I do like TRIP. But, it's kinda hard to buy here. Also watch CTRP (chinese stock... ).
Got nice bullish setup.

Ok... FB bought Whatsapp, a few days later, it is shut down.

So darn funny. LOL!

AAPL dead money now.. got out when it drops below 537 (50ma). Gap filled achieved.
Good enough for now.

Now, waiting for pull back. All cash and ready.

No, not consistent. Try to lose less and win more that's all. Protect profits and capital.
If got profit must take, otherwise market will take it back anytime.

Like yesterday, we touched the time highs intraday. That's a signal to take the chips off the table.

This post has been edited by danmooncake: Feb 25 2014, 09:53 PM

Thank you Morgan Stanley for upgrading TSLA! What a nice gift!

Some of us been talking about TSLA since last year (around Sept/Oct, see USA Stock Discussion v4).
I've been going in and out of it. Just trading, not investing. I was assigned some shares when I sold PUTs last month. Almost freak me out when it dipped below 140.
Also, holding some May Calls as well. They're up big now.. :

I'm going to let this puppy run till it cannot run anymore or till next super charge station.

This post has been edited by danmooncake: Feb 27 2014, 02:14 AM

I think at least 2 weeks. Take a look at the chart from 4th week of Dec till 3rd week of Jan.
We got congestion here (almost 4 weeks).

Market went down on 1st week of Feb, recovered the 2nd week. Bulls are also tired.
So, its' going to be choppy and tighten up here.

What I want to see (if the market is healthy), bulls should given up control to the bears, and let them take it down to 1780-1800 level to attract more buyers before they take it up to the next level.

Otherwise if it goes straight up, it will fall like a rock in the next cycle.

Now, we need the bears to cook up some horror stories between now and next week so that
some weak hands can sell.

Ya man.. bulls are still in control.

Still holding TSLA here. Just small pullback so far. Sold some covered calls to get some premium.

AAPL - please come down to 505-510 area... I'm waiting for you!

No, I got stopped out when it dropped below 535.

But, I would like to get long again if it can pull back a little more..
near 505~510. But, if too close 500 could be dangerous spot.

Also, SP500, Dow and Nasdaq near all time high again.
So, this isn't the time to be overly aggressive. Good to lock in some profits and set trailing stops in case
of sudden appearance of bears.

This post has been edited by danmooncake: Feb 28 2014, 12:17 PM

Be wary of bull trap.

The last 15 mins of the tape, the market were spooked. All stocks took big dip and quickly recovered during the last 5 mins before closing. This is in reaction to the situation in Ukraine.

So, Monday, if it try to rally, most likely, it will be sold off.



This post has been edited by danmooncake: Mar 1 2014, 10:43 AM

I doubt it.. Samsung first wearable Gear1 didn't sell well. AAPL now know, consumers do not care much about watches.

I think AAPL investors are also tired of the same old rehash of the same products: Phones, Tablets, Computers, Music Players, etc.

Investors are waiting for the new products that hasn't been attempted before and must get that "wow" factor back in.

This post has been edited by danmooncake: Mar 3 2014, 02:34 AM

I'm waiting for SP500 1825 level or Dow 16000.
Maybe we get there by Friday.

Meanwhile, good to sell some PUTs for those stocks that you're willing to own.
VIX spiked up 17%



Take a look at the Russia related shares

RSX -7.5%
RUSL (3x bull) -22%
RUSS (3x bear) +22%
ERUS -8%

I think those are good opportunities...

This post has been edited by danmooncake: Mar 4 2014, 01:36 AM

Yes, still holding. Sold 260 covered calls for it. If closes above 260 by Friday, it will be taken away from me.

Yesterday - gap down: it's actually a Buy
Tonight - gap up: it's actually a Sell

If you miss the gap down and gap up .. no need to make any move otherwise
you be shaken out. It's choppy.

TSLA is going to stay up in the sky for a while. So, I'm just going to let it be or until they take away my shares at 260 by Friday. Hopefully, it won't otherwise, I'll have to buy it back again during dips. But, those premiums that I sold were pretty good.

True.. but if one is to measure TSLA like a car company (comparable to Ford, Honda, Toyota, etc), then
is price shouldn't be at this level (it's pretty high here).

Traders are treating this like a tech company (like GOOG), not a car company. So, it's like cool factor here like most tech company.

Say, if there is a miss in one quarter or two quarters, then the valuation will drop like a dead fly. So, do be careful here.

I'm just trading this momo stock. Not a long term investor.

This post has been edited by danmooncake: Mar 4 2014, 09:50 PM

Too bullish..

Imo, fair value for S&P500 should be 1650. I think too many people are just too optimistic.

Last year full earnings is only 8%, GDP 2.5%, yet market rallied 25%.
Market should at least retrace 15% here. IMO, it's overprice.

This year Q1 not done yet.. I hope the bulls realize Q1 is going to be bad.

We'll know by April when suddenly they realize the corporate got earnings contraction.
They going to blame on the weather..

This post has been edited by danmooncake: Mar 5 2014, 10:44 AM