I've been buying China/HK stocks last few days too.

I can't believe TWTR short continues to work..
Last batch out at $56. I'm done this week.

Disappointed at AAPL.. going no where but dipped below 50ma.
Will sell more covered calls next week.

I think it's pretty much only following the broad market trend. When (if) market starts to recover, it will follow. Just a feel.
Do you think broad market correction is on its way? I'm just seeing sidelines now (with perhaps a rather moderate +/- 3% range), neither up or down trend.

This post has been edited by yok70: Jan 11 2014, 04:24 AM

I have a feeling that something is brewing.. and maybe not good for the bulls for this quarter.
It looks like a sell off is coming, maybe just waiting for an excuse. Market not rallying due to dismay job numbers and some blame the weather but the participation rate is telling us, something is not right. Wait till end of Jan, still and if it is dismay after more seasonal layoffs, then the market may have a steep correction.

Also, Earnings this week, AA and some brick and mortar retail stocks aren't not doing good this holiday season.
But, we need to hear more from the online stores like AMZN, Ebay, etc..

AAPL earnings on Jan 27th after market close. Mark your calendar. Let see if the blow out number can happen or not.
If doesn't happen, AAPL will suffer severe punishment for several months.

Either it will run up $600 or back below $500.

This post has been edited by danmooncake: Jan 11 2014, 11:06 AM

whats a recommended broker for china and HK stocks btw?

thanks for the feedback.
always up and down doubts around, and this is stock market all about.
a 10% correction will put apple back to 480 area.
17 jan, china mobile will start selling iphones.

You know, I wonder.. how many people in China can afford an iPhone or willing to buy one ? Furthermore, they don't have subsidies. For those who have access to the high-speed area (China Mobile mostly are 3G only), they ALREADY got a smartphone (droid ones). There are plenty of smartphones running droid and they're dirt cheap.

This post has been edited by danmooncake: Jan 11 2014, 11:34 PM

I fully agree that it's not a short term catalyst, but a long term one. The positive on Apple links with China Mobile is to ride along China's growth story, which is very much intact so far. If China able to continue growing at 5%-7% GDP for the next 10 years, we can imagine the buying power from steady growth of middle class, that would be huge. China people "want face", as long as Apple able to maintain its prestigious brand icon and not going cheap, I see middle class (in fact, especially middle class since half-bottle-water people "want face" much stronger than upper class/successful people. I see youngsters using iphone in KL, lots of them. While some big boss choose Note 3 because their eyes no good already and need a big screen, they don't care brand-name). So buying Apple today is target at holding it for 5 years or above. Those who buy for the hope of short term gain might be disappointed. But not related to you lah, you are swing player, more swing more gain type.

btw, I'm thinking this correction of QE tapering may not be as aggressive as many hope. The bottom line is world economy is improving. In this case, QE immediately becomes less priority to the market. I watched a talk show just now by China experts regarding QE tapering effect to China economy. From there, I can see the bears were getting out of word after some debates, the bulls seem to have much stronger sayings regarding issues (ie. money tightening, bond yield raising etc.). I almost saw a KO on the bears in the show.

danmooncake, you wish comes true. deep red today. wish to see Apple back to 500 best.

Well, the bears fired the shots across the bows last week and they conducted first raid tonight. Didn't say we didn't see this coming, right? Let see how it goes by end of this week 'coz I got AAPL expiration by Friday. I sold the 550 and 555 calls. Lots of room for me to stand aside and watch the bear raid.

This post has been edited by danmooncake: Jan 14 2014, 05:47 AM

a longer pullback is good for me too, cause i wanna continue accumulate at low.

i really think its a goid shot. wonder if it can valley ti 494 again. its hard to decelop the china market due to the lower disposable income and the fierce competition from the dirt cheap local phones such as huawei, xioamei etc.
hope many here can shot and shot for a happy cny.

damn the bull is so strong cannot tired.

As long as QE is still continue and with record near-zero interest rate, there is a probability of
re-run repeat of year 2013.. Even without the QE, the USA economy is in
better shape compared to last 4-5 years, and it will grow by itself without any life oxygen(No OE).
IMHO, Holding Power is one of the key tools in investment..

This post has been edited by netmask8: Jan 15 2014, 08:46 AM

Oh wow... AAPL is making its run now.
Darn.. looks like my shares will be taken away by Friday if it closes at above 555.


Pretty strong bid for TSLA too.. play a little calls here for scalping.

This post has been edited by danmooncake: Jan 15 2014, 11:20 PM

sigh! now Apple really heading towards to breakout 570 recent high. No chance to pick up my 4th batch....yet, unless 27th report shows disappointing earnings.

Guys check out MLMs like Herbalife and Nuskin , the shares are taking a big hit today after China undertaking an investigation into Nuskin operation following an article in the People's daily report . This kind of remind me of an incident last year where Bill Ackman accusing Herbalife of being a pyramid scheme , the shares took a big hit but now recovered and got even better . Now the question is will Nuskin recover and when will it recover ? hmmm

It is really difficult to time the market. Your better bet is to cost average ensuring you're not buying at the top or bottom of the end.

AAPL's market share has been dropping all over the places. Ipod is dying. Iphone world wide market share is likely around 10-12% now. It will definitely below 10% by the end of this year. Ipad world wide market share has been down to 30%. I expect we will see it hovering around 15-20% by the end of this year. Unless they can create a brand new market by themselves, I don't see we will ever see another big run up we saw in the past. Don't get me wrong, it will continue milking the uninformed customers for the years to come (just like MSFT).

I spent a lot of time researching what's the next best thing. After so many years, I came to a conclusion that the best strategy is passive investing -- couch potato strategy. Last year was phenomenon, I don't expect seeing repeating result again this year. For the extra time and energy I save, it is well worth it.

Cheers.