huat lah!

Waah.... .almost -300 pts for DOW.

Looks like all the gaming/casino stocks (LVS,WYNN,MPEL,MGM) also got whacked!!

This post has been edited by danmooncake: Jan 25 2014, 04:48 AM

Investing Rules = never try to time the market. NOBODY can outsmart the market. It's a warning for not try to time the market applies to the bond market as well as the stock market—it’s a loser’s game.
Source = Never try to time the market
Market Timing Fails As a Money Maker
Can you TIME the market?

This post has been edited by netmask8: Jan 25 2014, 09:00 AM

when i woke up n saw the free fall, i feel really down. have not seen this 'phenomina' for a while. damn. top losers went down 50% ? sounds like disasters somewhere somewhat

It is a Normal "phenomena" environment, as year 2013 had a good run, with more than 52 record breakers
in a year..DJIA gained almost 30% .. IMHO, 7-12% correction will be usual healthy mode but it won't happen
as 1) FED continue keep interest rates new ZERO, 2) expected good results release of economic data
(new home sales + consumer confidence) and 3) earning reports from AAPL, Google, FB, AT&T,
3M,CaterPillar,Pfizer ..etc next week.BUT, most importantly,4) last meeting that Uncle Ben going to chair with
non-promising / sluggish China economic data.

If you are a investor whom bought the stocks in year 2009-2012, your net worths have been
appreciated steady with yr base capital already returned thru dividends. Be patience, Wait for VIX > 25-28 pts and monitor closely with yr reserve cash ready to bargain some opportunity.
For investors like you, going to bed as usual, and you no need to WAKE UP to see the trading.. Can sleep well?
Usually, get stocks at bargain price and continue your Holding Power/Test yr Patience..

This post has been edited by netmask8: Jan 26 2014, 10:12 PM

Some of the high flyers can go down faster especially the overvalued stocks esp. the market has a very strong rally last year. Now, it is time to give some back.

On Jan 17th, I've mentioned I would like to see Dow see 15000 first before 18000, don't mean to scare anybody but that's actually healthy for the market. Just a 10% correction. But, sometimes, panic selling can roll in,.. and if
market sees no additional positive signs, don't be surprised it can roll down to 14500.. that would translate into 12-13% correction.. that's still ok.

Back in 2011, the market dipped in bear territory with 20%correction with the European crisis. Everything is fine again a couple of month later.

So, relax.. sell some calls while you wait and get some cash ready to buy more later.

This post has been edited by danmooncake: Jan 26 2014, 12:02 PM

Year 2013 = DJIA up almost 30% .. So far, correction Year to Date = ( - 4.21% )
But, US Dollar at 4 years high against MYR at 3.345 , as USA economy is getting better with more
tapering in QE.. HK Stocks got whacked !! but P/E and financial ratios = still unattractive / overvalue ..
Perhaps, is P/E ratio below industry average PE is called as 'Intrinsic Value' ?

This post has been edited by netmask8: Jan 27 2014, 11:15 AM

Nice!! I like when the MYR drops another 0.3 percent.

If possible, let's go for 3.40!!!

tapppering decision this week .... imo, intrinsic value is net asset/share, just in case the company 'chap lap' ma ... lol. i would not hold any ringgit at this moment.

Hey guys, I've a trading acct with TD Ameritrade. For dividends, it seems like there's a withholding of 30%. As my income tax bracket is below this, is there any way I can get back some of the taxed amount?

Yes, if you've filed W8BEN, just file 1040NR form by April 15th to get some refund.

Thanks danmooncake, where can I get the form? From LHDN?

LHDN? No-lah, you are not collecting refund from Malaysia govt! This is USA.


US IRS (Uncle Sam Tax collector). Where else?
Google their site, you'll find it.

TDA ameritrade should send you a statement by March 1 (1099-DIV) which tells you exactly how much you were withhold. Use this to file 1040NR with Uncle Sam.

This post has been edited by danmooncake: Jan 28 2014, 12:13 AM

Apple $14.50, higher than market expectation.
iphone sales lower, ipad sales higher.
so tomorrow may see......dropping?

Yes.. unfortunately. Let see if it will go down more tomorrow or not. AH drops to exactly the level that the option market was pricing it... if beat, it will go abive 560, it missed, it will be below 520.

So much for the best quarter for AAPL. This is actually a major disappointment for AAPL bulls.

It seems that by sending (snail mail) bank draft/demand draft in USD to TDA, one can avoid not only the cable charges (usually around rm25) but also the intermediary bank charges? (usually around USD25). Is this correct? Thanks.

Byr Bye dearest prof Bernake ...

fomc meet starts today. 2 days.
Its the last meet by outgoing Chairman Ben Bernanke.
hiw good or bad will it be emm?

most analysts expect another $10 billion tapering off of the central bank's 'helping or feeding hands' in its asset purchasing program.

sit tight bros.

dont 'drop' nomore. my hands r already cold .... lol

This post has been edited by mikehwy: Jan 28 2014, 05:37 PM

Damn I wish I enter us fund a week late...lesson learned as my hands got burn a little can't resist the charm of such hot funds....should wait till it cool off a little as indication to enter...

What's the cost to issue a bank draft/demand draft from a Malaysian bank?

I did TT in the end to TDA, arrived in less than 24 hours

A number of banks are charging around rm5 or none at all if amount is > rm5000 for foreign demand drafts.. They are making the money from the exchange rate. Today the sell rate from BNM is around 3.34 while banks sell rate is 3.38.
TT while being a bit more expensive (esp the intermediary bank charges) is obviously a lot faster.