Told ya.. BABA got to 85'sh before AAPL. Did you not get some BABA instead? 

Waah... sell sell sell, bears are out again! 

Come 'mon... break this 1950 and drop to 1925 again!!  

Bears must test that 1905-1910. That's what we skipped last week.

I want to see it this week. Gimme 2nd chance here.   

If drops below 1935... slide to 1905, it will cause enough damage to further slide to 1850, heck even 1800.
Looks like one big formation of Left Shoulder, Head and Right Shoulder. 

Read about this the other day - how are they planning to repay all the money to Apple?

Apparently they had some crappy contract in place - where Apple was able to demand a full refund of the pre-payment to be made to them previously which currently they aren't able to pay back

http://www.equities.com/editors-desk/stock...-solar-industry

I was surprised (and pissed) that my solar stocks got tanked because of GTAT.. which they have nothing to do with.
So... just added more positions there (for <ahem> longer term  ).

Energy demand will continue to grow but since we got more and more alternative, the crude oil demand from world will be less. US consumes 1/4 of world oil price. Now, as US consumes less imported oil, and more of internal shale oil, it has impact on world market price.

OPEC said they will cut production to bid prices up.. but probably have to wait till it hit the sweet spot price around $80.
If it falls below $80, they're hurting too 'cause production cost remains high.. probably break even and cannot make money.

Malaysia oil production probably in dilemma.. they keep saying Malaysia exports oil and import refined petrol.
Prices goes down for crude but prices remains elevated for refined petrol. Malaysia losing money - therefore must cut subsidy.

i thought this might be a useful table on the recent across board correction for the entire O&G sector.
fyi.


keep the bears coming, looking for UA, MPEL, LVS as starters. 

we're not spared, from a macro perspective as a marginal net exporter.
however petronas (our largest taxpayer) did diversify into LNG, so the cushion on their end should be fairly manageable. although alternatives are out there, a lot of their viability & budget projections largely lie with crude being a $95-105 product. so i feel crude at 85 doesn't necessarily bode well for shale explorers, but we'll have to see if this persists into the next quarter to see whether margins on alternate fuels are also dented.. on the bright side the US is insulated from all these because its now self sufficient, and the earliest LNG liquefaction & export terminals should be ready by 2016.

rest of the world? petronas will have to count on Japan ramping up their import demands lol

Wow... 3 times.. 1925. Still holding.

Darn bulls... 

Waah Waah..... SP500 1906, right at the 200ma. What a teaser!  All puts are closed too.
Time to get some meals for weekend.   

Let's get back here Monday premarket to discuss next week strategy. 

The only reason I got into QQQ calls trade was because of AAPL.

BABA came first before AAPL...
Play some BABA for fun.