Before CNY? anyway, I'm looking at the China market now, maybe some good opportunity there
after the big sell off early this week.

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 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

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

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

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

I like to see Dow 14000 or 15000 first before 18000.
or better yet, go down to bear territory and take a peak at 13000 level.

AAPL China Mobile launched... looks like they're selling into the news.
I may get to keep my shares if AAPL can stay below 550 by closing.

Got it.. 540.

520 next week maybe? Only 4 trading days since market is closed for MLK day.

This post has been edited by danmooncake: Jan 18 2014, 07:39 AM

Ticker: SNE

The Q-to-Q results were bad due to declining levels of net profits and profit margins. Who's buying Sony's TV, cameras and cams anymore, right? Not sure about their new phones... are they any good?

But, they did have a fantastic sales for their PS4 during the holiday season.
With the recent sales figures from their new PS4 product line, this should help turn the company around for next Q as more sales coming with their home entertainment divisions.

Stock price action: Bearish, under consolidation.

Support: 16.50
Resistance: 18.00
Current price: 17

Depending on your time horizon, I would stay LONG side with tight stop at slightly below that support level.
Watch for next Q results.

TDA uses First National Bank of Omaha for incoming wire.
Did you get the ABA and Account number correct? I dunno their SWIFT code but you can ask them if your transmitting bank uses that.

If you're not in hurry, it is cheaper to send them a bank draft/cheque (or cashier's cheque) drawn in USD.
Just mail to them via regular Pos. Takes 2-3 weeks to clear but it works.

Time to sell into the pop...

By the way, have you look at FTSE 25 Xinhua? Something is not right with it now..
China says they going to loosen up but market still not moving for them. I think they wanted to revisit the lows again like last year.

I'm tempted to play the FXI with option. Saw range bet for it with upside at 40, downside at 33.

Market is going red tonight.. ang pau chance is here.

It is still a buying opportunity, just a small pull back here. Both SP500 and Nasdaq still strong, but DOW got nice pull back to the slightly above 50ma @ 16209, low risk buy here with stop at 16150.

Yes, these ETFs exist. For example: FXI is US version of CIMB's FTSE 25 china stocks.

The bear share for FXI is YXI

For leverage play (2x),
The Bull share is: XPP
The Bear share is: FXP

Take a look at ProShares web site, they got other Bear/Bull and leverage ETFs for commodities, crude, etc.

Right now, I like to play XPP and FXP.

That's why I sell the 530, 540 and 545 put.. that 50ma line is good support, and sold 560 call with my commons.

Next week - really dunno. If AAPL crushes earnings, then we could see a spike up above 580 line but if mediocre or slight miss..maybe below 530 but I think 500 should hold.

Not too worry about Dow.. but take a look at Emerging Market index.. what a bear!

I like FXP now.. since China is moving south again. going to cash out a bit here and wait for opportunity to take
some XPP later.