Remember what happened in Sept 2012? When everyone was glamoring for iPhone 5 before it was launch?
Some said AAPL could reach $1000 by year end (in 2012). Some even think it could be the cure for cancer...

This post has been edited by danmooncake: Sep 4 2014, 01:42 AM

Holy moly....

The China 25 FTSE Xinhua (FXI and XPP) been on a tear lately..
I just let it sit there.. it keeps going higher.

This market is defying gravity indeed... nothing can stop it.

Perhaps only all out Nuclear war.

Ali(BABA) next week...

Let's scalp this baby!!

It's both.. BUY and SELL. You can't short this thing during IPO.
Just day trade it.. don't hold until it settles down.
The pricing is kind high... around $60-$66 but I'm sure they'll run it up quick.

Maybe only after 1 or 2 weeks later, then the option chain will appears.

This post has been edited by danmooncake: Sep 6 2014, 10:14 PM

If you are non-resident, you get to keep your capital gain of $100 (except for dividends, dividends must pay tax).

If resident, depending on your income level, it will be taxed accordingly.. also depending on whether it is long term (longer than 1 year) or short term (less than 1 year).

If you're Investor (as in not a Trader) in US shares.. just keep in long term (in USD). Don't withdraw (to MY) until you're ready to retire or unless if you really need the money badly.

Since AliBaba is going to the hot potato, the proxy play for it is also YHOO (getting a lot of dough too from the sale of some of their shares).
Watch for YHOO too here...

Nowadays, US IRS uses direct deposit for refund.
I always get my refund back directly into my US bank (or any US-based financial institution that has a 'routing' number
and account number).

Anyone can withdraw money using their ATM card anywhere as long the ATM machine has linkage with their original bank using either the popular Cirrus or Plus network.

The question only become - how much the ATM fees will cost. You won't know until you try it..

Come bears... eat this AAPL alive!

Just go contrarian with these guys.

Also, just wait till Dr.Doom (Nouriel Roubini) or Marc Faber says everything is fine, then it is time to sell everything.

SELL! SELL! SELL!

Waaah.. gaming/casinos stocks getting whack'ed again. Must be spreading from other Chinese internet stocks.
They're liquidating to raise money for BABA this Friday. This is going to be a wide mad rush.

Hey all,

Did you guys read about this shoe company: Ultrasonic (publicly listed in Germany) where the CEO/COO gone missing with the company cash? Stock tank 79% in one day...

http://www.bbc.com/news/business-29227907

Dangerous to play with China pirate ship....

This post has been edited by danmooncake: Sep 17 2014, 08:19 AM

Nowadays... they make everything, including iPhones.

Well, the point is we "investors" must be very careful with those small caps companies esp. the ones from China.
They don't have a lot of check and balances in place and accounting standards are different there.

They can report everything is fine to the foreign investors.. but then inside stuff are very different.

Tomorrow watch for BABA...

Don't get caught in the mad and greedy rush and bid too high.. could be like FB or TWTR.

Just watch your stops!

Get in.. get out! Take money and run. Remember: No profit is bad profit.

Malaysia? I think they did.. "attracted" a lot of fly-by-night companies a few years ago.

Take a look at the Bursa section. Lots of players got burned by those "rejects" from China but were approved by Bursa anyway and listed in the secondary market. 18-24 months later.. all kaputs or failed to satisfy Bursa reporting requirement.. then suddenly PN17.

They are saying no sharks around, can come in and dip in the water.

All-right, all-right... 來來來,買大,買小 (come, come, come, buy big, buy small) - lelong casino style.

Now at 90.

I'm willing to buy BABA at 80... not going to get any here.

Too many big boys playing.

Let see what happens later.

Let's watch what happens next week..
Don't chase this baby..let the big boys play with it first.


Also, I noticed my last block of XPP (2x FXI) China stuff just got sold when it drops to 64.
Something isn't right again with China... first it was internet, now financials sector.

So, be careful with anything related to China here... even if it is big cap.
No one (foreigners) can actually own the actual stock of a company in China even their shares are listed in NYSE/Nasdaq.
Only proxy contracts for earnings and dividends only.