Yes, next support will be 1750. Selling increased now..


Mid day snapshot..

FXI -2.20%

XPP -4.46%
FXP +4.70%

Also there...

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

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

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

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

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

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

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.

Support will come in strong at 470- 480 (200ma) level.
Be patient.. if market continues correction, it may happen.

What?... you mean the kewl factor for AAPL is no longer there?? Then, I must sell sell sell

Joke aside, imo AAPL stock price is actually divorced itself from the fundamentals. The fundamental story for AAPL remains intact, it is a good company making tons of money but because there are so many ppl owning this company, the expectation is really high. Any kind of less than stellar earning news, it will be punished. That's why, it is very frustrating for longs holder.

I'm just going to trade this thing and follow the price action.

This post has been edited by danmooncake: Jan 28 2014, 11:51 PM

I want to see it dives below $500 for short break out.. but now.. holding pattern. Oh well.

Yahoo Finance will show if the stock got dividends or not.
Just enter the ticker, look under Div & Yield: fields.

Yeah.... me too. I got my price alert set and waiting for the $500 trap door.
Let see if can happen or not.

Example:
http://finance.yahoo.com/q?s=aapl

<Sigh>..

http://lmgtfy.com/?q=top+ten+dividend+us+stocks

That's a cheap fee for TT from Malaysia to USA.
For USA back to Malaysia, US banks charge around $50-$60.


Anyway, tonight is Fed watch day. Market will opens down despite rate hike by Turkey (OPR 11% ).
Levels to watch: Sp500 1765.. better hold.

This post has been edited by danmooncake: Jan 29 2014, 10:29 PM

Well, here's the scoop. There should be no charge for RECEIVING side but the sender pays $50 fee to send out.

Therefore, if Malaysia banks only charge US$30 to send out, that's cheaper than the US side to send back into Malaysia.


So, does HK charge cheaper than $30 to send to Labuan? If you get charge for Sending AND Receiving, then, it could add up.

Oh btw. it depends how much you're transmitting, right?
Big amount over 10K - $50 fee is should be reasonable.

That's good deal..

Now, at the Labuan bank, they don't require you to change it back to local MYR currency? You can keep it in USD?

Sounds good.

Have you found any where to transfer from USA to HK or USA to MYR cheaper than $50?

Let me know, I'll be real interested.

This post has been edited by danmooncake: Jan 30 2014, 02:12 AM

Eyes on Fed..

That's a lot of fear already in the market. Bears are ready to pounce.

I can imagine what would happen if Fed suddenly stops buying instead of tapering $10bln off, and then begin
to tighten money by raising interest rate.

Without the Fed, market will probably tank 50%, back to its fair value. SP500 @ 1000, Dow at 10000

This post has been edited by danmooncake: Jan 30 2014, 02:25 AM

Well, I got HSBC Personal in USA and one in Singapore but heck, they still charge me $35 for the transfer.
But, I haven't not check out their Premier account.

I guess the banks want their fees no matter what.

Maybe one day BitCoin will be adopted en masse to bypass these banks!