Crap...that's when bears took a nap, the bulls came in with reinforcement.
Yellen - she's with the bulls team.

But, good thing Nasdaq got a bounce!

This post has been edited by danmooncake: Apr 17 2014, 04:12 AM

ya, yellen always favor the market.
ibm get hit with below expectation report. dunno if apple will follow too next week.

looks like the bull is trying to hold up until May
No one playing earnings ?

I'm not so sure SP500 or Nasdaq will hit all time high again anytime soon or can wait till May.
So, I'm playing this bounce short term and taking money off the table whenever there are profits.

GOOG got hit as well with less than expected earnings. So, I think there's the good opportunity here to trade.
Need to get some if it tanks tomorrow.

mouth watering price for googie!
been tempted to get in since last week, luckily me quite patience. will patience (till friday close) pay ??

its all quiet at the market front.
not much surprises after yellen said of unemployment and inflation data thus hinting if continual support of US economy and holding the rates.
also weak dollar dies nit justify any drastic economic measures.

peace!

Hey, watch for Weibo (China version of Twitter/Facebook) IPO to start trading tonight. Ticker is WB.
Suppose to start at $17.

This post has been edited by danmooncake: Apr 17 2014, 11:04 PM

I'm going to play some short May Puts spread here... 520/510 level. I think 520 should hold by May expiration.

Lol just saw the news few days back, was not expecting their IPO so fast
How bout alibaba? any news on the date yet?

This post has been edited by morning06: Apr 18 2014, 01:22 AM

Waa WB trading near to 22! Anyone buying this stock? A bit skeptical coz is a China product but on stats weibo is doing quite good should i buy and hold some of them

china is the future! anyway, not familiar with this weibo though.

today's bull seems a little tired....how do you think it will perform in the next 3 days?

This post has been edited by yok70: Apr 18 2014, 03:29 AM

I took a small position after it opens.. in $18.50, out $20. Scalped $1.50 for a few hundred shares.
Good enough for the weekend. Got out from QQQ in cash for the long weekend as well.
No idea what's going to happen next week. But, staying in cash is good.

Also, got GOOG shorted 520/510 May puts.. that'll give me enough time to exit. I plan to exit the moment GOOG bounces back up to 540 or higher or stay the same as long as the premium melts off.

No wonder. But usually I thought seasonal month of decline is call the "buy" season, no - since it is cheap?

Theoretically people buy back near OCT/NOV

No one holding Weibo? Trading quite well today huhuhu If can perform like twitter den it will trade at twitter price range good buy now

This post has been edited by morning06: Apr 21 2014, 10:25 PM

WB is very fast moving and volatile now. IMO, not for holding. But, good for trades. No options yet.

I received IRS form 1042-S, i thought after filling in the w-8ben form, malaysians are not subjected to withholding tax?

Ok found danmooncake's note before:

https://forum.lowyat.net/index.php?showtopi...post&p=57117605

Fresh IPO stock = high volatility; is what i thought. Waiting for options
WB consider very popular in Taiwan/China/HK, so maybe can trade at FB/TWTR range

another green day
those quarterly results seems good eh