Not only uncle/aunties... but 2/3 of new investors that caused the last 12 months 100% rally didn't finish
high school. So, all are new herds being led into their bubble market.



This post has been edited by danmooncake: Jun 22 2015, 08:50 PM

Yet again, many buyers at the 126-127 level.
Anyway, just leave it as that.. it will continue to be range bound.

Back to XLE fish.. I can see it's growing into small grouper. haha! Not bad at all!

what? I was getting my popcorn ready.. oh well.
Maybe tomorrow.

I think market wants to puke..

I'll hold playing XLE but join the bears to attack China stocks is better.

Yesterday, China's aunties/uncles/taxi drivers and peanut sellers continue to puke blood on the streets.

Yeah man. China stocks movement is like almost 3x leverage ETF. SP500/Dow even KLSE/HKSE/SGX merely move in 1%-2%,
China's Shanghai Composite can move 5%-10% in one day.

Clearly, it overshot to the upside within this 12 months. I think it should settle down once it gets back down to 3000 level.
Good bargain price should be between 2500-3000 ( More blood... ).

This post has been edited by danmooncake: Jun 27 2015, 03:52 AM

8 hours to go.... let see if bears really turn up or just another scary story.
I want to see real blood this time.

Going to take my afternoon nap soon..done with morning work out, and brunch.

Will wake up and check the situation in Greece before going to work. They're really closing the banks and market.
But, I think we got good buying opportunities for US market if really got blood spills.

Covered my China shorts here... good enough for tapau.


Suddenly, FTSE Bursa KLCI is looking interesting again... below 1700.
Just another -20pts to go for 52 week low. The EWM etf already reached there.

The Greece banks are getting hit hard but one of them is so bad, but it may be good.

National Bank of Greece... (NBG) is now cheaper than my plate of nasi lemak.
I may get some for kicks and giggles.

Brace for impact tonight.... everything is red.

Greeks started the civilization in Europe. Greeks going to attempt to end Europe civilization with the start of this domino...

I like to see Sp500 test that 200ma again.. I got my net ready to catch the little fish.
Just a bit more ...

Some saying China is doing what US was doing back in great depression. Trying to stop a runaway train.
Their govt now stepping in to back stop the drop... some even call it Xi Jinping PUT.

Not sure if it will work or not because they're only protecting the blue chips stocks. Some small caps and no name overvalue companies are still being kicked down because uncles/aunties/taxi drivers all want their money back, the very moment it rises back, they will sell and some just throw in the towel and never turn back. There's a lot fear now and some are very angry at their govt for encouraging them to buy stocks when the market has doubled in value within 12 months time with PE at skyrocket level.

This post has been edited by danmooncake: Jul 7 2015, 11:30 AM

Sometimes, I don't understand how M'sia govt price their petrol. While US are lowering their gasoline as per market price (after July 4th), M'sia govt raise them. I have a feeling they're back filing some pockets somewhere..

I fired my last remisier who insist on buying Bear Stern shares 7 years ago.

Waaah... The more their govt say things like don't panic, the more they panic!

Yeah!!

Yesterday, FXP got 8% at open. Tonight, it got 9% at open. Going to scalp again tonight.

I think the fear is spreading... we're likely going to see sub 3000 for Shanghai Composite soon.
The Bears are liking the blood of the aunties/uncles in China.

Yes, it is.. this thing is pretty gappy because of the overnight re-indexing trying to follow the China FTSE 50 stocks.
Let see what happens if China stock market continues to deflate.

Definitely.. the China market very volatile. Going to day trade a bit and holding small to medium trading position only for overnight. If they capitulate, time to take the money off the table, China market will bounce.
So far, I think it hasn't find that bottom yet.. wanna to see low to sub-3000 for CSI.

See how China (the govt) tries to manipulate the market. The more policies they try to put in place, the more fear they will try to induce.

Anyone watching the fruit company (AAPL)? 120 could be another buying opportunity..