You own Fredie Mac? If it is its not the same. URE is Real Estate ETF.

Sold 1000 shares of C at 4.86, still holding another batch of 500 avg 4.40
Bought 150 shares of FUQI @ 26.10

Damn..Won't be able to day trade next 2 weeks due to out of office training again.

Therefore, not playing any of the 2x or 3x ETF at the moment, just swing trading.

Earnings will be moderately strong this quarter.. everyone expect Dow will hit 10K and go higher.
Just buy the dips.. and ride the wave.

Yes I buy Fredie Mac with very high price.
Now

People who buy FRE,FNM and AIG are much more braver than me.

I dare to play 3x ETF but dare not to play FNM,FRE or AIG.

Yes. I also own C, AIG.
Thinking to buy CIT. Any advise....

This post has been edited by mynewuser: Oct 13 2009, 11:17 PM

Higher risks, higher returns.
Maybe someone should come up with a 3x ETF for FRE, FNM and AIG.

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Added on October 13, 2009, 11:23 pmCIT might really go bust this time though. Not only is the debt exchange deal getting lukewarm response, the CEO is going to step down at year-end.

This post has been edited by mH3nG: Oct 13 2009, 11:23 PM

Please dun touch CIT, FRE, FNM - those are sinking boat. If you wanna play, buy when they hit <1.00

Re-enter C @ 4.78 x1000 and will unload in near future - waiting for C result

Re-load URE x400 at 5.68. TP 6.00

Brought 120 share of C at 4.79.

Congrats. Now, wait for the Quarterly Report. If it beat estimate, we will see C trading above $5. Its long due.

Pre-Market reaching 497/498. About time to reach 5.00. If earning is good, we may see $7. I'm still holding mine, x1000 @ 4.77 bought last night.

SOLD pre-market

URE x1000 @ 488


This post has been edited by zamans98: Oct 14 2009, 07:37 PM

C is hovering at USD4.98 in the pre-market.
Perhaps it might break USD5 tonight.

last done 499. Less seller, means expecting good result? GO GO GO.

psst - U hold no C, right? URE is up, but I'm scared, better liquidate, re-enter later at 570-580.

Haha. Me? I've bought C back when it was below USD4. Been holding it since then.
Wasn't brave enough to buy it when it was USD1 but I'm determined to hold my shares until the cows come home or if my bear alarm goes off big time.

I'm not that well versed with URE though so I can't say much.

This post has been edited by mH3nG: Oct 14 2009, 08:12 PM

DJIA FUTURE---> 9,921.00 +112.00

Looking good so far:

JPMorgan profit grows six fold

YUP, so 10K is peanut. We will have BAC earning soon this week and the ever lovely GE soon after.
C is not DOW component but analyst using it as a gauge for indicator of finance sector recovery.

Yup. Will also need to keep an eye out for Goldman Sachs.
But quite worried about a possible pullback at the 10k level although I think danmooncake seems to be less bearish these days.

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Added on October 14, 2009, 8:57 pmWhoa, FAS has surged quite a bit and might touch USD91 before the market opens.

This post has been edited by mH3nG: Oct 14 2009, 08:57 PM

Sell my URE.

Yup, I'm riding the bull train now... can't be bearish when the US Fed intentionally kills the USD with the low rate. The USD is cheap now and getting cheaper, bonds are selling off, commodities and stocks are rising and will continue to inflate until Fed announce interest rate hike, then the bubble will burst. Be ready to bail out before they do.

I do expect we will hit a small pullback at 10K or slightly higher and will probably get at most 10500 or so by end of this year. Traders/Investors want to see real earnings.. with consumer demands for products and services, not just inventory cut or lower operational cost.

We will probably see some jitter and volatility at Dow 10K.

Good luck!

This post has been edited by danmooncake: Oct 14 2009, 10:31 PM

Can anyone recommended local broker to trade US market?
I recently use CIMBInvest, damn expensive and they convert my stock price and unreasonable commission and currency rate.
what whatever u buy & sell at day, the price u see in the screen is reflecting ccy conversion of that day (USD against MYR).
Totally unreasonable.

-Please advise good broker

- Cheap Rate
- Fast Interface
- Easy Money Deposit & Return
- Good customer services
- Fast Opening Account




This post has been edited by SLR_kaki: Oct 14 2009, 10:42 PM