Job loss is worse than expected... futures are tanking.

Sell now!

This post has been edited by danmooncake: Nov 6 2009, 09:32 PM

does it mean i can stil maintain my shorts position? was expecting to cut loss nex week liao

better see the market action & get my popcorns ready

This post has been edited by sulifeisgreat: Nov 6 2009, 09:51 PM

market tanked. Too late to short LVS/MGM. all free-fall. my account suddenly drop by 7% from yesterday..

C got fcuked again.

Haih... Looks like I have to go into hibernation and check back on this thread next year.

same with me.

i will go hibernate together with my LVS.

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Added on November 6, 2009, 10:05 pm1 question to ask:

What are the financial news site you guys obtain the info? News, quarterly profit/loss annoucement, etc...

This post has been edited by cloud9_lee: Nov 6 2009, 10:05 PM

i would suggest u follow dmc advise to sell
& take wateva capital u can
imo, the stock drop could be at level u hav never experience via klse b4 (say 50%?)
but, i no idea wat happen later, its up to u (refer ur own risk management level & cut loss price)

if i m u, i wil reuse tat capital to buy the dip after its oversold, jmo

This post has been edited by sulifeisgreat: Nov 6 2009, 10:08 PM

I'm still thinking it over. I'm still making money from my C but I'm not sure how deep this selldown might last and I definitely don't want to be holding it if the market tanks by 50%.
Dammit, where's a crystal ball when you need it?

i hav no idea either & my balls not tat big-so i dun wanna ski down with them for my short & medium term holdings (i had enuf skiing liao )
normally panic selling, may oversold, so we jus be ready with capital for buy the dip
coz if dip come & we 'bo lui', its really super SUX
not market tank 50%, its the stock & its no guarantee, who knows? maybe fall 5% onli?

my forever stock holdings, as per buffet advise is to dun care market irrationality tat one mus go skiing

This post has been edited by sulifeisgreat: Nov 6 2009, 10:27 PM

If you're longs on fundi stocks shouldn't have to worry about up and down short term.
My sell advisory is only applies to short term (yes, take your profit now) and those playing leverage 2x or 3x.

I'm out now of my 3x TNA. Staying at sideline now and watch where we'll go from here.

Definitely the market won't like this 10.2 number and gonna puke some numbers back today
after the big gain yesterday.

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Added on November 6, 2009, 10:37 pm

Update: 10:36pm
Amazing... dollar is weakening, commodities not losing out much, infact we'll getting some back, therefore, we got a bit of a pull and push between bears and bulls now.

This post has been edited by danmooncake: Nov 6 2009, 10:37 PM

Can we buy the dip tonight?

I guess monday will be a small ralley again..

Whoa! Dollar is tanking...
Unemployment numbers @ 10.2 doesn't matter.

Yup! Buy this dip man!

Update 10:50pm:
Market seems to ignore the unemployment numbers 10.2%, we have turned around, DJ in positive,
Fed at 0% interest rate is more important.. buying frenzy again.



This post has been edited by danmooncake: Nov 6 2009, 10:50 PM

Seems to be moving off the lows now.

This post has been edited by mH3nG: Nov 6 2009, 10:49 PM

Only certain stocks goin down, i guess its not a market wide thingy so we can afford to zz tonite.

wow, back from low and swing, now back to pre-market.

yo-yo ing all the way today.

i already expected a bad data..

all still expensive..

dunno what to buy..

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Added on November 6, 2009, 11:04 pmset to buy 55 MGM at 9.50

This post has been edited by epalbee3: Nov 6 2009, 11:04 PM

cannot say like that. What if 2 years from now MGM is $25? at that time u will say still very expensive.

True, today, we think it is expensive because MGM is losing money because of the downturn in economy.
After the economy has recovered, MGM pop 200%, then do we still think it is expensive?

IMO, if you're long, you have nothing to worry as long you think this company can recover.

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Added on November 6, 2009, 11:33 pmUpdate: 11:33pm
Here comes the dip again...

This post has been edited by danmooncake: Nov 6 2009, 11:33 PM

ok.. bought 55 MGM at 9.50

set to sell it at 9.80

play the range..

honestly.. dun know much why a casino can lose money..

but as long as it not bankrupt should be fine..

I look good for Monday rally..

They lost money since the beginning of the recession.
Esp. the US side still losing money.. the big project at Las Vegas hasn't completed yet.
High operating cost, not much attendance esp. from businesses on hotel bookings, etc..

But, in Asia (Macao,HK,etc), that's where they'll be making money in the next year or so.

wow, back to opening price. Im expecting it goes down at 1 or 2pm.. this is earlier.

All down.. again. Hang on, here we go again..

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Added on November 7, 2009, 12:10 amwhat's up with GE? up nearing 7% and pushing the index up.

This post has been edited by zamans98: Nov 7 2009, 12:10 AM