Shorted 200 TNA: 39.85

today, 4 economic news giving bad data but fark, DJIA holding d fort.

Dollar General (DG) IPO looking decent.

Looking to see if I can scalp some.

I am hoping LVS will climb to $18. Any thought?

DG - i thought its a US Dollar ETF.. LOL,. silly me

infact DG is retailer chain..

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Added on November 13, 2009, 11:16 pmaha, i remember u, last few weeks u're complaining saying ur LVS is a dead stock, and I told u hold on to it?

Not sure, looking bullish. Everyday, pre-market ppl push it up 10-15cts.. seems fake to me, so I short .. If go up above 17.55, I will short again. Still holding short at 17,00

This post has been edited by zamans98: Nov 13 2009, 11:16 PM

totally unbelievable...Consumer sentiment totally bad data and yet DJI still holding strong.
Overall im still bearish. still holding my GLD put options / short.
I think second half, ppl will start taking profits. DJI been up for 2 weeks already.
Bull will get tired

I'm out: 39.30

Not a good day for shorting.

interesting, i never thought of that before. but if i'm gonna learn forex in relation to stocks & vice versa, i need to go into the washing machine
well, point noted & if any one in forum can assist to put the above theory into practice, pls share

in meantime, all is looking normal in the markets while a base is being formed, imo, uptrend stil intact
coz, gambling portfolio & gold stocks still intact & little damage yet
i'll know sooner or later once the bear etf cut loss level is activated, there goes the insurance premium for bear etf, up in flames
only able to confirm further after market close & sieve thru data in weekend

This post has been edited by sulifeisgreat: Nov 13 2009, 11:48 PM

39.85 now.. you cut too fast, no? Damn this market.. CHEAP DOLLAR ...

No, remember I was shorting, bulls are coming back now..
Bears are getting trapped.

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Added on November 14, 2009, 12:33 amIf LVS goes to 18 and if S&P @ 1100, I'll short it big time.

Damn bulls wanted some back today.. have to cover some of my shorts
before the bulls attempt another charge at 1100 - most likely by Monday.


This post has been edited by danmooncake: Nov 14 2009, 12:33 AM

Still online?

Why epalbee3 is not saying much today:

1) my capital is locked at C already..

2) today went for steamboat with some lengluis..

when your share is locked, forget it and go for a outing.
Much more better than always looking at it..

Oh.. damn..1 hour to go

What do you know? Bulls are afraid to hold. Gave some back already.

Too bad.. I'm done for today. All cash for the weekend.
Will wait to see if Bernanke words will turn this market into bear or bull.

Update (5:30am):
Final closing - bulls came back and kicked bears in the nuts.
Those who didn't cover today during dip may have been trapped.

This post has been edited by danmooncake: Nov 14 2009, 05:33 AM

have not done any report yet, its a lazy saturday

last time ozak posted some weekly market commentary? izit still available to us on a weekly basis? tq

why la lvs topic keep coming up? hold till $19.94 but let me short again at $18.04

imo, below super long read article sums up the situation in usa
i also feel is bearish but the market shows it is not
so my opinion doesn't matter, what the market does - matters
momo have more bullets than us, to do r&d, i small ikan bilis only dog tail them

Job Losses Demystified (Obama : "No one expected this") Peter Schiff

As the unemployment rate crossed the double digit barrier for the first time since Michael Jackson learned to moonwalk, President Obama announced that he will convene a "jobs summit" to finally bring the problem under control. Using all the analytic skill that his administration can muster, the President is determined to figure out why so many people are losing their jobs and then formulate a solution. That's a relief; for a while there, I thought we were in real trouble! In fact, the absolute last thing our economy needs is more federal government interference. If Obama really wants to know what's behind entrenched joblessness, he should start by looking at the man in the mirror.

Obama is pursuing, with unprecedented vigor, the same policies that have for decades undermined our industrial base and yoked us to an unsustainable consumer/credit driven economy. This doubling down on Washington's past failures is destroying jobs at an alarming rate. Today we learned that the September trade deficit surged by 18.2%, the largest gain in ten years. Much of the deficit resulted from Americans spending Cash-for-Clunkers stimulus money on imported cars - or "American" cars loaded to the sunroof with imported parts. In exchange for more domestic debt, we have succeeded only in creating foreign jobs.

An article in this week's New York Times by veteran writer Louis Uchitelle confirmed a fact that I have been alleging for years. Uchitelle pointed out that foreign outsourcing of component manufacturing has led to consistent overstatement of U.S. GDP and productivity. The connection goes a long way to explain why we keep losing jobs even as GDP is apparently expanding.

As our economy becomes less competitive due to higher taxes, burdensome and uncertain regulations, and capital flight, more manufacturing and services will be outsourced to foreign firms. However, the flaw in GDP calculation allows the output of those foreign workers to be included in our domestic tally. Since we count the output but not the worker responsible for it, government statisticians attribute the gains to rising labor productivity. To them, it looks like companies are producing more goods with fewer workers.

The reality is that we are producing less with fewer workers. The added "productivity" comes from higher unemployment and larger trade deficits. This is a toxic formula that will have lethal economic consequences.

Don't expect the brain trust at the President's job summit to fret much about these details. That public relations stunt will likely ignore the root cause of the economic imbalances and instead stress the need for government spending on training and education, i.e. more public debt. The unemployed do not need government theatrics, they need actual jobs. But as long as the government props up failed companies, soaks up all available investment capital, discourages savings, punishes employers, and chases capital out of the country, jobs will continue to be lost.

To really fix the unemployment problem, the President must look past his peers in government and academia to understand how jobs are actually created. In the private sector, all individuals have a choice to either work for themselves or someone else. Since labor is far more productive when combined with capital (office equipment, machinery, business models, and intellectual capital), those who lack these assets themselves often choose to work for others who have sacrificed to accumulate them. This increased productivity is shared between the worker and the owner of capital, and both are better off.

However, for one person or company to choose to offer a job to another, there must be an incentive to do so, and they must have the necessary capital. In the first place, employers must commit to paying wages and benefits, comply with government mandates and regulations, and subject themselves to potential lawsuits from disgruntled employees. All of these costs must be measured against the extra profits an employer hopes to earn by hiring an additional worker.

If profit opportunities exist, jobs will be created. Otherwise, they will not. Of course, anything the government does to raise the cost of employment, such as a higher minimum wage, mandated heath care, or greater regulatory burdens, not only prevents new jobs from being created but also causes many that already exist to be destroyed. Anything that diminishes the profit potential of extra hiring will diminish the number of job opportunities that are created. Also, since it is after-tax profits against which employers measure risk, the higher the marginal rate of income tax, the less likely employers will be able to hire.

Finally, in order to hire workers, employers must have access to capital to expand operations. Anything the government does to discourage capital formation automatically diminishes job creation. By running the largest federal deficits in history, Barack Obama is diverting all available capital to the Treasury, and is in effect waging a war against private capital formation.

If the President's summit truly intends to find the root cause of unemployment, his advisers don't need Bureau of Labor statistics or complex modeling software, just the courage to drop their dogmatic belief in central planning and embrace the laws of economics.

During the past three decades the great majority of new jobs have been created by small busineses. This has been especially true at the early stages of a recovery. But small business owners pay income tax. Prospective entrepreneurs looking out to huge income tax hikes next year and particularly after the 2010 elections, find the prospects for a small business bleak.

Prospective lenders (banks) also see nothing doing out there. So, we have a situation where Banks don’t want to lend and nobody except bad credit risk consumers wants to take their money.

The only ones that are doing OK are big manufacturers who are increasing their profits by lowering costs by laying off less experienced and other low productivity workers. So the stock market has been going up while the overall economy shrinks. Hence the “jobless recovery”.

Clueless Summit

something’s wrong when the government of the most prolific
job-creating economy in history has to schedule a “summit”
to decide how to create jobs.

This isn’t rocket science. Any business owner, entrepreneur or
manager can tell you that job creation requires new businesses,
new investment in plant and equipment, and economic policies
conducive to both.

But so far, those in charge in Washington seem to be doing everything
in their power to kill jobs, whether it’s hiking the minimum
wage, snubbing trade deals, imposing new mandates with health
reforms and climate controls, or paving the way for a massive 69%
increase in capital-gains tax rates by letting the Bush cuts expire.

All told, these and other initiatives, plus the higher spending that
goes with them, will suck as much as $13 trillion out of our economy over
the next decade.

Yet Democrats are shocked — shocked! — that the unemployment rate
has surged to a 26-year high of 10.2%, nearly a third higher
than estimated in February. And that more than 4 million jobs
have been lost this year despite $700 billion in bailouts, $787 billion
in “stimulus,” record-low interest rates of 0%, and more than
$1 trillion in liquidity pumped into the banking system.

Given this record, the only real reason for a jobs summit is to appear
to be “doing something” about the labor market implosion.
After all, 2010 is a midterm election year, and the Democrats’ ability
to continue their leftist tinkering with our once-mighty economy hinges on
voters giving them another chance.

Well, they don’t need a summit. Job creation closely tracks investment in
plants and equipment.So anything the government does to
remove barriers to business investment—whether by cutting regulations,
slashing taxes or reducing government spending — will
lead to more jobs.

Of particular importance are small businesses, which—as a new
report from the Kauffman Foundation noted—created virtually all
the new jobs from 1980 to 2005.

Today,small firms suffer the most damage from congressional incompetence.
The newly passed health care bill, for example, slaps
families with more than $500,000 in income with an added 5.4%
tax. But, according to Congress’ Joint Tax Committee, a third of
this will be paid by small, family-owned businesses.

The government’s fiscal insanity hurts everyone. The Congressional
Budget Office reckons that government outlays will grow at
least 67% over the next 10 years while public debt more than doubles
to $14.3 trillion. In short, not an ideal time for entrepreneurs.

Meanwhile,as Americans in the hundreds of thousands lose their
jobs each month, the government continues to siphon off badly
needed investment capital, waste money to keep failed companies
afloat, discourage personal savings and erect barriers to hiring.
If this continues, don’t expect the “Sorry, not hiring” signs to
come down very soon—summit or no summit.

This post has been edited by sulifeisgreat: Nov 14 2009, 06:50 PM

Yep. still avaiable. Will post it next monday.

appreciate it, for the time being, here is a case study for ur reading
its bias & on TA, coz no FA willing to share & present their opinion, dunno y they like to 'jual ikan'?
even tho 99% of lyn forumers r forever fans / investors lovers, + they've been here for ages, their skill & experience should be top notch by now
surely there mus be many / some / one sifu around to defend them, lawan balik or contribute, takkan they shy kut?
no point being a jaguh kampung, in this era of globalization
with the forever fans / investors lovers analisis, their stock price can go above $20. since they can hold forever, i guess no sweat hit triple digits...
but if they all insist to stay in 1Malaysia playground & love single digit stock prices movement, i do feel its weird... oh well, its a free world
i think we should use our skill & knowledge to bring overseas profit back to here
so we can spent, help the ekonomi + grow gdp too... haha
on second thoughts, maybe no who knows? in future, maybe yes...
though bolehland concept now upgrade to 1Malaysia, i suspek packaging change but contents still same



will u buy the above? its new high & now in pullback, i no idea how low it can go, but i think it would resume uptrend, otherwise potong



dunno how interpret above, my simple layman guess is, its overvalued article below is self explanatory





below is for those finding it difficult to spot some good companies in US, but i dunno r they undervalue, how izit define?
on a side note, forever fans ever wonder y their stock price no move even when FA says is undervalue & can hold?
coz the momo sector rotation, with their huge funds + r&d passes u by, looking out for nex best earnings sector
no worries, the momo wil come & lift ur undervalue stock price up, once their r&d locks into ur sector
the only question is when? it can be months, years or decades...good luck & happy camping
pls remember off the lights, since u all r alwiz almost the last to leave the room
also aren't u all suppose to buy ktm (Hidup Keretapi Tanah Melayu!) no offense, i not sure whther its listed or not?



a rising tide lift all boats except those on the other side of the ocean

This post has been edited by sulifeisgreat: Nov 15 2009, 09:19 AM

remember jus stick to ur own trading plan & refine it via experience & time, ur bank ac wil be an excellent indicator
since we still young , the pros & cons on all tis has been discuss in previous2 post, pls take time to refer the faq
gambling portfolio

doji sighted - gok, pl, aro (swing trade candidates added to watchlist)
still no doji - ebix, trlg (candidates rejected & ignored from watchlist)

to gamble swing trade, need doji & a dose of luck
imo, pls use limit order on day u buy, to be first few in queue for exit
if u refer to the week before doji, u can see it is a long line
now, to exit for profit, imo, use
1/3 of last week line (for those dun wan sakit jantung) eg. inin
2/3 of last week line (medium risk taker) eg. mfe
way above last week line (ultra risk takers, really not recommended) eg. gmcr
1/2 of last week line (medium risk taker, my preference type ) eg. cisg, cern

swing trade case study - all success
if u prefer hold position to nex week & dun wan exit swing trade
i suggest dun be greedy & let others participate in profit too
but if u r forever fans / investors lovers, can keep till kingdom come ...wait, maybe should stick to burlington railroad only
however if insist to enter in, even if road is long & windy for ur type, u never know wat is around the corner
a tree may fall on u, robbers waiting by wayside to kill u, or maybe got mat rempits further up to irritate u, who knows? maybe got pot of gold
but if u wan do pyramiding, then is also a good point to add position



to gamble new high, need balls & bottles of luck, four leaf clover & etc
new high pullback - vprt (for the 4 candidate below, to pyramid position if got pullback)
new high case study success - nflx, iag, amzn & med (kenot add in position, to ride it, if takut, can exit for partial profit)
imo for my preference, jus hang on to it, until signal to sell appears

wun be updating on gold stock, pls monitor urself, if u interested to learn, all i can say is its on uptrend
wait pullback for pyramiding position (since no signal to potong, can hang on to roller coaster ride)



the extremely louyah analyst report, in future wun be posting it, we rely on ozak (unless got catastrophic event eg. 2012, then i inform)

Stocks on Friday grabbed back much of the previous session's losses to finish up for a second straight week.

The Nasdaq popped 0.9%, leading the pack. The NYSE followed with a 0.8% gain. The Dow and the S&P 500 tacked on 0.7% and 0.6%, respectively.

Volume fell across the board.

Friday's rebound in weaker trade continued a recent trend of up days in reduced volume. Including the follow-through day on Nov. 9, the Nasdaq has logged only two gains in greater volume in the past five weeks.

A similar pattern is occurring in the indexes' weekly charts.

That indicates reluctance to buy among institutional investors and isn't the kind of performance that enlivens bulls.

The market did a nice job hand-ling negative news.

In morning trade, the Reuters/University of Michigan consumer sentiment index was released. It was weaker than expected.

The indexes spent about five minutes falling on the news but then turned up.

Among industry groups, airlines, tire makers and gold miners did well Friday. Panamanian airline Copa Holdings (CPA) jumped to a new high in big trade. Gold miner Iamgold (IAG) did the same.

Since the uptrend’s start Nov. 2 (a confirmation always comes later), gold and silver stocks have been strong. The group has had some breakouts from stocks such as Iamgold IAG, Goldcorp GG and Barrick Gold ABX. Others marked new highs: Eldorado Gold EGO, Silver Wheaton SLW and Lihir Gold LIHR. Under these conditions, investors need to watch the price and volume action closely. It also pays to look for breakouts.
One concern now is the Nasdaq’s Accumulation and Distribution Rating of E. It hasn’t budged. This is unusual, judging from what’s happened with the past six follow-throughs that had similar circumstances. Five times, the E rating improved within three sessions of the rally confirmation.



notis, the analyst in lyn like write a lot of stories, dunno its their opinion or others - no offense
but i thought listed co, can pay newspaper editors to write nice write up for them to provide excuses for ikan bilis to jump into their stock
anyway, i like pictures instead, so i put core, since my louyah analyst report no provide for dog jones chart
That's it folks, holiday mood liao, hav fun

whaddafuk

Bad news but market up. Makes no sense, right? LOL

Shorted URE again at 6.00, small amount though. SL at 6.25

sulifeisgreat - you are d best. and rajin oso, posting pictures, posting analysis. I duno bout others, but I always reads ur posting. Kinda interesting, although im not a fan of TA.

Keep 'em coming.

haha thanx zamans98, appreciate tat
kinda weird & feels in alien planet, as 99% of u r all forever fans, but habits die hard
i've done my part to expose u all to usa market via TA
u guys & gals can take it from here via ur own r&d
should be no problem, for u all to tapau usa market
if u all kena tapau pulak, then suggest u all can brainstorm together
ok, time to gulung tikar liao wil post from time to time, coz its holiday season
btw, ozak, i think after u post on isnin, then no need post those market commentary anymore tq
BUT it was real fun posting on tis thread, kicking FA ass no offense

This post has been edited by sulifeisgreat: Nov 15 2009, 11:32 PM

Suli

My counters are URE, UYG, C, ETFC, S and newest addition : LVS.
Not that I'm not interested, but 2 ETF 2x covers 15% of the sector there, in term of volume (Finance/Property).

I use TA but a little only, especially looking at the Channel H/L.

Take URE for example : URE (510-615), C (3.90-5.15)

Here is the weekly report. I don't no how to paste those chart. Care to explain in simple language?



This post has been edited by ozak: Nov 16 2009, 07:28 PM