wat u plan buy nex week, if selling subsides? u mus alwiz be

thanks for the analysis!!

buy MGM..

market drops without reason, as no more money push it higher.

bear has started.

no prob, mus be eveready ya

lvs stil sinking, good sign, sleep liao
tiring man, closing all position jus now & switch over to short in such a rush hour... haha but it was fun!
tomolo, options expiry, mus be ready again

wow, MGM... recovered.

Fark, my Q @ 11 didn't hit, placed 1/2 hr ago, bounced quickly..

today lost $2k

what counter? Oh, I know, you LONG LVS.

Rilex, I opened LONG for LVS. Short few days BACK. Now LONG again.

You think tomolo LVS will go up?

Bought 200 TCK @ 33.80 for long.

I was waiting for that dip. TCK is copper/coal/materials
mining from Canada, with significant portion owned by China.

Strong Buy, just like FCX. Absolutely beautiful chart.

---

Added on November 20, 2009, 4:02 amI like to see it go down to 15 first by tomorrow so that us shorts can make more money of from it.

But, I'm curious to know how come you've lost 2K? Just yesterday, you posted that you're going to sell at 18.80?
(which of course - not possible when the high is only at 18.50).


Update (Closing) 5:15am

Dow 10332.44 -93.87 -0.90%
Nasdaq 2156.82 -36.32 -1.66%
S&P 500 1094.90 -14.90 -1.34%

The Bears definitely got their wishes today. Is this the beginning of another small correction?
We went to as high as 3 digits pullback but recovered some during closing.
Nevertheless, it was a worth it. Made a quick $600..after covering my shorts.

I might cover more later.. but feels like we're going at least one or two more days
south bound on this train.

Friday evening will be OpEX day.. a bit of volatility will definitely help the bears. I hope!

Update 8:03am: Cover 1/4 more.. better grab some more in case the sideliners and bulls decided to buy this dip the next trading session or suddenly there are good news and since the Dollar trade still sucks.

This post has been edited by danmooncake: Nov 20 2009, 08:48 AM

not quite. Maybe bounced to 17, as FUTURE is now REDDISH, plus OPTIONS expiry.

Will buy on dips again, Cheap dollar... NYSE ahoy!

when can we change thread name to LVs?
if u believe that 'assumed trading behaviour' is an imagination
then this market sentiment, now & forever would not bother u
u can hang on to lvs, foloow buffet as his holding period is FOREVER... but did he buy lvs?

aiyo is futures laying a trap? or cheap dollar make it buy the dip scenario? I'm a day trade virgin



time to consult my oracle for confirmation, ie. louyah analyst report

Bulls lost a key battle Thursday as the major indexes fell sharply in fast trading.

The Nasdaq stumbled 1.7%, the NYSE composite 1.5% and the S&P 500 1.3%. The Dow gave up 0.9%.

Volume was up across the board, delivering a distribution day to the major indexes.

Bank of America gave a weak outlook on the chip industry, downgrading several tech stocks. Economic reports raised fears about the economy's recovery.

Thursday's session hampered a market that has been vacillating for the past couple of months, even as some top stocks broke out.

In the 36 trading sessions since October, Market Pulse has noted a confirmed uptrend only 13 days.

It's had the correction label for nine sessions. The rest of the time the market has been under pressure, the equivalent of a yellow light for buying stocks.

On Thursday, the uptrend that was confirmed only eight sessions ago, once again came under pressure. Three distribution days in the Nasdaq over the past six sessions were enough to change the market's condition.

The first distribution day came three days after the Nov. 9 follow-through.

Historically, a distribution day that soon after a follow-through is a bad sign for an uptrend, though it isn't always deadly.

Keep in mind that a change in the Market Pulse is neither a prediction nor a blanket recommendation. It is a description of the current market condition.

Investing is a subtle art where you let the action of the top-rated stocks guide your level of exposure to the market.

A change in the Market Pulse can never mean to sell everything or to buy an index fund because everything's going up.

With the market under pressure, investors need to be cautious.

Take special care to avoid letting a gain turn into a loss. It's far better to accept what you might initially consider an insignificant gain than to allow it to become a loss and a prayer to break-even.

If you do buy a stock with the uptrend under pressure, make sure it has superb fundamentals and that it has cleared a sound buy point.

Thursday's action, however, wasn't conducive to thoughts of buying.

Today hard to say, my take is a little red only, after all not much OPTIONS expiry today.

today is opex day, all options due today, must expire today, unless exercise
any one wants to be fortune teller? & guess which way the momo wanna shake the put/call holders later?



how come thread not rename

& will lvs position be

market is notorious & can change mood any time, below is pro jesse livermore, so dun click if u dislike

Wow! It is PayDay II.

But, it is bit weird.. futures aren't down that much but most of the 3x Bulls shares are down over 10% at premarket.

No matter, nice for Bears to roam again. I may cover my last 1/4 TNA by open.

IMO, tonight we may take a pivot here. This is probably last chance to bears to hit and run before another
crazy bulls call next week.

LONGs - stay by take your positions.

Update 10:17pm:
Oh damn.. just found out about the dividend distribution for cap gain for 3x bulls shares on OpEx day.
No wonder, it was down so much. Bought back to cover this SOB!

This post has been edited by danmooncake: Nov 20 2009, 10:18 PM

the bear market has started.

sulifeisgreat, thanks for the links to jesse livermore. Reading some of his quotes now and this one seems to ring a bell:
"It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind."

Looks like today can cover my short on LVS. Set to cover @ 16.23

yeah, you cover, I buy. Long LVS again @16.25

Market playing in -20pts zone. Let's wait pre-lunch time to see if there are action goin on..

The drop will continue..

yeah, and ppl will continue to buy and buy and buy..