ahh, now my observation comes true.

We are hitting high and then all the way down, to clear the bumps and craps all the way before seeing another high.

Too bad fast closing of LVS, scared of U turned. Re-enter again at 15.60, and another block at 15.45 and 15.00

Same here.. bulls are afraid of conviction above 10500. If we short at this level, we can take quick profit.
When it bounced and dive, just try to buy at the lowest for long.

Looks like my ERX took another dive. Bought another 1/4 position at 37.35
Bought TNA 36.50

This volatility is FUN!!!

This post has been edited by danmooncake: Dec 5 2009, 12:57 AM

other than bear etf, i m staying out for the moment & watching from the sidelines
where's my popcorn

http://www.washingtonpost.com/wp-dyn/conte...9120303281.html

http://www.businessinsider.com/jp-morgan-t...ovember-2009-12

from another forum

On yesterday's "Jobs Summit": They're asking today, "Why aren't we creating jobs?" ...

If you have a business, would you expand it if you didn't know what the rent was going to be?

Would you hire employees if you had no idea what your income was going to be and what your taxes were going to be, what your rent's going to be, and what you're going to have to pay them?

Would you hire any new employees right now on the verge of this health care debacle without knowing what that's going to cost you?

Would you hire anybody on the verge of all of the disaster that is openly being planned and talked about in Congress?

Would you hire anybody or start a business today if you had no idea how much of the profit you will get to keep?

Three [sic] questions, all with obvious answers, so obvious anybody could answer them ... unless your name is Obama.

—El Rushbo, December 3, 2009



Unfortunately, Obama and his Dems will use this as a reason for another large "Stimulus" package. "Have hole, will dig" is their motto.

I think you need to stop entering COMMODITIES related for a while, why not entering your favourita FAS, TNA?

Bought another block of LVS at 15.70. TP 16.00

I did.. 1/4 position already in TNA.

FAS - not buying price yet.. I want it close to 70 or below.

This post has been edited by danmooncake: Dec 5 2009, 01:04 AM

Being Asians and in the Pacific region , I rather credit Obama, the black man for clearing all the shits left by the white people.

Rather short sighted just bcos someone is losing the money.

losing money? after the super bull ride from apr09 onwards? u gotta be kidding
currently indexes its at pivot point & can't break thru resistance
fine, i'll stick politics out of this forum in future
but its their policies which decides the economies, ie taxes, non signing of FTA, protectionism & etc
not any fantasy about any white / black race being superior & shit clearing stuff

I don't blame the whites or any color. I blame the fools who bought into the bubble of the housing market.

Obama used to be bear because he's angry at the banks.
Now he's bull. He and his team want the market to be bullish. Don't fight them.

In 1000 HL 6.55

If US markets and economy collapsed, then goes the whole world.

---

Added on December 5, 2009, 1:27 amThe way you talk sometimes treating others as dumb dumb.

No diff from those old folks in the old coffee shops , telling and teaching Obama what to do.

There is a limit to that.

This post has been edited by SKY 1809: Dec 5 2009, 08:48 AM

Of course.. we need USA. We love USA and I love USD despite it going to toilet.
Even so, believe it or not it is still better than Ringgit. No substitute there.

In IAG 18.20

y la get so touchy? we r all adults & criticism is part of life
if tat is how u feel, fine, i won't post in this forum
in tis real world, no one is going to refund me my monies if i lose it
am i dumb dumb for losing it?

google is your friend, to make monies & manage risk, u need to put prejudice aside
look at policies set by fed & how is the governing party in usa running the show
there r so much news out there, info overload, u need to sift thru & find wat works & which is shit
its hard work & losing monies is definitely part of the game

the key is to manage ur loss & keep it to a minimum
let ur profits roket ride
i presume u speak on behalf of everyone here
so i won't be posting here & i'll stick to the other yahoofinance forum where views are posted & defended with facts... haha

on ur point of politics, here is an article on the economic crisis & ben, which if u r upset, of coz u won't read





shit! i just miss the market going up, very distracting getting emotional, chow then & good luck!

AIG share price keep me heart attack. My god, this is so thrilling..and this is wat i called a roller-coaster ride...=.=

Particularly, only can be happened in the US market..

Sold 1000 HL 6.95, 250 IAG 19

Still holding 500 ERX and 250 TNA

---

Added on December 5, 2009, 3:14 amDon't you love it? Wheee...

This post has been edited by danmooncake: Dec 5 2009, 03:14 AM

Why not, don't we all love roller coaster? Its up down up and down
Im still shorting 200 AIG..shall cover it soon..get some pocket money for weekends.

Closing update 5:20am

Dow 10388.22 +22.07 +0.21%
Nasdaq 2194.35 +21.21 +0.98%
S&P 500 1105.89 +5.97 +0.54%

Wow!! What a ride. I guess that's what happens what you get good Job numbers and Dollar up at the same time.
Interest rates mulling caused this zig zag/push and pull for stocks.

Like everyone else, I was expecting the numbers to be bad.. but the good number was unexpected. This gives the
opportunities for short to cover in pre-market and short again during surge. The sell off or short during surge at top (10500) was pretty hard - maybe it was trailing dollar bounced or what's not, I not sure but it was interesting for least for me to see massive conflicting buys/sells issued by auto-trading computers. The stocks that I was playing are
HL, IAG, ERX and TNA all hitting their intraday lows and highs - thus giving me opportunity to scalp some.

I closed out my HL and IAG position and left open ERX and TNA position. I may trim or close out my ERX after ward since the volatility and surging Oil inventory has taken a beating on this one. Overall, the bulls still won this week.

Time for morning coffee before closing up for the week.

Anyway, how did you guys do today?

This post has been edited by danmooncake: Dec 5 2009, 05:21 AM

Just made some pocket money after covering my AIG @ 29.72. It was a good call though as AIG surge up in da last 25 minutes. Shorted PFG but, the fate is not the same as AIG .Still shorting 100 PFG @ 23.15
But I just love US market as it offers you roller coaster ride, its a great market for day trader..prices super swing,but you must enjoy the thril. If you have weak heart, stay away from the ride

This post has been edited by andrewckj: Dec 5 2009, 05:42 AM

You're braver than me.. 'coz you dare play AIG.

Have a good weekend! Time for yum cha!

my MGM has back to no win / no loss..

Another rally will begin next week for MGM, guess so..

Then I will buy HL..

since the data is good, time to raise interest rate to 1%?

I had a bad trading day. Short INTC @ 19.80 last Thurdsay, same with URE @ 6.25. Both having BAD results.

Only LVS gave me hope. Short LVS 16.15, cover at 16.00, Long at 15.60 and 15.75.

New thread
http://forum.lowyat.net/index.php?showtopic=1249574