When buy US stocks.. don't bother converting. If you convert.. cannot do trade.
Just think in USD!

Just imagine 1USD = 1RM

Just have to think way. It clears in your mind.

That's it!

This post has been edited by danmooncake: Sep 14 2009, 10:26 PM

$5.

Big shark buying all the Q from 438-444 just now. In 4 minute, up to 443 from 438

FEED would be another play at 4.50-4.80 for swing trade but it may take one or two more days of pull back to get there.

which share worth to buy now?
Will US economic down again?

"which share worth to buy now?"
It depends on your investment strategy and which one you can afford.
I would recommend AAPL if you can afford it. Safe, long and sure winner.


"Will US economic down again?"
That question is very broad.. it is down as far as I'm concerned.

hard to say, what I can suggest is you better have a look on the ETF. Scroll 3-5 pages on the old posting.

Normal ETF like UYG, URE (<$5) is worth a shot.

UYG example have BAC, Wells, GoldMan, Citi, Visa, Morgan Stanley, JP Morgan in their holding, rather than buy BAC which is over $15, go for UYG.

Ultra Financials ProShares (UYG)

Top holdings
Company name % Net assets
J.P. Morgan Chase & Co. 7.60%
Bank of America Corporation 6.30%
Wells Fargo Company 5.82%
Goldman Sachs Group, Inc. 3.29%
Citigroup, Inc. 2.66%
US Bancorp 1.86%
American Express Company 1.67%
Bank of New York Mellon Corporation 1.66%
Morgan Stanley 1.65%
Visa, Inc. 1.49%

AAPl is about USD 172 per share.

How to know the total asset per share?

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Added on September 14, 2009, 10:42 pmThanks!

BAC is now the biggest bank in USA, i think it will not bankrupt then.
If we keep some BAC, once US economic is up, we should be able to earn at least double.

This post has been edited by epalbee3: Sep 14 2009, 10:42 PM

In fact, all the big sharks are under UYG. Pending Q not filled @ 550 just now when DJIA was at -25, now -9. No hope.

This post has been edited by zamans98: Sep 14 2009, 10:48 PM

I wonder how US is going to pay back their debt..
they owe too much.

yeah.. bank share are dangerous at this time. but it is also a good opportunity to buy low..

AAPL? I may go for BlackRock (BLK)

Both shares are at 100 in March. AAPL now 170's and BLK is 200's.
BLK have $1.3 trillion dollar assets under its management.

Anyway, there's no SURE LONG AND SURE WINNER , with exception of GOLD (GLD)

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Added on September 14, 2009, 11:02 pmbought UYG 100 @ 557 for long term.

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Added on September 14, 2009, 11:10 pmsomething fun to read/digest/observe... gaga



This post has been edited by zamans98: Sep 14 2009, 11:10 PM

For people who wants to play long, stick with fundamentals reason why you want to buy those stocks, not just price.
Don't buy any if you can't explain to your noob friends or family what the company does and how it makes money.

For people with limited money, ETF is a better play because it is cheaper than buying cumulative individual stocks for better
diversification.

For trading, especially those. 2x and 3x ETF, because of the inherent decay, they don't perform well over long time even when the underlying stocks continue to rise. Hence, they're designed for short term trade or day trading only.

Regardless, please read and understand the risk and rewards all of those ETFs.

Good luck!

This post has been edited by danmooncake: Sep 15 2009, 12:04 AM

URE/UYG swing nicely. Since its already high and market start to bubble, maybe time to think to unload UYG and buy back @ a bit lower price.

C - nice swing

Citigroup (C -4.1%) Chairman Richard Parsons says the bank will repay TARP with "a decent return" for taxpayers, though he can't say exactly when. It'll still likely be sooner than AIG (AIG +6.3%)

Also, both FAS and DRN did well today. I not sure why the REITs gained today.. not that we are at real estate recovery. Even the 1x IYR managed to grab 2.88% gain.

Coal stocks moved up big time:
NCOC -> went up 44% I missed this one.


GE (Industrials) broke through 15 today.. Long!

This post has been edited by danmooncake: Sep 15 2009, 12:15 PM

Tuesday's economic calendar:
7:45 ICSC Retail Store Sales
8:30 Producer Price Index
8:30 Retail Sales
8:30 Empire State Mfg Survey
8:55 Redbook
10:00 Business Inventories
5:00 PM ABC Consumer Confidence Index

US stocks will tumble once more. Issues of troubled financial assets and risk behaviour hasnt been properly addressed and dealth with. European banks are even worst. All i can say is avoid financial sectors and heavily leveraged companies for now to be on the safe side.

Citi's third quarter earnings are about to be announced.
Edit: Will be announced next month.

And its being traded lower at 4.38 in the premarket.

This post has been edited by mH3nG: Sep 15 2009, 07:47 PM

For your reading ....
U.S. Said to Be Exploring Sale of Citigroup Stake (Update1)
http://www.bloomberg.com/apps/news?pid=206...id=acs7LZGlwiYU

C should be interesting to watch today.

holy cow. Just came back from dinner and C -0.21? Duh!

Didn't see the news. Anyway, cannot short C right now, MB trading close the option.

why they close the option for shorting?

Is it this means there is a higher chance for Citi to go down south right?