This is good strategy for minimising the losses or catching falling daggers.
Another way is to watch for candlestick pattern. So far, price chart consolidating around 1.86 - 1.92.
Maybe 1.88 will be good entry price. Will close position if below than 1.85. fatt fatt ar!

p/s: Oh ya, reporting in for version 22

As this week, no announcement on public-private plan to remove all the toxic assets in bank balance sheet.
I think it will be in next week. This is good news for DOW and financial stocks will rally for twice again.
Be prepare for DOW rally.
This is just retracement. One more leg to go

This post has been edited by dreams_achiever: Mar 21 2009, 04:19 PM

Update: Geithner Completes Plan to Remove Banks' Toxic Assets, Encourage Lending
The Obama administration put the finishing touches on a plan to remove troubled assets from banks’ balance sheets that will be unveiled early next week.

http://www.bloomberg.com/apps/news?pid=206...ZHBM&refer=home

Be prepare for rally next week

Next pit stop RM2.4 is coming...GO go go..
Super bullish sentiment spotted.
DOW gonna rally to 8K. KLCI 900points.


This post has been edited by dreams_achiever: Mar 23 2009, 07:29 PM

For next few days until N become PM, everyday is dream come true for everyone of us.
Remember 3rd of April 2009, this is important day for all of Malaysian ppls

This post has been edited by dreams_achiever: Mar 23 2009, 08:25 PM

Yup..medium-term investment same as me. Position trading to be exact
I bet this news will make DOW sustain this rally for 1 week at least.
Next month will be another volatile month as earnings report gonna shore up US market.
DOW need to rally this week so that next month, it have plenty room to drop mah..lolz

This post has been edited by dreams_achiever: Mar 23 2009, 08:54 PM

DOW touch 7.5K. Another 500points way to go
Btw, existing house sales above expectation. It is double boost for DOW.
Hope no other bad news will affect it.
Let DOW close above 7.5K *fingers crossed*

Wow! Much better than im expected.
KLSE gonna rally. Resorts rise to RM2.10. Go go go

Sigh..Resorts closed below RM2 @ 1.99
Very long black candle today.

Resorts need to close above RM2 today. Else i'm gonna worry about it and take cautios outlook on it.
May unload all warrants anytime soon.

woo hoo! Resorts close above RM2.
I'm not greedy. Just inbetween RM 2 - 2.5. RM 2.30 my TP
Go go go...
My theory has been proved that whenever there got any buybacks by Resorts, the share price gonna rally

wah lau..today so active posting! 10 pages since this early morning.
Lazy to read all.
Usually around 4-5 pages only.
Anyway, Resorts cheong all the way up. 10cents more to reach my TP at RM2.30.
As usual, Go go go..!

Based on Najib officially declared as UMNO president and all his mens also won, KLSE gonna rally today.
Indirectly will boost Resorts also *fingers crossed*

Haha..i knew this strategy.
Been applied in "Three Kingdoms" movie by Zhu GeLiang.
Marvellous war strategist.

ps: Off topic little bit coz market too boring :S

Resorts fall back to lowest RM2.11.
Time to get accumulate more for second wave rally.
Rally is pausing...Rally ahead on 6th PM news!

Beware! Nikkei -378.71 (-4.44%).
Dow futures -128. Tonite big bear are coming!
I already q ing to sell my Resorts-CI d. Scared d

Dun worry, tomorrow you got plenty of chances to jump into boat.
But be careful, dun jump into boat that have holes. lolz

DOW -233

This week gonna be bloody red week.
Najib sentiment won't boost local market liao!
All been factored in during UMNO annual meeting last week

DJI performance last night has been minimised by huge selling during final hour of trading.
Been tumbled almost 100points++ from yesterday peak.
April will be another month of 1st quarterly results season. So beware..
I think DOW will start consolidating, trying to form bottom support from level 7K.

The correct way should be like this:
1)GM raise bankruptcy issue. Market drop -> Buy.
2)Bank said profitable for whole this year -> Sell on rally
3)Chrysler raise bankruptcy issue again. Market drop -> Buy.
4)More stimulus plan coming. -> Sell on rally
5)Obama said workaround not enough. Raise auto bankruptcy issue again -> Buy.
6)Economy data rebound. -> sell
On..and on..and on...etc...

All repeat in a cycle. So predictable..muahaha