Up 22 pts or 40%! What a month! Shorting contributed most gains that tells us the downtrend still intact. Follow the trend.
Sabtu, 31 Januari 2009
Summary of Jan, 09
Up 22 pts or 40%! What a month! Shorting contributed most gains that tells us the downtrend still intact. Follow the trend.
Another new feature
From this year, I am going to have a monthly summery of my newsletter recommendations. If I have more time, I will also make 08's picks a list too. You decide if my newsletter is worth of your money.
Jumat, 30 Januari 2009
Nice start
My fund's YTD performance is 18.8% while S&P 500 is -8.57%, the worst January on record for the market, a nice start of a new year for my investors. If you are a believer of "January effect", not a good sign for 09, which coincides our economic recovery won't take place as most people have wished.
Now I know
MA's strength is attributed to pre-mkt addition to Goldman's Conviction Buy List that is bullshit too.
MA and V
I wonder why MA and V are so strong today. I know V was added to Deutsche Bank short term trading list as a long, which is a bullshit to me. I think this is a short opportunity.
NASDAQ disappoints again?
Yesterday's low is violated, which certainly disappoints the bulls once again. Oh well, this is one of the characteristics of a bear market. There will be plenty of false signals before the market really reverses.
Kamis, 29 Januari 2009
Rabu, 28 Januari 2009
My short term target
With the financial names so beaten down, the market can rally to 1600 area without a sweat.
More upside
My bullishness from 2 days ago is paying off. Just like I said, the financial sector holds the key. I think we have more upside, it is not over yet.
Selasa, 27 Januari 2009
Senin, 26 Januari 2009
Weak close
The market closed in green, but a lot less than when I left. I am certainly dissapointed, but let me spin it this way: one day does not make a trend, the bulls still get a chance.
It feels good this morning
As soon as the banks are not getting killed, the market gets lift. I am buying more this morning and now net long.
Educational sector
Educational sector is getting sold this morning, I think it is a good opportunity to get in. As always, don't forget the stop. Sorry, forgot to remind you: DV is going to report tomorrow. So don't bet a farm on it.
Minggu, 25 Januari 2009
Baidu's interesting appearence on CCTV
CCTV's Spring Festival Gala has been a must-see program for the Chinese people for the last 26 years. All the major companies try to place some sort of commercial tonight at CCTV, the sole TV station broadcasting this special event. It is like Super Bowel for the Americans. One of the major sponsors is Baidu tonight, not only because of its commercial appearance, but also its CEO Robin Li showed up in the front rows of guests and was under the flash light. This is interesting since Baidu was just under investigation by a CCTV's program less than a month ago. Baidu apologized for its wrong business conducting and its stock price responded negatively. So what does tonight imply? CCTV has stopped the investigation after it got huge chunk of money from Baidu? There must be some money deal behind the curtain. At least that is what my impression is after tonight. Should not CCTV avoid Baidu due to conflict of interests? Oh well, I guess not, because it is in China.
Sabtu, 24 Januari 2009
Happy Chinese new year!
This year is a bull. I wish we will have a bull market. Oh well, I know it is difficult, but I do hope everybody here will have a bull performance!
Jumat, 23 Januari 2009
Foreigners can buy apartment in BJ
The new policy that tries to stimulate the real estate market in Beijing is allowing foreigners to own residential properties. Since 2007 in order to prevent the rapid rising price, foreigners have been heavily restricted to buy apartments.
I am covering
The banks stop bleeding. If that is the case, I think the decline may be closer to an end.
Another 20% cut?
Nouriel Roubini, who correctly predicted last year’s financial crisis now calling another 20% downside on S&P. The reason? Slowing China.
Kamis, 22 Januari 2009
New gadget!
Add a "follow" feature on the right! If you like what I have done here, please press "follow" button:)
MSFT missed!
In my memory, MSFT never missed its earning and laid off people (correct me if I am wrong), even in the old days when the bubble was burst. Missed 2 cents and cut 5000 workers!
Update: ESI
ESI reported earning this morning and beat it handily. It is trading at $123 this morning. Oh well, I dare not hold through earning, particularily in a bear market.
Rabu, 21 Januari 2009
Fading
The market is quickly fading. I repeat, the market is not oversold and it has long way to reach oversold area. I think we are on the way to test November low or even lower.
Some thoughts about picking a bottom
At Realmoney, Jim Cramer is picking on Warren Buffet, saying Mr. Buffet is down 50% on GS, GE. A lesson we as small investors should all remember: NEVER pick a bottom! Even a great investor like Warren Buffet can't time the market. Maybe he picked the extreme of the fear, but the price has not hit the exact bottom. The price tends to lag or overshoot.
AMR is killing airlines
You can tell it is so hard to be long in a bear market. Last week airlines still looked ready to break out, today it got killed by AMR, which missed its earning big time.
Rally to last?
I just used this rally to unload my longs and reload my shorts. I don't think the market has changed over night.
Senin, 19 Januari 2009
Jumat, 16 Januari 2009
Banks are still the key
The banks are still holding the key to a better market. They have to stop bleeding first. If they do, I would jump in drug and biotech related sector, airlines, and educational sector.
Langganan:
Komentar (Atom)
