We have pointed out in last week's quick review that the market will have a short correction less than a week. Today will be marked the first day of that if later on we review. And of course today as you have seen, mms shift their holding into those traditional tech area such as AMZN, GOOG,AAPL, BIDU, NTRI, CMI. Also small tech like RACK continues to rally. Try to remeber the way they did this time, and do the similar thing in the future:)
Also From IBD top 100, only 2 stocks out of 100 increase 2% with increasing volume. They are SPWR and SPAR. Look similar? hehe.We haven't see any sign of recoverance yet. Keep our eyes open and watch how GOOG and AAPL, AMZN can play in the next day.
Pls also check TRT at this time, its performance today signal a bottom at this support level.
61 comments:
TNH is no longer in the list? It had a >2% increase with increasing volume.
bobby,
TNH is not in the list:)
Bobby,
I assume you also subscribe the IBD , right? If not, let me know, I forward you the IBD top 100 list.
Qianhu, when did they do that last time? haha
the strategy may be similar hehe.
yes, I subscribe to IBD too, just don't read IBD100 too carefully. I recently became interested in its DSA section.That is why I paid attention to ICE and AMZN. DSA is very helpful for me to learn chart reading.
TRT volume is so small, dare not touch.
You are very right, brisk. The volume is super small :-( I wanted to sell 300 shares this morning, only 28 shares got filled, with Scottrade!!!
5555, I will hold it!
qianhu brother,
I have just finished my dinner. don't blame me, was busy all day. especially after I expressed my will to leave the company, my boss threw more work to me.
didn't even have time to check with bh trade. I am holding nmx at this point. as long as it won't close under 126. I will keep it.
skiii,
how's going? let me know your progress.
to m31
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bobobobo, which is "bet with old gun"? MA? xiao ma ge?? Sorry I am slow...
-------------------------------
I am the old gun. fanzhi placed a bet with me regarding nmx's closing price (>128) due on today.
he lost but refused to pay the mit weibi interest to me. otherwise he might only has 4 mit weibi left in his account.
to happydayone
let me have a good sleep tonight, I will show you how to do some fa calculations.
bobo大哥,
You must have a successful trading today. The star stocks performed really well.
I'm still stupid. I bought GOOG 540 call at 0.75 and sold yesterday at 0.9(average). It close at 2.1 today!!!
I lost some money because of the QQQQ option.
I just wonder how can I really control myself and hold no matter how the MM will shake the price.
Today I got up late, 9:55 AM ET. I checked the prehour data and found that GOOG won't drop but Intel will. It really happened.
I thought GOOG will drag QQQQ but other component stocks are really not good today.
Next week will be OE day. I think GOOG will come back and I'll buy some put or sell some call on Monday. How do you think about it?
skiii,
nobody can always make money everyday and it isn't my trading style. Right now, my only holding is nmx, 20% in stock, enter price around 122.7 on May 25. and 20% June and July calls. My biggest gain today is 200 mit weibi from fanzhi.
that's why if I couldn't improve my skill to another level, making 10 times in 3 months is a great challenge to me. or I should say mission impossible. but I would like to challenge myself that way. because if I can make that happen, I will show off my account and become a legend.
regarding how to control youself, that takes time. you need to be extremely self confidence, so that you can control youself. for instance, once I bot grp $55 call at 0.9, it dip down to 0.55-0.6, then close at 2.7 that month. I sold it at 2.1 to 2.2. another time I bot divx 20 call at 1.25, it dip down to 0.7, I average down at 0.8-0.9, finally sold it at 2.0. I actually recommand the divx call to zzpt, since I saw his post asking how to make money to pay for his margin interest.
I am more than happy to see nmx closed above 128. because if you check with my old post, you should know what's the next price for nmx. the only thing I still don't know is why nmx has a resistant around 127.2, other than that, things are in control.
last post before sleep, good night.
to bobo,
Hehe, thanks for ur patient answer. I thought you meant 英雄本色小马哥 (MA). I am not slow but too fast, haha.
wow, bobobobo dude,
you are awesome!:)
to brisk,
TRT won't be necessary bad if getting close to support.
hi, bobo,
i want to learn fa calculations too, can u show me how to do that?
hi, bobo大哥
It seems today(6/6) the market will crash, according to all main Naz components afterhour data. Am I right?
“所有的专业炒手都不在乎赚钱或亏钱，他们在乎在正确时间做正确的事。他们知道利润会随之而来。炒手们要么全心投入，要么很快将从这行消失。”
I understand now!
to skiii
下探支撑是可能的。这也是低开的目的。crash不可能，量小
hehe,
yes, don't talk about crash, we are talking about short term correction:)
:-(
hi, 千户
你说的这次correction mm们用上次同样的手法，具体是什么呢?先炒科技领头股，然后再打压?
拜托赐教点。这两天看你的blog买了MA的put,不过时机买的一般，没赚多少。还有上次NVEC,都很感激你
recital in mitbbs
to recital,
they shift their risk first, then dump other stocks. We have seen such a strategy in 2006.
hehe, making money is good:)
美股也是这样暴风骤雨啊，幸亏有千户坐阵指挥，要不然偶又要沉不住气了。新手老
是担心market crash like 1987, 2000,
又要做到戒骄戒躁，平淡理性，在昨天前天抽身而退，很难啊。
偶坦白，我还有一大把票呢。今天惨了。正好这一个月不折腾了，要找工作了。准备sit through correction, 等调整到2538左右，买点MF放那里好了。
Yeah, thanks qianhu! Good luck bobby for job hunting!
Bless Brisk, patience, plz have more patience. 面包会有的.
buy day
to bobby,
yes,
we already finished 2/3 of correction, could be an entry here for short term rebounce:)
bobby,
are you looking for job? I will start to do job hunting pretty soon. Can communicate again. And the good sign is that many friends here are working, for example, Carol, bobobobo, Brisk, tomx, they would help us, hehe.
In anyway I can :-)
Carol is awesome!:)
thx qianhu. I am already 麻木, so I guess I have plenty patience. hehe.
welcome to work at california. I am glad to help. :-)
hehe, I am working too. Just want to change job so that I don't abuse my work hours on day trading. blush//
I am a biostat major. It seems the market is not bad now. Need to make a decision whether to stay in the health care or change career path to financial industry.
We work for our resumes.
There is nothing I can add to my resume after working in my current position for a year.
Even though I am lazy, I know I have to make a change.
hehe bobby,
you really really cheat our " gan qing " :)
hey bobobobo dude,
could you post several key stocks' pre hour trading record? ST doesn't provide such a service. Do you use nasdaq?
qianhu,
check with nasdaq.com
my nmx june 130 call was stopped out. I will re-buy this afternoon.
skiii,
speak out and let ppl know what was your ah observation yesterday.
Hi Qianhu,
I am a Wall Street Journal reporter, and am looking to write a story about overseas Chinese investors. Are you interested to share some of your investing experience with me? Shoot me an email or leave a number for me to call... Thanks a lot, Carolyn
WoW. WSJ Reportor...
Qianhu,bobobobo are both top trader. Plus, Qianhu is shooting a job, why not find a position in street for him, haha
Hi Carolyn,
Thank you for your interest in our chinese oversea investors. And I would like to share with you my experience and my several friends' investment experience as well. My email address is totalmerrill@hotmail.com . Could you send me an email because I don't know your email address or your phone number to call back.
Thanks and welcome to stop by. Qianhu
hi, qianhu, the closing of NAZ is disappointing. What do you think? Thanks
To happydayone,
I would not say disappointing, the correction needs time to be done, as we know to cool down the hot market somehow needs time. by today's close, we haven't see a change in the overall market yet. Such kind of correction is welcomed to keep market healthy.
to bobobobo and all,
Here are some important afterhour trade on 6/5. Please notice the TIME is almost the same!!!
AAPL
17:27 122.1075 54,600
17:23 122.67 255,906
17:15 122.67 31,327
GOOG
17:27 512.4483 8,400
17:23 518.84 29,799
17:15 518.84 7,912
17:03 519 39,000
INTC
17:23 21.96 429,891
17:15 21.96 41,952
17:15 21.96 209,618
MSFT
17:23 30.58 717,428
17:15 30.58 62,687
17:15 30.58 313,218
RIMM
17:23 168.32 39,551
DELL
17:23 27.26 177,901
17:15 27.26 16,525
17:15 27.26 82,568
ORCL
17:23 19.48 459,982
17:15 19.48 29,027
17:15 19.48 145,038
CSCO
17:27 27.1004 52,300
17:23 27.20 459,368
17:15 27.20 43,938
17:15 27.20 219,542
GS
18:35 229.36 33,700
17:15 229.36 14,900
17:08 229.37 11,500
C
17:15 53.90 35,600
17:15 53.90 178,100
etc..
bobo, could you give us some explanation about above data? I cannot understand very good considering today's market. Thanks.
hehe, Qianhu, cannot blame me. You assumed.
I believe you will be a good fund manager. Way to go.
Thanks skiii for sharing.
I normally observe QQQQ and SPY AH. SPY was actively trading down Monday AH.
But I guess most investors would pay attention to index ETFs like they do to index futures, making them less reliable in predicting market direction.
hey skiii,
if I told you I have another method to predit market direction before closing, are u going to belive me?
I do have that method, haven't finish test it yet. that's why I didn't told you. brisk also have another method. but looks like my method is better than him this time. :)))))
I just took off, let me watch the french open summary first. then we call chat.
don't go to stock board, they are fighting again.
Qianhu, today is a very bad day for my account. ^^: I have CPRT, JRJC and AKAM. Can you give me some suggestions on whether I should cut loss now or I should hold them through this month. Thanks.
bobobobo and skiii, could you please tell me where to get the AH/BH data? I want to monitor it too. Many thanks.
to happydayone,
nasdaq.com. I thought you are reading the fa book, and ban youself for 2 days. that's why I didn't put the basic fa calculations here.
to skiii,
thanks for posting the data. Ya, I can see what happen there. hehe
To bobobobo dude,
whenenver you finish the new method, let's know hehe.
to Bobby,
I think monitoring QQQQ itself may not be too much meaningful comparing to those key stocks. Just my thinking.
Chanel,
I don't know JRJC, CPRT, however holding AKAM may not be a bad thing in term of 3 months period. Be patient for whatever the investment you make. However if you wanna speculate it, that would be different story.
前面讨论的合作/cc没动静了? 要不开个google group? or yahoo group? (I am google fan).
bobobobo,
太抬举了， 我哪有什么系统呢。还在研究学习中。
to brisk,
yes, already got the skype setup. But I would suggest we have CC during weekend, because weekday we need to do some operation.:)
to brisk,
could you help to setup a forum for us? I prefer a closed one so that only registered people can watch it during strategy building process. :)
and m31, chanel, bumpkin,tomx
and other pals,pls register and tell me your username asap so that we can start discussion soon.
Qianhua, when do you think this correction will end? You said on 6/6 that we already passed 2/3 of the correction.
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