for trading...fine...for an investment long term, perhaps ok...but seriously, better for things to show some strength in upside before committing Long positions...my simple take...
note VIX is a touch to 30....not long to go....one day, maybe cheong up up and away to 35.... it's gonna catch shorts on the wrong side...soon..soon...maybe...
good luck all...
green : welcome to Huatopedia, where everyday is a HUat HUat day !!!!
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Citigroup (C) 01 (May 08 - Nov 08)
Re: Citigroup C
by kennynah » Tue Jul 15, 2008 9:56 pm
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Re: Citigroup C
by ishak » Tue Jul 15, 2008 10:01 pm
Bought Citi @ 24+, sold off @ 22+.
Bought UYG @ 33+, sold off @ 28+, bought @ 26+, sold @ 22+, waiting for the next entry point 12!.
Bought SKF @ 130+ still holding.
Just an example of a person trying to pick the bottom
Personally, i don't use chart in this kind of market
. One black swan (bear stearns) could be a rare occurance, two is too much.
Bought UYG @ 33+, sold off @ 28+, bought @ 26+, sold @ 22+, waiting for the next entry point 12!.
Bought SKF @ 130+ still holding.
Just an example of a person trying to pick the bottom
Personally, i don't use chart in this kind of market
. One black swan (bear stearns) could be a rare occurance, two is too much.You have to learn the rules of the game. And then you have to play better than anyone else.
- Albert Einstein
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Re: Citigroup C
by kennynah » Tue Jul 15, 2008 10:04 pm
wow ishak...sorry to hear that man....nevermind lah hor...happens to everyone...
market open for you to win it all back and more....
C at ~$14 now...knn...damn f**k up man...
market open for you to win it all back and more....
C at ~$14 now...knn...damn f**k up man...
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Re: Citigroup C
by millionairemind » Tue Jul 15, 2008 10:04 pm
Don't be surprised if the Black Swans come in a series before this ends.. 
One really need nerves of steel to go long in this market...
One really need nerves of steel to go long in this market...
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: Citigroup C
by green » Tue Jul 15, 2008 10:07 pm
kennynah wrote:for trading...fine...for an investment long term, perhaps ok...but seriously, better for things to show some strength in upside before committing Long positions...my simple take...
note VIX is a touch to 30....not long to go....one day, maybe cheong up up and away to 35.... it's gonna catch shorts on the wrong side...soon..soon...maybe...
good luck all...
green : welcome to Huatopedia, where everyday is a HUat HUat day !!!!
Hi kennynah,
Thanks for your welcome.
I totally agree with you on that. What I would like to see is hopefully C will drop to 10 when VIX touches 35-37.
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Re: Citigroup C
by ishak » Tue Jul 15, 2008 10:10 pm
K: Thanks
M: Enjoy the thrill but i limit to what i can lose (without too much pain).
M: Enjoy the thrill but i limit to what i can lose (without too much pain).
You have to learn the rules of the game. And then you have to play better than anyone else.
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Re: Citigroup C
by millionairemind » Tue Jul 15, 2008 10:10 pm
Hello Green,
A very warm welcome to Huatopedia again.
I hope you find the time here enjoyable and we look forward to your many posts in the future:)
Cheers,
mm
A very warm welcome to Huatopedia again.
I hope you find the time here enjoyable and we look forward to your many posts in the future:)
Cheers,
mm
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: Citigroup C
by millionairemind » Tue Jul 15, 2008 10:13 pm
ishak wrote:K: Thanks
M: Enjoy the thrill but i limit to what i can lose (without too much pain).
Ishak,
You have a making of a good trader!!! Y? Cos' you never argue with the market and you cut your losses short
Keep learning and trading.., you will DO GREAT!
Welcome again to Huatopedia.
Cheers,
mm
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: Citigroup C
by kennynah » Tue Jul 15, 2008 10:16 pm
millionairemind wrote:ishak wrote:K: Thanks
M: Enjoy the thrill but i limit to what i can lose (without too much pain).
Ishak,
You have a making of a good trader!!! Y? Cos' you never argue with the market and you cut your losses short
Keep learning and trading.., you will DO GREAT!
Welcome again to Huatopedia.
Cheers,
mm
this applies to everyone of us....whether 30 years or 3 months trading experiences... we must never stop learning about ourselves vs the market....hahaha...
shiok hor...keeps us all from being brain dead...
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Re: Citigroup C
by kennynah » Tue Jul 15, 2008 11:28 pm
i am not going to start a thread on WM
yesterday ishak brot up WM...and i recall the intraday low was $3...it's now almost $4...
now that 33% profit in ONE day....but of cos, it could as easily have been $2 now...
yesterday ishak brot up WM...and i recall the intraday low was $3...it's now almost $4...
now that 33% profit in ONE day....but of cos, it could as easily have been $2 now...
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..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
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