NYX

NYX is up $3 since my recommendation.

NASDAQ

I have not been optimistic for some times, today's nasty reversal further validates my neutral to bearish view.

Update: CTRP

CTRP continues to climb regardless the general market. Tighten the stop, don't let the profit slip away.

Update: NUE

This is a good example that traders should take partial profit along the way. By the way, it is a sell at the open.

Update: WYNN

Also WYNN.

Update: ATI

I closed ATI today.

CTRP

CTRP now is up over $5 since added in my newsletter last week.

Update: WYNN

Up $7 since my buy pt.

Update: ATI

I will close ATI at $100 area.

NUE

I added NUE couple of days ago, today it is up $5.

WYNN

I added WYNN last night, it is up $6 today.

Update: ATI

I would take some profit off the table today for a whopping 13 pts within two weeks.

Weekly Semiconductor index

Another one in a trading range.

Weekly Networking index

Notice we are still in a trading range.

NASDAQ weekly

This is the weekly chart of NASDAQ. Notice we are at the upper trendline. If history repeats, we are likely going down from here.

ATI

ATI is on fire today, now up over $6 from my buy pt.

NASDAQ

It finds support today, hope it will build a small base here.

Not pretty

Today's decline is brutal. As I kept saying in my newsletter last week, it was time to take profit, not entering the market buying blindly. I am afraid this year's incredible run is over marked by this selloff and I closed most of my long positions today. Be careful out there.

It was a great market

I have produced some nice profit during the last couple of months, please go check it out to the right under "winning trades". How long will this bull market continue to run? I don't know. But I do know now it is not the right time to be aggressively long.

Where is BIDU now?

http://uclatrader.blogspot.com/2006/10/bidu.html
Remember what my comment was on BIDU, it is now at $114, $24 over my recommendation.

Currently I am bullish on these

They have been featured in my newsletter for some times.

I can't access Blogspot

I could not access Blogspot in the last 20 days from Beijing. Tonight I get lucky somehow. So I will try to update as much as possible in case I will be blocked again later.

NASDAQ

NASDAQ gave us a first sell signal, tighten stops. This time the decline may be more severe.

Update: BIDU

BIDU beat the estimate, but forecast a slower revenue growth for the next quarter, which is just a bit off the consensus. I think today's big red bar could justify 2 million dollar's miss. Though I sold most of my BIDU in the pre-market, I say BIDU is going higher from here. Just a gambler's opinion.

BIDU

BIDU was added to my newsletter yesterday, it had a strong day. But it could be changed dramatically by its earning report that is going to come out tomorrow after bell.

Modified E55 vs stock M6-I like this video best:)

MLNM

I suggested MLNM to the platinum members yesterday. Half position was closed at 5% profit, the rest is holding for more gains.

SUNW

SUNW was added to my newsletter earlier this week. A good earning report push this stock to the upside.

Blogspot is still not stable in China

I could not open Blogspot webpage yesterday, I guess it is still not stable in here. I did not update it, since I had a reason; not because of my laziness.

Update: TZOO

TZOO appears to be an one day wander.

Update: LEAP

LEAP continues to climb along the upper band, the green was my buy pt.

TZOO

I added it to my newsletter last night.

Update: SHLD

I would take some profit around $180 area, the green arrow was my buy pt.

Shutting down the chatroom

Since I am going to be in China for some times, I will close the chatroom and no longer take in any new platinum members.

Another picture

The owner of this bar is an oil painter, no wonder it is so stylish.

More about Passby

Beijing Opera is the theme across the bar.

Passby in Beijing

There are lots of nice bars and restaurants in Beijing. Passby certainly is one of them.

Update: SHLD

SHLD continues to climb.

Good escape

This one shows not smart to hold through earning.

Update: EVVV

Failed breakout, out.

Strange

Strangely, China blocks the access to Thestreet.com. Although I don't made a trade based on its service, I still like to see some fundamental analysis and gurus' opinions time to time. Probably some commentators said something Chinese government does not like to see. Be careful what you say, you are on China camera:)

Hello from Beijing

I just found out China has unblocked the Blogspot, what a pleasing surprise! Now I can update my trading blog as much as I did in the States.

Hello from Korea

Hi all, I am at Korea international airport in Seoul waiting for my transfer flight to Bei Jing. Just checked some stock quotes, still think we might have seen a top, at least short term. So tighten the stops on your long positions that is my only suggestion. Good luck to everyone.

Check them out

Go check it out at
http://uclatrader.blogspot.com/2006/04/winning-trades.html
I have produced some nice gains due to recent bull market. For instance, $32 on BOT, $10 on BSC, $8.7 on ACLI.

LVLT

Just mentioned it in the chat room this morning at $5.5 area.

EVVV

I suggested it in my newsletter last night.

Update: BOT

$32.3 profit in 2 weeks!

Wow, BOT!

I would take some profit on BOT pre-market.

Update: UTSI

UTSI has been in a steady uptrend. The green arrow was my buy pt.

Friendster

I was wondering how come the Friendster has not had any action yet, now I know why.
http://www.iht.com/articles/2006/10/15/business/friend.php
I have been the member since March, 04, it is a pity to see it has lost the battle.

NTAP

NTAP is acting better than its first breakout. The green arrow was my but pt.

Going back

I will be back to China again next week. This time will be little longer. I will try to update this blog as much as I can. I can't promise, since Blogger is banned in China. Good luck, everybody. Now it is the best time of a year, make more money!

Update: BOT

After succussful test of 20 moving average, BOT turns up. Remember Oct 17th is its ER date.

Good escape

That is another example why we have to honor stop.

OPSW

OPSW continues its breakout from yesterday.

Not bad

Update: LEAP

Now up 9% in less than a week.

Update: ACLI

ACLI continues, now $10 since my buy pt, which is the green arrow.

Update: ICE

ICE still climbs, now up 10 pts over my buy pt 7 days ago.

Update: SHLD

SHLD is at new high today.