Saturday, June 28, 2008

Got a winner!

$2 million is the winning bid to lunch with Warren Buffet. I heard the winner is a Chinese hedge fund manager. Yahoo Finance now has the full story here.

Crude oil

Crude oil is about to break up again that coincides further break down of the dollar.

Strong dollar?

Our government said they support strong dollar policy? The chart says they lie.

Friday, June 27, 2008


WYNN has been featured in the newsletter for days.

Thursday, June 26, 2008

Update: RIMM

Escaped the massacre again.

Tuesday, June 24, 2008


SOHU was recently added to my newsletter.

Monday, June 23, 2008


FLR was added last week.

Sunday, June 22, 2008

Lunch with Buffet

The auction with Warren Buffet starts tonight. This is the 6th year. I did not know the winning bidder could bring up to 7 friends at the lunch. So that is $100,000 a person if calculated with last year's price. Not a bad investment. Definitely I would go if I have enough knowledge to communicate with him.

My dream

Before I dislike the economist as a title or a profession and I felt embarrassed to say I was majoring in economics, since at that time I thought it stood for stubbornness, old school and poor professors. After years in the trading business, I now have a totally different point of view.

As a short term trader, all I can foresee is hours ahead or days ahead maximum. So the profit is limited by the time. Once the price is beyond the time I could reasonably guess, I become uncertain and suspicious.

But the economist can forecast much further than that. I am talking about the best breed, like Jim Rogers, Warren Buffet etc. They see things years ahead. Jim Rogers has been bullish on basic material since years ago. Warren Buffet bought Petrochina when nobody wanted it and sold it at high.

That is power I want to pursue in the future. I wish I could be one of them, I could see what they see, do what they do. I dream to be called as an economist.

Now it looks like a good escape!

I escaped at $112, $15.4 above.

Thursday, June 19, 2008

Update: RIMM

Up almost $12 in 4 days.

I remain short term bullish

The NASDAQ outperforms S&P right now with C is again breaking $20. I don't see much downside from here.

Wednesday, June 18, 2008


BKX is now near the low of 2002 on the weekly chart. It is due for a bounce. And you know my attitude towards the financial sector.

GS bouncing

GS is now up over $3. Covering shorts. We go higher.

Tuesday, June 17, 2008

Update: POT

POT is up over $32 since added to my newsletter!

Monday, June 16, 2008

A big leap forward

I just find out I never talked about trading diary on this website. It is THE MOST VALUABLE TOOL improving my trading skills. Many of the most important lessons in markets need to be learned and relearned. When we write about ourselves , we necessarily stand outside ourselves. At those times, we identifying with the mentor within us, not with the trader having difficulties. The trading diary is a means of communication from us as mentors to us as traders.

Do you know?

Do you know in the medical world, students participating in rotations covering each of the specialty field to experience them firsthand? After six weeks of pediatrics, six weeks of general surgery, six weeks of radiology, and six weeks of psychiatry, students begin to gain a sense for the kinds of medical practice that speak to their strengths and interests. Most of all, they learn which of the fields is fun. Students destined for surgery and emergency medicine gravitate toward active practice fields. Research physicians find their fulfillment in problem solving and the analytical process. Each group finds its own path through the developmental process.

Now imagine approaching trading as if it were medical education: trading baskets of stocks for 6 weeks, developing a trading system for precious metals futures over the next 6 weeks, and then spending 12 weeks building currency positions based on macro analysis.

And now you know what interests you most, what market and what time frame you feel most comfortable to trade in.

Practical? I think it is worthy to find your trading mate.


I added RIMM last night.

Saturday, June 14, 2008

Another miss

The notation was left on Monday, the low on Tuesday was $90.82. I did not expect AGU could just rally facing an ugly market. Oh, well.

Got shaken out

Too bad.

Monday, June 9, 2008

China's best economist

Xiuyun Han is the best economist in China to my knowledge. Run and get her latest insights on housing, stock market, currency and employment etc here.

Thursday, June 5, 2008

Lakers rules!

Lakers all the way to the championship!

Update: POT

Now $11 that could be in your pocket too.

Update: MON

Now up almost $13 that could be yours too.

Tuesday, June 3, 2008

Update: BTU

Now up over $5.


I added POT last night.

Update: MON

Now $8 in the pocket that could be in yours too.

Bad for Chinese people living in the States

Before you had the luxury not to invest, CD might be a good alternative. But now Renminbi just broke 7 and it is on the way to 6, 5, even 2, where Jim Rogers projects in the foreseeable future. With the speed like that, I don't see any directions other than that. If you have no plan to go back to China, no education plan for your kids, or no retirement plans, you can skip this. If any of the above occurs to you in the night, you are now FORCED to invest. You are now FORCED to beat the market.

I will skip the education and retirement plans here, since they are common sense to most people. I will show you how scary it is to Chinese people earning dollars when Renminbi appreciates to 2.

If you make $50,000 or Renminbi 350,000 a year, a regular wage in the States, you are still treated as a gold collar in China right now. This will change dramatically when a dollar can only get two yuan. Then you are making Renminbi 100,000 a year, which is just a little more than the wages of a masseuse at Liangzi, Beijing, who came directly from a Henan village, without much education.

Everybody knows the price of automobiles and housing in Beijing is high, what about groceries? Unfortunately I tossed away the last receipt which is over Renminbi 400 for a trip to a supermarket called Yichulianhua, I will definitely attach it next time.

I hope you get what I am saying. If you have money, buy Chinese asset; if not, make extra money by investing and then buy Chinese asset. I don't want you to be shy on your pocket when you go back to China next time, your Chinese relatives will look down on you. From where? America?

Monday, June 2, 2008

Update: MON

MON continues to climb.


BTU was added last night.