Thursday, July 31, 2008

Jim Cramer calling the bottom

Jim Cramer is calling July 15th the bottom. Although I don't like him most of times, I tend to agree with him this time.


IMCL was acquired by BMY for $60. It is trading at $65 premarket. I think you can close it for almost $20 or 40% in 3 days!

Wednesday, July 30, 2008


ITT was recently added to my newsletter.

Tuesday, July 29, 2008


BIDU was added to my newsletter recently.

Sunday, July 27, 2008

Elder's new book

Currently I am reading Elder's new book "sell & sell short". Frankly, I think it is not as good as his previous works. He did not come up a sounding shorting method that I had expected. OK to read, it is from Elder.

One thing I like short selling

Shorting has one massive advantage over buying that is they tend to go down about twice as fast as they rise. This coincides one of my trading belief: make the most money in the shortest time frame. As the readers notice that my trading strategy mainly focused on long side, I think from now on I should pay more attention to the short side.

Friday, July 25, 2008

What do I do in a bad market?

1. Go read more trading books. Study the trading journal and see what went wrong.
2. Prepare a buy list that comes handy when the market gets better.

Don't ever give up easily, believe a better tomorrow is around the corner.

Thursday, July 24, 2008

NASDAQ trouble again?

2250 area is the key, I don't want to see TSI crossed down again.


Too bad got shaken out yesterday.

Wednesday, July 16, 2008

NASDAQ bottom?

Bottom fianlly? Better to cover some shorts.

Tuesday, July 15, 2008

Update: SOHU

Target met with $12.5 profit.

Monday, July 14, 2008

Decline is not over yet

The market can't rally on a good news, it clearly says the decline is not over. Do not try to pick a bottom that is suicidal.

Thursday, July 10, 2008

Friday, July 4, 2008

Update: ISRG

More downside on ISRG, now $30 in the pocket.

NASDAQ weekly

Typical bear market behavior: breaks down, bounces to the breakdown pt, then resumes the down trend. Also TSI just reversed from the neutral line indicating plenty of downside on the weekly chart.

Tuesday, July 1, 2008


I think we should take some profit off the table today.


ISRG has been featured in my newsletter for days, now almost $20 in the pocket.