At the postings APPLE Scores Big – Wait Till iPhone Comes to You, I also reasoned why I still hold on to the stock option – simply because I feel bullish because the sentiment or the pulse of the market towards Apple is bullish. So when everyone is bullish, the greed rules the market and I should be in fear mode right? Well not exactly, if the whole sentiment is in unidirection there’s still some “leftover” from the cigarrette that you can have a few puffs. I believe I’ve said in my previous post that the other reason I’m still holding is because the $ 100 per share level has not been fully tested yet and so when it stabilize above $ 100 it tends to test a new high and another new high non-stop.
But it can’t goes on forever, the moment you noticed something is not right with the real-time chart, you better run for cover. Why? Simply because investors are finding reasons or rather excuses to sell. And when a big market-makers sell, it sparks the chain-reaction and everyone will dump their position in a panic way. I’ve seen this numerous time and I don’t plan to wait and watch another time. At least I follow the guidance that says :
Bull and Bear makes money, Pigs get slaughtered
|
|
May 10th, 2007 by financetwitter
|
|
|
|
|
|
|
Comments
thanx boon … apple today really scares the shit out of me … you should see the free-fall just now … all the best to you as well …
cheers …
enjoy reading your blog. You must be making tons of money.
Could you perhaps explain how to trade US options/stocks while residing in KL for me? Thanks.
boon, hope you made your fortune from the future on such a sell-off on djia …
yap, glad you’re enjoying my blog … hmm, i’m just making some pocket money not to the extend of tons …
it’ll take many days and moons to explain the trading of U.S. markets (most of them i’ve blogged it within my blog here) … remember that internet is the main reason i can trade anywhere (that’s why i’m still puzzle why malaysia couldn’t 100% open up it’s trading platform to cyber-traders) …
basically you can open an account with U.S. brokerage house to trade stocks and options (for functionalities try optionsxpress, for performance, try interactivebrokers) … you don’t really have to goto U.S. to just open up an account – can be done at your sweet home online …
but you need to have education and learn the fundamentals of trading or rather investing … there’re lots of books, info or blogs which you can gather the necessary info …
if you’ve investing stocks, then trading option will present you another dimension of making money …
cheers
stocktube
Many congratulations!