NBA TIME...A BREAK FROM TRADES

We're now into the conference finals. In the West, its finally a match up between the Spurs and Thunders. These two teams are the top two in the whole NBA and their meeting today will be very fierce, going into the championship.


I believe the Thunder has a little edge considering their youthful line up and aggressiveness. The Spurs will gonna have a hard time containing the fast drives into the basket by Westbrook and the tall all-around shooting and rebounding ability of Durant. He is simply amazing in the court. The whole team too plays  in a clockwork precision.


The Spurs meanwhile are kinda old team and may not be able to catch up with the energy of the youthful Thunder. Dunkin for instance, has been in the NBA for quite sometime, as well as Manu G.


In the East, Its Boston vs Heat. Its a same scenario as in the West. Miami is the younger team while Boston, like the Spurs, is the aging team and it is definitely not a plus.

My guess is that it will gonna be the Thunder and the Heat in the champioship! And who will be the 2012 NBA Champion???---->OKLAHOMA THUNDER!

MY TUESDAY'S TRADE SET UPS, MAY22,2012

DOW will definitely continue to go north as in yesterday. I will augment my position therefore with the followings stocks:
         
           STOCKS    SHARES        ENTRY         EXIT
          1. BIDU          230               121.75        129.55
          2. MA               60               410.58        419.99
          3. WYNN       240               104.17        107.01
          4. PCLN           40               657.58        681.85
          5. CAT            274                 91.98        100.66
          6. YHOO       1650                 15.58         16.72


As soon as each stock hits its price target, i will gonna head for the exit and take profit. My indicators showed that above stocks will move up with the market.

So let's see how well i trade today :)
Note: Above are mine alone and does not constitute a  
          recommendation to others.

MARKET'S GOING NORTH..

Market has been spiralling downward for the past twenty days. DOW index plummeted from 12,300 to 12,369 as of the last trading day Friday, May 18, 2012. And this bearish trend may probably continue if world leaders will not act on it to prevent this from happening.

But just today i heard the G8 leaders convened and agreed unanimously to fix EU's enormous problems that may lead to its break up and possibly spread the contagion to other struggling or even recovering economies.

Are we seeing a possible reversal of the market tomorrow? Personally, i believe the market will open up tomorrow in a positive mode, and will bring smiles to both investors and traders.

So right now i am preparing my trade set ups and expect to make a little profit tomorrow. Let's see if i read it right.

THE FB IPO TODAY..WHAT COMES

I am an FB user but beyond checking status updates...i dont do much.


So, as an investor, what's in store for me?  Personally, i dont believe in FB's viability unless it can monetize the 1billion users it now has by way of ads. Besides, its ipo valuation is way too high and there are signs its too speculative. A lot will be dumping their stocks the day after to take profits.


Goodluck to its investors then!

THE WORKS OF SMART MONEY!

I didnt expect the DOW to go down any further last night. It has been red for the past two weeks triggered by uncertainties in EU and the possible exit of Greece. Unfavorable economic/financial  figures too from the US and China had been making investors wary and nervous.  After the sell off, market is supposed to stabilize as bottom-pickers take advantage of the dip.


It turned out the sell off  wasnt over; probably more bad news had filtered in esp with JPM's 3billion loss in hedging. Or investors are still expecting for the market to worsen. Or the SMARTMONEY has gone to work again!


At any rate, i changed my portfolio position anticipating a recovery. The market indeed recovered and the DOW went up 40+ index points. So i went to sleep. But that was how far the market had gone. Soon as i hit the bed, it tanked and the DOW ended the day 12632 points, down 63.35.

I ended up too with a loss, with no choice but to wait till the market recovers - afterall, my call expiration is a month away still.

BLOODY WEEK IN THE STOCK MARKET

Stock market this week will definitely be far worse than anyone would expect. China has slowed down; most in EU have reentered recession; Greece might exit the EU and the US might be sucked back into recession as well.


Like i said last week, the best thing to do is sell all your positions before it gets worse. There is no alternative to being liquid! And when everything has bottomed out, get on the buying spree and go fishing. Or if have guts, go on PUTS  or take SHORT POSITIONS.

AI11..MY BET IS JESSICA!

American Idol Season 11 is down to three! And taking the lead is a Pinay who has awed the judges as well as the american public. I would not be surprised if she gets the coveted title in the next two weeks when the idol season will gonna be over.


To Jessica, pick the right song...its the only thing that matters, given your powerful voice and popularity. Goodluck and everyone is proud of you!

Jessica Sanchez: Will huge YouTube following make her the next ...

www.csmonitor.com/.../Jessica-Sanchez-Will-huge-YouTub...

by Molly Driscoll · More by Molly Driscoll 7 hours ago – Jessica Sanchez is the American Idol contestant with the biggest YouTube and Twitter following ... In Pictures: American Idol best-selling artists ...

SIX DAYS IN A ROW FOR BEARS

Something is wrong in the world..for the global markets to react negatively six days in a row. The DOW has lost 504 index points hence.


Jobs data, manufacturing, housing, and other figures indicate not so good results while public deficit continues to widen,  further dampening the market sentiment. In Europe, there is even worse development especially in the political arena. Sarkosy is out and the anti-austerity groups in Greece has seized majority in the parliament endangering the previous agreements on spending cuts and fiscal reforms. There is a possibility that these uncertainty will trigger the break up of EU. If that happens, it will gonna be very difficult especially for cash-strapped countries like Spain, Italy, Portugal, etc. as interest on govt bonds will skyrocket.


Consequently, there is a need to be EXTRA CAREFUL when placing trade set ups. Or better still STAY LIQUID!

ABSTRACT MATERIALISM by F. KONG

Though we claim to be a country that is struggling with poverty the Filipino will always be updated as far as the latest fashion is concerned.

We read the latest fashion magazines watch amazed at the world’s prettiest men and women donning their designer clothes in Fashion cable channels and we pick them up.

The amazing thing is to realize that in a very materialistic 21st century world we are in today, rather than fashion imitating life, life is imitating fashion.

Bordering on confusion, human beings behave in very strange ways.

Consider the following:

• We wear Safari clothes and we’ve never been to a jungle.
• We wear Aerobic footwear and we never set foot in an aerobics class.
• We wear a deep sea dive watch and we never get wet.
• Those beautiful and expensive pilot’s watch we buy yet we do not know how to fly a plane.
• We drive a 4 wheel drive truck in the middle of manila traffic.
• We have architectural magazines we don’t read filled with pictures of furniture we don’t like.
• We have financial strategy software installed in a computer we don’t know how to work.
• We have art poster for an exhibit we never went to of an artist we never heard of.

This is called abstract materialism.

One day a young executive got into an accident in his brand new Jaguar after having too many drinks in their office Christmas party.

As he made a turn he missed it and went straight into a tree suffering from a serious crash. It was a wonder he got out of the debris alive but did found one of his arms missing.

People milled around the wreck and heard him saying, “Oh no. Look what happened to my Jaguar. My beautiful Jaguar.”

One of the spectators was amazed and said, “Hey mister. You’re still worried about your car you should be glad to be alive. Don’t you know that you’ve lost an arm?

The executive quickly turned to see that one of his arms was indeed missing. And so he cried out loud saying: “Oh no. My Rolex too. I lost my Rolex too!”

Understand this.

The more you have to live for, the less you need to live on. Those who make acquisition their goal never have enough.

ADIOS SARKO!

Only a miracle will save Sarkozy, reports CNN. But he doesnt deserve a miracle as most disillusioned constituents cast their votes for Hollande. 


The market reacted with this change as well as the gain by the anti-bail out groups in Greece. I expect the US markets to move into the negative territory again for the third straight trading day! Asian and European markets too were down at open. There were more decliners than gainers in the PSE(136vs36) and index was down -68.02. Consequently, my stocks took heavy losses.

For the US Markets,  it will gonna be a steady decline happening towards  the end of May, even if the Fed will launch QE3 "officially". I'll be repositioning my portfolios for more put options with expiration in June or July this year... or some short positions. The world will enter into a recession as there will be a confluence of economic/financial chaos factors. The best thing to do is: TRADE WITH CAUTION...OR BETTER STILL SELL AND STAY LIQUID!

TODAY'S INSPIRING QUOTE

"Getting over a painful experience is much like crossing monkey bars. You have to let go at some point in order to move forward." ~ Author Unknown

MISSING MY PRINCESSES :(

It could be the reason that i might soon renew my US visa. I really missed my princesses, though i had a great time with them for nearly three months while they were here on vacation. They're Maryam & Zainab(5 & 3 yrs old). 


Maryam & Zainab would wake me up every morning,  expecting me to walk Rocky & Honey(our cute dogs) with them. They always loved the walk cuz they see lots of things/insects, and collects fresh flowers from neighbors' garden along the road. Sometimes too, when i was too tired to walk, I'd let them see cartoon shows like Winx Club, Dora, Sponge Bob, etc. They both loved the Winx characters that Maryam is Stella; Zainab is Bloom, and i got to play the character of Sky lol,  with all the powers! The three of us would chase the villain, The Wicked Woman and unleashed all our magical powers! hahaha


After the walk or while seeing the cartoons, i fixed them SkyFlakes with peanut butter. At first Zainab didnt want the peanut butter but only choco "makan". Later however, she would tell me to make one for her.They both are crazy 'bout the chunky peanut butter.

Who would not miss them ...I did, even before they left!

FROM: F KONG'S

The world today is divided into 3 kinds of people:

1. The have’s
2. The have-not’s
3. And the have-not-paid-for-what-they-have

               DONT FALL INTO THIS TRAP!

QUOTES TO INSPIRE US: DAILY POSTING

For today:

"What most people need to learn in life is how to love people and use things instead of using people and loving things." ~ Author Unknown