Good Bet on AAPL/RIMM Paired Trade and Lottery Ticket

My paired trade of long-AAPL-short-RIMM is going to pay handsomely tomorrow as RIMM dropped 20% after hours. I’m going to take my profit tomorrow and put maybe about half of it toward my I-don’t-care-if-I-loss-it-all fund. I’m going to keep a small position on AAPL since I believe the market risk has subsided a little bit and I do [...]

Time to get out of dollar

What the Fed is doing simply worries me. The Fed’s job is to provide liquidity to the banking system, the oil to engine if you will. That’s fine as long as the banks who need loan put up some risk free asset like treasuries for collateral. What they’re doing now is basically accepting any kind of [...]

Crazy Week

It has been a crazy week. Trading FNM and WM with mixed results. The market simply moved too fast for me. The good news is I didn’t lost my shirt. The bad news is I spent tens of hours treading the equity market and have very little to show for. Not worth my time. I [...]

Racing to The Buttom

From The Telegrapth:
Mr King also warned that the Treasury risked sending inflation expectations higher unless it brings its own finances under control. It came as the Bank’s own survey showed inflation expectations for the general public rose to 4.4pc for the year ahead – the highest since the survey began in late 1999.
Comment: B2 Britons [...]

London Stock Exchange Outage

According this and this.
The world’s fourth-largest market doesn’t have a side-by-side fail over system and runs on Microsoft Windows?

EUR/USD Broke 1.4 Next Stop 1.33 and Going Lower. Only Obama Can Stop It.

The Reserve Bank of New Zealand cut OCR by 50 basis points to 7.5 percent (link) may have helped pushing Euro down. The RBNZ admitted that inflation is evil, but cutting rate too little too late and causing prolonged recession is equally bad. ECB, are you listening?
As long as you still hear retail ForEx sites chanting [...]

Is Apple (AAPL) a Buy?

Apple released new iPods and updates to iPhone. Stock down more than $6 or 4%. Is AAPL a buy at this point?
The answer is YES and NO. Yes, I believe AAPL is going to outperform the market in the 3-9 month horizon. No, I don’t think the market is heading to the up side very quickly very [...]

I’m a loser today

I took my lense money and bought FNM at around $1. It closed at $0.75 or so. Should’ve listen to myself. Trading news like that put individual investor such as myself at a disadvantage. Oh well. Live and learn, again. I could have bought a cheaper lense and I’ll at least have a wide angle [...]

EUR/USD Pushing 1.40

Since the the government effectively nationalize the GSEs, Chinese and Russian stopped their dumping of Fannie Freddie papers for now. At least, that’s what I heard.
The other macro going for USD haven’t changed:

Weak Euro Zone economic data.
ECB and British Central Bank’s next move is expected to be a rate cut.
US Fed is expected to hike rate next.
USD [...]

The Chinese is Coming to Get You

The Telegraph:
The Chinese central bank, one of the most secretive in the world, is amassing shares in many of Britain’s blue-chip companies…In total, investment entities either controlled by or affiliated to the Chinese government now own stakes in at least half of the FTSE100, and probably considerably more…questions about China’s motives are likely to become [...]