Posted by btr
Wed, 04 Jun 2003 16:00:00 GMT
On June 4, 1989, the Chinese government brutally crashed the student-led democracy movement by military force.
The days and nights of month-long hunger strike and following days during the martial law are still vivid in mind.
The ambulances ... directing the traffics and guarding the life lines along the Changan street ...
The low flying military helicopters ... blocking the subway stations ... the buses with flat tires sitting in front of subway entrances ... the rumors that the troops are in the subway tunnels ...
The AK-47 automatic gun-shots heard from all directions and tracers seen in the sky ... the tanks and APCs speeding from many directions ... the fires in many places ... the waves of moving troops from the darkness behind the large buildings along the Tiananmen Square ...
The PLA assault team raiding the monument in the center of the Tiananmen Square where we stayed until early morning on June 4 ... the tanks crashing into the camps ...
The long withdraw back to the campus ... the deaths of fellow students ... the silent rainny nights except hearing gun fires from distance ... sitting on the roof top at Tsinghua ...
The hopelessness ... the angers ...
...
We never forget.
May the fallen heros rest in peace!
Posted in Misc | no comments
Posted by btr
Sat, 31 May 2003 14:26:26 GMT
If you think the bond market is close to its top, you might consider shorting it. How? Here's one way to short bond - buy this Rydex Juno fund (RYJUX) (annual expense ratio 1.4%). The downside risk is that the interest rate may go even lower or stay low for a while. The upside is that the interest rate moves higher.
Posted in Mutual Funds | no comments
Posted by btr
Fri, 30 May 2003 19:45:59 GMT
The market went up again. Both NASDAQ and DOW are almost at their 52 week highs. Although it could move higher, there is nothing wrong taking profits here.
Closed IBM, CSCO and LOW positions.
Posted in Options | no comments
Posted by btr
Wed, 28 May 2003 23:49:02 GMT
I did some research on ETFs for fixed income and market exposure in China at
ETFConnect. Here's the list:
TFT - ETF Advisor Trust Treasury 1 Fixed Income Trust Receipts: it can be used as cash equivalent, and currently yields about 1.26%. Edit: I found out today that TFT was closed for liquidation at AMEXTrader.
GCH - Greater China Fund, Inc: Other 6.10%, China 24.60%, Taiwan 30.70% (% for COUNTRY DIVERSIFICATION)
CHN - China Fund: China
5.40%,
United States
7.90%,
Taiwan
33.90%,
Hong Kong
47.10% (too little exposure in China)
JFC - Jardine Fleming China Region Fund: China
24.40%,
Taiwan
26.30%,
Hong Kong
49.10%
TCH - Templeton China World Fund: Taiwan
7.70%,
Hong Kong
34.70%,
China
40.30%
The market moved higher in the morning then gave up most of gains and ended slightly higher. Profit taking maybe ...
A lot of selling on MSFT pushed price to drop 0.38 in volume of almost 100 million shares.
Posted in Mutual Funds | no comments
Posted by btr
Wed, 28 May 2003 00:11:17 GMT
I read Hitman's
Hitlist quite often. It's a interesting saga of love affair, trading, and many things in life.
The market went up a bunch today after consumer confidence and new housing start data was released. DOW ended @8,781.35, NASDAQ @1,556.69, Russel @427.71 and S&P @951.48.
Targets: IBM @90, CSCO @16.6, MSFT @26 and LOW @42 (gap down as resistence).
Posted in Trading | no comments
Posted by btr
Sat, 24 May 2003 14:28:34 GMT
Long MSFT calls: it held right at support level @24 and both BB and stochastic at extremes after a week of selling fuled by rumor of insider selling - it turned out that Steve Ballmer sold 39 million shares.
Long LOW, IBM and CSCO calls: expecting bounce from recent drops.
Posted in Options | no comments
Posted by btr
Wed, 21 May 2003 00:57:52 GMT
HPQ earning should lead market higher tomorrow. HD jumped about 9% contrasted to LOW's 9% drop yesterday! Little changed on all indexes.
Closed all shorts on LOW, SOHU, CSCO and IBM.
401(k) is 100% in cash now.
Posted in Trading, Mutual Funds, Options | no comments
Posted by btr
Tue, 20 May 2003 00:30:37 GMT
DOW dropped 185.58 to 8493.39 below 8500. NASDAQ closed @ 1492.77 below 1500 and Russel 2000 closed @ 408.32.
LOW dropped almost 9% due to lower than forcasted revenue. The short position opened Friday went up more than 130%!
SOHU closed with bearish harami candle posing to reverse at almost twice of average volume.
MSFT broke down the trading range and support level is @24. The long position will be opened @24 level.
Support level IBM @ 85 and CSCO @ 15.5.
OAKMX and LSCRX: the remaining positions will be closed tomorrow.
Posted in Trading | no comments
Posted by btr
Fri, 16 May 2003 20:50:46 GMT
DOW closed @ 8,678.97. It's still in the uptrend, but it seems stalled a little bit. Russel 2000 dropped to 414.69. NASDAQ closed @ 1,538.53. If it's not topped, it's close.
OAKMX: sold half of remaining position.
LSCRX: sold half of remaining position.
Bought puts on IBM, CSCO, SUNW, SOHU and LOW.
Posted in Mutual Funds, Options | no comments
Posted by btr
Sat, 10 May 2003 01:02:23 GMT
Microsoft has published a suite of design patterns using .NET. Not surprisingly, you can find striking similarities with the
design patterns published by Sun Microsystems for the J2EE platform. Here's the link for
Patterns & Practices .
It's definitely a good resource for architecting any solutions.
For discussion on patterns, visit this
Patterns Community.
By the way,
Mono project team has released Mono 0.24, which implements .NET on Linux.
Posted in Tech | no comments