i'd be careful about those chinese stocks. I lost a bunch on APWR and JASO. These  chinese stocks come out with a bang and plummet next to nothing. The only successful and trusted chinese stock is probably BIDU. They get hyped out and then dumped, accounting is never transparent. Basically it has too much risk. Just look at history some of the chinese scam stocks like RINO, FUQI, APWR, HEAT, CSIQ and so on. Cramer says stay away from Chinese Stocks and i think i agree with him on that. I do not think anyone should get into chinese stocks unless you are a really good day/week trader. They are just not a buy and hold kinds.

sidster · May 5, 2011 10:59 AM

@tyrannyoflogic:  Wow, I wouldn't touch FMCC with 10 foot pole.  Way too risky for me.  Its risk grade is 487.  Compare that to Walmart's 57.  if you want to play with it, do it with limit orders and only for very short term.  But still, why would you?  Though it is hovering around 48 cents, I don't think it will fluctuate much.  Risk versus upside does not jive.  Furthermore, even if it goes up by 25%, it will hardly cover the cap gains tax.  Just my opinion. On the other hand, I am seriously considering buying some Apple.  Seems cheap.  What do you guys think?

riten · May 5, 2011 3:00 PM

Riten, Its hard to say where the market is headed at the macro level at this point. I would wait and see where the month of MAY puts the market. We may see correction all the way to 1300 in S&P. If we indeed get a correction Apple could be much more cheaper. These are the tickers i have on my watch list with my expectations. LVS ( long term...possible double from here in 2 years) AMR ( Or any other airlines a short term trade, selling it mid summer) JPM ( Short term to 49 - 50 level from here) GOOG ( 600 - 650 in three months or so) CSCO and HP for a spec play ( i think they will go up on this earning,probably very little downside from here) MT ( over 50 in a year) AKS ( over 24.00 in a year)

sidster · May 5, 2011 3:38 PM

Which is the best airline stock for the short term.

dalbhat · May 5, 2011 4:22 PM

Dalhhat, UAL is best of the bread but most of the easy money has already been made on this one. It was at 19.00 a week ago now its sitting at almost 26. It has a potential to get around 28 - 30 DAL is a medium risk with a potential to get back to 14 - 15 level again AMR is a high risk high reward ticker...it has a potential to get to 8 - 9 bucks in few months but it is also one of the worse managed airlines. I have chosen AMR for its high risk and high return prospect. Like i said...last week was the best time to get into those names....

sidster · May 5, 2011 4:59 PM

@riten yeah it is risky ,  it is an otc stock  but if you are investing in stocks you are at risk anyways ........ with that being said look the FMCC chart, if it holds 0.50 then its headed towards the RSI 70 line if it breaks that then theres significant upside to it imo and the MACD is curling upwards too  ...they jst posted quarterlies stating some 500 mill in profits ...compare that to some billions in losses from before ....... but they also said that upcoming quarterlies might not be good.......(i didnt get what u said abt capital gains not covering profits ........whats that abt ...) As for AAPL, the charts dont look that good to me ...MACD curling downwards , its moving downwards on RSI abt to hit the 50 line and the sell volume on it .....i would wait for it to drop a little more cuz its jst trading sideways right now  ....or they might annouce an iphone 5 who knows ....then i would buy it these are jst technical aspects of it though ....jst my takes on it but yeah its been really after a while that i have seen a productive thread on sajha cheers

tyrannyoflogic · May 5, 2011 7:00 PM

LEE chart is perfect rt now , oversold ,big green candlestick today m jst watching it rt now though cuz not all the buy signals are there yet....lets see if it holds todays price

tyrannyoflogic · May 5, 2011 7:06 PM

I don't know how to look at the chart and find the right time to buy or sell a stock.I can read the chart but not perfect.Can anyone tell me how to read it correctly.OR, is there any website which tell us that how to read a chart perfectly.

dalbhat · May 6, 2011 10:35 AM

I hope some of you bought some airlines stock and held off on buying AAPL. Looks like S&P is headed towards 1306

sidster · May 16, 2011 1:47 PM

 Good stuff in this thread.

Nepali_American · Aug 16, 2011 8:10 AM