Market is NEVER ready for any "surprise"......however "small" it is.......the MANTRA is sell sell sell......& wait for "smoke to CLEAR".
So a small issue of sub-prime defaulting ASSET......caused today's MAJOR PANIC.
After close ...the whole default was quickly "absorbed by two consenting parties".
Did someone make "big time money on this panic...you can bet your investment on that".
One thing I have learned to do......is never sell in panic......EVALUATE the intensity of the problem........and I discovered that it is the same 2% sub-prime issue...which has been beaten to death 40 times ALREADY......so much for surprise !!!!
I took advantage of today's situation by making some trades.....sold profitable position in EGO & UXG.....and bought SNDK back which I only sold yesterday...what a gift......Now I have a bigger position .
I ALWAYS think..... if I could do SOME TRADE to IMPROVE my risk/reward ratio...for NEXT DAY........my actions speak LOUDER than words $$$$.
AH HOKU is flying for inking another supply deal for 7 years UP $1.07.
All index were DOWN 1%++ with 3 to 1 decline lead.
Today's selloff brings us that much CLOSER to another major RUNUP.......
The only question remains.......is your portfolio READY for next UPLEG $$$$$$
My portfolio as of now is:
STP,SNDA,SNDK,RIMM,PDN.TO.
Some stocks that did well today were:
FSLR,TSL,NMX,ICE,FMCN,NCTY,QID,TZOO,JADE,MBLX,PMCS.
Hoping for a better thursday...for all of US $$$$$
Please do your OWN due diligence and find your OWN comfort level.
BLOG does not give buy or sell.
Saleem
No comments:
Post a Comment