Markets spend last 3 hours trying to stabilize.
DOW & S&P GREEN..Nasdaq ...almost...not quite yet.
Did lot of trade this AM.....weakness to me is an IDEAL time to rebalance the portfolio with better risk/reward ratio.......
Sold SNDK & NMX booked GAINS.
Bought more RIMM on today's weakness.
Bought SNDA which has gone down to sideways in the last 3 weeks.
Added more EGO the gold story of my life.......
My portfolio looks like this as of NOW :
SNDA,STP,RIMM,UXG,EGO,PDN.TO
NMX there was an analyst report which said NMX is fully valued @ these level....and it was showing weakness this AM...so LOCK the profit strategy.
Strong stocks are @ 12.42 PM includes:
SNDK,CMED,ICE,LVS,FSLR,BIDU.
Lot of RED all over...so no point in listing them.
Good luck on the rest of the day.
Next UPDATE around 7PM.
Do your own due diligence.
BLOG does not give buy or sell.
Saleem
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