Markets are getting a BIG helping hand from the FEDS........
As Marty Zweig used to say.....NEVER fight the Feds.......
Feds pumped LIQUIDITY into the system...more than what was EXPECTED........
Why Feds pumped MORE than NEEDED........to CALM the HYSTERIA........
I am expecting a GREEN close today.....as SHORTS will be too SCARED to carry their position over the weekend......
As usual .....I see these SLUMPS as buying opportunity.......and making my portfolio better for the UPTURN......
I sold my position on SNDA and booked a loss of $3800.....
Bought more RIMM @ its low missed it by 30 cents.....Now again I have build RIMM into my LARGEST position ....almost 39% of my portfolio.....it goes EX DIV in Canada on wed..so must be bought by tues for 3 to 1 stock split......
RIMM also tested its major support @$206 and held it nicely....so off to the races NOW....already UP $3 since my purchase....
SNDK is GREEN.....wants to go HIGHER to new HIGHS....
STP & CMED are down 50 cents after being down close to $2 area......
So my highly concentrated portfolio is :
RIMM,SNDK,STP,CMED.........
Other stocks which are GREEN @ 11.24 AM are :
BRCM,UXG,SIRF,YHOO,NYX,AOB,BRCD,STX,QID,AUY,NVLS,MTSN.
Please do your own due diligence & find your OWN comfort level.
BLOG does not give buy or sell.
Good luck in this crazy market.
Saleem
No comments:
Post a Comment