Markets continued its weakness ......first reason is consumer confidence is waning......
Markets are also waiting for feds to release its minutes @ 2 PM...till then markets are drifting further lower......
So what do I do when markets are falling......sell the weak stocks and buy more of what has shown strength lately.....
Sold STP @ loss and plunked the proceeds in VMW.......
Sold BX @ loss and put the proceeds in NVT.......
So my portfolio is highly concentrated in 4 stocks only and they are:
RIMM,VMW,NVT,SNDK.........
SNDK is green today because Oppenheimer had nice things to say...target $70 !!
Green stocks @ 11.25 AM are:
RVBD,TSL,QID.......
Hopefully..... fed minutes will give something positive for the markets !!!!!
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
No comments:
Post a Comment