Monday, October 15, 2007

Market tape "very weak"...????

Markets are showing "weakness inspite of record run in Shanghai & Hong Kong".....

As Markets are in higher ground so a very close monitoring of portfolio is highly desireable.....

I did lot of trade this morning as I was "not happy with tape"......

Sold all FMCN booked a gain of $8.94 per share.....

Sold all CMED booked a gain of $2.56 per share....

Bought 6% more RIMM @ open.....my cost now $111.65 in Toronto....

Bought VMW @ $99.20......

Bought NMX @ $128.87....

Added 11% SINA my cost now $52.05.....

Added 20% LDK my cost now $48.00...

My portfolio now is :

LDK,VMW,NMX,RIMM,SINA,XFML..so far...i may add something before the day is out .....

@ 11.36 AM the following on my watch list is green :

BRCM (new high),SNDK,CTRP,SIRF (higher channel),NVDA,AOB,
FSLR,HLIT,XING,SNDA.

Please do not hesitate to book gain or loss.....to position properly in stronger stocks....Taking profits is different than how strongly you feel about the company....idea is to make money $$$

Good luck on rest of the day .....

BLOG does not give buy or sell.

Saleem

No comments: