Markets is again proving to "novice that it is a strong bull market..which is NOT going away anytime soon"
If you believe Fast Money & Mad Money they were sure that next "several day's will be BAD"
They should rename their prgram to "Dumb Money" & "No Clue Money"
Specially all those Puts ,QID,DOG buyers are as "dumb as Macke & Adami"
Oh and talking about Adami...he told you to dump VMW...well it is UP only $3++..never seen so many FOOLS talking so LOUD and destroying traders equity..all on CNBC....the home of "how NOT to invest or trade".......
What did I do this AM......sold the DOGS.....
Sold all WFR & took a $3 per share loss.....
Sold all NVDA & took $1 per share loss....
Why I sold WFR & NVDA..because Semiconductors are WEAK as a sector....so no need to hang around in DEAD sector......
Bought back my entire position in SINA cost $51.85......
Added 35% more LDK my cost now $49.03.....
Added 17% more RIMM my cost now $111.65....
So my portfolio is :
RIMM,LDK,CMED,SINA,FMCN,XFML.....
Markets are not "in bubble mode as very scared & uninformed traders are writing over & over in message boards"...
Some of US have seen bubble...when concept stocks went UP $100 on no sales and no hope of earnings...it was all about "eyeballs only"
I hope you all rejigged your portfolio and if NOT...it is not too late to do it....
All strong stocks are flying.....and guess what .....the most famous bubble stock BIDU is UP only $8 so far.......
So the question is....... how is all those PUT,QID,DOG holders are feeling today......I bet..they feel like throwing UP......
Enjoy this Friday the 12......$$$$$
BLOG does not give buy or sell.
Saleem
1 comment:
again another great analysis
thank you Saleem
you ar edoinf all of us a great service.
I may NOT always buy what ou do but I sure have agreed with all of your analysis.
Take a look at RIO, GLNG and CHU
Have a great weekend
madmax
Post a Comment