Markets greeted Bernanke comments by bidding UP futures & opened very strong.
Market are hesitant on 4th day of advance...So I am NOT sure how markets will close today...
Even if market close WEAK......it is because of mini overbought conditions.....
Markets need to digest its gains.....thus a sideways to lower TAPE will NOT surprise me.
In my portfolio :
I added 20% more LDK and my cost on LDK moved UP to $28.61.....
LDK is UP $2.39......as it reported this AM that it has secured supplies of Poly for 2008 to make wafer.....also it started construction phase of its new facilty.....all this positive news gave boost to LDK shares today......
AGU is down 57 cents reflecting market weakness.....
AAPL is down $2.60 reflecting nasdaq weakness....
RIMM is down big $7.94 on rumour of analyst comment.....could NOT locate any news to account for this selloff.....
EWY is UP 83 cents.......
Canadian dollar is down again 20 tick...so it may help me in overall result for the day.....
@ 11.28 AM the following are green :
CMED,MR,FMCN,SINA,BIDU,FSLR (new high),TSL,YHOO,POT,
CTRP,TSO,VLO,WYN,NMX,WFR (kissing new high),SOHU,TTM.
Close should be a telltale of how strong this market is..... negative close on nasdaq is OK...based on recent RUNUP.
Good luck on rest of the day.
BLOG does NOT give buy or sell.
Please follow your OWN trading/investing strategy.
Saleem
7 comments:
Dear Saleem,
I am building my beloved CMED position again up. (I felt strange without them :)
bought junks of 250 at 38.40, 39.71, 39.82, got 750 now. 750 more to go.
wanted to buy at 41plus more, but Huge Gap today - so I am still at 750 shares.
When are you joining the CMED-Train again? Around 42 is usually your entry point :-) right? Pleas advise.
your other picks:
LDK: I joined also yesterday.
small down risk, triple big Up Reward. with LDK I will double up as we go higher (let's hope we do that)
Saleem, how about a Saleem Buy Alert online? I would love it, and I am sure some other long time members on the board too. Maybe just by Messenger or email or so.
How about that? Let us know.
best wishes from the sunny Tropics in Costa Rica,
Don Ursulo
Hi Urs,
CMED is looking good.
I will buy CMED on slight pullback.
LDK will do good.
There is lot of work involved with two daily reports.
I will again start saturday technically WEAK/STRONG & momentum list..which should give you great list to pick from.
My time of posting is very predictable.....any BUY or sell I do...one can think about daily...plus I highlight GREEN stocks.
Saleem
Do you think we get an end of day run up on LDK? In the am the volume was huge on the uptick, but has slowed to a trickle as it has come off it's highs.
Hi Minaccess,
Markets are holding UP pretty good.
If Nasdaq rallies...then LDK will move further UP also.
I am quite pleased with LDK tape so far....I cannot ask for more.
LDK is giving all indication today that bottom is IN.
Saleem
We got foiled by a late day lawsuit. I can't wait for the inventory data to come out clean. ANy prediction of pps after the report.
Hi Minaccess,
Inventory audit will spark a rally in LDK.
Ambulance chasers have been @ it for a long time...it has NO affect on LDK anymore.
Saleem
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