Market made an impressive finish ...after fighting two bouts of profit taking......
Market internals were very strong also......
UP volume was better than 3 to 1 on NYSE & 4 to 1 on Nasdaq......
Advancing stocks were in lead on both exchange.......
Citigroup cash infusion..put lot of cash in the markets.......
All we need is a green close tommorrow...to confirm that markets are "not in freefall...just a corrective mode"
It is OK if we stay red in the AM and end UP closing in green......a very good technical sign....
But if we open green and close in red...then we are back to one UP & one Down mode again....
Today was a very good "confidence builder day"
I may close my QID position in AM...if we are red.....but will keep if we are green in AM.....because then possibility of red close increases.....
In my portfolio :
QID closed down $1.33 @ $40.82 still UP 13 cent from my purchase.......
Canadian Short worked perfect it was down 62 cent @ close.....should add equity to my account in AM.......
If market works according to my scenario...then I will be buying around 1030 AM @ least 3 stocks.....hopefully !!!
In other sectors...Solar stocks remained WEAK.......FSLR,JASO,LDK. all down....
WFR,STP were UP..
RIMM,GOOG,BIDU,AAPL,MA,SOHU,SINA,VMW,INFY,EWY,
AGU,POT,AMZN,EBAY were strong..
Good luck for wed ...hoping that negative news will not trip the markets AGAIN !!!!
Please do your OWN due diligence & find your OWN comfort level with this market...you should pursue your own objective in terms of investment or trades.
BLOG does not give buy or sell.
Saleem
6 comments:
Good evening. Added RIMM to my portfolio today. Still have 17% of portfolio in cash.
CURRENT PORTFOLIO:
AAPL - 39%
BIDU - 13%
GSF (now RIG)- 6%
GENZ - 7%
JEC - 10%
RIMM - 8
If the market is positive, what do think would be a good stock to add to my portfolio? Just want your thoughts, I always do my own due diligence.
Hi Bruce,
Markets may be challenged today AGAIN...thanks to Wells Fargo...
@ the right price..I am looking @ an ETF from Korea EWY & AGU.
RIMM behaved better than market yesterday.
Good luck on your due diligence.
Saleem
Dear Saleem,
I did some similar moves like you did in the last 2 weeks. (I sold 1 day earlier than you all my positions: (VMW and SINA with a 5%loss, FMCN and RVBD with small gains)
My "Darling" CMED (I had 1800 shares) I sold half after ER in AH.($$$) The other half with stop limit orders at small junks going down.
My "dilema" now: As a long time CMED-Holder (2 years, my average cost was $ 24) I feel "naked" without them :). I still think it is a great company with great products and a BIG FUTURE = stock could triple and more within in the next 3-4 years.
Now, what would be the a good strategie to enter CMED again, and build up (let's say 1500 shares).
Is a "under 35$" a right point to enter again?
I hope you and some other blog members can give me some ideas.
Thanks a lot!
CMED board: Ed gone, Saleem gone, Navarre etc,
I hope you will post your take on CMED on your board from time to time. Keep up the good work!
best wishes from your Trader-Amigo
from Costa Rica,
Don Ursulo
PS: I would like to send you an email with a specific question, is it possiblle that you can send me your email-address?
to: ursthoma@hotmail.com
Hi Urs,
Markets want to go higher NOW.
CMED is a good company...but is it a good stock...that investors & traders have to decide.
You can ask any question in my blog and I will try my best to answer.
Good luck in your strategy.
Saleem
Post a Comment