Markets did the expected...opened "red" and now it is "green"
Bull market goes through "hesitation initially...and then strong close"
It is always a great time to buy or add when markets is hesitant......
Do I follow what I say....ALWAYS......
I added EWY on weakness.....but did not get a very good price as this stock is very volatile...What is EWY...it is a South Korea ETF...and it has all the big names from Korea like :
Top 10 holdings are:
Samsung Electronics .........13%
POSCO..................10.4%
Kookmin Bank......... 5.4%
Shinhan Financial Grp......3.93%
Hyundai Heavy Industry....3.74%
Hyundai Motors..............2.76%
Korea Electric Power.....2.30%
SK Energy................2.07%
Samsung..................1.95%
Shinsegae.................1.87%
My cost of EWY is $65.72.......
In my portfolio :
LDK is UP 51 cent...trying to stay green...while all solar stocks are UP "huge"
AGU UP 29 cents.....looking to move further UP shortly.....
AAPL is UP $4.12..only $8+ from all time high...they are introducing iphone which will transfer data in 3G which is "much faster than current edge system from ATT"
RIMM is UP $1.99 only $14 from all time high.....
EWY is down 40 cents but I am making 25 cents...enough for milk & bread.......
My Canadian short has been working like a "charm given me more $$ than most stocks this year...will not cover until CAD is 95 cents to US$...means US$ 95 cents will buy $1 Canadian..right now it is 100.67 down 86 ticks.....
@ 11.33 AM the following stocks are flying:
FSLR(new high),STP (new high),JASO,YGE,TSL,CSIQ,ESLR,SPWR,
GOOG,BIDU,CMED,FMCN,BX,ICE,TSO,VLO,NVDA,WFR,NMR,
VMW,MA.
Markets are looking "very strong"
BLOG does NOT give buy or sell......always follow your own investment & trading strategy.
Good luck for rest of the day.
Saleem
6 comments:
SALEEM
Hello
to teh best guy in Canada
thanks for the continutaion of your blog. I really miss it when I can not get to it.
I was at Walter Reed All morning long. Back now Is your RIMM and AAPL pick med term? I am NOT familar with EWY is that a good buy here?
As always I apprecate your comments.
AGU seems week here, maybe I am not looking at the right charts.
Please stay well ang GOd Bless ya.
Madmax
Hi Madmax,
Because Bull market has resumed..thanks to fed support...both RIMM & AAPL are good until they report & beyond..so I say med term.
EWY as my purchase should tell you..that I expect to make money...which I am already doing even today.
I must emphasize that conviction and making money are two different things...Making money has to do with market sentiments & stock support by institutions...if any of the two are missing...time to get out of that stock...imho
Hope your health is staying good based on your timely checkups.
Saleem
SALEEM
Here is a report on LDK
NICE report
Upside ReCalc™ : Adjust the upside trade & breakout parameters. ( Stock Price: 28.07 )
TRADE QUALITY 95%, Excellent
Good trade quality is a combination of good profit, profit/loss ratio and target potential.
TARGET 1 Price: 37.74 Profit: 34.4% , for a typical rally.
Stop Limit/Trailing Stop Limit: 26.18 Loss: 6.7%
Profit/Loss Ratio: 5.1 : 1 - Excellent
TARGET 1 POTENTIAL Good, there are 1 resistance areas on the way to Target 1.
Stocks may quickly rise to Targets when there are not many resistance areas blocking the way.
TARGET 1 RESISTANCE +26% at 35.38 ± 2.12, type double, strength 8
+34.4% at 37.74 is Target 1
TARGET 2 Price: 39.67 Profit: 41.3% , Profit/Loss Ratio: 6.2 : 1 - Excellent for an extreme rally.
BREAKOUT None.
Hello. WHy LDK? With the lawsuit(s) and iventory questions? I almost bought today but am wary of waking up in the morning one day with a 50% haircut.
Hi Minaccess,
It is all about risk/reward ratio.probably the-best bargain in solar.....
Haircut already done 2/3rd gone...
It is not a zero situation..please read what I posted on CMED board.
As you know I have 5 different stock...so it is 1/5 risk ???
Saleem
Thanks, as always. It sure looks compelling. LDK would be a 100 buck stock without the inventory issue. And since it's a china based co., the stock issue is probably not damaging business.
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