Markets Took off big-time on Fed Vice-Chairman Mr Kohn comment that economy & credit situation is much worse than their last meeting...hinting @ rate cut as "remedial measures"
I took the cue from Fed and did buying @ open......
Bought AAPL @ $177...a bad fill ....paid more than open price of $176.82....taken for 18 cents /per share.....
Bought RIMM @ $118.......
Bought AGU @ $55.....
Sold QID and booked a loss of $1.73 per share....cost me extra 30 cents/per share loss because TD waterhouse online ordering system was down and had to wait 10 minutes for phone order...???
Then put all proceed from QID into LDK the most beaten down Solar stock my cost $28.34...
So My portfolio is (100% invested):
AAPL,RIMM,AGU & LDK......
Market has been oversold...but financials were lagging..which never starts any meaningful rally......
Today financials ignored the bad news from Wells Fargo...and is flying...which is a "cue for a major turnaround"
Just about everything is UP...in many sectors.....so a broadbased MAJOR turnaround $$$$$
Good luck on rest of the day.
BLOG does NOT give buy or sell.
Please make your OWN decision based on your investment or trading objectives.
Saleem
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