Markets had enough trouble to begin with from open.......
Markets were trying to stabilize around 2....then NY Attorney General "spooked the market by its charge against Fanny & Freddy of collusion in mortgage mess"
Market did not need this fresh charge thrown @ 2 PM......
So thanks to NY AG...markets closed @ low of the day......I love New York !!!
Next support of S&P is 1470 only 5 points away.....we may go through that initially but we may "fight back to close above 1470...which will signal a return of next rally"
My portfolio did way better than Nasdaq...down only 1%...thanks to my max allocation in RIMM.
My portfolio remain unchanged......AAPL,CMED,FMCN,RVBD,SINA,RIMM.....
I have lot of critics...who go unsolicited on CMED board to challenge my definition/positioning & issue sarcastic remarks & detailed thesis.....
I am extremely disappointed with this "childish behaviour...because I do NOT need anybody's stupid comments...when I am trying to help so many people who appreciate my help on CMED board & this BLOG"
I never ever evaluate anybody's comment or remark or their investing style...but some people have a dying need to challenge my selection or approach to investing......
Only a qualified psychiatrist can evaluate this "irrational behaviour"
I just wish ...if they mind their own business...or is it too much to expect from MB format ???
AH FSLR had blowout ER Up $36
AH NTES missed by 2 cents down $3
AH CSCO disappointed markets by NOT raising guidance down $4...
Tomorrow should be an interesting day in the markets.
I will post around 830 AM to give my thoughts on futures & pre-market actions.
BLOG does not give buy or sell.
Saleem
4 comments:
Dear Saleem,
Keep up the good work. Just ignore
the stupid comments, (I know it's hard to do that).
I follow your blog and your comments on the CMED-board. I am a "CMED-Holder" for more than 2 years.
Made all the crazy moves (from 25 to 40+ and back under 20 and now again over 40+ $$$). Did also some trading around my core position (CMED), but not with that much profit as you did. :)
Do you know where Ed is? I miss his comments on the board. Also, the gentleman from France, he always had excellent takes on future outlooks, future P/E's # etc.
PS: I got in again today with VMW
at 102.55. Sold them at 112.55 about 2 weeks ago. I would appreciate a comment from you, for your fan :) in Costa Rica, on possible re-enter points for VMW.
best wishes from Costa Rica, or as we say here: Pura Vida!
Don Ursulo
www.donursulo.com
donursulo@hotmail.com
Hi Don,
Thanks for your note.
Nawar from France has sold his CMED position.
Ed has not posted for few months on CMED board.
VMW is a buy now.
CMED will give you serious money very soon.
Costa Rica is a very pretty place.
Saleem
Saleem
Left ya message on CMED board
PLease stay the course-and ignore the idiots.
I got out of VMW at $100, bought is at $122, my bad!
SHould have sold yesterday! Ugh....
I do hope that your health has returned and that you are all better.
Madmax
Hi Madmax,
Sorry to hear about your loss in VMW...it is a great company ...which was overbought....
Stocks do trade on technicals..so keep an eye for overbought & oversold conditions.
My health is 100% now...thanks for asking.
Saleem
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