Markets ignored CSCO $10 billion stock buyback...to focus on where the real money is..in the option pit......
Now that.... they have covered all their options @ 0........life is very good for hedgies.....
Now the hedgies are focussing on taking the leaders higher.......
All the strong stocks are "snapping UP in a hurry"...ever wondered why.....because NOW that is where the money will be made.....
Wall street is very predictable.....but MOST investors/traders are very PESSIMISTIC @ the bottom (today) and very EUPHORIC @ the TOP.......
What I do..... is take out a good chunk of equity near top...and then keep my desire to trade or be in the market in a controlled fashion.......
I also keep getting out of "iffy stocks for whatever reason near bottom"......
Why......I am writing all this.....to help those who have NOT figured out a strategy of knowing what works ......and HOW to preserve capital........
I am as greedy as the next trader...but keep a "lock box approach to investing"
Alway's KNOW your stocks well FA & TA wise......also knowing trading pattern of each stock helps to locate support & resistance area........guides you to stay in @ support and trade for profit near resistance......
Lot of traders are worrying "too much about markets...but not ENOUGH about knowing good stocks...knowing & spotting strong stocks is NOT that difficult......but some are stuck in highly speculative stocks even @ market bottom (today)......
OK...I know ..I know.....enough about trading "mumbo jumbo"....
In my portfolio :
FMCN "is the superstar in my show UP $2.12...reports AH monday...expect a beat & higher guidance......
SINA is down 73 cents....on high volume...I think it made a triple bottom today.....
AAPL UP 44 cents...in recovery phase......
RIMM down $1.73 in intensive care phase.....
@11.30 the following are green :
FSLR,STP,JASO,LDK,CSIQ,GRMN,VMW,SIRF,YHOO,WYNN,
LVS,NVDA,NYX,VLO,WFR,HPQ (on upgrade),CSCO ($10 billion buyback talks).
Hope you all have positioned in strong stocks "when they were on FIRE SALE due to OE"....????
Please do your own due diligence & find your own comfort level.
BLOG does not give buy or sell.
Saleem
2 comments:
Never enough of the trading mumbo jumbo Saleem. The more you discuss it, the more I learn. I appreciate all you share on YOUR blog and I hope that you will discuss, in even more detail, your approaches to the markets and tips for being a more successful trader, in the future. Thanks for throwing me some life ropes this week. Doug...
Hi Doug,
Thanks for your appreciative note.
I have only one purpose for this BLOG...is to share a real life honest detailing of my trades...with rationale and conviction.
Hope this approach is giving some idea to others for their own trading.
Enjoy your weekend,
Saleem
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