S&P is clearly signalling that this correction has run its course.....
Nasdaq is still weak thanks to CSCO kid effect.....dragging everything down,down & down in tech sector.....
Markets every so often give every trader & investor to look @ their portfolio and move in the direction of success stories.......
We all have observed that "certain concept works like a charm in certain environment and the same concept do not work in different environment"
One has to be "careful in NOT being the last buyer in any HOT sector"......
You can avoid any & all risk from the portfolio by being "smart in locking profit rapidly in HOT sector"
Solar stocks comes to my mind...they are "very HOT but they CAN tumble very quickly....so take your money & RUN almost DAILY if you wish.....but do NOT be an investor....just my word of wisdom.....it is a NO risk approach"
My portfolio remain unchanged and they are taking a beating accross the board...hoping for a recovery by close.....
My portfolio remains with NO changes :
AAPL,CMED,FMCN,RVBD,SINA & RIMM.....
@11.19 the following stocks are GREEN :
FSLR (good ER),STP,ENER,CSUN,SOLF,TSL,ESLR,BX,ICE,YHOO,
CTRP (new high ER),LDK,NYX,VLO,GRMN (found support),
WFR (new high),HOKU,OXPS,LRCX,ASTI,JASO,CIEN.
Among the biggest decliners today are :
GOOG,BIDU,SOHU,NTES,HANS,VMW & SINA.......
Please monitor your portfolio closely for locking profit or moving in some beaten down stocks....please do your own due diligence...and SPREAD your money around in @ least 5 or 6 stocks....
BLOG does not give buy or sell.
Good luck on rest of the day.
Saleem
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