I sold everything @ open today.........................
I am getting very "uncomfortable with this market"......
I am planning to stay out of this market until 2nd week of Jan 08.......
I watch "tape with great intensity and it is NOT building my confidence in the market"
Here is my Sale prices which I got filled @ :
AAPL $172......
RIMM $113.20....
FMCN $52....
SINA $44.23....
I am closing 2007 with a "stunning gain of 368% ".........
I have "no compelling reason to jeopardize this very RARE performance"...never achieved this in the past ever........
I will be watching the markets as regularly but with "no position ...until I feel deep value & comfortable with market TAPE........
I will be posting on my BLOG twice only ...11.30 AM & 7.30 PM.......
Please know your stocks "ticks & trend"........
FA & TA are both very useful....
Be very open minded about any stock.......
React very quickly if "market verdict is against you"......
Market message is very important to watch..wether "red or green"......
Never fight the TAPE.......
Never fight the TREND.....
Know strong stocks well...means resistance & support...because IT matters big time.....
There are many "proclaimed experts on many MB...they talk the talk very well......but do NOT walk the TALK @ all......"
Please continue doing your own due diligence...making money in the markets are NOT easy...just ask those "smooth talkers"...their overall performance is NEVER HOT ????
It is my continued "pleasure to give all of you my 2 cents worth...FWIW"
I remain short on CAD........it is down again this AM....
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
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