Todays economic data is pointing to the following :
-Consumer is alive & well.......
-Jobless claims dropping......
-Inflation @ high..guess why ?...Energy !!!
None of the above is a tell-tale sign of recession or deflation......
So much for all the grandiose theories by economist.......
David Rosenberg "stated with a smile that US was in recession as of 3 weeks ago"..he is the Chief Economist of Merril Lynch......
Investors & traders have been confused by all the theories thrown @ them daily......
None of the popular theories are panning out by data.......
So talk is WRONG & data is always ACCURATE !!!!
I am sure we all have heard that "numbers do NOT lie"...commentators on CNBC DO ????
In my portfolio :
I sold DSX ..booked a loss of almost $3 per share.....reason....I bought when it was above 50dma now stuck in the mud below 50DMA.......
I added 120% more HOKU...my cost went down to $12.03......feel much better about solar sector.....
AGU priced its secondary @ $58.....it is down $1.94.....
LDK is down $2.31......
AAPL is down $1.70....
RIMM is down 59 cents....
HOKU is down 46 cents.....
@11.23 AM the following are green :
ICE,LVS,NMX,MA,FSLR,ESLR.
Markets are down 1% as I write....so market remains in COMA...needs adrenalin to get going...I am expecting a better close...always OPTIMISTIC...it is a disease...hard to get rid of !!!!
BLOG does NOT give buy or sell.
Saleem
5 comments:
SALEEM
Happy Holidays!!
I am holding hte DRYSDSX teh divided plus appreciation appeal puls IBD says it is under accumulation B rating. Pleses teach me why it was a good move to sell, RSI is 45.55, WAs decision based upon gut or HOKU was a bargin and you had to incease your holding accordingly.
Dunno, in this market you can do all is right and still lose $$$. Smile..
Holding
CHL
DSX
RIMM
HOKU 700 at $13
AAPL 25 shares
LDK at $45
NYX at $90
thanks again for the continuing sponsorship of your blog-great job!
Madmax
Hi Madmax,
I have a very unemotional way of looking @ my portfolio.
I always worry about stocks which is staying WEAK....so want to trade OUT to something which is relatively strong.....and still maintaining my diversification.
Yes HOKU is behaving as a STRONG stock...so a natural tendency to sell something which is losing me money and acting WEAK @ the same time.
RSI itself is NOT everything...industry/stock momentum is MORE important.
It is all about being COMFORTABLE with the stocks you have.....
I have NO idea what DSX will do next moment...but I felt that HOKU risk/reward ratio is pretty good imho....
Hope that explains.
Saleem
SALEEM
THanks for providing me your thaoughts that helps a lot. I guess that I am in love with DSX and felt the DIVI should have put a floor under the stock price--did not happen that way!! I also felt that the RSI was so strong that it would help it form declining, not so.
Again thanks for your help and patience with me!
Madmax
Saleem,
Another volatile day! Crushed in the AM and came back a bit in the PM. My porfolio ended up down .73%. Compared to what it was in the AM, I am thrilled.
Today, I picked up some shares of FSLR. Of course when I purchase it, the stock price went down immediately LOL. Oh well, I beleive the stock will go up from here. I saw one of the big houses had a $350 target...that would be nice.
Portolio:
AAPL - 39% - ended up today!
BIDU - 13%
FSLR - 5% - stock was up today but I was down 2% due to my buy point.
HOKU - 7%
JEC - 11% - stock up 1.95%..love this stock.
LDK - 15%
VMW - 8%
Cash 2%
Hi Bruce,
Not bad result for such a volatile portfolio.
Yes...$350 is the-target for FSLR.
It is the thin-film..which is low cost is causing all the excitement in FSLR.
Friday should be very interesting....I am betting GREEN !!!
Saleem
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