Markets are trying very hard to ignore "negativity as perpetuated by media & shorts"
I will NOT be surprised that in spite of CPI being bad on Friday.....markets will ignore the headline and close GREEN !!!!
Green close on Friday will give bulls a big vote of confidence & much needed $$$......
Always follow a well researched plan of buying stocks @ lower levels or when it is trending UP.......
In my portfolio :
RIMM was "the superstar in my show today UP $4.09"
AAPL was the second runners UP ...gave me 97 cents.....only $5 away from all-time HIGH...alerted for breakout @ $196.86 target $213.10......
HOKU closed down 27 cents...alerted to breakout @ $11.22 target $12.89.....
LDK was down $1.82 ....alerted for breakout @ $58.85 target $69.26.....
AGU down $1.09 closed @ secondary price....very impressive recovery from low of the day...also closed above 50DMA !!!!
All breakout & targets are courtesy of www.stockconsultant.com
My stocks were break even......got a nice gift from my short of canadian $ which was very WEAK down 84 tick......estimated overall gain .6%...will know the exact $ in AM.....
Today's market internals were decidedly negative all over....headline close were deceiving !!!
AH ESLR was UP $3+ on a 10 year deal to get Silicon from a supplier Silpro......
Good luck for Friday the 14th.
BLOG does NOT give buy or sell.
Saleem
4 comments:
SALEEM
Good DAY SIR:
Here is some news on AGU: Cramer love it:
You can see the breakouts, except Agrium (AGU - Cramer's Take - Stockpickr - Rating)because of the big secondary for its acquisition. Agrium to me feels just like Freeport after its big secondary for the accretive purchase of Phelps Dodge. This one's ready to roll below the secondary price with massive support coming from banks next week.
IBD news:
On Wednesday December 12th 2007 Agrium Inc. announced that it has entered into an agreement to issue 21,551,700 common shares at a price of $58.00 per share representing gross proceeds of approximately $1.25-billion through a syndicate of underwriters, with RBC Capital Markets acting as lead manager and bookrunner, Merrill Lynch & Co., Scotia Capital Inc. and UBS Securities Canada Inc. acting as co-lead managers, and including BMO Nesbitt Burns Inc., Credit Suisse Securities (Canada), Inc., National Bank Financial Inc., CIBC World Markets Inc. and TD Securities Inc. Agrium has granted the underwriters an option exercisable in whole or in part for a period of 30 days after closing of the offering to purchase up to an additional 2,155,100 common shares at a price of $58.00 per share to cover over-allotments, if any. Should the underwriters' over-allotment option be fully exercised, the total gross proceeds of the offering will be approximately $1.375-billion. The Company expects the offering to close on or about December 18, 2007, subject to the satisfaction or waiver of all of the conditions set forth in the underwriting agreement.
AGU to the moon ALICE:
Madmax
Hi Madmax,
Thanks for the details about AGU.
AGU is doing the right thing by being more diversified than the competition.
Saleem
Elsewhere, Evergreen Solar Inc. climbed after it reported a 10-year polysilicon supply agreement with Silicium de Provence SAS on
SALEEM
Hurray an upgrade for ESLR: $22 smackers!!!
Thursday. Dougherty lifted Evergreen's rating to "Buy" from "Add" and increased his price target to $22 from $15.
Shares of Evergreen Solar rose $1.73, or 11.5 percent, to $16.84. Earlier, it traded at a 52-week high of $17.75.
Congradualtions on another GREAT pick
Madmax
Hi Madmax,
Thanks for the upgrade info on ESLR....
I was not aware of this upgrade & target increase.
Saleem
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