Markets are hesitant so far this AM.......
Fed auction of $20 Billion went well as they were oversubscribed.....
European & other Central banks pumping of liquidity close to Trillion is making a "big Dent in the year end squaring of books"......
Credit crunch is easing....which is a big change from few weeks ago......
We still have a very good chance of seeing an year-end rally...once OE squaring off is out of the way............
In my portfolio :
I bought SOLF @ open... my cost is $25.25.......it is UP $1.93.....it is among the fastest growing Solar company in China......
LDK is down 60 cents...it reports AH...CC is @ 6PM...expecting very good earnings report $$$$
BIDU is down $2.17.......wants to go much higher !!!!
AAPL is down $1.81......taking a nap.......hopefully wakeUP call is coming !!!!
RIMM is UP 33 cents...reports AH thursday $$$$$$
@ 11.14AM...the following are green :
AGU,YGE,MR,CMED,BRCM,TSL,DELL,C,ICE,YHOO,WYNN,NYX,
NMX,VLO,ISRG,AMZN,IFN,MA,GOOG,EWY,FMCN,STP,NDAQ,
GRMN,VMW.
OE is restraining this market ????
Good luck for rest of the day.
BLOG does NOT give buy or sell.
Saleem
12 comments:
Hi Saleem, Im looking at FCEL. I wonder if you would give me your take on it, if you get a minute. Thanks. Exceeded av. volume yesterday and today. IH says enter @$11.88. I picked up a few shares ahead of them. Doug...
Hi Doug,
FCEL looks OK from technical point of view.....
www.stockcharts.com has $14.50 as target......
So....not much room on the upside...
Weak on FA......
I say trade out with $1 gain....
Hope it helps.
Saleem
Yes it does help and thank you. I will do just that. Doug...
SALEEM
WHat indices do you look at to get your percentages.
I looked at yahoo, and MSN, MSN does a good job with decliners and advancers and the volumes
Do you look at the TRIN?
Thanks for any and all your help
I am still holding ESLR and AGU.
Pease and God Bless you
Madmax
Hi Madmax,
I keep my analysis very simple...
I monitor NYSE & Nasdaq which is quite broadbased & in opposite industries......
I monitor the following :
Advancing volume
Declining volume
Advancing stocks
Declining stocks
On both NYSE & Nasdaq !!!!
Gives me a very good indication of how the internals are doing.....
DJIA & Nasdaq comp are too narrow...
Saleem
Saleem,
Sold my FRPT at $4.61 today. Ouch..but I knew it was coming.
Also sold HOKU...another loser for me.
What's your prediction for LDK?
Hi Bruce,
LDK is a keeper......
It is the "most undervalued solar stock in my book"
with all the new contract since inventory debacle......we have NOT retraced previous high yet.....
I am staying put......
FRPT & HOKU are just part of mini price we all pay on our road to better stocks......
Saleem
Saleem,
What is your plan on RIMM. They are reporting AH tomorrow. Do you plan to hold it through?
Thanks a lot
Hi Jack,
Yes...I am going to hold RIMM...
Most of the slowdown is already factored in analyst estimates.
RIMM will beat and meet consensus in guidance...thus a relief rally..
@ least that is the scenario I am working with....
You need to have your own take on RIMM......
Options are pricing 10% volatility for RIMM...means $10 down or UP...
Saleem
Hi Saleem,
I have been following your blog for the last month and appreciate the advice you offer others and the way in which assist others in their investment endeavors.
I was wondering how you arrived at your most recent purchase of SOLF.
What due diligence did you do to arrive at purchasing this stock at this time considering the number of other solar stocks available? I am working on various buying strategies and your input is appreciated.
Thanks in advance
-Ray
Hi Ray,
Buying any stock for me involves due diligence.....
I check FA which includes growth of Sales & EPS.....
Plus a check on TA....so chart plays a critical role.....
Industry strength is the starting point......
All that ended with SOLF today.
Good luck on your due diligence.
Saleem
Hi Saleem. LDK blew past the rev # but met the eps. It's getiing hit hard AH. When the dust settles, it will go to new highs. They also raised Q4 guidance to 180-185 and eps to 40-43c. Peace
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