Markets were faced with negative focus on housing & slowing growth......
Sentiments in the markets are very "bearish AGAIN"
Fast Money Adami is buying "DOG".....
I am taking all this negativity...as a "great contrary indicator"
We are setting UP for a nice year end rally.......
Please do NOT stay in laggards or bargain basement stocks...they love basement so much....they will have hard time showing positive return...........
Discipline is very important.......if something is NOT working...take the LOSS and move ON to better things !!!!
My portfolio was down less than one percent .9% to be exact....thanks to LDK & AGU......I will NOT get any help from my short CAD...as it closed unchanged.......however... tommorrow @ 9AM Bank of Canada will either reduce Central Bank rate or it will change the BIAS to reduce......all my speculation of course......It will be interesting to see how CAD will behave on tuesday $$$$
RIMM has been clobbered.....two days in a row......it is due for a technical bounce...RIMM reports Dec 20th...so there is lot of coordinated selling going on......small investors are bailing & hedge funds & MM are buying...what else is new !!!!
AAPL has been down two days in a row also......???? we live in a wonderful world of hedgies & MM.....did you notice that GOOG is also down ?????
LDK was UP $2.75 on almost 5 million share......UP two days in a row !!!!!
AGU was UP $3.14 on heavy volume and is only $3++ from its all-time high.....it is looking very good going forward.....right sector and undervalued stock $$$$$
Here is my SHARES allocation :
AAPL 14.6%
AGU 23.8%
LDK 38.2%
RIMM 23.4%
I am giving all this personal info so you can see ....how I balance RISK in this crazy market $$$
It is extremely important to know your stocks inside out both FA & TA......otherwise you will be taking loss with each downdraft...which is NOT good for your financial health or physical health..
Peter Lynch never bought anything unless he knew what those companies did for a living and how they are positioned in the marketplace....ie are they growing their market share or stagnating......
Technicals are getting very important these days...as hedge funds & MM use this tool to exploit news or press.....so be aware where the support & resistance lies......sometimes stocks can go below support REPEATEDLY but also comes back UP repeatedly.....you need to KNOW that...so look @ the chart of your stock closely........
Most Solar stocks were UP except FSLR & JASO.....
Ag stocks were on fire POT new all-time high.....
Hoping for a better day on tuesday.
BLOG does not give buy or sell.
Please follow your OWN investing or trading plan with conviction.
Saleem
8 comments:
Hi Saleem, My BG trade worked out well. Gained $7 and sold this afternoon. IH has not yet entered. When they do, I will enter again. I bought RIMM today. Sold my CMED today. So my current stocks are: RIMM, BTU, ASIA and OTEX. Thanks for the RIMM information. Good luck tomorrow. Doug...
Good evening Saleem,
Current Portfolio:
AAPL - 38%
BIDU - 12%
ETFC - 2%**
GENZ - 6%
JEC - 11%
RIG - 5%
RIMM - 8%
VMW - 9%
CASH - 9%
Today, I was down .8% most due to my stupidity (bargain hunting - ETFC). Everytime I try to be a genius, I end up looking like a dummy.
To all those new and old investors, listen to Saleem get rid of those low priced "bargains," or better yet don't buy them in the first place! I know its tempting to buy those low priced beauties but you must resist, or pay the price (like I did)with ETFC over the past couple of days.
Just smacked myseld in the head....when will I ever learn!!
Hello Saleem & Others,
Can you recommend any good investing books to understand the fundamentals of investing/trading and the keys to successful investing. There are thousands of books out there and I was wondering if you could get me few names so that I could buy (old books) from amazon. This field seems very interesting and it will be a nice way of spending free time.
Thanks,
Sankar
Hi Doug,
I like your portfolio whole lot better.....Stay with winners and you will stay way ahead $$$ wise..see the beauty of buying stocks like BG...instant profit.
Good luck on current portfolio.
Saleem
Hi Bruce,
Do NOT beat yourself too much.
We all like to get home runs....but it is a trap... most of the time..just take the loss and deploy same funds in strong stocks.
As you very well know with your great diversification in strong stocks..that..singles does it every time....slow & steady wins the race.
Saleem
Hi Sankar,
I am a great fan of Peter Lynch and he has written two books..worth a read by everyone !!!
-One UP on Wall Street
-Beating the Street
Both hard cover is selling for $10.20 each NEW on amazon.com
Good luck with reading Peter Lynch who had a stellar performance "consistently"in managing Fidelity Magellan mutual funds.
Saleem
Hi Sallem. Looks like you more than doubled your LDK stake from friday's close. Good job. We will see how strong LDK is today, looks like aother down day to start for the market. LDK held up well yesterday.
Hi Minaccess,
I added LDK 20% more only @ open on friday as stated on CMED board.
I gave share allocation % yesterday which is different from $ allocation %.....
Yes I have highest number of shares by FAR in LDK...my cost remains @ $28.61.
In pre-market LDK is UP....so start counting your hard earned $...
Saleem
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