Fed & treasury secty comments are having "opposite affect on the direction of markets"
Fed speech was taken as "negative "because it highlighted the coming weakness in next TWO Q"
Paulson was taken as "upbeat"because it highlighted the solution for mortgage mess"
RIMM got second "downgrade by Morgan Keegan"..their INDEPTH reason...that RIMM has gone UP too much and slowing economy MAY affect RIMM...WOW...I am overwhelmed with this "unique INSIGHT into RIMM....this time NO channel check as the reason...channel check is talking to a sales rep @ carriers........
RIMM also got a target increase today by BMO from $120 to $140.....so there is channel check vs economy vs target increase...all in last 24 hours........
MM took full advantage of RIMM'S negative press and promptly took all the stops out till $105..as they took it down to $104.90..how "convenient".......I am impressed !!!
In my portfolio :
LDK is dtrong UP $2.47 on very heavy volume.....I guess someone KNOWS about tide changing for the better.......I am impressed again !!!!
AGU which bought a competitor today is being rewarded for a "smart buyout"It is UP $3.40...generally stocks go down when they buy other company.....I am impressed again !!!
AAPL is UP 67 cents......
RIMM is down $7.09...which is an improvement from down $8.92.......
CAD short is working today also $$$$
@ 11.19 AM the following are "green".....
BIDU,IFN,BRCM,TSL,SNDK,MTU,SIRF,POT,TSO,CTRP,NVDA,
NMX,ABX,STP,LULU,OTEX,SINA,SOHU,SNCR,AMZN.
Good luck for rest of the day.
BLOG does NOT give buy or sell.
Please follow your OWN investing or trading plan.
Saleem
6 comments:
Saleem, You probably already saw this but just in case I thought I would post it for you, not that you need Kramer for your stock advice... LOL... Anyway here it is. Best wishes, Doug...
Jim Cramer's 'Stop Trading!' Buy Agriculture
"I think this is an agricultural bull market," Jim Cramer said on CNBC's "Stop Trading!" segment Monday. "Go read anything from Agrium (AGU) and Mosaic (MOS). ... Agrium makes an acquisition and their stock goes up. How many companies go up when they acquire?" Cramer also took time to promote his new book, Stay Mad for Life. "This is a 401(k) book. This is an IRA book. This is a book about putting kids through college," he said. "This is what I used to do for a living, and I'm back," he said. His goal is to keep investors from doing "things that you and I know are dumb." "I talk about the bull markets and where the money will be for some time," in addition to discussing longer-term wealth accumulation, Cramer added.
P.S. the only part of that was the AGU part. I copied too much of the paragraph. LOL.
Hi Doug,
I normally watch Erin Burnet...not markets....so Stop Trading is just which is there with Erin.....
See if anyone follows cramer the-wonderful...you will ALWAYS miss first $6 of gain......then it becomes a question of low reward & very high risk.....we all need that in this "tough environment"
Thanks for your many INPUT in comment section.
Saleem
is AGU now to risky to get on board-It has had a good run here??
Fast Money just said that RIMM had moveed up to fast iot was time for a correction, Hmmmm trying to shae week hands
Madmax
Hi Madmax,
AGU is the-most undervalued ag stock......that is all you have to keep in mind....Ag is on fire check POT for relative performance.
RIMM does NOT need approval from Fast Money or Mad money.....they are "trend followers"
RIMM has seen the LOW today..$104.70 may be tested for a "major bottom"..imho
RIMM is reporting on 20th Dec...it is all part of hedge fund shakeout before ER.....
Saleem
SALEEM
As always, your on the ball. Tomorrow I will get on board with
AGU. I was so surprised that it showed such strength in a lousy market today.
Hurray for Saleem, another great pick
Madmax
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