Markets have "ignored all the right steps taken by worldwide banks".....
Fed even is trying to reform lending criteria for mortgages......
Do you think that markets will be excited about dealing with all the issues "identified by wall street".....No No & No.....
Do you know why ???
Becuase there is option expiry this friday......which is more important than all the central banks coordinated moves and feds direct involvement.....even GWB is trying his best through GS Paulson...treasury secty......
No...None of this is important steps.....as OE is the-game in town.......
Once they are (means hedge funds & MM) done with squaring away their billions @ the expense of freaking out small investors......everything will "look rosy for the markets"
Because hedge funds will be "long the markets AGAIN"....
When do I think this game will be over....could be today before close or as late as 1 PM thursday.........
In my portfolio :
I added 35% more BIDU @ open...my cost went down to $366.56.......
BIDU is Down $2.99......
LDK is down $3.73.....
AAPL is down $3.06...
RIMM is Down 70 Cents.....
@11.16 AM EST ...the following are green :
CSIQ,EMKR,DELL,AMAT,SIRF,TSO,NVDA,VLO,ABX,AUY,
SPWR,FSLR,WFR,SNE,AMZN,JASO,SINA,SOHU,FMCN,EWY,STP.
LDK reports Q3 ER tommorrow after close...I am expecting a BEAT & guide HIGHER for Q4...that is the reason why LDK is showing weakness today & also to digest gain from yesterdays RUNUP......
AGU is down sharply $3.79 after completing its secondary @ $58 with over-allotment......
Hoping for a better close......always an optimist !!!!
BLOG does NOT give buy or sell.
Saleem
10 comments:
I agree with your post. No amount of good news is going to budge the big players until after OE. Do you know if they are shorting stock when they drive the market lower or just selling positions or pulling buy orders? The only way to manipulate the markets is thru automation. A computer can do it better, quicker, with better results. Just point and click, -200 on the Dow almost instantly. Hope your BIDU does well, I made some money in that in the first bounce. It lounges around 347 then rockets to 365 with any good news.
Hi Standard,
It is all done through mini S&P & other high leveraged plays.....
But the beauty of it is that they MUST buyback whatever they have sold...to lock in their billions in profit.
I always WAIT when they are buying it back......generally BUY when they are selling & sell when they are buying......
Small investors like me... know their game well.
Saleem
Saleem,
I enjoy reading your insight and commentary. However, as you advise, my comfort level has put me on the sidelines, in cash, till the market stabilizes.
I am learning from your insight - Good Luck!
Hi Pete,
Nothing is MORE important than being comfortable with market first & stocks second.
You are doing the right thing.....thre is lot of time ahead to initiate your position again.
Good luck on your re-entry.
Saleem
SALEEM:
I envy your call on BIDU!!1
Congradualtions on an excellent BUY...
I am also glad that you did NOT do covered calls.
Still holding CHL, DSX, AGU, LDK, RIMM ESLR 100 shares so I am happy hunting hte lower priced stocks. I could bnot afford a move into BIDU.
Again you the man and you and you should be pround of it....
Madmax
Saleem,
Up .96% on my portfolio today.
Hot stocks in my portfolio:
BIDU +4.77%
FSLR +6.52%
LDK +2.67%
Frigid stocks:
HOKU -3.67%
OK stocks:
AAPL -.77%
VMW - 1.14%
FRPT -.84%
Down .79% this week.
Up 41.23% for the year to date.
Hoping to get to +45% by the end of the year!
Hi Madmax,
Thanks for your note.
Lot of investors/traders are NOT comfortable with holding very expensive stocks.....that is OK...
Those stocks are very volatile....I always have plan A then B then C then D with those stocks.
I do NOT play options in any shape size or form......If I do NOT like something I just sell it.
Saleem
Hi Bruce,
You should be mighty proud of your 41.23% return so far.....I do not believe Warren Buffett is doing that well this year.....
You still have 8 trading days to come to your objective of 45%+++
Saleem
Saleem,
Well looks like I will start out tomorrow down 2-3k because of the FRPT news. Turned out to be a bad trade for me.
My purchase price was $7.1. Based on AH action, it looks like the stock may trade in the $4 -$4.50 range tommorrow.
Win some and lose some. Made a recent win with LDK, and now a loss with FRPT. Luckily, I own a substantial amount more of LDK than FRPT!
Tommorrow is another beautiful day.
Hi Bruce,
These blowups are normal if one is exposed to markets......
I will strongly recommend cutting loss and moving ON ASAP.
Managing risk is very important.
Saleem
Post a Comment