Markets are giving "signal that all is NOT unwell & issues are getting resolved very quickly"
Market internals were very strong on all indices...looks good for monday !!!
Markets are ready to stage a strong exit & entry to a more normal new year......
While you all relaxing & enjoying "festive moments with family & friends"....spare some quality time to printout a strategy & stocks to work with in 08......
Unless you have a document to measure against......then you have NO plan to execute for 08....
Do NOT look for MB or BLOGS to give you tickers.......
Work on your OWN and find reason to own QUALITY.....
No matter what the economy does....there are hundreds of stocks which go UP daily.....
Do NOT give yourself any EXCUSE as to why you are NOT achieving your objectives......if you do your OWN homework....you CAN exceed your targets $$$$$
You need to get AWAY from NOISE of MB & CNBC to concentrate on your OWN focus......
RESEARCH & CONVICTION is a MUST to make serious money......
Trading for the sake of trading MUST be CURTAILED.....by doing that you are trying to compound your problems of bad timing & bad picks......which is a very expensive way to figure out this market......
I have tried very hard by my transparency to LEAD by example.......by listing my cost of each trade as it occurs in real -time.........
For the week I ended UP 3.5% overall.......even after taking a big beating in my Canadian $ short....I lost 2.7% in my short ...... as CAD went against me 4 out of 5 days.....this week.....
My portfolio remained the same :
AAPL,BIDU,SOLF & RIMM.......
BIDU was "brought below $380 to match the strike price on options"......hopefully BIDU will make a big move next week.......
I will be posting list of technically weak/strong & momentum stocks by 10AM...on saturday !!!
BLOG does NOT give buy or sell.
Enjoy your family shopping for christmas/holidays.......family comes first then friends !!!!!
Saleem
6 comments:
Saleem,
Thanks again for all your thoughts.. i got in on SOLF today before the jump up. I just wanted to know what sign are you looking for that tells you when to get out of your CAD short position? You've had that for a good run now.
Hi Rob,
My Canadian $ short is in a very conservative mode...if there is such a thing...
What I have done is that I have flipped my entire brokerage account into US $......
So every time CAD goes UP against US$...I lose exact amount of runup....
But everytime CAD goes down ...my entire trading account goes UP in equity.....
I will change my brokerage account back to CAD once I see the next Bank of Canada rate drop...which is in Jan.....
I am hoping ideally to switch @ 95 cents to US$...currently it is 101.75..almost 6.75 cents higher than my ideal #......
Bank of Canada target is 98 cents average......so 96 cents is doable.
As of last night valuation...I am still UP 92% in equity on my short.
I have been short since Nov 7...the reason CAD went UP against US$ was because of month end payment for Oil export to US.....in thin trading...so US companies were buying CAD to make payment to canadian Oil co in CAD...
I am glad that you came aboard on SOLF.
Saleem
SALEEM
RIMM was upgreade yesterday
WOW, that was fast
I will search to see how much the new 1y Target Est:currently it is $135.29.
LDK fell apart on me
Happy holidays to you and your family and I thank you for your blog
Madmax
Hi Madmax,
Most analyst upgraded RIMM & increased their targets.
Most analyst are @ $150 and the highest now is $170......
More target increase will come on monday.
Buying and selling of any stock must be well thought out in advance based on FA & TA.
Appreciate your comments about my BLOG.
Saleem
1 BAIDU.COM INC ADS BIDU 380.45
2 INTUITIVE SURGICAL INC ISRG 325.44
3 POTASH CORP SASKATCHEWAN POT 131.88
4 RESEARCH IN MOTION LTD RIMM 118.63
5 SUNTECH POWER HLDGS ADS STP 85.16
6 VIMPEL COMMUNICATIONS VIP 41.98
7 APPLE INC AAPL 193.91
8 CHIPOTLE MEXICAN GRILL A CMG 146.6
9 F C STONE GROUP INC FCSX 47.5
10 FOSTER L B COMPANY FSTR 52.95
11 PRICELINE.COM INC PCLN 115.15
12 V S E CORP VSEC 50.72
13 SYNCHRONOSS TECHNOLOGIES SNCR 37.24
14 VMWARE INC CL A VMW 89.64
15 BUCYRUS INTERNATIONAL BUCY 103.53
16 C N H GLOBAL NV CNH 65.63
17 C F INDUSTRIES HOLDINGS CF 110.98
18 COMPANHIA SIDERURGIC ADS SID 87.98
19 NEW ORIENTL EDU&TECH ADS EDU 83.26
20 TURKCELL ILET HIZME ADR TKC 27.45
21 MCDERMOTT INTL MDR 59.38
22 GIGAMEDIA LIMITED GIGM 20.05
23 GOOGLE INC GOOG 696.69
24 TELEFONICA S A ADR TEF 97.02
25 FLOTEK INDUSTRIES INC FTK 36.6
26 ATWOOD OCEANICS INC ATW 95.66
27 INTERACTIVE INTELLIGENCE ININ 27.22
28 LIFECELL CORP LIFC 45.57
29 NATIONAL OILWELL VARCO NOV 72.78
30 CHINA MEDICAL TECH ADS CMED 43.53
31 MINDRAY MEDICAL INTL ADS MR 40.9
32 T THREE ENERGY SERVICES TTES 49.1
33 BLUE COAT SYSTEMS INC BCSI 35.11
34 GAMESTOP CORP CL A GME 61.45
35 H D F C BANK LTD ADR HDB 129.49
36 H M S HOLDINGS CORP HMSY 33.47
37 MASTERCARD INC CL A MA 211.78
SALEEM
You probablly know that BIDU is still #1 at IBD. Wow so powerfull.
Madmax
Hi Madmax,
Thanks for posting IBD list.
I am sure it is helpful to many.
Saleem
Post a Comment