Markets are staging another RUNUP.......
It is a "stockpicker market"......
Picking 5 best ideas works $$$$
In my portfolio:
Added 21% more LDK in pre-market....now my cost moves UP to $33.36....my 3rd add-on since my original purchase !!!!
LDK announced a 10 year contract wit Q-Cell to supply wafers starting in 2009.......
Q-Cell is worlds 2nd biggest Solar company.........based in Germany.....
Q-Cell is also pre-paying 10% in advance.....which will help LDK in completing their new Silicon & Wafer manufacturing facility...already under construction in China.......
LDK is UP $7.46 to $53.21......
AGU is down $2....as they announced a $1.25 billion worth of new shares to finance their cash portion of the deal to purchase UAP......plus they will access their credit line to complete the purchase....
AAPL is down 17 cents...digesting its huge RUNUP to all time high......
RIMM is UP 60 cents.....it reports on 20th next thursday.....
@11.21 the following are green:
IFN,SOHU(found support around $56.50 area),BIDU,TGT,
TSL,C,BX,ICE,POT(new high),CTRP(near high),WYNN,
WYN,NVDA,NYX,LVS,ABX,SPWR,AMD,ISRG,WFR,
SNE,HOKU,FRO,MA(new high),GOOG,CSIQ (new high),
FSLR(new high),FMCN(purchase of a competitor),STP(new high),
GRMN,MR,VMW,NVLS,ENER,ESLR,DRYS,MOS.
As you can see that Solar stocks accross the boards are flying $$$$$
Good luck on rest of the day.
BLOG does NOT give buy or sell.
Saleem
10 comments:
GOOD (and I do mean GOOD!!) afternoon Saleem,
Do you have a target for LDK? I have an average cost of $39.18. It appears that they have a great story, news, sector and momentum working for them. However, I don't want to be greedy and hold out for the last possible dollar of appreciation.
Regards
Bruce
Hi Bruce,
Needham analyst has a BUY & target of $65..issued today......
So...you have a choice of selling before $65 or wait till it hits new high..$76.75 is old high which was back in last week of Sep... 90 days ago...
I personally do NOT know which way I am going to trade....undecided between selling @ $60 or waiting for $80...it is a $20/per share question/dilemna...
I will use www.stockconsultant.com as my guide ...NOT that they are write 100% of the time..neither am I...
www.stockcharts.com are already @ $88 as target.....
As you can tell...it is NOT easy NOT to be GREEDY $$$
Right now...there is tremendous momentum in solar stocks.....so patience will be rewarded.
I will make an exclusive post in my BLOG...IF I sell LDK.
Saleem
Saleem,
Congrats on your purchases of LDK. I purchased some LDK today based on their good news. I paid $53.00 and did put a stop in place. Would be nice to see it go back to $76.75+. Looks like they have a great future.
Ken
Seleem,
I do enjoy reading your blog. I did buy some LDK today based on their good news. Congrats on your buys of LDK and others.
Kenny
Saleem,
Thanks for the LDK response.
I guess it's a "better" dillema to have than the other side (when to cut your loss). I also view stockconsultant.com. Like you say they're not always correct but it does give you their view of a stock. For selling purposes, I use a "mental" 10% trailing stop. It's been a fairly successful method in trying to prevent catastrophic losses. However, sometimes I do break my rule and more often than not get burned.
Hi Ken,
Purchase of LDK is already giving you profit.
Thanks for appreciation of my BLOG.
Saleem
Saleem, Congrats on LDK! I am happy for you. I switched out of PFWD today for a dollar gain and added STP @$82.60. We will see. Talk soon, Doug...
Hi Doug,
STP target was raised today to .....$120 by Think Equity.....
Good move on locking profit on PFWD.
Saleem
Hi Saleem.
What's going on with SOHU?
What is TA on this?
Any support? any bouce back ?
Thanks
HI Baljinder,
SOHU tape today is very troubling...it started its major downtrend on friday & continued today.......
Based on TA 50 DMA is $50.10....
According to www.stockchart.com they are predicting $47 as target...
CMF is deep RED..worse since Aug....
I personally see weakness in SOHU..based on confirmation of downtrend today.....
Saleem
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