Markets are moving UP sharply after being oversold.......
Almost all indices are participating...Nasdaq is the strongest index......
Employment survey by ADP was stronger than anticipated......thus a "sigh of relief that recession is not imminent or HERE already"
ADP data puts profitability back in focus...as jobs are not indicated to be in jeopardy....even previous month data was "revised UP".....
I added 30% RIMM in pre-market...now my average cost is down to $114.05.....
In my portfolio :
LDK was very strong then profit-taking set in ...now it is UP $2.09......on heavy volume....
AGU was upgraded to "outperform" by BMO this AM..it is UP $1.64...only $1.18 from making "new all-time HIGH"
RIMM was upgraded to BUY by TD with $130 target.....it is UP $3.90....its earnings are coming on Dec 20th...which is following thursday...
AAPL is UP $4.89....on brisk iphone sales in France.......
In other stocks @ 11.15 AM..the following are "green" on my watch list !!!
GOOG,BIDU (getting the benefit of first Chinese stock to be in Nasdaq 100),
EWY,IFN,FSLR,BRCM,TSL,SNDK,SIRF,ICE,POT,CTRP,WYNN,CMED,
WYN,LVS,NVDA,NYX,SPWR,WFR,SNE,IIJI,SINA,FMCN,NMX,STX,
NTRI,GRMN,HPQ,MR,AKAM,VMW,MA,INTC (on upgrade),CIEN,
JASO,ENER.
BLOG does NOT give buy or sell.
Please do your OWN due diligence ALWAYS.....
Good luck on rest of the day.
Saleem
8 comments:
Hi Saleem. I am happy with LDK action today. Yesterday the 50 dma was resistance, today it was support. Despite profit taking across the board in solar names, LDK still ended up 2.59% after being up 27% yesterday. The profit taking had nothing to do with LDK in particular, just solar profit taking.
The big question is now: (HELP SALEEM!!!)
What should I do with my LDK (bought at 29). Looking at the tape of today - I am amazed that there was no real pull-back (going under 41)
I really can't make up my mind.
Sell half, hold, ... ???
Saleem: what is your opinion?
You are anyway responsible for my
investment in LDK :-)
Thank very much for thoughts!
best wishes from the sunny tropics,
Don Ursulo
Hi Minaccess,
After such a huge move in last 4 days.....lot of nervous nellies bailed.....which clears the deck for runup to $60...imho
Saleem
Hi Urs,
I am holding my entire position...I expect LDK to go much much higher.....it held up well considering its HUGE move.
You have to go with your own comfort level...
I am known to be STUBBORN....& OPTIMISTIC !!!!
Good luck on your decision $$$
Saleem
Hi saleem,
Thanks for you advice. I ordered peter lynch books today. I own AGU. Do you have any target price in your mind for AGU. I want to buy LDK. Do I have to wait for any pull back. is 40-42 a good entry point. Thanks for info
ram
Wooow What a great blog.
Thanks for your time and effort Salem. I'm new to trading and lost a lot of money this year(most of them in november) I think I'm addicted;) I can't quit. Maybe that is why I have so many conservative stocks in my portfolio.
As the Turkish saying goes "If you burn your tongue drinking hot milk, you will blow on even the yogurt before you eat it"
I hope I will make my losses with the following stocks. What do you guys think of my portfolio?
Thanks and good luck to all.
RIMM
LIFC
AGU
COST
AET
MRK
KO
JNJ
PG
Hi Ram,
Good move in ordering Peter Lynch books.....Always understand Fundamental Analysis on any stock first.....then check Technical Analysis...but never @ the expense of FA.
AGU is ready to breakout to new all-time high....old high is only $1+ away...$69.41 is the next resistance according to TA.....I say stay put in AGU.
LDK can be bought @ current level...my target is $60 area.
Good luck.
Saleem
Hi Rimmtrade,
You are well diversified.
Monitor fundamentals closely on all stocks.... and make changes if NOT working out for you.
Keep visiting BLOG..it is updated twice daily 1130 & 730 daily plus 10am saturday.....
Hopefully you will get better idea to invest or trade.
Saleem
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