Markets are enjoying a RIMM rally day...inspite of QUAD witching day !!!!!
Recession fears have been "overplayed......we will have 2 Q of slowdown ...then 2nd half of 08 will be FINE.......markets always discount economic issues and looks AHEAD $$$
Lot of posters on MB are getting their jollies by rehashing recession.......what that has to do with making money in stock market...sound like "underperforming losers".......
Some big techs are "kept in check because pros were betting on a weak day....so they are caught with their proverbial DOWN"
In my portfolio :
I added another 20% SOLF @ open...my cost went down to $25.96.....my 3rd purchase in 3 days.....Why...it looks strong from TA perspective....according to www.stockcharts.com based on their P&F chart....target for SOLF is $71.50......lot of room on the upside $$$$....
SOLF is UP $1.07......
AAPL is UP $4.68....lot of buzz about jan Mac world intro...like 16Gig iphone & touch pad laptop !!!
RIMM is UP $11.87 on superb ER & Guidance.....they are predicting solid growth worldwide...
Many analyst have raised their target & rating...target range NOW is $150 to $170.....
BIDU is UP $3.75.....working its way to higher & higher ground....OE is playing game with BIDU so far....NOT for long though $$$$$.....YHOO lost a court case in China for music copyright violations...positive for BIDU clean approach NOW !!!!
@ 11.20 AM the following are green :
FSLR,STP,IFN,AGU,YGE,TSL,C,SIRF,LVS,NMX,AUY,VLO,ABX,
SPWR,ISRG,WFR,SNE,AMZN,MA,GOOG,MR,HOKU,EWY,FMCN,
JASO.
Good luck on a "contra rally ...thanks to RIMM"......
BLOG does NOT give buy or sell.
Saleem
9 comments:
Saleem
Wecome back.. I have a small position in SOLF, and kepmy 100 shares of LDK.
Was lookingf real close at MS.
I just do not have enough cash to get them all and my timing is not the best.
I did started to use stockconsultant, it helps. I do not know if I can get to the level that you are at! I am trying
If you get the time please explain to me your holiday. THanks again for sharing and being a teacher and helper to us all....
Madmax
Hi Madmax,
Muslims all over the world celebrate two major holidays in a year.....
First one is like Christmas....when muslims fast for a whole month from dawn to dusk....without any food or liquid ...the purpose is to feel the HUNGER of poor people who do not have enough to eat...which results in First Eid...where families get-together and visit each other.
2nd is after 2 months & 10 days later...where all muslims are to scarifice a goat or lamb and share with friends & family...this is for being ready to give any sacrifice in the name of Allah (God).....known as Eid-ul Adha.
The above two event encourages friends & family to get together and they generally are dressed up for the events....in nice/new clothing.
Hope the above explains...if you have any other follow up question...it will be a pleasure to answer that too.
Saleem
SALEEM thank you for sharing your EID-Ul ALLAH holiday with me. WHat a nice tradition. Is the one day htat you celebrate with considered customary and ususal. I think we should all fast to remember the poor and week people all over the earth. I hope that I have not offended you or any muslim by my curosity.
As for stocks
I am holind the LDK and SOLF. Could SOLF actually fly to $60-$70 bucks a share?
If I bought onl;y 20 shares of BIDU would that be to little to have a position?
thanks for sharing --Peace
Madmax
Hi Madmax,
No.... you have NOT offended anyone with your curiosity to KNOW.
Once we know MORE about each other...this world will be a BETTER place.
BIDU any small amount is OK...as it is building a nice base to move Higher.
SOLF does NOT have to go to $71.50 to make you serious money....
Every stock gets overbought very easily.....so I book profit around that point.....buy when they are oversold and sell when they are overbought.....
RSI is a very good INDICATOR...it differs for each stock and also differs ...based on where the market is !!!!
Saleem
In the market, some weeks are good some are bad. We'll this one was BAD for me. FRPT and LDK stuck a dagger in my back.
Ended up down <7.36%> from the prior week. Year to date still up 31.97%.
Still holding LDK, which I belive was unfairly "destroyed" by the market.
Sold BIDU at $384 today. The action on a good tech day should have been better.
Sold VMW today, for the same reason as BIDU.
Current portfolio:
AAPL - 42.5% - love this piece of fruit.
FSLR - 6.5% - breakout new high.
JEC - 12.0% - steady as she goes. Great stock!
LDK - 19.0% - may be basing in the $45 area....I hope.
Cash - 20.0% - like cash for a new opportunity.
Happy holidays to you Saleem and all on the board and congrats to the RIMM holders!
Hi Bruce,
You should stay focussed on your fruit of your labor...which is a GAIN of 31.97%...NOT an easy feat...even for the LUCKY ones.
This was the most difficult year...which I can recall...so be very proud of your winning formulae.
You always need a BIG winner like AAPL to make UP for some loser which you may have had.
Stay focussed on what WORKED for you.
Enjoy the weekend & holiday spirit which we all have displayed in this BLOG.
You are a great contributor with INTEGRITY...which I admire.
Saleem
Saleem, How about that SOLF!!! Congrats on another great pick and great timing. Have a great weekend now that you are SO MUCH richer with RIMM and SOLF under your belt. LOL. Best wishes. Doug...
Hi Doug,
Thanks for your note re SOLF & RIMM.
Research & Conviction are the ingredient which I rely on MOST.
Beast wishes from friends like you with a dab of luck does the rest.
Enjoy a relaxing weekend with family.
Saleem
Salam Saleem,
What are your thoughts about AOB.
Strong company on paper, all the elements for strong returns and yet the stock is not going anywhere. Any ideas why?
Thanks .
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