Markets showed continued selling from open.......
@12.48 PM selling seems drying up.......
Posted late today .....as I am leaving for a New Year get-together around 3PM...so wanted to make a half day report.......
In my portfolio :
I sold my entire position in AAPL and booked a gain of $21.69 per share......why I sold it...no reason except I wanted to book gain and buy other stocks which were being sold off......
I added 50% more BIDU on this silly sell of due to accidental death of CFO........my cost moved UP to $377.54......
Doubled my position in LDK and my cost moved DOWN to $49.74....
Also purchased CSIQ my cost $28.33.......This stock is behaving very strong & wants to go UP...RSI is also attractive compared to other solar stocks except LDK.......
I personally believe that Solar will be among the strongest sector in 2008...thus I am OVERWEIGHT now $$$$$
BIDU Down $7.90.......
MA is "the-superstar in my show today UP $2.91"
CSIQ is UP 61 cents but I am almost flat.......
RIMM is down $2.73.......
LDK is down $1.40........
Most of the strong techs are down today on "thin trading".....do NOT know the reason WHY ?????
@12.55 the following are green :
VMW,ICE (getting close to all-time high),CTRP,MSO,CMED,NYX,
FSLR,ISRG,IFN,SOHU,SNDA,OXPS,NDAQ,MR,JADE,ENER,
I will post on New Year's day on tuesday by NOON.......
I wanted to reposition for 2008 today on weakness.......always like to buy on weakness...another of my many mantras which I strictly follow.......
Have a very happy New Year......
Please drink in extreme MODERATION.......
We all have a whole lot of LIVING to do !!!!!
Hoping for a very profitable new year $$$$$$
Good luck on rest of today's trading which ends @ 4PM.
Saleem
10 comments:
Hi Saleem. I bought more BIDU as well. Seems silly to sell because the CFO died of an accident. I would hate to say it was a gift given a person's life was taken. Happy New year.
Hi Minaccess,
Wall Street is known for "panicking" no matter what....
Sell first & think later is a "great contrary indicator for me"
Happy new year year to all your extended family......
Saleem
SALEEM
Please enjoy an evening with friends and ring in the new year with joy in your heart. You have made a contribution to man kind, IMHO.
I sold my MA and bought more RIMM. At $114 I could not refuse.
I like what I see for CSIQ good RSI 65.25 and an A+ form IBD for funds accumulating shares. I watched it sell off at the close. THis could be another huge winner.
thanks SALEEM!!!!!!!
Happy New Year
Madmax
Saleem,
First of all Happy and Health New Year to you and your family!!
Ended up the year +33.43%. Rough December 2007 for me....but I'll take the gain for the year..greatfully and graciously.
Today, I purchased a stock that I have been watching for a while-- Mercadolibre (MELI). I believe the transalation would be "free market." Based on my research the company is a "combo" E-BAY/AMAZON in Latin America. I picked it up for $74.50,after it dropped about 5.5% today. 52 week high $81.17. I think this could be my new investment for 2008.
Portfolio at 12/31/07:
AAPL - 42.68%
FSLR - 6.24%
JEC - 11.16%
LDK - 21.61%
MELI - 7.96%
and ..
CASH -10.35%
I'm ready to rock n' roll in 2008. Good luck, good health and lots of wealth to all blog participants!
Hi Saleem,
Have a happy, prosperous and most importantly healthy year to you, your family and all the people in this blog.
Wish You and Your Family
A
Very Healthy, Happy and Prosperous
New Year 2008!!!
Ram
Bonne et heureuse année Saleem à vous et toute votre famille! Looking forward spending time on your Blog! Cheers to all bloggers and lurkers!
Hi Saleem
Wish you and your family a bright and a prosperous New Year 2008.
i also thank you for your constant support and guidance.
take care
steve
Hi friends
I also want to wish you all a Happy New Year. i do like to thank you for your inputs on the blog so that all could learn and enrich ourselves. unfortunately i work during the market hours and i do find it difficult to share my views here.
keep up the good work you guys do here.
steve
BRUCE
MELI is a J the Cramer pick of 2 weeks ago. It is indeedd huge in So America. It IBD ranking is not to good so I did not get on board.
Earnings Per Share (EPS) Rating Relative Price Strength (RS) Rating Industry Group Relative Strength (Grp RS) Rating Sales + Profit Margins + ROE (SMR) Rating Accumulation/ Distribution (Acc/Dis) Rating
51 99 A N/A A+
Its RSi is 73.3 again not to compelling for a buy. I do like your other stock picks and I really like Saleems new pick CSIQ was strong on Monday.
Madmax
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