Following stocks are showing technical strength based on various formations.Please use close STOP as stocks can do the opposite.Please continuously check FA to get an updated view.
USU,JCP,RAD,NYX,MER,AKAM,BAM,MTU,RSH,GD,PACR,UTX,DHI,
VSE,CAKE,JADE,ITW.TJX,AMTD.
TSX ( Toronto Stock Exchange)
HBM,IMX,OTC,U,FNX,ECA,SNC,TCM,HCG.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Saleem,
I am pleasantly surprised that TCM is in your technically strong list. It was doing ok until CIBC analyst downgraded this and it went down very fast with lot of shorting. I had 10% position on this and didn't had stop loss. I hope this rebounds and puts me in green territory. I have some chineese colleagues and they seem to take chineese medicines all the time and almost never touch English medicine. I was told to eat Alligator meat for my asthma problems sometime back! Chineese population is huge, the number of older people with Osteoporosis is becoming big, and TCM has very good medicine for Osteoporosis. They are spending millions for FDA approval here and I am not sure when that happens or if it ever happens. My other picks (AAPL, AMZN, GOOG, BIDU, MR, FMCN, LWLL, KF) all are green and I am happy about that.
Thanks for taking time to educate all of us.
Hi Sankar,
TCM is a canadian mining company..Thompson Creek Metal is the name...that is why it is listed in TSX....
I do not follow the other TCM which trades on NYSE.
You had 9 green which is very good....but always look @ overall return for the week...it may wake you UP to some CHANGES which may be necessary in your portfolio.
Selling the loser is good for your portfolio health.....
Saleem
That makes sense now. I am planning to sell this loser and write off 12% of my 10% portfolio and move on. I realized, sticking with strong stocks and winners is the key to building healthy portfolio. I will add positions to AAPL, MR & may be FLS.
Hi Sankar,
Never look back...once you have sold for a profit or loss.
Always concentrate on what you need to do.
By the way...you have developed a keen sense for strong stocks...which you already have in your portfolio....
Good luck,
Saleem
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