This market is again being exploited by Hedgies "big time".......
Small investors are being "shaken out every two hour"......
Support are being deliberately taken down...to put "fear in investors mind".....
If you have a "sound strategy of investing...then you will NOT be jumping OUT & jumping back IN twice a day with loss"
"Booking loss is NOT investing & NOT trading either"
Are you getting "scared with every downtick & sell immediately....then you should STOP trading and give your funds to mutual funds to invest...with a pre-determined monthly contribution"
Daily stressed out over-reaction.... is NOT good for your health,wealth or your family......
Some people need to "admit ...that they are NOT made for trading........"
Nobody can "outsmart the markets...markets will do whatever markets want to do....."
If you cannot be "comfortable with market gyrations...then you are not meant to be IN it"
So.....what is going ON in this crazy market last two days.......?????
Let us look @ it rationally...not emotionally !!!!
First Fed were behind the curve...so yesterday we went down 300 points.....
Then today as predicted...fed took serious action to jump ahead of the curve....market went UP 270 point...then lost all & closed higher ?????
Fed is doing the "right thing NOW...and is dealing seriously with credit availability worldwide"
Fed has coordinated with "most Central banks to inject funds in system...so year end squaring off is completed smoothly"
Canadian Central bank also injected funds in the system today to ease off year-end credit bottleneck........
Fed is NOT getting credit from manipulators...because they were "caught with wrong trades"
Fed needs to be commended for todays action...as it is the first coordinated move worldwide to deal with "liquidity issue".....and is already working.......
CNBC never gives you a true picture ever...always catering to shorts AGENDAS & injecting FEAR.......it is a shameful act...all for drumming UP rating......
Investing or trading is NOT an hourly situation........
Always step back...and walk away from CNBC for whole day...and you will NOT only feel better but will do financially BETTER !!!!
Markets will regain 1490 & other stupid phobic number very quickly and move ON to finish the year much much HIGHER $$$$$$
My portfolio remain unchanged and was UP 1.6%...no thanks to CNBC.......
RIMM is showing tremendous resiliency...even when markets were in toilet....finished UP $2.32 !!
AAPL also was UP $2.32 !!!!
LDK had the-highest close again UP $1.88......on 7 million shares....
AGU down 57 cents ..still weak due to unknown pricing of shares offering.....
DSX UP 8 cents.....
HOKU down $1.24 on 4 million shares...
AH BIIB down $20 on no buyout......
POT down on share offering of $2billion Debt securities shelf......
Markets will try to regain footing...as experts will come on CNBC and tell them that Fed is "doing the right thing".....
Most genius commentators always talk the "trend of the day"......
BLOG does NOT give buy or sell.
Saleem
5 comments:
Saleem,
Up 2.1% today. The stars of the day - JEC +3.68%, LDK +3.29%, and VMW - +4.13%.
Purchased HOKU at $11.75 today.
Portfolio:
AAPL - 38%
BIDU - 13%
HOKU - 7%
JEC - 10%
LDK - 16%
VMW - 8%
Cash 8%
Hi Bruce,
Your portfolio is doing well.I ended UP 1.2% only...as I took.4% beating on my CAD short.
HOKU should do well..as it has several contract lined up when they start production.
Your conviction & discipline is paying off very well.
As we have been emphasizing it is the singles in a diversified portfolio which makes it.
It is interesting that we both have 6 stocks and 3 common position.
Saleem
Saleem,
LDK - I discovered from your blog...thanks!
HOKU - I previously traded the stock in 2006 and 2007 and made some money on it.
BIDU I recently picked up at $316 after watching it drop from its highs.
JEC I've owned for a while..bought at $67. This company has a very good IR department and makes sure every knows each contract that they sign up (and they have signed up manay many contracts)
VMW - I missed out on the IPO. Picked it up at $85, after I watched it fall from its highs.
I really enjoy your blog and have learned alot. Thanks for your efforts. I can tell you are really enjoying it.
Hi Bruce,
You have a very good approach to buying & selling.
You are showing conviction with your picks...because you have done FA with great intensity.
Winners ...we have to let it run...that is the-only way to make serious money.
JEC is agreat winner for you..Infrastructure I have missed so far.....
So many sectors doing well....with limited funds....it is hard to catch all.....
I try to stay with themes I understand well...and the companies I have followed closely.
I also believe that slow & steady does it for my purpose.....
Being overexposed is NEVER a good idea...because then you are "vulnerable to major downturn which CAN happen in a flash"
I like your backup cash approach.
HOKU I bought right after IPO and made good money sold around $12.30.
VMW made good money but took a small loss in the last downdraft in Oct......
$100 is a technical level to watch...if it crosses with ease then it is going higher towards old high.
Pre-market AAPL is down $2.74 @ 7.25am....
Looks like another challenging open.
Thanks for your appreciation of my BLOG......It is a true labour of love.
Saleem
SALEEM
Here is a link about DSX
Enjoy
http://biz.yahoo.com/iw/071212/0339342.html
Madmax
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