Sold all RIMM @ break even...tape was very lethargic......too much money was tied up also.
Bought 100% more MA on weakness ..cost went down to $209.05.....
Added 156% more CSIQ...cost went UP to $29.56......
I make unemotional changes in my portfolio based on my trading strategy...wants money to produce results ...no sense in being stuck in unproductive positions.....
Portfolio is :
BIDU,MA,LDK & CSIQ.......
Good luck on your portfolio...
BLOG does NOT give buy or sell.
Saleem
11 comments:
Saleem, I dont blame you for selling RIMM today. I sold all of my shares from the $100 range, when it ran up last time to the $120's. Then I chased it and bought again at $118 and I am now a full fledged bagholder. LOL. When it gets to even, Im gone too. Best wishes, Doug... P.S. did you see CF today! I wish I had cash to buy MA right here, right now too!!!
Hi Doug,
RIMM tape has been very weak...hardly any strength...so had to move ON.....
CF I do not follow ..but glanced after your mention...yeas it is UP....
Saleem
SALEEM
Good after noon!
What is your target for CSIQ? I looked it up and could only find $31.66, with its RSI at 65.3.
Did RIMM hurt you on the sale? I am in at $122. I am waiting for the big run. Now I am not so sure. I hate to lose money- but dead money is worse!
Thanks for any suggestions and comments
Madmax
Hi Madmax,
www.stockconsultant.com has $34.25 as first target.....I may not sell @ that level...as it has lagged other solar based on EPS.
RIMM is a great company but not behaving like a strong stock...alongwith BIDU,GOOG,AAPL..they are all stale right now...now today MA has joined in stuck category...
You can see that I still have 2 that are stuck in the mud still..MA & BIDU....
I was uncomfortable in having 3 stocks bringing my portfolio down....now I got 2....33% improvement in STUCK category....
You have to do based on your trading strategy.....
My trade is for my strategy ONLY ...
Saleem
Saleem, What is going on with LDK, I thought with all the good news, this should be flying...!!
This is the most undervalued Solar in the sector right now...!!
Hi Troy,
Based on everything I know about Solar.....LDK will be very successful.....
Piper short position will only work till today....
Stay patient and we will all see the benfit of doing that...
Weak hands are all gone by now....
Daytraders are gone also....
LDK has already recouped $1 of loss....
So... by close we may see a different picture...
A green close will NOT surprise me....
Needham will come out with glowing report on LDK very soon.....
Saleem
Needham Upgrade for LDK:
[LDK] Today 03:10pm
LDK Solar Co LTD ADR Estimates raised at Needham, reiterates strong buy rating on increased gross margins (timing uncertain)
Hi Troy,
Thanks for your hardwork in posting news about LDK....
FA & TA is both pointing to much higher stock price on LDK....
Shorts can only play games with LDK for so long....
Saleem
Saleem,
Market was blah to yuk today. If it wasn't for my 2 hour trade in AKNS, it would have been &^#$@! Due to my luck/risk taking, I ended +1.55% today.
Did some selling today and raised cash. Not quite sure where to put it right now.
Current Portfolio:
AAPL - 41.32% - actually ended up a smidge after being down a few dollars per share. As you noted AAPL action has been a yawner lately but I will hang on to it as I feel at this time that its my lifesaver on the Titanic.
JEC - 11.65% - like I say every day this is a beautiful stock that keeps going and going. Broke its 52 week high today. A keeper like AAPL.
LDK - 21.60% - like all of us say, get going already!! Grrrrrrrrrrrr!
Cash - 25.43% - Hmmmm. What to buy? No real conviction right now. Hope my feelings change, as I like to be in the market!!
Bruce
Hi Bruce,
1.55% gain is very good considering what LDK did.
I agree that AAPL & JEC deserves all the loyalty which you are giving.
Market is sloppy these days and may drag it out further.
Saleem
LKD holders:
FYI from Morningstar website:
LDK Solar to Present at the Needham 10th Annual Growth Stock Conference1-3-08 4:05 PM EST | E-mail Article | Print ArticleXINYU CITY, China and SUNNYVALE, Calif., Jan. 3 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, announced today that members of its management team will present at the following conference:
Event: Needham 10th Annual Growth Stock Conference
Date: January 9, 2008
Time: 11:00 a.m., Eastern Standard Time
Location: The New York Palace Hotel, New York, NY
A live and recorded audiocast of LDK Solar's presentation will be available on the Investor Relations section of the Company's website at http://www.ldksolar.com.
About LDK Solar
LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, the company provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers. LDK's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi province in the People's Republic of China. The company's office in the United States is located in Sunnyvale, California.
SOURCE LDK Solar Co., Ltd.
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