Friday, January 4, 2008

Market hitting "bottom"..thanks to over-reaction to jobs data ????

Jobs data which was expected to be WEAK..missed the consensus by 32,000....

Still created 18,000 jobs ......

Numbers were revised UP for last month......??????

This over-reaction will ensure "bottom" in the markets.......

All strong stocks are being washed out.......

A REBOUND coming on wall Street ????

We shall see......

Saleem

8 comments:

madmax said...

SALEEM

The market is coming back --hurray

I got some CSIQ at $28.25
Lets see where we are headed by the close today.

Have a great day SALEEM and all other traders
Madmax

Stocks100 said...

Hi Madmax,

You got the-bargain with CSIQ price.

You never lose playing opposite of hedgies $$$

Saleem

standardshigh said...

Saleem

The market reminds me of a man trying to walk on a frozen lake. Each step is filled with a little fear of the ice cracking.

Hey can you enlighten me as to why you believe CSIQ is such a hot property?

Standards

Stocks100 said...

Hi Standard,

Look @ CSIQ EPS for 2008...it is $1.32......which none of the other high flyers like SOLF has...SOLF is @61 cents......

And now...look @ stock price difference...it should be reverse.

Saleem

standardshigh said...

Saleem,

I heading to three different states in the next two weeks. West,East, South, will check out local economy with the local slant. What I'm experiencing is that the locals are starting to repeat the same words and stories heard on the national media. Yet everyone is working and doing well except for housing.

Standards

stktrader said...

CSIQ:
What has changed in this companies fundamentals since late October to warrant a quaddrupling in price?

Saleem,
How does one stay logged in to this site without having to type in the username and password with each post outside of leaving the page open all of the time?

Stocks100 said...

Hi Stktrader,

I have to leave my BLOG page open alongwith 4 other pages....so I can click back & forth....that is what you have to do with any other page...either stay signed in or sign each time you want back in....

CSIQ is expected to earn $1.32...so an appropriate PE will be given based on solar premium.

Saleem

Stocks100 said...

Hi Standard,

Media is very powerful...if they say the same thing over & over again.....

Listener will believe anything if it is repeated often enough.

I think every bad news is being discounted by the market....

Saleem