Markets had to fight the after effects of economic data from yesterday.....
Most indices are finally "green".......
Jobs report will be a "non-event for markets on Friday"
Markets are deeply oversold so it will trade UP......
In my portfolio :
BIDU tested 50DMA of $367.22 and held....it is down $8.16.....most leaders are acting weak and testing 50DMA...like RIMM & now BIDU.....GOOG is also down lately.....
BIDU RSI is now 48.13...near lowest end of its trading range...expecting a "major turnaround"
MA is also weak after announcing its ER date on Jan 31AM & CC @ 9AM......down $7.22......It is strange that some company go down on ER announcement date.....makes NO sense but it happens....????
MA RSI is 51.89 near its low end of trading range also.....should be ready to turn UP !!!!
CSIQ is UP $1.64...the only & the lonely green in my portfolio.......somedays...one cannot WIN @ all...........
CSIQ is above breakout point of $29.51..currently $30.31 on heavy volume of 2.2 million shares in less than two hours........
RIMM is down 41 cents....slightly above 50DMA.......
LDK is down $1.23...fast money got out on "no follow up & weak tape"...I personally believe that LDK will more than make UP once confusion is cleared up by LDK management with another supply arrangement announcement of raw material for Polysilicon......I personally believe a clarification /details by LDK is imminent.........
@11.32 AM the following stocks are green :
AGU,SOLF,AAPL (upgraded by Needham),YHOO,POT,CTRP,
CMED,NVDA,AUY,ABX,SPWR,DRYS,SOHU,FMCN,SNDA,
AKAM,ASTI,CCJ.
Yesterday I got lucky with CAD short which gave me extra .7% for a total of .9% gain......
Today It is a give back back time based on my stocks poor tape & CAD is slightly UP +17 tick....so potential loss there also......
Good luck on rest of the day.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Saleem,
So far today.....
Took a "flyer" trade on Akeena Solar AKNS. Once in a while you get lucky. Bought at $12.25 this morning around 10:00am and sold at about 11:50am at $14.60. Nice 20% gain!
JEC has hit a new high today-$102. This stock has been one of the most enjoyable low stress stocks I have owned. Bought last year at $67.25 and just has gone slowly but surely up and up.
FSLR, MELI doing ok.
LDK is starting to make a move.
We'll see how the day finishes up.
Bruce
Hi Bruce,
After posting AM BLOG.....
I revamped my portfolio .....
Sold all RIMM @ breakeven...as it is stalled around 50DMA....and too much money was tied up.....
Bought 100% more MA as it tanked...
Bought 156% more CSIQ.....
Still have BIDU & LDK...
Portfolio is BIDU,MA,LDK & CSIQ....
Great trade on AKNS...idea is to make money.....
I am leaving some cash for friday...
Saleem
Green you say? Remember my list of five favorite... Here is what they are doing right now:
GEOY UP 5.82%
SNCR UP 5.28%
HLX UP 2.11%
WAT UP 1.09%
GME UP 0.20%
Hey, I know it's green marlet... but still, it makes me more and more confident about the result of my homeworks...
Hi Frogvest,
That is the beauty of doing FA/TA..
Now all you have to do is duplicate in real trading.
Saleem
Dear Saleem,
After you sold RIMM our portfolio
are almost the same :)
I still have CMED (instead of BIDU),
CMED: a hate/love affair of mine for the last 2 years+.
But latley more LOVE :-)
I doubled up on MA today as well. I see nothing wrong with the ER date announc.
My % Win for 2007 was around 95%. So my goal for 2008 is to get closer to Saleem's Numbers :)
just kidding - I am realistic enough to be very happy if I can repeat my 95% in 2008.
But with CMED and LDK (on the long run) this could be possible.
Thanks again for all your work on the blog. I am afraid, that soon you will charge :)
best wishes from Costa Rica,
and late Happy New YEAR from
Don Ursulo
PS: I managed to sell my SOLF yesterday at the low of the day...
but at the same time I bought CSIQ on the low (27.18) too. So, I guess I just changed the horse in a fast race of fast horses?
PSS: What is your take on CMED.
Are you planning a Comeback?
Saleem,
You mean... REAL MONEY??!?!?.... don't scare me like this man...
But seriously, I have been using the Questrade trading platform for a while now to get me in the habit of pulling the trigger. As we all know, paper trading is always easy because you have no emotional involvment (and everything is greener, you don't bang your head on the table for bad trades). And that's the trick, to be emotionless about trading.
I just hope that I will remain "cool headed" once my account is up and running.
Hi Urs,
Happy new year to you also....
CMED is behaving well on good volume...so you should stay with that love affair to remember....
I am more focussed on new strategy of overweight solar & going with fast mover like MA & BIDU....
I do keep an eye on CMED...but volume pattern is the big ???
95% is pretty good....
I will be very happy with 95% also for 08.
No....this BLOG is labour of Love...so it will remain FREE !!!
Saleem
Saleem,
Sold my FSLR and MELI this afternoon. Down to 3 stocks now: JEC, AAPL, and LDK.
Raised a bunch of cash. Looking to buy tomorrow. I will be searching today and tonight. If anyone has any good ideas, please post them on the blog.
Bruce
Hi Bruce,
Good move of locking profit.....
I am getting concerned about techs @ large...they are all acting sloppy......
Looks like solar & other sectors may be more desireable...
Good luck on your FA/TA...
Saleem
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