Thursday, January 31, 2008

Markets closing 207 HIGHER after tanking 180 @ open $$$

Markets made another "V" bottom again today.......It IS a good thing !!!!

We tanked 180 after open then went UP 250 then closed @ 207.......

We are still getting "short attack with news of rating CUT......."

We shaved 100 points in 5 minutes to dow 150 ...but fought back AGAIN to regain 50 back to close @ 207......BEST roller coaster ride on TV........

Lot of TV pundits are "pushing HOME BUILDERS,RETAILS & FINANCIALS"...be very careful into buying ...because.... they all have moved 40% already......YES...they are FINE on pullback....

CNBC gets you IN @ TOP ALWAYS.....over & over........

In My portfolio :

SOLD PCZ/PCA.TO..booked a loss of $1.70 per share.....reason ...earnings were short due to hedge...and they will be doing financing by issuing more shares.....as per CC......

Bought 20% more AAPL and my cost went UP to $133.50......

AAPL closed UP $3.18..rating 100/45..target $152.40

AGU closed UP $2.54..rating 45/30..target $67.89

AKNS down 30 cents ..not rated......

CSIQ down 7 cents... rating 100/95..rated for breakout @ $19.15 target $23.08

LDK down $1.62..rating 45/70...target $40.44...

MA UP $18..rating 20/30..target $221.57....

UEX.TO UP 20 cents..not rated......

In other stocks :

NYX ..rating 70/45..target $82.02...

RIMM... rating80/40..target $105.48....

After hour :

GOOG missed both top & bottom line consensus.....down around $23......

ISRG shot UP $56...on great ER.......

ps....I follow 70% FA...30% TA...plus tape analysis to make my buy or sell decisions ......If I am NOT comfortable with FA...price of a stock do NOT matter to me......so please understand this as part of my decision making process...I rarely trade intraday.....

Yes.....I do have "mental sell points based on tape action...for all stocks........

I am NOT "emotionally tied to any stock...so a buy or sell is done in a nano-second"

Why am I explaining this...because I buy any stock to make money...if that objective is NOT attainable & tape is sluggish.....then it IS time to move ON........

Please make your OWN decision to be with any stock....I DO have a "different style of trading which has my own LOGIC to IT "

I feel bad when some people are "overweight one stock only...which I happen to OWN in a diversified portfolio"

I manage my RISK based on my style of investing......which IS to own minimum 5 stocks !!!!

Markets are rotating very quickly from one sector to another......so DIVERSIFICATION helps ME !!!!

I do NOT believe that Solar is "out of favour"...it is left behind for now ..because quick money is being made in housing,financial & retail.......

Look for solar to be in VOGUE as early as this friday $$$$$

Please KNOW your stocks well & stay in many sectors to take advantage of sector rotations....which MAY change every other day ........

BLOG does NOT give buy or sell.

Saleem

7 comments:

Bruce said...

Saleem,

I am interested in your opinion of the use of ETFs (along with individual stocks) in a portfolio? In particular, I was looking at FXI. It appears to be down about 40% from its highs.

YAHOO FINANCE info:
Company Symbol % Assets
BOC HONG KONG 2388.HK 3.89
China Communications Construction N/A 3.97
China Construction Bank N/A 5.25
China Life Insurance N/A 7.92
China Mobile Ltd N/A 11.43
China Petroleum & Chemical N/A 4.28
China Shenhua Energy N/A 4.57
CNOOC Ltd N/A 4.5
Industrial & Commercial Bank of China N/A 5.59
PetroChina N/A 8


Get Quotes for Top 10 Holdings

EQUITY HOLDINGS

Ratio FXI
Average Price/Earnings 21.70
Average Price/Book 3.50
Average Price/Sales 2.47
Average Price/Cashflow 10.13


SECTOR WEIGHTINGS (%)

Sector FXI
Software 0
Industrial Materials
8.73
Energy
20.18
Utilities
2.03
Hardware 0
Media 0
Telecommunication
19.73
Healthcare 0
Consumer Services 0
Business Services
9.25
Financial Services
38.78
Consumer Goods 0

Stocks100 said...

Hi Bruce,

I will recommend ETF also in a diversified mode.....

FXI,IFN,EWM,EWZ,EWY.....this way you are going for China,India,Malaysia,Brazil & Korea...except for EWM..all are down pretty much the same.....

But...I feel US is in better position to make you serious money.....maybe world ETF plus US tech etf.....???

Hope it helps...

Saleem

Bruce said...

Thanks Saleem. YAHOO for YAHOO shareholders!

madmax said...

Saleem

Have a great day and God bless you for all of your hard work

I for one appreciate it.

Do you paln on keeping MA???

The finalcials are on fire!

Madmax

Stocks100 said...

Hi Madmax,

Thanks for your appreciative note.

MA is a long term holding for me...

When markets are @ bottom...you want to be in strong stocks and keep it for major appreciation.

Financials will lead this market HIGHER.

Saleem

Hyun Ho said...

Saleem,

Have you followed YGE? I think they report sometime in mid-Feb. but am not sure. What do you think of it at this point?

Thanks,
B

stockconsultants.com give it 100% for trading quality on the upside with a 30% trading quality on downside.

Stocks100 said...

Hi Beatrice,

TSL as I said yesterday ...it IS technically weak...compared to many solar stock....

I do NOT follow TSL @ all.

Saleem