Friday, January 25, 2008

Markets pulled back....on old issues !!!

Markets started off strong on MSFT ER......but same old..same old issues were played again....so market closed near LOW of the day !!!!!

European bank writedown...ING bank among few mentioned......????

How much Fed will cut again ???

Did fed panicked on SOGEN rogue trader $7+ billion fiasco......????

Oh.....Europe stock markets stabilized without any ECB cut ???

What most commentators on CNBC forget that US fed 75 basis cut ..saved world markets.....

I have a "hunch" that there has been horrendous loss by many QUANT funds...and they are in the process of liquidating their margin calls...still.......that is the-reason that rally is being sold....

Markets have gone through relentless royal drubbings...but they are NOT rebounding in any meaningful manner YET......

In every bear markets ...stocks DO rally in a sustained manner.....then retrace 50% gain Again & again.......

I am sure Fed is aware of the distress of quant funds ????

In my portfolio :

AGU down 41 cents..rating 50/45..1st target $63.84..

MA UP $1.65...rating 55/30..1st target $199.80..

CSIQ down 61 cents..rating 70/60 breakout @ $19.16..1st target $22.20..

LDK UP $2.25...rating 70/55...1st target $45.88..

AKNS UP 21 cents...not rated.....

UEX.TO down 3 cents..not rated...

AAPL down $5.59..rating 100/90..1st target $140.35...

PCZ (PCA.TO..I purchased in toronto in Canadian $)down 66 cents ..I was down $1.29 from my purchase price..rating 60/45...1st target $48.64......

In other stocks :

RIMM rating 90/45..1st target $100.59....

By 10 AM Saturday I will post list of technically weak/strong plus momentum stocks....

BLOG does NOT give buy or sell.

Saleem

6 comments:

Troy House said...

Saleem, need your opinion on VMW... I have a nice chunk of shares @ avg cost of 90 and they are reporting on Monday after market... should I sell all of them during Monday and they re-buy after earnings....

I am just worried about the AAPL & INTC scenario.... what is your take?

Stocks100 said...

Hi Troy,

As you know I followed VMW quite close......

VMW is trading @ 68.85 PE.....12/08......

Current market conditions are NOT kind to even blowout ER by MSFT...which is a low PE of 18.20..

Even if we take Sales growth % for 12/08 YOY it is 56.2% X $1.17=$65.75 is the MAX valuation I get...it closed @ $80.55 today.....

Yahoo Finance target for next 12 months is $105.88......

This is a very difficult market...& MSFT is also on its tail with its own virtualization software.

Plus one more thing....insiders will be able to sell very soon....

So...you have lot to think about based on all of the above.....

Saleem

Unknown said...

Hi Saleem,
Can you please explain today’s action of CSIQ ?
How come it kept on going down when other solar stocks were holding well?
what are your thoughts ?
Thanks

Stocks100 said...

Hi Baljinder,

CSIQ went to $20.60..then profit taking set in......

On this profit taking it traded double its average volume.

Most stocks were under pressure because market tanked @ close.

Monday we will know better.

I am as disappointed as you.....it went further down AH ????

Saleem

standardshigh said...

Hi Saleem,

Thanks for the tip on CCleaner. Nice little program.

This market is just not meeting my emotional needs! :)

Maybe Dr. Phil should step in.

Have a great weekend.

Standards

madmax said...

GOOD MORNING Saleem my friend:

I have a "hunch" that there has been horrendous loss by many QUANT funds...and they are in the process of liquidating their margin calls...still.......that is the-reason that rally is being sold....
What is a Quant fund? Can you please elaborate-thanks At least MA and LDK are holding up

Peace
Madmax