Markets are following a typical bottom forming approach......
One step UP & one step DOWN......basic neutral tape in a support zone......
There is very good chance that S&P 500 tape will give the courage to funds to start buying...who are sitting with mother load of cash.......when that happens watch out !!!!
NASDAQ is following other index even in a weak tape...which is a good thing......
I personally believe that markets are more stable today than any other day.....
In my portfolio :
AGU is down $1.17......reflecting market & sector weakness......
AKNS is giving back some of its high flying gains...down $1.60......This is a very normal pattern on charts....3 step UP 1 step down in strong sectors.......
MA is "the superstar in my show" UP $2.22...few strong stocks which closed above 50 DMA yesterday...a sure sign of strength...and my reason to keep in the portfolio......
CSIQ is green UP 48 cents.....pretty good tape considering other solar are still taking a bath....this stock has made a pick on GURU list of stocks to buy..with a potential target of $50 by year end......Well... it is nice to know I was ahead of GURU !!!
LDK..."is another superstar in my show UP $2.16"...after being hounded by the shorts with malicious /organized campaign...you will watch shorts being "roasted alive" by LDK....
@ 11.32 AM the following are green :
BIDU,RIMM,AAPL,BRCM,VMW,MTU,ICE,TSO,CTRP,WYNN,
CMED,NVDA,NYX,AUY,ABX,VLO,SPWR,SNE,AMZN,IFN,
GOOG,DRYS,JASO,STP.
Nibble ,nibble time on wall street $$$$
BLOG does not give buy or sell.
Saleem
18 comments:
Hi Saleem,
Thank you for the insight into your life. I never had much success in the corporate world. My father and I started a small business 18 years ago and its still going. We investigate vehicle accidents related to tire and wheel failure. Single again at 53 no kids. Own and live in a duplex. Live well below my means and have zero debt. Was a licensed securities broker at one time but was fired for having some ethics. Go figure. Have a great day. Hope you get some BIDU.
Standards
Hello to all:
BOOM:
stock price is up 115% and its PE is only 28.
Look at this amazing chart. The stock is up over 40%
in 3 months thanks to a great third quarter earnings
report. Earnings jumped almost 100% compared to the
same quarter the previous year, going to 58 cents a
share vs 30 cents.
http://chart.finance.yahoo.com/c/1y/b/boom
RSI is 35 Dunno, it may have lost is Momo!
BOOM has interesting possibilities
Comments appreciated!
Madmax
Dear Saleem,
Keep up the good work on the Blog.
CMED just went through the 50 barrier the first time!
As a longtime holder I am full of joy :-)
Remember when the bashing was at the peek, and Ed said: "now that they harass the CEO of CMED with putting things up his ... it's the right time to buy some more shares"! Shares at that time were around 20USD. Sometimes it needs time to get the reward.
Same thing with LDK, in 1 year we look back and say:"how come?...
Muchos saludos,
Don U
Hi Standards,
What you do in business life is one part of equation.....
More important things are :
How comfortable are you with yourself.....it is the inner peace which matters.....everything else is score keeping.
Being happy involves ...accepting who you are and the way you are....
Lot of people do NOT do that...and they are continously fighting themselves...and have to PRETEND..who they are NOT.....
Your life looks pretty balanced based on wise approach of NOT keeping UP with Jones.....
BIDU I sold yesterday....to release some funds to buy more of AGU...which is NOT working so far....
Zero Debt...I am impressed !!!
Saleem
Hi Urs,
I am happy for you & many CMED holders who are very dear to my heart.....
I think I introduced CMED to many people.....
LDK is a bigger gem.....
I had to choose stocks which have MORE upside.....I call it OPTIMIZATION of $$$...
Enjoy the new year !!!
Saleem
Madmaxx
HURC, in the same sector as BOOM, just added to my watchlist. That one looks good FA wise... but TA is another story.
BOOM on my watchlist also. Worth following
Frogvest
thanks for your input, I thought that BOOM was worth a posting, as for inverstments:
I love AAPL and AGU and SOLAR stocks. Not yet ready to venture to far from them at this point.
I am 30% in cash right now
Madmax
Hello Saleem and to all,
I have the following,
AET
LDK
MA
TEVA
VIP
I'm thinking about buying some PZE. The volume has been increased almost 10 times the avarage volume in the last couple days. What do you guys think?
Hi Rimm,
PZE is breaking out to new high in heavy volume.....
What else one can wish for !!!
Based on TA Strong buy $$$
Saleem
Saleem, you still have AKNS, are you going to still hold?
Hi Troy,
Yes...I am going to hold AKNS...
It is correcting after a huge runup.
This was expected.....
Markets took a tumble with ATT comment & CFC BK talk....
Solar still is the right sector.
Saleem
Saleem, thanks for the feedback.
I had originally bought at 14.20 and sold at 16.15, then I bought it again at 12.60 and now holding... lets see how it behaves...!!
Saleem,
Do you think this coontinued sell off this afternoon increases our chances for some upside tomorrow? Thanks for your thoughts. Doug...
Hi Doug,
Markets are deeply oversold....
These are the levels that bottom will be made......
We are overdue for a rally ??
Saleem
Saleem,
Wow that sell-off was interesting!
CEO of T generally upbeat on 2008, yet only a slice of his speech was reported. Sellers are selling on innuendos, the most fearful of information. There are no answers to innuendos. CEO of T just hammered his own shareholders! What a dope!
CMED & BIDU showing good movement in poor environment.
Standards
Am I dreaming or was LDK actually green? Yes!! Ya-hoo! Wheee!
Portfolio:
LDK - 21.66%
AAPL - 6.55% - what a tumble it took from its $182+ high today to close at $171.25.
Cash - 71.79%
Tried a couple of quick day trades today...lost on both. It's a very difficult trading environment. You have to be right on top of the action every second..I stepped away for an hour, and when I came back both stock stopped out. I kept very tight stops on them, as I refuse to take a big loss or make one of these trading stocks an "investment."
We'll see what tomorrow brings.
Bruce
Hi Standards,
Yes CMED behaved well & BIDU styed green.....
@ bottom every non-news is a new revelation.....
T CEO did NOT say anything which markets have not marked down big time already.
Saleem
Hi Bruce,
T news impacted all techs & markets in a big way....as if market has NOT priced that in already......
Congratulations to GS for another attack on the markets & retail on NO news......
Yes.....LDK was green $$$
Saleem
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