Markets needs more than talk.......
Action...alway's speaks louder than words.....
Washington is alway's mired in INACTION.......
Not good for a strong bottom.......
Bush always starts RIGHT and SWINGS back to " his old agenda"
Now..is NOT the time for old agendas or politics.......
I cannot believe @ the inaction of this administration.....
Fiscal stimulus NEEDS to be passed "right NOW right HERE"....
Hoping that everybody wakes UP in a hurry.......
Markets gave UP all gains of OPEN.....??????
In my portfolio :
AGU,MA & AKNS are down..after being UP......
LDK & CSIQ are UP...so far...
@ 11.18 AM the following stocks are green :
RIMM,AAPL,AMAT,BRCM,SNDK,DELL,ICE SIRF,BX,
POT,TSO,CTRP,WYNN,NVDA,NYX,NMX,VLO,FSLR,
ISRG,DRYS,WFR,GOOG,FWLT,EWY,FMCN,AMD,
SNDA,HPQ,AKAM,STP,JASO.
BLOG does NOT give buy or sell.
Saleem
21 comments:
Saleem,
I always look for what people are buying on turn arounds. The stocks you show as green this morning,,,is there any way to tell if this is just short covering or real buying interest?
Standards
Hi Standards,
Most big cap strong stocks are showing real buying.....like RIMM,AAPL,ICE,NYX,NMX,FSLR,WFR,LDK,GOOG,FWLT.....
All based on my personal analysis of tape so far....
Saleem
Saleem
From the way the rally was sold into at 10:30 I think I have my answer. We're headed down until the FED moves on interest rates.
Standards
Hi Saleem,
I bought a little PDX @ $67.80. Just dipped my toes in and will add to it next week, if it shows strength. Then I will have 4 positions instead of just three. I know that you are a firm believer in 4-5 stocks for protection/diversification. I may add to AGP on this test. Just a little update. Good luck today to All on the blog.
Hi Doug,
Always DO...what FEELS right.
Some people make money with ONE stock...some DO it with 20 stocks.
My comfort level is with 5 stocks on the average.....
With 5 stocks I feel I have a BETTER chance of limiting LOSS and hopefully making some $$...maybe NOT today..but a week from NOW...
Saleem
Saleem,
What do you think about RY, Royal Bank of Canada? Do they have subprime issues. Their fundamentals look good.
Saleem,
Don't laugh at me. I sold PDX for $1.10 gain. LOL. I just liked that 20-25% cash before the purchase and Im right back to that now. Oh well.
Hi Stktrader,
Banks in general are beaten down In Canada...
Of all the banks I like RY because of price point...plus it is the biggest bank in Canada.
Saleem
Hi Doug,
I am happy that you made a successful trade this week also....
Not only it keeps you in the game ...but you help your equity also.
Keeping cash on hand has ..allowed you to trade in an opportunistic manner.
Saleem
Doug,
My trial subscription with IH just ended. I called them and said I'd be interested in IH alerts but at a lower price. I also mentioned I heard about it through someone who is getting it at a rate of $129. Is that correct? They are willing to give me a lower rate but wanted to know how long you've been subscribing. If it's been quite awhile they don't want to give me quite so low a rate. They asked for your name so they could check how long you've subscribed and I declined ( not because I don't know your full name, but because I thought it might jeopardize your rate.) They said they would never increase your rate....just wanted to know when you got that price.
My request to you is:
1) What price are you paying and when did you begin?
2) Are you still happy with the service?
They are located not far from me which is nice.
Congrats on PDX.
Beatrice
Whats up with the market, this is relentless selling.... no end in sight...
Hi B,
I pay $139 per month. It was a special that was running. I have been with IH for approximately 6 months. Yes, I still love them and use them in almost all of my plays. Hope that helps. Feel free to ask me any questions you may have. P.S. I originally signed up for a higher price and the same day I found a better price offered. I called them and they did give me the lower price. Not sure if I had told you that before or not. I think they will be comfortable with the $139 IMO. Best wishes Beatrice.
Beatrice,
Let me know if you need my name for them to reference too...
Hi Troy,
We are in the strongest sector of the market...Solar has found support and is in the process of moving UP.
You will be very pleased when you enter 2009.....
Stay the course !!!!
Saleem
Just purchased 200 shares of AAPL. I believe AAPL was taken down only because every other stock was.
Earnings are on Tuesday. Based on information received from websites, TV, my kids and their friends....AAPL is very much in favor. I believe it will beat earnings estimates handily and provide good forward guidance... Note, just in case the market downward momentum is just too strong, I have place a tight stop loss. Also if AAPL does get crushed on Tuesday....look out below in regards to the market in general, as AAPL is the tech giant!
Just my humble opinion.
Hi Bruce,
Your thesis for AAPL is well founded.
I think AAPL will lead us out of this correction.....on tuesday.
We have gone down too far too long...we need a catalyst like another good ER from AAPL.
Saleem
Doug,
Thanks for the info. and offer to reference your name. Just to play it safe, I'll leave your name out of it. She implied the lowest she would go is $149/mo. I can live with that if they don't want to give me $139.
I noticed that we are not getting the same day alerts.
I probably get some that you don't get and I know you got some that I didn't as I compared notes after you posted some alerts on here.
It just occurred to me that perhaps we could get more out of this by not overlapping entirely in what we subscribe to. I don't want to exceed the 149 to add on additional alert services, but would love to get the information. So complicated when I can't get a trial to everything they offer and then compare so as to make an informed decision.
Just to confirm: are you getting IH alerts? If so, I'm not clear why we're not getting exactly the same stuff. She implied that the IH alerts gives their best moves and excludes second tier ones but who knows.
Anyway, thanks for offering to answer further questions. If you have any comments on my thoughts above about not subscribing to the same IH services so that we can get more out of it by sharing, let me know. May be too complicated....
I need to call this pm though as they said I'm a day late in giving notice and they want to charge me now.
B
Down to 2 stocks, which I believe were the stongest in my portfolio this morning....LDK and AAPL.
I sold my entire holdings of AKNS and SEED. OUCH!!! For my comfort level they were just too speculative to hold in this DIFFICULT market!
PORTFOLIO ALLOCATION:
AAPL - 21.23%
LDK - 19.81%
Cash - 58.86%
Hoping the market gets a nice kick start on Tuesday from AAPL's ER.
Regards to all!
Hi B,
Yes I am using IH alerts. I have subscribed to a different IH subscription called Market FN. Bill Craft is the guy heading that trading service but he is under the IH house. While his trades were good ones and his commentary is useful, his picks were very few, like two a week and sometimes none. So choosing from different sectors that may suite your needs, his was too limited. I paid $199 per month for about 4-5 months and then dropped it for lack of action. Then I tried IH alerts and daily action with a large trade table. Lots of action and opportunity to tweek to your own style. Also the nightly commentary is not only on target but it helps to catch a glimpse of next day market action.
If you would like me to email a couple of their reports and trade tables for you to look over, I would be happy to do it fast for you as I know you must make a decision tonight. My email address is dougkirkman@sbcglobal.net. If you want to see what I receive, just email me and I will send you exactly what I receive each day, for one day. Either way, best of luck.
Doug,
Would love to see the daily report your getting.
Pls. check you e-mail.
Good luck to Bruce and all other AAPL holders. Got my fingers crossed for great earnings EVEN though I'm 99.999 out of market right now. That right there will probably ensure that earnings are blowout and the market will make a beeline for 13,000.
BTW, Hsu predicts a strong relief rally sometime in the next two weeks also. FLY says the same but added the caveat that what is in question is from what point the launch will happen. Hsu will begin to use the relief moves to take downside positions (via shorts or options.) He is bullish LT though like IH but wants to use the rallies to position down rather than profit by going long ahead of rallies. He continues to hold his core positions though which right now are all down.
Decision point still affirms their bearish posture advocating buys of even the ultra short indexes and mutual funds. DP though takes a LT view and doesn't try to benefit from the ST rallies.
In the end all I know is that I don't know, and my decision to be out of the market right now is informed not by conviction about where it's headed but rather by my risk tolerance level which is close to zero.
LOL to everyone!
BTW, the one thing I don't hear comments about is what is happening to the insurers. I still think that what happens to them will have a big impact on the bond market which in turn will impact equities.
I'm wondering in my amateur way whether the best performing sector for the next 5 years won't be high grade corporate bonds that went to junk status and end up yielding phenomenal rates. Why would anyone hold equities if they can buy the debt which is safer and it gives them 15-30% annualized rates?
My understanding is institutions that can only hold AAA rated bonds (and there are many) will have to sell once the insurers lose their AAA status. I'm sure it's much more complicated, but if anyone knows of blogs or sources to understand this better, please post.
The CONCLUSION From Navellier's E-Newsletter tonight:
Most of the letter is ripping Bernanke....who he believes is not being proactive in doing everthing he can to help right the ship.
Saleem did you right the opinion for him....hah hah!
NAVELLIER'S CONCLUSION"
It appears that investors are convinced that the stimulus packages being discussed in Congress will not come fast enough to take care of the issues we’re facing today. The Fed isn’t offering much solace either. As a result, stocks are suffering just about everywhere.
In times like these we think it’s wise to look at the contrarian point of view. In other words, when doom and gloom are everywhere, there are usually some very good buys to consider. After all, stock valuations are very reasonable. They’re nothing like they were the last time we entered a recession. Furthermore, we don’t have an inventory glut, except for housing, throughout the economy. Such a condition is paramount to fast recoveries.
Moreover, investor pessimism has entered extreme territory which argues that we are close to a short-term market bottom. Valuations were not severe entering this correction and they are downright attractive now. Nevertheless, we should still expect up and down volatility to continue until the picture becomes clearer.
This week we saw some powerful earnings reports and good forward guidance from IBM and GE. So, there are companies that are still prospering in this environment.
Our models are designed to find companies that have the best reward/risk ratios with the strongest fundamentals. As such, we’re confident that we can thrive in this environment. In fact, we expect that our portfolios will bounce higher than the benchmarks when the inevitable rebound comes.
The stock market will be closed on Monday in observance of Martin Luther King, Jr. Day. On Tuesday, watch out for Apple’s earnings announcement. A strong report and guidance could spark a rebound.
Hang in there.
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