S&P 500 did not go below 1403......which is a very encouraging sign....
Markets opened "green"....but gave everything UP in a hurry......
All sectors were taken to the cleaners "big time"......
Most stocks were taken to their "support wherever it was"
First 90 minutes of trading was very painful to watch.....as everything was down "big"...
NASDAQ low was 2471......so far.......
Today market has a feel of "bottom".....as we did NOT accelerate into "deep triple digit loss on Dow"........
So...the optimistic me......still has HOPE for a green close......
Only close will tell.........
I am maintaining all my position ...with NO changes...as I write......
Obviously everybody works with their "own comfort level including me"
In my portfolio BIDU is the "weakest stock"...NOT happy about that...I do NOT know what I will do with BIDU today.....do NOT like its TAPE......It is certainly in my "goodbye list"...will see where it is by close......better move or ........
@11.24 the following are green :
AKNS,IFN,SNE,WYN........
I will be happy to answer any specific question about buying or selling in comment section....
BLOG does NOT give buy or sell.
Saleem
18 comments:
SALEEM
I love your blog and attitude--keep it coming
I bought AKNS and $15.43 and CSIQ at $28, sold my RIMM at a $12.50 share loss. I was so exuberent this early AM. Then the maket tanked.
thanks a million for your helpfullness.
Madmax
Hi Madmax,
I am glad that you have positioned in solar sector.
Thanks for your appreciation.
Saleem
Hi Saleem. Solar is taking a beating today. I bought 25% more of SOLF at 33. I also added two new etf's for my long-term holdings, GEX (alt energy, mostly solar and wind) and MOO (ag etf).
Hi Minaccess,
Periodically...all strong sectors go through sharp & quick selloff...which is healthy for future move...
GEX & MOO is a very good & safe bet.
Saleem
Why is LDK jerked around so much then other Solar stocks....!!
Hi Troy,
Same thing happened to STP...until 6 months ago.....
In the long run LDK will work out...
This way MM get shares cheap from frustrated traders.
Saleem
Saleem,
What do you think about me adding some LDK to bring my cost basis down? Thanks for your thoughts. Doug,,,
SALEEM
Todays market is so roiled--this is awful, I hate it when the market reverses all day long
Cheers to all
Madmax
Hi Doug,
As long as you are NOT overexposed...then it is OK.
Saleem
Hi Madmax,
Keep an eye on S&P 500.....
It is NOT as weak.....actually showing relative strength.
Saleem
Hello. I sold all my SOLF at 32, a 5% loss. Yes, I just bought more today, but I was wrong. Solar looks horrible today. I am concerned this may be just day #1 for a solar decline. The market also stinks. I know a lot of people here own solar stocks, so I hope I am wrong. Peace.
Hi Minaccess,
It is important to maintain "comfort level with any position"
Markets are sloppy...
Solar are taking on the chin ...for sure.
Saleem
Saleem, whats your strategy or take, getting worried... !! I guess, we will have to wait atleast 1 year for everything to recover...!!
SALEEM
YOU were correct I belive that the market may have put a bottom in.
Jeez, what a dayI will be red for a while. But I liek the waqy AGU recovered by hte close. Solar took it in the chin, hmmm
Peace
Madmax
Hi Troy,
LDK is the most "undervalued in solar sector"
Try NOT to worry.....
Today is NOT a good day to judge solar stocks.....every solar tanked.
Market closed on a half decent not...
If tuesday is a "green day" solar should participate imho...
Saleem
CMED... For people who are intrested, look at the Daily stock analysis for today on IBD (http://www.investors.com/) They are analysing CMED. I like their videos, quite instructive on how to do some basic FA at TA.
All I can say for today is $%#@*&!! Solar (LDK for me) got creamed today but so do AAPL and JEC. I sold most of my AAPL and sold JEC. Both of them I had a large profit in (AAPL 120% and JEC 48%). I held onto my LDK, as this stock will turn soon, as its been taken down to a ridiculous level.
I knew this was coming but it hurts anyways. Down <4.29%> today and down <7.30%> for the year.
Portfolio:
AAPL - 6.88%
LDK - 20.10%
Cash -73.02%
I will be watching the market very very closely and where I see a chance for a quick and I emphasize QUICK pop on a stock, I will take it...but for now, I am in a very defensive protective mode.
Going to do a little soul searching and see if I need to revise my plan during this unsettling time.
Hi Bruce,
Yes.....it was a disaster for Solar today.......
Like in any sector...some solar are undervalued and should be kept... LDK certainly deserves some respect.
Your strategy is very prudent.
Saleem
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