Looks like optimism WINS again!!!
China's Shanghai was UP .6%......
Bombay Sensex giving "thumbs down to pessimism"
Europe ...all indices are green......
Dow, S&P500 & Nasdaq futures UP strongly........
No...you are NOT dreaming.....pinch yourself !!!!
Why...Why...Why...
Common sense rules......
What goes down...... MUST come UP......
And......DOWN we went in a hurry.....too FAR too FAST......
LDK is UP in Germany on minority stake in a Chinese supplier......
Piper's analyst must be "SCARED & sweating in his dreams & when he wakes UP"......
Expect short covering in LDK.......
AKNS is UP in Europe......
SOLF is being bid higher than close......
Can we say "RALLY" on monday........
Fed gov,Poulson & Bush all lined up to talk from NOON onwards...one hour apart !!!!
Please be ready to count some serious change $$$$$
It....has been profitable..... to reposition on slumping days...like fridays....like a charm ...like a clockwork$$$
Enjoy your morning coffee & cereal.......
Good to the last drop........
By the way......SKY is NOT falling !!!!
Saleem
10 comments:
Hi Saleem. I appreciate your optimism. It's not how the day starts that matters, it's how it ends. Volume will also be important. If we go up and volume is stronger than friday, a great sign. If volume is anemic, I am not believing in the rally. Still your thesis on Solar and AG is spot on my friend. I am happy I kept my SOLF. I may ad more or add LDK back or even the etf GEX. Peace.
Hi Minaccess,
@ the bottom......
There is always "skepticism"
That is what "starts the rally"
Most people are in "shock @ bottom & still traumatized from their loss"
This rally will be "for real"....just like august lows....
Skepticism is the biggest reason for a rally.....because "all the selling by retail/proffessional is done"
Short covering will come IN as we move Higher"
SOLF is the-strongest solar stock...$$$$
It is a very smart move to "overweight solar...then AG in that order"
Saleem
SALEEM
thanks so much for your BLOG, and optimism your are a huge help for me. I tended to get so frustrated!
I was ready to through in the towel, thanks my friend for encouragement and enlightenment!
Madmax
Dear Saleem,
What are your thoughts on MA.
Thanks a lot for your feedback.
best wishes,
Don Ursulo
Wow, market in trouble, everything going down...!!
Whats going on, losing hope...!!
Hi Saleem,
Well I bought sme AGU @$71 and then again @$68, so average cost per share is $69.50. Very happy with cost basis. Also sold ESLR fo a $300 gain and bought it back @$16.25 and very happy with that repurchase as well. LDK and SOHU getting raped right now but Im holding long and strong. Good luck with your investments today. Doug... P.S. do you think we will finish in the green?
Hi Urs,
I am holding everything... MA is behaving the-best technically ...so far.
Saleem
Hi Doug,
I am impressed with all your trades today.....
Keep the faith....
Read my take ...
Saleem
Troy,
Do NOT lose faith in LDK....
Give it time....
Saleem
Hola Saleem,
Thanks for your input on MA.
CMED: I was almost 100% sure you would be a buyer today at $44.
I would love to have you back "with us" :-)
CMED is and will stay also in 2008 my No. 1. (50% of my pf!!!) Future just looks too bright to not me a part of it :-)
LDK: I did a lot or reading lately,
from my point of view there is only on way ahead, and this is UP UP UP.
However, as you know better, the market sometimes takes it's time, I than always remember the famous words of André Kostolany 1906-1999 (worked 65+ years with stocks, etc.)
"Oft muß man an der Börse die Augen schließen, damit man besser sehen kann."
which means:
"At the stock markets often we have to close our eyes, in order to see better".
PS: Bought my SOLF back at 33$ today, and also AKNS at $14.30 - so let's hope in next days we can all open our eyes again :-)
best wishes from the sunny tropics in Costa Rica,
Don Ursulo
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