European markets are NOT in freefall.......
European investors are giving comfort to "panic driven technicians.....who created a double bottom in a hurry"
US futures are UP......@ 7.22 AM
I do NOT share the pessimism of CNBC pundits...who keep changing their tune based on close....
Investing/trading is always about...... looking for opportunity to BUY good stocks CHEAPER..NOT selling @ loss on every down tick......
I am sensing "NO CONVICTION".......
Every CNBC trader is looking for 30 cents gain...or selling in panic mode.......
CNBC is NOT a very good role model for investors or even traders........
Investing/Trading is NOT about "hot stock of the day.... being chased by everybody"
Investing/Trading is all about finding your OWN good stocks & sticking with it... through this bottoming process.......
If you listen to CNBC genius talk...you will be convinced that every good TECH stock is going to ZERO...???? based on WHAT.....on their RETARDED logic...GREAT one month & LOUSY next month ?????
AAPL,RIMM,GOOG,BIDU are growing their Sales & Earnings...even in this slowdown.....
So....growth in earnings & sales are BAD...based on "new CNBC pundits mantra"....
I will strongly URGE everyone to develop CONVICTION & look beyond April.......when most negative slow growth news will be history......
Wall Street always looks SIX months ahead......so...what do YOU see in AUGUST...????
I see "growing US economy in august" & markets will reflect economy......
Good luck on your OWN homework & look towards august positioning !!!
You do NOT gain much ...if your focus is next 10 minutes as dictated by fear mongering CNBC...
CNBC is after RATING.......what are you AFTER ??? hopefully $$$$$$
BLOG does NOT give buy or sell.
Saleem
10 comments:
Hi Saleem. CNBC is good for the ticker on the bottom of the screen and for comic relief only. I occasionally watch fast money. I don't know much about options, but I find that part of the show interesting. Let's look for a strong close.
Hi Minaccess,
Option is extremely dangerous....
Yes ticker is the only part where I can observe tape action.....
CNBC pundits DAILY changing approach is BAD for any investor psyche.....
Good luck today !!!
Saleem
Good morning Saleem,
I say Amen to your last blog. Good rebuke. Good advice. Best wishes. Doug...
Hi Doug,
Homework,patience,conviction= big gains.....
So...we all have a CHOICE of NOT seeing the "big picture"...
CNBC pundits change their opinion & lying every 2nd day of what they said two days ago......
remember Jimmy the cramer said to BUY RVBD & NYX only last week ???
Enjoy the horizon !!!
Saleem
GOOD MORNING to all:
NYX is in the crapper again--Do not know why JCramer is still on the air?
But My SOLF and RIMM are green, Looks lie the financials are hurting
Good luck to all
Saleem thanks for your astute Blog
Madmax
Hi Madmax,
NYX is @ buy point now...so it should be OK going forward....
New CEO is sandbagging numbers...
SOLF & Solar is looking good !!!
Saleem
Saleem,
I am a Ron Paul supporter. It has never been more evident to me before that the media has "the fix in" with regards to most everything. I truly believe that CNBC for example, has a mission of throwing retailers off track, in order to assist the fat cats on wall street to take their money. Im not just spewing rhetoric. I mean there is collusion in a very specific and orchestrated way, on a daily basis. The media buried any RP message to the point of absurdity. Im not trying to promote a candidate here, I am just using a good example of bigger powers and the fact that the elite class treat us like sheep. There, I feel better now! LOL...
LDK manipulation never ends, why is this consistently down when all other solars are up...
Hi Doug,
There are forces which tries to derail US all the time.....
So...it is upto us to be better prepared & KNOW the game....
Saleem
Hi Troy,
Yes...LDK is being treated EXACTLY the same way STP was treated last year...until they decided to ride it UP......
I see a similar picture emerging with LDK......that is the reason that I have two other solar stocks..
LDK MAY turn green.....today !!!
Saleem
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