Markets are closing on a strong note day after day......
Markets are taking note of "positive news & ignoring negative news"
Markets are building confidence of many participants & also those who are sitting on the sidelines.......
Markets TAPE always gives CLUE of strength & upcoming upward moves......
Markets are poised to "show strength"...& that famous Jan low is in rear view mirror !!!!!
In my portfolio :
Sold CMED .... booked a gain of $3.58 per share.....
Sold AGU...booked a gain of $1.22 per share.....
Bought GS twice today cost is $175.94
Bought RIMM twice in Toronto cost $106.26 in Canadian $ which was flying again today UP another 1.77 cents against US$......
My portfolio :
CSIQ,GS,LDK,RIMM,SOLF
CSIQ rating 100/95 rated for a "breakout" @ $19.77 with a target of $23.13
GS 70/85 rated for a "breakdown" @ $167.40 with a target of $156.20...if NOT then target IS $180.37.....
LDK rating 55/90 target $37.98
RIMM rating 5/30 target $111.31
SOLF rating 100/95 target $17.11
In other stocks :
CMED rating 30/30 rated for a "breakout" @ $57.44 with a target of $62.57
AGU 20/30 rated for a "breakout" @ $75.40 with a target of $82.10
STP had a very strong day & turnaround UP $4++ ..it was placed on "conviction list" by
Goldman....
It is a stock pickers market ...so develop/follow any system which gives you good picks and have disciplined exit points...otherwise you risk losing profit......
BLOG does NOT give buy or sell.
Saleem
23 comments:
Hi Saleem. Sold COIN today for a 25% profit. Sold when it could not keep it's new high. Still holding AUY, UPL and DBA. DBA scares me, it is going up parabolic. Given it is not a "stock", but a basket of ag commodities, it will follow the underlying commodity not investor whim.
Hi Minaccess,
Your conviction in COIN worked out in a big way.
DBA is commodity based so its trend is tied with those ag crop futures.
LDK as usual is taking too long to turn UP.....
Mad money was claiming that there is negative report coming out about CORN......
Saleem
Hi Saleem,
I saw the Cramer take on Corn. As you know I am in ADM which is a corn play on ethanol. I am not happy about the news as you can imagine. I will watch pre market and try to get a feel for what it is signaling.
Congrats on the profitable trades!!! I am happy for you. My BABY, TKC and CSX are gone for profit. I am LDK, CCC, DSX and ADM. Good luck tomorrow. I am hopeful to sell ADM while I still have a profit. Thanks for your feedback today.
Hi Doug,
Yes watch ADM in pre-market and act accordingly...
ADM was down only 2 cents AH...last trade was @ 6.40PM on 38,200 shares...
Saleem
Hi Saleem. Negative corn on corn? Does that imply corn will drop or continue it's rise?
Hi Minaccess,
He was saying that prices will drop on all Ag stocks for next 3 days.....
AH all ag stocks are down BIG..MOS(-1.93),POT(-2.73),AGU(-1.77)..even DBA is down 48 cents...
Claiming that news on CORN will be all over the news media....
Saleem
Hi Saleem. Thanks. I watched Cramer's ag call on the web. A ethanol plant canceling construction is not news. That has been happening quite frequently since mid 2007. AH price drops are just the cramer lemmings selling. I would not expect a significant drop in any of the great ag names.
DOUG
A chart on DSX
Thought that you might wnat to see it
http://stockcharts.com/h-sc/ui?s=dsx&p=D...
Good Luck
Madmax
Thanks for the info Max. I will post IH update tonight on DSX. Best wishes.
LDK, LDK, LDK.... whats going on... I guess will have to wait till the poly plant is operational... stock wont do much till then.... heavily manipulated..!!
Saleem,
I would like to contact you off the blog. My e-mail address is bds9853@bellsouth.net.
SALEEM
Have a great day my friend!!! Ia m off to see the doctor for a chack up
God Bless all and congradualtions on hte profit on CMED and AGU. I will still hold those positions for a bit. AG is so hot and POT seems to keep going like the energy rabbit! smile
Madmax
MADMAX,
Here is IH latest take on DSX for your perusal:
DSX 02/22 Rev HS 31.09 +0.07 32.22 41.95 1.2M 3.5M 30.88
Buy Not Hit. Doji at the 90 day SMA on low volume. Still not enough trade to take the Rev HS upside past this resistance at the 90 day SMA for the buy.
Hi Saleem. May be another rough day for solar. BofA cuts 4 chinese solar stocks in rating and price target. It cuts SOLF, TSL, YGE, nad JASO.
Hi Minaccess,
Do you know the new target price on SOLF.
Saleem
Saleem,
I sure would like to see the market down most of the day and end green!!! That would help the charts alot IMO. We've had a few up days so Im not concerned about some profit taking. ADM is holding up ok in pre market. If CMED tests back to $53-54 area, I will buy again today. If MA holds the line here and starts back up, Im thinking about it for a trade as well, but it needs to move up from here. Any opinions on MA?Best wishes today.
Hi Saleem. SOLF cut to sell with target of $12. YGE neutral and $18, TSL sell and $28, JASO neutral and $17.
Saleem,
I sure hope LDK holds here. I dont really know how low it could go in terms of charts for testing... Well, whatever happens, I shouldnt have been so greedy by overweighting like I did, so whatever happens, gotta take it on the chin like a Man. Ouch!
Hi Doug,
MA does not look good tape wise...
CMED a definite yes.....
Saleem
Hi Doug,
$29 area IS a major support for LDK.
It MAY dip below $29 intraday or even close.
If you are second guessing then MAYBE TRIM some.
I am planning to HOLD all as I write...but tape I always watch closely...
If I change my mind ...I will tell you before I sell.
Saleem
Thanks Saleem for the MA and CMED feedback. Im taking MA off of my watch list. The fewer for me, the better so its less to look at and easier to concentrate. I picked up a little TWM this morning in pre market, just to hedge a little. Small position. Solars looking scary this morning. I have put LDK on the sidelines in my mind and thinking of it now as LONGTERM investment, unless you take action. Good luck today. MINA, thanks for sharing solar information.
Hi Saleem,
Market is in a funk. just kinda muddling around w/ no direction. I bought ASIA ahead of IH buy point. It has made me money in the past so I thought I would take a stab at it. TWM is down a buck or so. Hope your hanging in there ok. Best wishes...
Hi Doug,
I made some changes in my portfolio..will list all in my 11.30 AM report.
Good luck in ASIA.....traded many times in my past life...
Saleem
Post a Comment