Markets are behaving in a "bullish mode".......
Markets are ignoring negative news like a huge jump in PPI....
Losses were contained to 50+ point on huge inflation news.....because markets have discounted slower economy,inflation,sub-prime mess......based on tape.....
IBM guided higher & announces huge buyback & markets take off......
Consumer confidence fell and markets pulled back slightly.....
We are in reverse mode with markets now.......softer tone in the morning & stronger close ....this IS what I call a bullish tone......
In my portfolio :
Doubled my position in GS...my cost went down to $176.01
GS down $2.38
AGU.TO UP 7 cents..... as Canadian $ is flying again up 90 ticks ..so it pulls back AGU in Canada to adjust for higher C$ and higher in US to account for lower US$.....
CSIQ UP 44 cents
CMED down 25 cents
LDK down $2.23...PJ says Sell,Lazard Neutral & Needham Strong Buy !!!!
SOLF down 24 cents
@ 11.22 AM the following are green in my watch list :
BUCY,DELL,AMAT,BRCM,CTRN,TSO,CTRP,TOL,VLO,ABX,
ISRG,SNE,IFN,SNDA,EZA,PCZ,TER,STP.
On a personal note......sincere feelings for our BLOG visitor & contributor Bruce
who has decided to take everything off the table because of his discomfort with this market...I fully understand his rationale & his predicament from seeing less & less equity....I admire his honesty & Bruce's willingness to DEAL with his stress....nothing IS more important than peace of mind & taking care of his beloved family in a less stressful mode......
Wishing Bruce the-best always...and please use comment section to stay in touch...you are a good man & you deserve BETTER !!!!!
BLOG does NOT give buy or sell.
Saleem
17 comments:
Bruce,
Good luck with your regrouping efforts. I dont know your specific situation but in general, I hope you stay in the game. From all that I've read about trading, too many retail investors drop out just when they were really starting to understand how to be effective. What you have learned will prepare you to be profitable in the future. Best wishes for whatever you do.
Saleem,
Just sold CSX and TKC. Feel so blessed to have made good trades fast. Made two days worth of income. Thanks for your help. This is serious business and your sober advice is helping me to take care of my Family, Bro! Thanks again.
Hi Doug,
You are working very hard for your family.....so God is taking care of you....
Saleem
Saleem,
That is my prayer each day, that this is where God wants me to be. I am hopeful for His blessing and I am always trying to listen to my "Inner Man" to make sure I am on track. As long as He keeps providing us with trading, I will keep doing it. Thanks for thoughtful and on target message.
By the way, I did buy DSX. I am still holding LDK, CCC and ADM. Just for fun update. LOL...
DOUG
I still have most of my shares for DSX in is not really good for a day trade--DRYS may be better for a POP as it fell way down today
Any way the best of luck
Peace to all and Bruce I am so sorry that you have left the game, wee all lose confidence and a they say if you fall off the horse get back up and ride again. Smile
Please come back when you feal beter!!!!!!!!!!!!
Madmax
HI MAD,
IH has got DSX on a buy watch list. They intend to move in @ $32.22 w/ a target of $41.95. Sometimes I will take a position in one of their picks that has not got to their buy point yet, in the hopes of buying at a lower cost, if I think the stock may break out. Thats why I entered. If the stock starts really climbing, I might add shares because my cost basis will still be lower than IH. Sometimes it works and sometimes it doesnt. LOL. But I feel pretty good about the shippers in this environment. Here is IH take FYI:
DSX 02/22 Rev HS 31.02 +0.44 32.22 41.95 1.7M 3.5M 30.88
Buy Not Hit. Nice pickup in volume after some low trade levels from Friday as DSX gave a doji Monday in the move laterally. Still right under the 90 day SMA and just waiting for DSX to make its move past the average in its Rev HS for the buy.
DOUG
I am glad that you know the story on shippers. DSX has been one of my favorites for 3 months nowThe Divi is high and reward potential is at least $36 smackers! The DIVI was supposed to hold the floor but dropped to $21 on me, I am in at $35.80, so I was at max pain. I had convicition that it would come back!
Keep posting IH trade information it is good to see what others are recommending to buy! Smile.
Look at DRYS too as it fell a lot yesterday and today.
I am not real good at knowing a doji candles--I like charting
Good Luck
Madmax
Thank you Doug and Saleem,
Best to both of you.
Saleem,
Have you been able to decipher any new insight regarding LDK, through all of the noise that is out there right now? Just curious as to what your take is on analysts,price action...? Thanks for sharing any insight or speculation.
Hi Doug,
LDK.....our PAIN & SUFFERING !!!
Nothing HAS changed @ all.....
I am sitting TIGHT with everything I got......
If you ARE concerned or not feeling OK....you could TRIM some or all.....
Saleem
I will wait it out Saleem. I believe a turnaround is in its future. I will just keep trading with what cash I have and hold LDK long. Thanks for the update.
Saleem,
I like the way LDK closed, off the lows of the day with either short covering or buying interest toward the closing bell. I am not selling until you sell! Just call me the "piggy back trader". LOL. Thanks for a day full of information.
SALEEM and DOUG
WHat a close strong close IMHO, we have a frim bottom. We still will get crazy market girations but it is up from here...
Cheers
AGU, DRYS got cold feet stayed red
Madmax
Hi Doug,
Before I will sell LDK.....you will get an ALERT before I sell...
How is that for committment !!!
Yes ....I think we have seen SUPPORT for LDK @ $29.67...which IS in the previous SUPPORT area...
Saleem
Thanks so much Saleem. I am grateful.
HI MAD,
Nice to interact with you. Lets hope for a follow through day tomorrow.
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