This was an expected pullback.......
Markets should hold here and hopefully move UP.....
In my portfolio :
Bought back my CMED call for a gain of $2.35 per share......
Sold CMED for a loss off $6 per share ....so a net net loss of $3.65 per share...thank goodness for a very small position......
CMED ER was a beat by 2 cents on a GAAP basis..but guidance was no change.....
Bought COIN my cost $12.40....
My portfolio now is :
CSIQ,COIN,GS,LDK & RIMM
CSIQ down 17 cents
COIN UP 61 cents
GS down $2.56
LDK down 6 cents
RIMM down $2.75
@ 11.30 AM the following are green :
BIDU (starting messaging service),LVS,FSLR (found support),AKAM.
BLOG does NOT give buy or sell.
Saleem
SALEEM
ReplyDeleteSmart moves you made today
Preservation of cash is imperative
I really liked your covered call-wow
Like I said I have no luck with em
SHould I hlod here or wait for a dead cat bounce.
THe M in CANSLIM is saying all good stocks are being creamed with the market
Recommendations
I did buy some more DSX and own AAPL, RIMM, GS, DRYS, LDK, CSIQ and
and CMED
Madmax
Hi Madmax,
ReplyDeleteCMED is being creamed big time.
It is hard to give any suggestion when stocks are down this big....you just have to play your hunch.....
I personally do not like to stay IN unless my conviction is very high....ala LDK
Good luck in your portfolio.
Saleem
Saleem,
ReplyDeleteGee whiz and ho hum. CMED got nailed, pump and dump on a bad market day. Story of my life lately. Oh well, long term looks like a winner. Think 4th Qtr 2008. Even with great earnings stocks are getting hammered in this environment. The news media is having a field day promoting all the negative events. Don't want to commit additional funds to this.
Standards
Hi Standards,
ReplyDeleteCMED will grow faster starting Q1 of 09...which is starting in April so it IS a 7 months WAIT from hereon....
Always ensure your comfort level.
Media follows the direction of the market.....
Saleem
Hi Saleem,
ReplyDeleteJust wondering what you're thinking about the tape? Do you think this is a profit taking sell off or do you see more such as a set up for a bigger test? I am taking no action, so it is just curiousity and trying to learn by trying to see what you may be seeing. ADM is looking like a buy. I am tempted.
Hi Doug,
ReplyDeleteMarkets are in a correction mode for two days.....which is normal given the jitteriness.
As you know that I worry more about stocks than markets....
You always have to weigh risk/reward for your needs.
I buy when I think price looks attractive.......only 10% of the time I get the low price.
Saleem
Very good points Saleem. All of what you said is worth me remembering. Thanks.
ReplyDeleteYou know anything about TRA Saleem? Our friend Beatrice is in it but she is having problems posting here. She does read the blog as She has emailed me. I am looking at it while it is down too, so I would be interested if you are familiar or have an opinion? Thanks...
ReplyDeleteHi Doug,
ReplyDeleteDo not follow TRA @ all.
Saleem
DOUG\
ReplyDeleteTRA: IBD says:
IBD SmartSelect® Corporate Ratings
Earnings Per Share (EPS) Rating Relative Price Strength (RS) Rating Industry Group Relative Strength (Grp RS) Rating Sales + Profit Margins + ROE (SMR) Rating Accumulation/ Distribution (Acc/Dis) Rating
75 99 A+ C B-
competition:
Potash Corp Saskatchewan POT
C F Industries Holdings CF
Mosaic Company MOS
Agrium Inc AGU
Sociedad Quimica Y Minra SQM
OVER ALL RATING IS A+
That is a good thing. It is NOT the best of breed.
I hope that this helps ya
Madmax