Markets had a normal pullback on profit taking.....
Markets had a quick RUNUP from its LOW......
Markets are in much healthier ground compared to two weeks ago.....
Markets will go through "rotation in different sectors"...a NORMAL bottoming process....
So...it will be WISE to be in good stocks in beaten down sectors......
Again your homework & conviction will reward you this year.....NOT CNBC or MB/BLOGS....
Buying after a RUNUP will hurt you...unless you KNOW the stock FA/TA plus TAPE $$$$
Markets will be sluggish till april......with changing "interpretations by pundits on a daily basis"
Taking quick profits by traders will be a "smart strategy..till august"
For long term investors...accumulating strong out of favour stocks will be very profitable for long term......
In my portfolio :
AAPL Down $2.10..rating 95/65..target $139.81
AGU Down $1.04..rating 40/30..target $66.67
AKNS UP 15 cents..Not rated..
BX UP 11 cents..rating 80/85..target $20.89
CSIQ UP $1.89..rating 65/30..target $21.77
LDK UP $1.26..rating 75/55..target $44.63
MA UP 58 cents...45/30 rated for "breakout" @ $221.30...target $242.30
SOLF UP $1.38...rating 100/90...target $22.81
UEX.TO Down 17 cents...Not Rated...
In other stocks :
SOHU had good ER beat plus higher guidance.....but cost are higher in Q1 ie lower margin ???
SIRF had a lousy ER down almost $6 AH.....
LVS ER taken negative Down $5 AH......
RIMM continued its RUNUP........
GOOG still tumbling on Q4 miss.....
ISRG & CMED were green.......
JASO,STP,TSL,YGE FSLR,SPWR all were rocketing HIGHER $$$$
VMW was green 3rd day in a row........
Please continue your OWN due diligence & maintain your comfort level.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Saleem,
can you explain the rating system you use in your blog, ex: Rating 75/55 etc...
I enjoy reading your blog, its always full of useful info. Thanks much and best of luck to you with all of your trades.
Dave
Hi David,
The rating is from www.stockconsultant.com a technical trading organization...
The first rating is overall technical rating of a stock out of 100....
The second rating is for trading ..also out of possible 100.
Thanks for visiting my BLOG & for your appreciative comments.
Saleem
SALEEM
WHat a sell off
An oppoirtunity to buy if I ever saw one.
What is a good buy in this market sell off?
Hmmm
Regards to you!
Madmax
Hi Madmax,
I added SOLF after open.
RIMM is a good buy also...
Under oversold GOOG.....
Good luck with your decision.
Saleem
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