Markets made a big effort of closing into green.......
Some are calling bargain hunting.....
Some are calling oversold bounce......
As far as I am concerned...as long the colour is green...who cares what they call it !!!
In my portfolio.....overall picture remained RED.....
AGU rating 55/95 target $66.73
CMED rating 45/90 target $52.26
CSIQ rating 55/100 rated for breakout @ $19.66 for a target of $23.05
LDK rating 45/70 target $35.64
MA rating 55/45 target $215.48
SOLF rating 70/100 rated for breakout @ $17.09 for a target of $20.62....
In other stocks :
CSCO,RIMM,SOHU,ISRG,GRMN,LVS,WFR,AKAM closed green
BIDU,GOOG,NYX,NMX,ICE,CME closed UP
So...what is happening with solar stocks...Here is the picture of how much they are DOWN from their HIGH........@ todays close ...Check their PE!!!
FSLR.....<41.4%>PE 79.23
SPWR...<61.4%> PE 21.71
STP.....<48.9%> PE 21.37
JASO....<37.6%> PE 22.92
LDK......<61%>....PE 16.78
CSIQ....<41.5%> PE 12.41
SOLF...<60.9%>PE 25.7....
I personally feel that we are ready to see a "major bounce in solar sector"
Good luck for friday the 8th of feb !!!!
BLOG does NOT give buy or sell.
Saleem
6 comments:
Good morning Saleem and all,
I have quit watching Mad Money, Fast Money and most of the day now, I keep CNBC muted. I feel more peace and I get to spend more time with my Wife and Kids, all at the same time. There is just too much misdirection pointed at retailers through the T.V. IMO. I have also found it easier to concentrate on the tape, when all the noise and interference is not being plugged into the brain. LOL. I keep it on in case of some big announcement but other than that, it feels nice to not get lied to all day. LOL. I don't know if Im right or not to do this, but it sure feels good, if thats any indicator. Best wishes for a green close today.
Have a great day all you fellow bloggers:
DOUG
I like you opinion--I disconnected the TV in my office as CNBC was just TO MUCH! you said it oh so well, thanks Doug.
I to wish for a green close!
SALEEM, can you give me the Canada news station again, for the internet.
thanks
Madmax
Hi Doug,
CNBC is in the business of rating...the higher the neilson rating..the HIGHER they can charge for ads......
So...what brings the crowd to watch....
Technicians like Luise Yamada who every week predicts that we are going lower by another 20% from the recent low of 1270 on S&P..
That prediction of 1000 on S&P CAN get many retail to get glued to CNBC...& begets continued selling by retail.....
Guess...who is buying all those shares in this selling......
I can assure you it is NOT Market makers......it is all the institutions who have a longer term view than trade of the hour !!!!
I think you are on the right track......it IS all about homework ,patience & CONVICTION.....
In august...you will be selling some stocks @ a NICE profit to CNBC retail watchers..who will be told to buy by the same TECHNICIANS....because we did NOT violate the 1270 on S&P !!!!
Saleem
Hi Madmax,
www.bnn.ca is exactly the opposite of CNBC...it is Fundamental based & extremely educational...
Watch "past video"category all the time.
Saleem
Hi All,
I like that BNN. Looks like Canada gained the jobs that the US lost. Yes, I only turn on TV with the mute on. No Mad Money, No fast Money, No Bulls and Bears. They are out to fleece the public with bad advice IMO. Do your own homework. IBD can point out good candidates. Barron's and WSJ are waste of time. Good luck.
Peace.
Standards
Amen to that Standard!!!
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