GOOG lousy numbers were sinking futures whole night.......then @ 6.45 AM came MSFT buyout offer of YHOO...so futures went UP 100+ on dow.....but that celebration lasted only till 830AM...then came the worst job numbers since 2003.......
Jobs declined by 17,000 ........an extremely slow economy "snapshot"......
MSFT offer is a major boost not only to long suffering YHOO stockholders which includes my brother who has been holding YHOO shares for 3 years @ higher than buyout offer...but this is a major vote of confidence for battered tech sector.....which is DOWN in bearish territory.......
Considering lousy jobs data.......markets are showing every sign of NOT rolling over......
Market hedgies are definitely betting on long side NOW...as they see value compelling.....thank goodness for this CHANGE !!!!
In my portfolio :
I bought BX today...as it IS trading 40% BELOW IPO price......it is one financial which is NEAR LOW since IPO...my cost $18.43......
BX UP 10 cents.......... !!!
AAPL down $1.60...
AGU UP 41 cents....
AKNS UP 11 cents....
CSIQ UP 44 cents...
LDK UP 75 cents....
MA UP $5.78.......
UEX.TO UP 4 cents.....
@ 11.31 AM the following are green :
GS,SNDK,AMAT,SIRF (reports AH monday),YHOO (bid of $31 cash+stock),
POT,IGT,CTRP,SOHU,CMED,WYN,NVDA,NYX,SPWR,ISRG (blowout ER),
WFR,IFN,FWLT,STP,LRCX,INFY,MR,JASO,SWIR,EBAY.
Decliners includes...GOOG,RIMM,BIDU,NMX,MSFT........
A well diversified portfolio will fare much better than a concentrated position in this sector rotation market........Patience & conviction is mandatory
BLOG does NOT give buy or sell.
Saleem
13 comments:
Not sure if you thought I asked about TSL again. I was asking about YGE.
Hi Beatrice ,
I do not follow YGE @ all.
Saleem
Hi Saleem. Bought back into BIDU this am at 265. Sold back on 1/4 at 365. I am a little obsessive-compulsive and liked the 100 point difference. Solar looking good today. Peace.
Hi Minaccess,
Market tone has certainly improved...so your $ will work well.
BIDU reports on 13th feb.
Saleem
Hello Minaccess
what did you do with BIDU, buy at $265 and sold at what??
Look at NYX and LDK thay are charging for a huge run up
NYX target is $83 and LDK is $47.
Good luck
Madmax
Hi Madmax,
I hope you still have GS...it is flying UP$7+++ so far....
Saleem
Hi saleem,
Just want you to know that although I may not post sometimes, I am here daily, more than once, to factor in your take on market action...to help me make good decisions. Your selflessness is an inspiration.
Hi Doug,
Thanks for your appreciation of my post...which IS based on what little I could decipher.....
I am happy that it gives you some perspective.....
Happy trading $$$
Saleem
SALEEM
thanks for asking>>>
YES!!!!!!!! giddy up--hurray GS is on the way!
It will not tie with MA, but its target is $234; hurray we are on are way.
AAPL is basing in my humbel opinion. My NYX is finally alive now onward to target of $83we still have a lot of turf to gain back here, but slowly we are getting there. If DRYS keeps moving along then my DSX will march up to $35 target
Have a great weekend
Madmax.
Hi MadMax. I bought BIDU today at 265. I used to own BIDU (bought in December) and sold (at a loss) on January 4, 2008 at the price of 365. I sat on the sidelines the past month and got it at 100 lower than my selling price. I hope that is more clear. Peace.
Bought some WM today at $20.50. [Had it earlier in this year a lot cheaper but panicked (like a little school boy) and sold it at a loss!
Hi Bruce,
I am glad that you are back in WM.
Past is past...we all have to look forward.....
One step @ a time.
I hope you still have AAPL.
Saleem
Yes Saleem, I am still holding all my AAPL. I am confident that AAPL will slowly but surely creep back up to trade at its proper level. It sure took a beating!
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