Markets are lower due to economic uncertainty based on the reports about jobless claims which IS @ highest level......
Markets are also "mildly overbought"......so red picture is healthy......
I am expecting better close.......
In my portfolio :
I sold CMED and booked a gain of $1.69 per share.......my 3rd trade in a week
I bought a smaller qty of CMED again with a preset sell price in place..my cost $56.17....under water as I write...Still expecting ER to be a BEAT.....
CSIQ down 72 cents
CMED down 57 cents..I am down $1.28
GS down $4.09
LDK UP 64 cents
RIMM down $1.64 in Toronto
@11.16 AM the following are green :
AGU,AAPL,AUY,SOLF,YHOO,CTRP,WYNN,ABX,SOHU,FMCN,
SNDA,NDAQ.
BLOG does NOT give buy or sell.
Saleem
11 comments:
Hi Saleem,
Looks like CMED beat and the stock sits still or down slightly. Hmmmmm. Last QTR the stock jumped +4 on earnings and kept +2. Not much selling, maybe a few jumping off, sell on the news routine.
Have a good day!
Standards
SALEEM
Nice sale on CMED
I was hoping for bigger pop! Looks like it is holding at $55.37 right now.
Dunno if I should wait to buy more or
what--any suggestions?
I like the tape for AAPL and AGU $$$.
Our RIMM and GS are being pounded.
I think RIMM will close green-Smile
THanks for being hear for us to converse with ya...
Madmax
Saleem,
I just gotta buy some CMED here @ $54.65. I read your post, so I know you are considering adding. Best wishes and great trading on CMED for the 25-26 time. LOL,,,
DOUG
IMO, there are some bargins out there
Look agaion at DRYS
lots to consider.
Ive looked at the charters for the QMAR Capes....and they are awful....in the $20-$30,000/day range.
Their Kamsas are chartered till Dec 2010, at also horrible rates, around $24,000/day.
There is no guarentee that rates will still be strong come late 2010...almost 3 years out. I doubt theyll be much about $80,000 Cape and $40,000 Pana. Still very good.
By comparison, the $50,000/day 2-yr advance, 5-yr charter for the NB1107 looks quite good.
DSX also has strong 1-yr options for extension of their Capes.
Their Pana vessels almost all roll over in the next 18 months, and that will allow them to work the market to optimize income. Lots of flexibility there, imo.
CEO does not like to take too much risk, nothing like DRYs.
DSX is a good balance to DRYs and GOlden Ocean in my account
(10% DRYS, , 25% DSX)
Good luck with yourt decision--I hope that I have helped ya
Madmax
Hi Standards,
CMED IS actually looking WAY better than before.....
Margins are exploding..beyond my belief.....
Sales will catch up.
We MAY see a JUMP friday based on CC....
Saleem
Hi Madmax,
CMED IS a tricky stock especially after guidance IS out.....so do NOT overweight it yet until you listen to CC....
My 2 cents !!!
Saleem
Hi Doug,
CMED will remain a good trade if you BUY @ right price....
Saleem
SALEEM
thanks for the guidence my friend
Your sugggestions about CMED are appreciated.
Madmax
Stocks are acting like they are under a coiled spring. You can just feel the desire for them to want to go higher, if it weren't for determined MM's pushing down on the spring with all of their might! It looks almost fake the way that they are desperately trying not to let em run. IMO.
Hi Doug,
It IS a stock picker market more so these days.....
It is a very good idea to position in strong stocks on down days...NOT bargain or overbought stocks.
Saleem
Saleem, wishing you the best w/ CMED CC. I never did pull the trigger as I decided to not go on margin with it. I'm LDK, CCC, DSX and ASIA.
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