Markets got "technicians in a pickle"????
Technicians are looking @ their charts and saying "where is another DOWNLEG"
Miss Yamada & Mr Carter are NOT coming to CNBC to "highlight the CLEAR breakdown in S&P"......which had guarenteed another 20% DOWNSIDE ?????
When you see CHARTIST 100% sure about another 20% downside...you KNOW that UPSIDE is just around the corner $$$$$
When sentiments are this negative ...markets always turns UP.......
CNBC "spooked the DAYLIGHTS of every investor/trader"...so there was nobody left to sell.....
So...goes the story of 2008 "bear market"......
In my portfolio :
AGU rating 35/30 target $70.54
CSIQ rating 25/30 target $27.79
CMED rating 55/30 rated for a "breakout"@ $53.34 for a target of $58.06
LDK rating 50/55 target $40.78
MA rating 45/40 target $218.47
SOLF rating 65/50 target $21.82
In other stock :
JASO 20/30 rated for a "breakout" @ $21.29 for a target of $24.46
Solar stocks were on fire...FSLR,SPWR,STP,JASO,TSL,YGE,WFR.......
Techs were back ..AAPL,RIMM,BIDU,GOOG,ISRG,SOHU......
Other winners...DRYS,FWLT,MELI,NCTY,NMX,ICE,LRCX,SNDK,HPQ....
Ben Bernanke will give testimony to CNBC audience........
Good luck for 4th day of green !!!
BLOG does NOT give buy or sell.
Saleem
10 comments:
Hi Saleem and Doug. Thanks for the concern on COIN. I am a big believer in COIN. Tomorrow's potential haircut (now up 2c for the day, but down 77c from close)will be a good buying opp. I am very well diversified. 40% cash, 50% in a basket of foreign etf's, oil stocks, nat gas stocks, ag and alt energy stocks and 10% in COIN and LDK. Peace.
Hi Minaccess,
I am glad that you ARE well diversified.
It is always a good idea not to overload in one stock.....
Sometimes stock takes few weeks to recover from any selloff...
Good luck on COIN.
Saleem
Hi All,
This is a nice market move. Its much better to have a slow rise over time building a stronger base. The shorts get will spooked now. The media stories are still openly negative. There is a slight shift in tone as they now try to save face if things all work out. Can't wait for my refund check! Hey a new big screen tv? Wait,,,,what? I make too much money to get a refund? WTF? Congrats on your solar plays!
Standards
Hi Mina,
If you would like, I will post COIN IH update here for you so that you can read another commentary on where they believe the stock is and where it may be going based on TA. You can see from the recent prices that COIN has been left behind in the recent run ups/recoveries in AG stocks. I think there is a good chance for momentum to stay with COIN. IMO. It is still in its consolidation/accumulation mode. It has been down in the mid $9's for a couple of weeks and has been acting like a coiled spring, it just hasn't been able to hold on to its gains yet as profits keep getting taken but I think one of these times its going to sore and stick. Im no expert but I definitely have it on my ticker watch screen and may consider entering again. I will post IH take on COIN tonight. Best wishes.
Mina,
Obviously this report does not reflect the AH situation but I do believe COIN is still in the striking range of a break out. Tomorrow may have lots of head fakes... If IH stops it out or gives any new guidance, I will post it here for you. I will be considering entering again if it closes anywhere close to $10. Here is tonight's IH take on COIN:
COIN 02/04 Test 18 10.75 +0.79 10.38 12.95 1.4M 978K 9.48
Current. COIN pushing higher on some more above average volume as it gave some modest gains in the session Wednesday. Looks to be waking up here out of the February slumber and nice move higher here midweek.
Saleem,
Congrats on the solars today. Wish I would have been there with you.
Based on the stockconsultant guidelines, it appears that in the short run solars may be overbought and may pull back (profit taking). I have some cash to put to use from sales of stock I made today.
In your humble opinion, do you think it would be adviseable to purchase some of the solars (SOLF, CSIQ, AKNS, LDK)tomorrow, or wait for a couple of days to see if there is a pullback/better time to enter?
Only holding at this time is AAPL. AAPL had a nice day today. Seems to be getting a lot of positive news from the "experts" lately. Don't know if that's good or bad?!#$
Hi Doug. Thanks for the IH info on COIN. Let me know about tomorrow. This blog is great. The concern is unprecedented. I am so thankful to have found this place. IBD has confirmed a rally for NASD stocks. Maybe tomorrow will be a follow through. Asia is up big now.
Hi Bruce,
Thanks for your note.
I will be adding more SOLF today as it is lagging other solar stocks.
In any major move UP...stockconsultant is NOT very reliable......
Same thing on a downtrend...it kept giving AAPL 90 rating while it kept going down.....
Your conviction on AAPL IS paying off.....inspite of "breakdown rating by stockconsultant"...
So...use stockconsultant as reference only when markets are more stable.....
So SOLF,CSIQ & JASO are looking strong...LDK is laggard....
If I were you..I will pick @ least 2 out of 4.....
Good luck on your decision.
Saleem
SALEEM my friend:
Looks like anohter Green day coming right up! Hurray
AGU target price gotta get moved a lot higher, IMHO. We are strong in AG. Fast Money had good things to say about ag stocks.
COIN:
IBD gives it a fantastic A+ in acumulation ratings. I have made money in buying stocks that have A+ rating, provided I do my home work first!
Strength (Grp RS) Rating Sales + Profit Margins + ROE (SMR) Rating Accumulation/ Distribution (Acc/Dis) Rating
35 99 A+ N/A A+
Good Luck all -- Have a great day and lots of $$$$$
Madmax
Hi Madmax,
I do enjoy your "hooray for every green day in markets or green day in your stocks".
AGU is going much higher...be patient......& show conviction....IT WILL work !!!
Saleem
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