Markets are holding on to "half of its gain"......
Why we lost half of the gain????
First ......that is the nature of US market.......
Second.... lot of traders have lost lot of equity......so they trade out very quickly.....
Third...Fed minutes will come out @ 2PM......so there IS some hesitation into buying before the minutes......
Fourth....lot of buyers normally buy near close ...with the hope that prices will be "more attractive"
Fifth....Shorts are working in-concert to hold off any strong gains......until they COVER or trying to SHORT in any rally........
In my portfolio :
AGU UP $3.92
CSIQ UP 11 cents
CMED UP 82 cents
LDK UP $1.00...upgraded by GS from sell to neutral....
MA down 5 cents
SOLF down 30 cents
@ 11.35 AM the following are green :
POT,MOS,MON,WFR,SNDK,VMW,MTU,AAPL,IGT,TSO,
WYNN,AUY,KGC,GG,ABX,VLO,SNE,IFN,DRYS,FWLT,
JEC,EZA,EWY,FMCN,PCZ,GRMN.
Someone IS trying to BLOCK my BLOG with various tactics since yesterday......which IS preventing ME to POST or REPLY for about an hour......then it IS dealt by GOOG....& I AM able to post again......No big deal...but a nuisance @ best.......please keep trying if you have difficulty in signing IN....it is a 30 minutes PAIN....gift of internet agendas ?????
BLOG does NOT give buy or sell.
Saleem
10 comments:
Hi Saleem,
Just trying a test to see if blog is responding well. Gotta love that LDK upgrade. Hopefully, many more to come!!! Lets hope that the Fed doesnt put its foot in its mouth today. LOL...
Hi Doug,
BLOG is OK 95% of the time....
LDK is looking good......
Going into 2009....LDK will be a "star performer".....
GS is on board now...good things will follow.
Fed speak will be supportive of a rate cut @ 2PM.....
Saleem
SALEEM:
I am so sorry that some one is busting yor chops on the blog....Some one is gonna get his fingers burned--I hope so.
Look at my DSX and AGU buys Star performers today, IBD states that huge moves by hte institutions are supporting this run up. It is NOT to late to get DSX.
Madmax
Hi Madmax,
BLOG interference only started yesterday......I am sure GOOG will deal with that....
Internet is a crazy place...too many losers "loitering"
I am happy for your DSX.
Saleem
Hi Saleem,
Sorry for your blog troubles. When I see markets rise in tandem around the globe it begs to wonder just what is happening. All the different markets and different people around the world just do not wake up at the same time and say buy some stock. Some say computer algorithms set the pace. Unless everyone has the same algorithm why the cooperative advances in all markets? Never have figured that out.....Any ideas?
Standards
Hi Standards,
Futures are a derivatives which control world markets.
Because of derivatives use and worldwide involvements of GS of the world.....it IS all one market.....
If you look @ the drop..they are ALL in 20% range......
Strange...but FACTS are hard to deny.
Saleem
Saleem,
CNBC is going to push Carter "the negative chart man". It would almost be funny, if it wasnt so pathetic, in terms of manipulation and plot by tv to ruin the little guy. Im glad that I am no longer in the Freshman class and I dont get robbed on every up or down. LOL. Anyway, just kind of a laid back day with everyone thinking it out, while CNBC waves their hands in the air like frantic children...
Hi Doug,
Carter is NOT talking S&P chart anymore ?????
Patience & conviction will WORK eventually.
Saleem
Hi Saleem,
So what you are saying about futures is that buying and selling is based on futures? My wife worked as a broker at Schwab for a decade. They would compare the overnight buy/sell orders to determine market direction for the next day. Can you tell me how futures are determined? I'm sure GS has big strings attached to the movement.
Standards
Hi Standards,
GS & other tarding house play with derivatives to achieve the results they are after.
In US mini S&P 500 is a "weapon of choice"
I am sure similar vehicle exists in every market.
It does NOT take much money to play with MINI S&P.
Futures also trades 24 hours..so the GS of the world are always "hedged"
Saleem
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