Markets are trying to form a base here.......
Whether it succeeds or NOT.......depends on many factors......
US markets are "notoriously controlled by hedge funds"
So...if hedge funds wants to take it higher......markets will go higher......
As markets have been trashed since october...the BIAS should be HIGHER..imho
There is such a thing which is known as "severely oversold.....& hedge funds KNOW that"
You cannot KICK a "dead market too many times".....so I think !!!
So if you observe "green colour today...then my thesis is right"
Also keep in mind that Hedgies do NOT make money unless they CLOSE their short position...which results in buying of the same which they sold yesterday......
Understanding of this mechanism is important.....if you have to sell something.....never sell anything on freefall days....actually you should be buying strong stocks that day !!!!
In my portfolio :
AAPL down $1.03
AGU UP 60 cents
CMED UP 53 cents
CSIQ UP 63 cents
LDK down 94 cents
MA down $2.89
SOLF UP 36 cents
One can easily see the benefit of being in many stocks...even in the same sector....overall you have a fighting chance of coming out ahead @ the end of the day...I hope !!!!
@11.30 the following on my watchlist are green :
TSL,DELL,VMW,GS,POT,CTRP,DIS,LVS,NVDA,NYX,AUY,
ABX,GG,VLO,SPWR,FSLR,WFR,IFN,DRYS,FWLT,EZA,EWY,
FMCN,RIMM,STP,GRMN,JDSU,CIEN.
Good luck on rest of the day.
BLOG does NOT give buy or sell.
Saleem
15 comments:
Saleem, I am starting to see, more and more, exactly what you are talking about in your blog. Todays blog is very helpful to get folks (and myself) to step back and look at the bigger picture. I appreciate your eye on the tape and I am hoping to gain some of the same awareness that you have over time. I have been getting more confident to buy on down days and sell into strength. Thanks for handing out free lessons!
Hi Doug,
It IS my life GOAL to help as many people in as many ways as possible.
BLOG is just another MEANS towards that GOAL.....
I am very happy that you have put into IMPLEMENTATION some of my "key points"
Pursuit of knowledge is a lifelong objective.....
The day one feels they KNOW it ALL...that day they STOP learning !!!
I have to LEARN alongwith everybody else in terms of LIFE & MARKETS !!!
Saleem
Saleem, is there any specific news relating to LDK and the sell off thats been going on, that you are aware of? Just curious. I havent been able to find anything that speaks to this. The only things I have been able to find are positive in terms of the companies future. I know about the snow delays... but just wondering if you might know something that I cant find. Thanks.
Hi Doug,
Selling in LDK is related to yesterdays press release...imo
Some hedge funds are shorting LDK based on the info provided by LDK...
I think this selling has RUN its course NOW......$32.70 area may have some support....as they took all the STOP below $33.....
We MAY see a recovery into close...I hope !!!
Saleem
thanks for your thoughts.
Saleem,
Would appreciate your take on LDK? When you look a open interest on FEB. options (I don't know much about options), looks like the price should be in the $40 - $45 range.
Thanks,
Ken (kdibeers)
Saleem,
Would appreciate your take on LDK? When you look a open interest on FEB. options (I don't know much about options), looks like the price should be in the $40 - $45 range.
Thanks,
Ken (kdibeers)
Saleem,
Would appreciate your take on LDK? When you look a open interest on FEB. options (I don't know much about options), looks like the price should be in the $40 - $45 range.
Thanks,
Ken (kdibeers)
Saleem,
Sorry about the dups. I had to reset my password...not sure what happened.
Hi Ken,
I do not buy or sell options....so NOT familiar with open interest relationship with stock price.
Saleem
Hi Saleem. I skirted a major financial disaster with BIDU. I set up a sell trigger today at 260. It is trading now at 231. Technicals are now damaged with violation of 200dma with increased volume. I got lucky. Peace.
Hi Minaccess,
Great stop loss approach.
Saleem
HELLO Minaccess:
wow
What a controlled exit! You are to be congratulated. Did you lose any of your$$$$?? I hope you did NOt lose any of your hard earned $$$!
Regards to all
Madmax
So it is CSCO's turn today... getting hammered AH
Hi Madmax. Thanks for the concern. I actually made some money, mot much but better than a major loss. I was worried BIDU would tank today and I couldn't watch the markets because of work. I put two triggers in place on ameritrade. One for sell if it rose to 260 or fall to 246. I was just lucky it hit 260 before it fell hard through 246. It is now 225 in AH.
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