Markets are extremely frustrating to both "bulls & bears in base building mode"
Bears are looking for a "retest of 11,600 on dow" & bulls are wishing for a clean breakout on the upside........
Guess what...we are getting neither......
Why ????
Because .......after such a sharp & straight line drop...tape NEEDS to build a nice base before it trends higher......
It IS highly encouraging to see that dow is resting comfortably above 12,200......
So much for technical mumbo jumbo......
On the fundamental side...markets are digesting lot of positives & negatives......
Did I say positives ?
Yes I did....
Positives are.... that fed & white house are focussed on any remedial steps to help the economy..
Negatives are sub-prime related mess...which still needs CLARITY.....
So .......we are involved in mud-wrestling......lot of slip & sliding ..but going nowhere FAST !!!
In my portfolio :
AGU UP $2.09
CSIQ down $2.32
CMED down 62 cents
LDK down $2.40
MA UP $2.54
SOLF down 94 cents
@11.22 AM the following are green :
RIMM,POT,MOS,HPQ,BRCM,DELL,VMW,AMAT,GS,ICE,
AAPL,TSO,CTRP,NYX,AMZN,FFIV,NVTL,LRCX.
BLOG does NOT give buy or sell.
Saleem
6 comments:
SALEEM
Looking good on MA!!!
Are you considering any of the 4 horseman??? RIMM< AAPL, AMZN CISO
Good luck for a green clsoe
Madmax
Hi Madmax,
AAPL & RIMM are both looking GOOD !!!
Need to create some DOUGH to buy !!!
Saleem
SALEEM
I know what you mean
I sold mt CMED for $350 profit today
I thought that that the market was going down real bad so I booked a profit.
So I was looking at COIN, RIMM, AAPL to put my $$ to work
Looks likr our AGU is busting out just like you said it would--wow what a GREAT call.
Have a good afternoon
Madmax
Hi Madmax,
Markets have been frustrating for both long & short.
So...I do understand your selling of CMED.....as long as you made money ....it was the right move.
Yes...AGU is looking Good $$$
Saleem
Hi Saleem,
great call again on reading the tape!!! Looks like most of your stocks did great today. Im happy for you. I sold COIN for a nice gain. Bought CCC. Have a good evening.
Hi Doug,
Nice to see green close....inspite of many negatives.
Happy you got coin from COIN.
Now hello to calgon !!!
Saleem
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