The following stocks gave a "new buy signal".....please do your own due diligence & limit your loss by using stop.
BIDZ,DISH,FMCN,NCTY,SNDA,PWRD,NCOC,CYBX,CCC,
DO,TKC,TLM,TJX,TU,PDA,OCR,IGT,AMT,WLB.
Next post 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
25 comments:
SALEEM
Good Day my friend>
Wow what a close yesterday
Teh GS clsoe was such a surprise
Hurray!!!!!!!!
Look at the Dry shippers
THey should pop really high now that the rates went to the moon:
http://www.dryships.com/index.cfm?get=report
Have a good weekend every one
Madmax
Hi Madmax,
Yes....close made everybody's day..
GS is looking good......
Waiting for your list of new IBD 100.....
Enjoy this weekend...as we are looking better for monday !!!
Saleem
SALEEM
Here is the latest IBD rankings:
Rank Company Symbol Price
---- ---- ---- ----
1 DRYSHIPS INC DRYS 87.45
2 POTASH CORP SASKATCHEWAN POT 157
3 BUCYRUS INTERNATIONAL BUCY 102
4 INTUITIVE SURGICAL INC ISRG 291.57
5 C F INDUSTRIES HOLDINGS CF 125.86
6 CHINA MEDICAL TECH ADS CMED 55.33
7 COMPANHIA SIDERURGIC ADS SID 39.92
8 TITAN MACHINERY INC TITN 19.7
9 F C STONE GROUP INC FCSX 43.9
10 RESEARCH IN MOTION LTD RIMM 107.95
11 VIMPEL COMMUNICATIONS VIP 37.67
12 ATWOOD OCEANICS INC ATW 93.11
13 PRICELINE.COM INC PCLN 127.25
14 COMP VALE DO RIO ADR RIO 35.63
15 TELE NORTE LESTE PAR ADS TNE 25.4
16 RANGE RESOURCES CORP RRC 62.72
17 GIGAMEDIA LIMITED GIGM 19.67
18 YAMANA GOLD INC AUY 16.96
19 COCA COLA HBC SA ADR CCH 44.53
20 SOMANETICS CORP SMTS 25.51
21 T THREE ENERGY SERVICES TTES 48.6
22 MASTERCARD INC CL A MA 203.48
23 NEWMARKET CORPORATION NEU 64.41
24 TURKCELL ILET HIZME ADR TKC 24.62
25 AGRIUM INC AGU 70.85
26 HARBIN ELECTRIC INC HRBN 22.5
27 QUICKSILVER RESOURCES KWK 34.6
28 SOUTHWESTERN ENERGY CO SWN 61.72
29 WESTERN DIGITAL CORP WDC 31.23
30 MOSAIC COMPANY MOS 108.96
31 DENBURY RESOURCES INC DNR 30.99
32 FOSTER L B COMPANY FSTR 42.69
33 KOPPERS HOLDINGS INC KOP 40.03
34 CONCUR TECHNOLOGIES INC CNQR 29.14
35 NATURAL GAS SERVICES GRP NGS 21.03
36 CORE LABORATORIES NV CLB 125.7
37 AMTRUST FINANCIAL SVCS AFSI 15.74
38 M E M C ELEC MATERIALS WFR 81.55
39 CTRIP.COM INTL LTD ADR CTRP 53.2
40 B H P BILLITON PLC ADS BBL 65.15
41 MOBILE TELESYSTEMS ADR MBT 83.6
42 CHATTEM INC CHTT 77.42
43 PERDIGAO SA ADR PDA 51.33
44 DEERE & CO DE 87.17
45 ARENA RESOURCES INC ARD 40.25
46 MERIDIAN BIOSCIENCE INC VIVO 32.19
47 CYBERSOURCE CORPORATION CYBS 15.53
48 AMERIGON INC ARGN 18.95
49 ENERSYS ENS 24.6
50 F M C TECHNOLOGIES INC FTI 54.53
51 DOLBY LABORATORIES INC DLB 45.85
52 H D F C BANK LTD ADR HDB 111.47
53 NATUS MEDICAL INC BABY 18.95
54 BANCO ITAU HLDG SA ADR ITU 25.02
55 JINPAN INTERNATIONAL LTD JST 27.2
56 SADIA SA ADR SDA 18.5
57 BANCO BRADESCO SA ADR BBD 29.43
58 TEAM INC TISI 29.19
59 W M S INDUSTRIES INC WMS 39.67
60 DYNAMIC MATERIALS CORP BOOM 56.58
61 BOIS D'ARC ENERGY LLC BDE 21.03
62 CENTRAL EUROPEAN DIST CP CEDC 55.5
63 GERDAU S A ADR GGB 30.6
64 MECHEL OAO ADS MTL 126.83
65 HESS CORP HES 93.66
66 TELEFONICA S A ADR TEF 85.5
67 LIFECELL CORP LIFC 36.57
68 FOCUS MEDIA HOLDING ADS FMCN 50.04
69 MANITOWOC CO MTW 40.95
70 GAMESTOP CORP CL A GME 46.27
71 ATLAS AMERICA INC ATLS 56.92
72 L K Q CORP LKQX 18.89
73 EXPRESS SCRIPTS INC ESRX 66.31
74 ROSTELECOM LONG DIST ADS ROS 66.81
75 STERLITE INDS INDIA ADS SLT 19.7
76 DIANA SHIPPING INC DSX 30.51
77 KIRBY CORP KEX 48.15
78 SUPERIOR ENERGY SVCS SPN 43.47
79 OPEN TEXT CORP OTEX 31.75
80 BADGER METER INC BMI 40.2
81 INFORMATICA CORP INFA 18.08
82 NOKIA CORP ADS NOK 36.84
83 URBAN OUTFITTERS INC URBN 29.66
84 HORNBECK OFFSHORE SVCS HOS 43.9
85 COMP DE BEBIDAS ADR ABV 80.39
86 A Z Z INCORPORATED AZZ 33.68
87 CHINA MOBILE LTD ADR CHL 74.8
88 M S C I INC CL A MXB 33.83
89 OCCIDENTAL PETROLEUM OXY 73.57
90 FLOWSERVE CORP FLS 102.97
91 ICON PLC ADS ICLR 70
92 MONSANTO CO MON 116.67
93 G F I GROUP INC GFIG 83.14
94 MINDRAY MEDICAL INTL ADS MR 34.52
95 ANSYS INC ANSS 36.69
96 H M S HOLDINGS CORP HMSY 28.08
97 BLACKROCK INC BLK 185.58
98 PETROHAWK ENERGY CORP HK 17.11
99 R R SAT GLOBAL COMM NTWK RRST 19.62
100 NASDAQ STOCK MARKET INC NDAQ 40.4
Saleem,
As you know from my recent e-mails, I seem to have lost my way (confidence)in my stock picking ability. All my position are way underwater. The market has done a real headjob on me and I feel I may not be making sound decisions.
I agree with your recent e-mails to me that the market will eventually turn and to hold....but I would appreciate your thoughts regarding my current holdings.
SEED - 4.01%
CSUN - 8.11%
AAPL - 53.54%
SPWR - 9.73%
SOLF 10.86%
Cash 13.74%
In regards to my overall situation....most of the money is long-term investmnt money/IRA.
Thanks Saleem
Hi, salim.
I did lost confidence in market.This is not a stock market,it is a gambling market, thanxs to CNBC.
I sold wfr, solf, etfc, ldk, Bought cmed, OPTV.OPTV small company but big upside potential. Lot of insider buying. Digital age is coming i 2009.
Hi Bruce,
I appreciated your effort in "rethinking your strategy going forward"
I hope you will not mind my suggestions...as it is an effort to be honest & caring.....
I see several issues with your mix of stocks.....
First.....you should have a strategy of having strong stocks in any sector.....
This will eliminate stocks like CSUN & SEED......
Second as your largest bet is AAPL...which I happen to like also...you are overexposed there...
So a suggestion for you....
First do a covered write on AAPL for Oct 140 which will give you $11 per share plus it will give you @ least $20 of upside...which will bring you close to $151+ towards your cost....
If AAPL stays below $140 by october..then you can write covered call again say for december 08 and then you will be ahead of your cost on AAPL...
What I suggest you do with CSUN & SEED sale...buy AGU which is a much better stock & has better appreciation potential.
So post minor surgery your portfolio may look like this :
SPWR
SOLF
AAPL
AGU...suggested
Whis has much better feel to it !!!
I will be more than happy to answer any follow up question..re my suggestion.
Saleem
Saleem,
I just love how you are helping Bruce. Giving your time and thoughtful analysis, so that he can get back on track, is very admirable. You have done the same for me in the past and others as well. By the way, I want in on AGU too! LOL. Best wishes to you and all on the board.
Hi Ds,
I do not blame you in losing confidence in this extremely difficult market.
Markets go through these "turmoil every 3 to 5 yers"
But ...because of internet MB & CNBC ..it is very easy to succumb to other agendas and lose lot of money in the process.
In tough times ...you need to have your own game plan & NOT listen to MB/BLOG or CNBC.....
Sometimes reducing exposure is the only way out.
Saleem
Hi Doug,
Thanks for your appreciative note.
Being helpful & caring is part of my makeup.
We all need a helping analysis every so often....once we recover from our issues...then we can guide others with our new experience.....
Saleem
Thanks Saleem,
CSUN - agree with your suggestion. Poor decision on my part!
SEED - Earnings is being reported on 2/27/08. Don't know whether to hold through earnings or sell Monday or Tuesday? Suggestions..
AAPL - I am not knowledgable about writing covered calls....so I am a bit skittish. Is there an alternative plan that you could suggest, re AAPL?
AGU - I agree.
As far as weighting, the remaining suggested stocks (SPWR, SOLF, AAPL, AGU, what would you suggest?
Thank you so much for your time and effort. Hope I can repay the favor sometime.
Hi Bruce,
SEED you can wait for ER...as most ag stocks are reporting good numbers.
I could not find any info on SEED EPS ????thus my discomfort...
The only other solution to AAPL is to sell 20% of weighting in the monday rally near close.....
With that proceed put funds into 3 different stocks after selling AAPL.
Some stocks which are looking very appealing are :
BIDU
FMCN
SNE
Once you give me your feedback then we can work on weightings.
Saleem
Saleem,
I have copied your response and added my comments:
Saleem: SEED you can wait for ER...as most ag stocks are reporting good numbers.
I could not find any info on SEED EPS ????thus my discomfort...
Bruce Comment: I understand your discomfort. I agree..of course most things spook me now. As earnings are on the 28th, I could wait to see what the market does to the stock on Monday and Tuesday?? Don't know...suggestions.
Saleem: The only other solution to AAPL is to sell 20% of weighting in the monday rally near close.....With that proceed put funds into 3 different stocks after selling AAPL. Some stocks which are looking very appealing are :
BIDU
FMCN
SNE
Bruce: Big believer in AAPL, but I agree that I may need a new approach to get confidence back. Assuming a portfolio of: AAPL, BIDU, SNE, FMCN, AGU, SOLF and SPWR, what is your opinion as to weighting? and does it look in proper balance as far as sector allocation?
Thanks.
Hi Bruce,
AAPL computer/iphone sector 30%
SPWR 10%
SOLF solar sector 10%
SNE electronics 10%
BIDU search 10%
FMCN lcd/internet ad 15%
AGU AG 15%
That will be my suggested allocation based on price & sectors.
Saleem
Thanks Sallem.
I appreciate your patience and time.
Bruce
Hi Saleem,
I've been a regular reader for the last 3 months. Your blog is a great read and I hope it stays clean. Congrats to madmax, bruce, doug and others for the participation.
Saleem, do you have any thoughts about iqw.to ? I bought a small sum a month ago and feel wierdly comfortable with it for the time beeing.
Moo, Aapl, Dba, Gex, Iqw.to
Ghoad
Hi Ghoad,
Thanks for visiting my BLOG.I appreciated your comments.
We all work hard to keep it informative & topical.
I do not follow that stock.
Saleem
Hi Bruce,
You are most welcome.
Good luck on your RESET.
Saleem
Saleem
Thanks for you take on CROX. I have another question for you that you should appeal to most others. What effect do you think the China inflation, if any, will have on the Solar stocks, i.e. SOLF, LDK, CSIQ etc? I don't think it is cause for concern now, but in the future if it becomes too big of a problem do you see it hurting the stocks or no since solar generally isn't a direct consumer product? Thanks for everything.
Haw
Saleem,
One final(?) question on your "Reset" suggestion:
AAPL computer/iphone sector 30%
SPWR 10%
SOLF solar sector 10%
SNE electronics 10%
BIDU search 10%
FMCN lcd/internet ad 15%
AGU AG 15%
What % of monies available would you commit to the above-mentioned stocks (exposure to the market)?
In other words, if I had $100,000, would you hold $10,000 of SPWR, $30,000 AAPL (i.e. 100% exposure).... or would you suggest at this time investing for example purposes only: $80,000 (holding $20,000 in cash) (80% exposure) and dividing up the $80,000 according to your suggest allocation percentages?
Based on your opinion of market risk at this time, what market exposure % would you suggest?
Thank you Saleem. I am sure everyone on the board is learning important lessons/concepts from our conversation.
Bruce
Hi Haw,
In every emerging fast growing economy inflation IS the price you pay for rapid growth.
Chinese central bank have been fighting this battle for over 2 years now...by increasing the reserve requirement for banks and increasing their discount/funds rate.....
The above measure was to tighten/reduce the availaability of liquidity for the Chinese economy.
Chinese economy because of many measures by their central bank will be growing @ slower rate from 11.4% to maybe 9%....which will contain inflation also.
About solar stocks.....they will NOT be affected for two reasons....
First majority of their sales are in Europe like 90%....
Second they all have long term contracts which adjust upwards for inflation...or other cost which MAY go UP or DOWN...they work with cost plus in contracts.
Solar stocks will face higher labor cost which they are able to pass along to buyers....because of high demand for solar products.
Hope that clarifies !!!
Saleem
Hi Bruce,
I personally feel that... because of long drawn out pullback & base building..which has already occured.....
It will be PRUDENT to put all money to WORK NOW...when stock prices are LOW.....
Warren Buffett always buying when there IS blood on the street....
His famous line goes something like this :
When everybody IS worried about market he IS NOT.....when nobody IS worried about markets he worries a LOT.....
In other words when everybody is PANICKING he IS buying and when everybody is EUPHORIC he IS selling.
Some other words of wisdom :
Buy LOW sell HIGH.....currently it IS certainly LOW......
Investing IS a long term game....so staying fully invested near LOW is a great strategy....
Finally NOBODY knows to buy @ exactly lowest prices.....so I do NOT even try it.....
Buy & HOLD should WORK for long term in a DIVERSIFIED mode as suggested.
Good luck to all "RESETS"
PS...did you notice my exposure is @ MAX with 6 stocks...with booking profit as an ongoing MANTRA.
Saleem
Saleem,
Thanks for your thoughtful reply. In regards, to your Mantra about booking profits...do you follow a specific methodology...what do you use/look at to determine an appropriate time to sell/book profits? Do you sell a certain percent of your holdings or sell the entire position.
I appreciate your knowledge and time.
Hi Bruce,
I follow a very simple strategy for booking profit.....
I have a preset idea for each stock "volatility" and try to play it accoprdingly....
I always sell all......
If I still feel that it IS going higher then rebuy all or more to start all over again..sometimes same day !!!!
Depending on the market environment someday I MAY sell every profitable position & then reposition in the same stocks differently....sometimes I add new stock like GS the other day....
See...the beauty of booking profit of $1 to $6 per share is that you have build your confidence and MONEY warchest for next moves.....
Because I believe we are @ LOW..I will be expanding my portfolio into like 8 stocks on average as I go along......
Knowing your stocks tape & chart is a big help in trading.....it is NOT formulae based but more so HOW different stocks trade (intraday SWINGS)......
But I can assure you rapid booking of profit is a highly desireable strategy as we go HIGHER.....
Volatility NEVER goes away from markets...use it to OPTIMIZE profit.
Saleem
Of course on the other side of booking profit is taking loses, which I have not been dilligent on and has thus cost me dearly.
What is your position on selling when a position heads immediatly heads South? Do you set a stop, for example a 6-8%? Do you set it in your mind, or do you actually set a stop order with your brokerage house?
Thanks for your help and continuing replies....each time you give me a response it triggers more questions.
Bruce
Hi Bruce,
Booking loss is a reality..which we must all face......
Yes I do book loss as part of strategy.....
Like when I suspect that market is NOT going to be KIND to one or many of my position is to book loss in a hurry like BIDU where I booked $16+ per share loss...which I always list in my BLOG.
Booking loss quickly KEEPS you in the game & protects equity.....
By booking loss say in your 30% AAPL will do many things...it will balance your portfolio & also create equity which you can DEPLOY in many beaten down stocks which I have suggested.
Also booking loss inAAPL will free UP lot of capital and will OPTIMIZE your $ in redeploying.
So... you are selling AAPL say @ 30% loss...but buying more shares of other stocks also @ 30% bargain..which puts you in better strategy than working with 300 shares of AAPL vs 900 shares of new stocks.......
I use loss to re-stratigize my portfolio.
Please keep asking any & all questions..as I am more than happy to share my responce....
Saleem
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