Markets are in "Valentine red" after testimony of Fed chief,Treasury Secty & SEC boss.....
After 3 days of gains...markets are pulling back....understandibly......
Senators are asking "scare mongering questions on TV...instead of RESOLVING issues in senate & house & working with white house"....an ambulance chasing approach...get TV time no matter HOW......
In my portfolio :
I added 33% more SOLF @ open..my cost went UP to $17.57...It IS the biggest laggard in Solar sector..hopefully it will wake UP soon.....
AGU UP 89 cents
CSIQ down 53 cents
CMED UP 5 cents
LDK down 42 cents
MA down $6.13
SOLF down 41 cents
@11.48 AM the following are green :
YHOO,POT,IGT,BIDU,SPWR,DRYS,GOOG,EZA,EWY,
SNDA.
Ben Bernanke & Henry Paulson are trying their best to deal with "what if questions"...It IS NOT easy to play GOD.....
BLOG does NOT give buy or sell.
Saleem
14 comments:
Hi Saleem,
The Senators are political in their questioning. Anything goes to discredit the current administration. They bring shame on themselves and their party. Nothing constructive or supportive comes from their mouths.
IMHO.
Standards.
Hi Saleem,
I went ahead and bought a little CMED this morning. I almost added to MA but I chickened out. LOL. I also added COIN back around $10. So we will hopefully go green by days end, and tomorrow with OE, Im hoping theres lots of calls for MM's to reach, for a green day tomorrow as well. May be wishful thinking but...
Hi Standards,
I am amazed that in a time of crisis...they go on an "ambulance chasing mode"
Instead of supporting fed,treasury& SEC in an impossible task.....they were poking hole into all their efforts ???
They were "disgusting to say the least"
Saleem
Hi Doug,
CMED buy was a great move...it IS going much higher in a hurry...
MA once it comes OUT of basing mode...we will never see the $197 to $206 range.....
Markets are very strong.....
I am betting the FARM on Solar....now the question IS...will it FLOAT !!!!
Saleem
Yes Saleem, with the UN focusing on Solar as well as oil holding strong, (albeit silly for solar to still be pinned to some degree to oil), I am happy with my LDK. I am hopeful for year end that LDK may be my most profitable move. Thanks for the vote of confidence on CMED. I do have a very small position on with SDS just in case the S&P would temporarily roll over. I just like that little bit of hedge. It makes me feel a little more comfortable with my mostly long positions. And its not shorting one company! Wishing you the best with your solar positions. I think that WFR is a buy right here. Even if market did test, WFR would be right back and if it doesnt retrace, wow, $90's for WFR. IMO...
Hi Doug,
It IS expected..that you will protect your capital...with whatever strategy which does that...
You are playing this market RIGHT...
Markets are NEVER straight line UP or straight line DOWN...
But.... we experienced a horrendous uni-directional DOWN market since december to january...longest I have ever seen in downward direction.....
WFR I do NOT have too much feel for it...I always like to observe chart/tape first then get excited or turn-off....
Saleem
DOUG
Earnings Per Share (EPS) Rating Relative Price Strength (RS) Rating Industry Group Relative Strength (Grp RS) Rating Sales + Profit Margins + ROE (SMR) Rating Accumulation/ Distribution (Acc/Dis) Rating
96 96 B- A- B- good ratings and positve accumulation rating
IT IA BEST OF BREED- a good thing:
Top 5 Companies in the Elec-Semiconductor Equip Group Stocks Above $10 - Sorted By Best Overall Rating
M E M C Elec Materials WFR
Aixtron A G Ads AIXG
Emcore Corp EMKR
Applied Materials Inc AMAT
Varian Semi Eqpmnt Assoc VSEA
S&P gives it 5 stars a Very Good thing!
From what I can see it is a bargin now.
However, their are some other good ones, like CSIQ, SOLF, HOKU JASO
Good Luck on your decesion
Madmax
Hi Madmax,
Thanks for the information. That was cool of you to do for me. Yes I keep, almost pulling the trigge,r but the tape is so funky today, its hard to get a feel. LOL. My gut tells me that this is noise and we close green but I'm really not experienced enough to call the tape with any conviction, so I am being cautious, for a change. LOL. best wishes and thanks again.
SALEEM and DOUG
I am glad that you like the stuff that I post here!
I am fully loaded right now, I vae to sell some DSX or AGU to have powder for more SOLF and or CSIQ.
Saleem, the tape seems to be strong in these two, Hmmmm
Ideas any one, since I have some profit in DSX and AGU
Cheers to all
Madmax
Mad,
This is IH take on WFR (they are in the trade @$81.09. This is from last nights report. Their target is $95+ Just a thought. Best wishes:
WFR 02/09 Rev HS 80.93 +4.05 81.09 95.95 5.4M 7M 78.21
Entered today. WFR on a great move higher with rising below average volume as it bounced off the 50 day SMA out of yesterdays quick pullback for the buy. Just the move we were looking to enter on as it took the Rev HS even higher. Awesome.
Hi Madmax,
You are a very helpful & caring person...who post info which IS helpful to MANY.
You need to play your GUT FEEL on AGU & DSX.....
I am "full throttle in solar"....
If I beat my returns from 07...it WILL be because of Solar.....
But I also have CMED,MA & AGU....you never KNOW...which sector will give you the DOUGH...
That is WHY I am ALWAYS spread out in MANY sectors.
Saleem
Mad,
Saleem mentioned MA. I dont know if you are in it already but if not, the Fed speak today has it on sale. IH is also in @$208. I am in MA too. As Saleem mentioned to me, it probably wont see these prices again. IMO Target from IH is $239. Good luck.
Saleem and DOUG:
thanks for your thoughts, I am sitting this one out for today.
I really like the action for CMED, and DSX. I kind of have a soft spot on shippers, the shipping rates just poped up really huge, which drives share price and dividends up!
Thanks again for your caring and thoughtfull advice
God Bless you both
Peace
Madmax
Hello. I picked up some shares of stocks and etf's today I thought could do well no matter the direction of the market. I bought DBA today, the agricultural commodity etf. I also bought AUY. Nice to see COIN stay above 10, past resistance is now support.
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