i hope this is one of those short recessions and I read somewhere that we will be out of recession even before we know... as all the rate cuts would start taking effect in next couple of months...
Shell shocked NOT--but we are hurting fomr the real estate losses-loans- no one knows how deep the losses are and which banks have more losses yet to come. IMHO, this confusion breeds shorts and lack of confidence. It looks like we are due for a 3/4 interest rate cut. CNBC say mabe 1% rate cut. All this does is continue to ass to the uncertanity. It does look liek the market wants a rate cut and we market could go up on a rate cut. this market is damn sacry! As we said in Vietnam incoming.!! Just my .02 cents Madmax
SALEEM This is IBD news on CMED: China Medical Technologies (CMED) lost 2.79 to 36.64 on brisk trade, breaching its 200-day line for the first time since June. The stock, which extended its losing streak to nine, has fallen 35% since Feb. 25.
I did not sell my CMED. It was a frustrating week but things will improve over the next month. I appreciate your hard work and honesty. Have a great weekend! jerseypris
Hello. My opinion on COIN. It has unlimited upside. However, it is a highly speculative stock which can be extremely volatile. Read the financial blog on yahoo yesterday under COIN to see the potential downside. I believe this is currently a commodity bull market. Consider gold, silver, ag commodities, nat gas, oil etc. However, I would wait for a pullback in these commodities before buying. They are in clear uptrends, but need to make some correction before a new buy.
Read your notes on LDK about it's continued sell off. You would think just the opposite would be taking place because of its earnings. Oddly enough we see AG's still advancing. Do you think selling could be linked to staggered stop orders being executed as the price moves lower due to lack of buying interest in this market? I do like CMED at these prices. I may add more to my position if the market holds. Nibbling at this point.
Hi Saleem. Thanks for your kind words. I took your advice and sold AUY over 19 and re-bought 1/2 at 18.14 on friday. I may buy back the other half if drop below 18. I bought PAAS at 39 on friday as well. I sold UPL last week at 80 and I am looking to buy it back next week if it drops down to 74. I sold DBA last week at 42 and may buy back next week as well. Last monday I bought SDS and sold it friday for a nice $4 gain. So I am mostly in cash now. On any low volume rally, I may buy back SDS. On my watch list are CLF, AEM, DAR, DBS and DBP. Caution is the word until we develop a clear up trend. Stocks can get demolished in this environment. In this environment oil stocks can get clobbered on days oil is up and mining stocks can drop when gold and silver rise. We may also get big rallies. However, the biggest rallies historically have occured in downtrending markets. I need to see a few big volume rallies before I believe the market is in an uptrend.
16 comments:
Looks like everyone is shell shocked...
i hope this is one of those short recessions and I read somewhere that we will be out of recession even before we know... as all the rate cuts would start taking effect in next couple of months...
Hi Troy,
Market tape is discounting "deeper recession"......
So..if we get 1st sign of an improvemnt...markets will respond positively.....
Now...we are back again @ the lowest end of trading range.....
The question IS...will we rally from here !!!
I hope so.
Saleem
HELLO Bloggers
Shell shocked NOT--but we are hurting fomr the real estate losses-loans- no one knows how deep the losses are and which banks have more losses yet to come. IMHO, this confusion breeds shorts and lack of confidence. It looks like we are due for a 3/4 interest rate cut. CNBC say mabe 1% rate cut. All this does is continue to ass to the uncertanity.
It does look liek the market wants a rate cut and we market could go up on a rate cut.
this market is damn sacry! As we said in Vietnam incoming.!!
Just my .02 cents
Madmax
SALEEM IBD 100:
1 POTASH CORP SASKATCHEWAN POT 155.34
2 BUCYRUS INTERNATIONAL BUCY 106.67
3 C F INDUSTRIES HOLDINGS CF 114.6
4 TITAN MACHINERY INC TITN 17.62
5 RESEARCH IN MOTION LTD RIMM 98.04
6 INTUITIVE SURGICAL INC ISRG 264.75
7 MCDERMOTT INTL MDR 53.31
8 VIMPEL COMMUNICATIONS VIP 32.83
9 PRICELINE.COM INC PCLN 116.92
10 RANGE RESOURCES CORP RRC 58.55
11 YAMANA GOLD INC AUY 18.33
12 COMPANHIA SIDERURGIC ADS SID 37.44
13 F C STONE GROUP INC FCSX 41.71
14 KOPPERS HOLDINGS INC KOP 42.06
15 ATWOOD OCEANICS INC ATW 87.45
16 COCA COLA HBC SA ADR CCH 44.67
17 COMP VALE DO RIO ADR RIO 33.14
18 SOMANETICS CORP SMTS 25.14
19 TELE NORTE LESTE PAR ADS TNE 24.23
20 TRANSOCEAN INC RIG 136.31
21 L K Q CORP LKQX 22.1
22 NEWMARKET CORPORATION NEU 68.17
23 SOUTHWESTERN ENERGY CO SWN 62.83
24 MASTERCARD INC CL A MA 192.51
25 AGRIUM INC AGU 71.55
26 QUICKSILVER RESOURCES KWK 34.65
27 T THREE ENERGY SERVICES TTES 50.43
28 CONTINENTAL RES INC CLR 27.37
29 MOSAIC COMPANY MOS 104.06
30 DENBURY RESOURCES INC DNR 31.24
31 GIGAMEDIA LIMITED GIGM 19.12
32 CTRIP.COM INTL LTD ADR CTRP 51.84
33 NATURAL GAS SERVICES GRP NGS 20.37
34 CORE LABORATORIES NV CLB 118.25
35 ENERSYS ENS 23.87
36 SANDRIDGE ENERGY INC SD 38.7
37 WESTERN DIGITAL CORP WDC 30.28
38 F M C TECHNOLOGIES INC FTI 55.77
39 MOBILE TELESYSTEMS ADR MBT 80.3
40 PETROQUEST ENERGY INC PQ 15.55
41 ARENA RESOURCES INC ARD 38.52
42 TEAM INC TISI 30.95
43 FOSTER L B COMPANY FSTR 39.76
44 ROWAN COMPANIES INC RDC 39.83
45 CREDICORP LTD BAP 72.56
46 GREIF INC CL A GEF 66.8
47 INTEGRAL SYSTEMS INC ISYS 27.13
48 B H P BILLITON PLC ADS BBL 63.52
49 ALMOST FAMILY INC AFAM 22.18
50 DEERE & CO DE 83.22
51 TURKCELL ILET HIZME ADR TKC 23.01
52 BANCO BRADESCO SA ADR BBD 30.34
53 PETROHAWK ENERGY CORP HK 18.06
54 CENTRAL EUROPEAN DIST CP CEDC 51.76
55 MERIDIAN BIOSCIENCE INC VIVO 31.87
56 CHART INDUSTRIES INC GTLS 35.69
57 FLOWSERVE CORP FLS 100.64
58 HORNBECK OFFSHORE SVCS HOS 45.39
59 BOIS D'ARC ENERGY LLC BDE 21.14
60 SOCIEDAD QUIMICA Y MINRA SQM 196.12
61 A Z Z INCORPORATED AZZ 34.82
62 BUENAVENTURA COMP ADS BVN 75.77
63 AMTRUST FINANCIAL SVCS AFSI 15.32
64 C T C MEDIA INC CTCM 27.64
65 KENDLE INTERNATIONAL INC KNDL 43.01
66 H M S HOLDINGS CORP HMSY 28.05
67 DOLBY LABORATORIES INC DLB 44.51
68 A B B LTD ABB 25.41
69 BANCO ITAU HLDG SA ADR ITU 24.76
70 M E M C ELEC MATERIALS WFR 74.11
71 CHATTEM INC CHTT 72.25
72 DAWSON GEOPHYSICAL CO DWSN 66
73 SADIA SA ADR SDA 17.78
74 ROSTELECOM LONG DIST ADS ROS 68.95
75 WEATHERFORD INTL LTD WFT 67.26
76 HERBALIFE LTD HLF 46.58
77 NATUS MEDICAL INC BABY 18.94
78 JINPAN INTERNATIONAL LTD JST 25.25
79 URBAN OUTFITTERS INC URBN 28.97
80 W M S INDUSTRIES INC WMS 38.71
81 GAFISA S A ADS GFA 37.49
82 LIFECELL CORP LIFC 40.55
83 CANADIAN NATURAL RES LTD CNQ 74.02
84 SYNIVERSE HOLDINGS INC SVR 16.21
85 OCCIDENTAL PETROLEUM OXY 74.29
86 C P F L ENERGIA S A ADS CPL 64.08
87 ENCANA CORP ECA 76.91
88 EXPONENT INC EXPO 30.53
89 GERDAU S A ADR GGB 30.92
90 MECHEL OAO ADS MTL 134.07
91 HESS CORP HES 91.69
92 MONSANTO CO MON 106.46
93 APACHE CORP APA 116.22
94 ICON PLC ADS ICLR 65.6
95 ANSYS INC ANSS 35.11
96 WILLIAMS COMPANIES WMB 34.85
97 PRIDE INTERNATIONAL INC PDE 34.95
98 COMP DE BEBIDAS ADR ABV 77.61
99 BADGER METER INC BMI 38.2
100 COVANTA HOLDING CORP CVA 27.9
SALEEM
This is IBD news on CMED:
China Medical Technologies (CMED) lost 2.79 to 36.64 on brisk trade, breaching its 200-day line for the first time since June. The stock, which extended its losing streak to nine, has fallen 35% since Feb. 25.
Hi Madmax,
Thanks for for your take on market conditions,IBD & CMED.
Nothing seems to be working these days.....so I keep making SWIFT & necessary changes...to better positioning & contain LOSS...If I can help it.....
Saleem
Saleem,
I did not sell my CMED. It was a frustrating week but things will improve over the next month. I appreciate your hard work and honesty. Have a great weekend! jerseypris
why do you like COIN???Please explain both side?How high it can go or low ?Thanxs.
Hi Michael,
Thanks for your appreciative note about BLOG & re CMED...
The only reason I sold 75% CMED was because I wanted to buy COIN back...
COIN gave me good return in few days ...and wanted to get back in with bigger exposure.
CMED I like whole lot here...please read my CMED analysis on CMED board done few minutes ago....
BLOG is a labour of LOVE !!!!
Hi Ds,
COIN is in the hottest sector of "organic feed"....
They are like POT 5 years ago.....
I have much bigger position NOW....
Please check POT chart to know the-future !!!!!
Saleem
Hello. My opinion on COIN. It has unlimited upside. However, it is a highly speculative stock which can be extremely volatile. Read the financial blog on yahoo yesterday under COIN to see the potential downside. I believe this is currently a commodity bull market. Consider gold, silver, ag commodities, nat gas, oil etc. However, I would wait for a pullback in these commodities before buying. They are in clear uptrends, but need to make some correction before a new buy.
Saleem,
Read your notes on LDK about it's continued sell off. You would think just the opposite would be taking place because of its earnings. Oddly enough we see AG's still advancing. Do you think selling could be linked to staggered stop orders being executed as the price moves lower due to lack of buying interest in this market? I do like CMED at these prices. I may add more to my position if the market holds. Nibbling at this point.
Hi Minaccess,
Missed your post lately.
You do come up with great picks & trading strategy...so I look forward to your post.
So... what position do you have lately.....please share with BLOG readers.....
This BLOG is as good as collective info !!!
Saleem
Hi Standards,
LDK is more of an indication of market conditions & analyst negative bias......
Yes...CMED looks very good @ current prices.....
Saleem
Hi Saleem. Thanks for your kind words. I took your advice and sold AUY over 19 and re-bought 1/2 at 18.14 on friday. I may buy back the other half if drop below 18. I bought PAAS at 39 on friday as well. I sold UPL last week at 80 and I am looking to buy it back next week if it drops down to 74. I sold DBA last week at 42 and may buy back next week as well. Last monday I bought SDS and sold it friday for a nice $4 gain. So I am mostly in cash now. On any low volume rally, I may buy back SDS. On my watch list are CLF, AEM, DAR, DBS and DBP. Caution is the word until we develop a clear up trend. Stocks can get demolished in this environment. In this environment oil stocks can get clobbered on days oil is up and mining stocks can drop when gold and silver rise. We may also get big rallies. However, the biggest rallies historically have occured in downtrending markets. I need to see a few big volume rallies before I believe the market is in an uptrend.
HI Minaccess,
Thanks for your detailed reply of your latest trading activity.
I am glad that you are able to navigate better than some of us in this difficult market.
Saleem
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