Markets closed on a small negative.....S&P 500 was down .9%..Dow down .38% & Nasdaq down .53%......a very small give back......
We are getting new religion for 1 technician who came on Fast Money & changed from Bear to Bull......that is a nice start......getting bull religion IS good @ this stage of markets life !!!
Thursday we should be able to resume green close again !!!!
In my portfolio :
Sold COIN..booked a loss of $2.25 per share.....tape has been weak on a relative basis....
Bought DUG the ultra short of Oil & Gas index cost $38.36
Bought EGO a Gold stock which has cleared some legal issue & resumed production @ their biggest mine in Turkey...a low cost producer of Gold cost $7.10 !!!!
My portfolio is :
CSIQ,CMED,DUG,EGO & RIMM......
CSIQ rating 75/95 target $22.83
CMED rating 100/80 target $41.97
DUG rating 70/45 target $40.62
EGO rating 30/30 rated for a "breakout" @ $7.20 with a target price of $7.88
RIMM rating 35/50 target $104.86
In other stocks :
TOL rating 60/70 target $21.28
JNPR rating 70/70 rated for a "breakdown" @ $24.85 with a target of $22.94..IF NOT 1st UP target is $26.53
Strong stocks were..FSLR,BIDU,MA,STP,ISRG,SOHU,GRMN,VMW,CIEN.....
BLOG does NOT give buy or sell.
Saleem
10 comments:
Hi Saleem. Is there a short or ultrashort etf that mirrors crude prices and not oil stocks. I can't find any.
SALEEM
CSIQ interesting news:
http://www.schaeffersresearch.com/commentary/observations.aspx?ID=83288&obspage=2
Hi, salim .
what do you think about SOLF ? Thanxs.
Hi Minaccess,
I have tried to locate a short oil..so far no luck.
Saleem
Hi Ds,
I only like CSIQ in that space..based on my research.
Saleem
Good morning Saleem,
As you know, I sold everything yesterday except CHNR, as I didnt want to let it go for a loss, so Im holding hopefully until a profit or even. I did buy SDS with IH just before the close. It was not genius. I just wanted a hedge on an luckily picked a good day. The main reason Im posting this morning is to bring your attention to MA. It has bounced back after a selloff with a vengeance in the past. I am going to watch it closely and put a position on when it is very beat up, for the rebound. Just wanted you and others to consider for a trade in the next couple of days. Good luck all!
Hi Doug,
Buying strong stocks on weak prices IS a winning strategy....
No matter which stock you pick...make sure it IS a stock which will improve with improving markets.....some MAY not as it has ALREADY moved???
I do NOT expect weakness inmarket to stay until close in a meaningful manner.....so suggest locking profit on SDS....
You MAY want to look @ QLD/QQQQ into weakness today.....
I am looking very closely @ my OWN ideas of playing against the market....
I do not lose by trying my OWN contra plays..vs the popular ones.
So today.... I have two contra plays already DUG & EGO.....
Good luck !!!
Saleem
Thanks for the QQQQ thoughts Saleem. Good luck today.
SALEEM
Good Luck to all
May the green come back before St.Patricks Day!
Smile
Madmax
Hi Saleem. EGO turning out to be a great pick. I bought CDE at 4.28 today. A good silver play just beaten up because of a note offering. If you look at the particulars of the offering, it looks good. My DXD is working as planned by hedging my long positions.
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