Tuesday, March 11, 2008

Markets are UP nearly 2%..thank you Fed !!!!

Markets were primed & set up to fall and take the lows on S&P 500.....but but but....something strange happened on the way to the pre-market.......

Shorts were ready to KILL the markets @ open and then cover ......Fed said "not so fast THIS TIME"

As they say "rest is history"

Strangely enough as shorts are caught with their "proverbial DOWN"...they are using CNBC to PUSH the point that this rally should FAIL today.......

This IS an agenda talk by a group of people who are failing to see the significance of the move by fed & worldwide central banks...

I see today's action by fed & world central bank as the BIGGEST effort to UN CHOKE credit availability......

So..I believe this Rally is a real deal......

In my portfolio :

CSIQ UP 67 cents

CMED UP 57 cents

COIN UP 99 cents

RIMM UP $2.13

@11.20 AM the following are green :

GOOG,AAPL,BIDU,IFN,EWZ,AGU,CIEN,JNPR,TSL,C,DELL,
SNDK,VMW,AMAT,CTRN,ICE,IGT,TSO,CTRP,WYNN,POT,
NYX,NMX,AUY,VLO,SPWR,FSLR,ISRG,XLF,SNE,AMZN,
DRYS,FMCN,SOHU,MA,GS,TKC,WFR,JASO,LRCX.

Good luck on rest of the day.

BLOG does NOT give buy or sell.

Saleem
at

18 comments:

  1. madmaxMarch 11, 2008 at 8:38 AM

    SALEEM

    For what it is worth you got a winning hand

    Dunno, if CNBC will win with their stupid agenda of this being a head fake. It feels real to me

    On a personal not still holding LDK
    Do not know what to do

    Take care all
    Have a great GREEN day
    Madmax

    ReplyDelete
  2. Stocks100March 11, 2008 at 8:51 AM

    Hi Madmax,

    Markets have faced too much negativity in the last 4 months...every 5 minutes a new bad news daily.....

    Now the other side is coming into play...a big positive today by fed...

    I am hoping that we will build from here....

    Saleem

    ReplyDelete
  3. Troy HouseMarch 11, 2008 at 10:25 AM

    madmax, my 2 cents:

    if we have hold LDK this long, there is no point selling now... let this madness end on WS and then make a decision...!! I am ready to hold till 2009...!!

    ReplyDelete
  4. DougMarch 11, 2008 at 10:35 AM

    MINA,
    IH just took off all the inverse ETF trades. FYI.

    ReplyDelete
  5. Stocks100March 11, 2008 at 10:40 AM

    Hi Doug,

    You know what I like about IH...they are SMART to change their mind...when evidence IS there.

    Being stubborn on wrong stocks has never helped anybody ...including ME.....

    So it is NEVER too late to change & adjust strategies.....

    That preserves equity & put equity to rework in the right place.

    Saleem

    ReplyDelete
  6. DougMarch 11, 2008 at 10:48 AM

    I agree Saleem. And they do it without hesitation, no ego, just a quick change in direction and its off to the races! LOL..

    ReplyDelete
  7. standardshighMarch 11, 2008 at 11:06 AM

    Saleem,

    How interesting at the lowest point in the market, the FED comes thru and GS bringing VISA to market next week. GS would never push stock into a major declining market.
    In addition I read an Article written in OCT 07 saying PJ was circulating the ugly news on LDK to institutional clients but kept a buy rating for retail customers. Uggh!
    Every time I go to the retail stores I ask how business is and if they've seen a recession. The answer is always business is good and what recession. I ask all your readers to do the same.

    ReplyDelete
  8. Stocks100March 11, 2008 at 11:19 AM

    Hi Standards,

    Fed knows a thing or TWO about TA also.....

    Selling was getting too tired & stale based on volume & S&P 500 close.....

    They could NOT even reach 1270....the much talked about NO SUPPORT.....

    I live in Toronto area.....& it is booming...house prices UP YTD 4% in last 12 months....inflation is LOWEST in canadian history..thanks to flying Canadian $.....

    That is my Canadian snapshot !!!

    Saleem

    ReplyDelete
  9. standardshighMarch 11, 2008 at 11:54 AM

    Saleem,

    Thanks for your take on Canada! Home prices in my local area have risen 7% but some local areas have declined. I like that BNN. Just the facts. No liberal view points injected into the news. Good luck in your trades.

    ReplyDelete
  10. madmaxMarch 11, 2008 at 12:40 PM

    SALEEM and Board

    I live in DC and we have about a 15% correction in housing prices.

    I can fell that hte resession is here as retail in slow and resturants are slow too.

    THe local and state budgets are hurting for money and they are looking at new ways to raise taxes (of course).
    I still own DSX, DRYS , CSIQ, CMED RIMM and of course LDK.

    I gotta love the action today in all my stocks and AGU and COIN is up 13%--way to go Saleem!!!!!!!!!

    Madmax

    ReplyDelete
  11. minaccessMarch 11, 2008 at 1:07 PM

    Hi Saleem. What a great day! I was able to sell my DXD mid day near highs for a small loss. Bought 1/2 back at close when dow was up over 400 as a hedge.

    ReplyDelete
  12. DougMarch 11, 2008 at 1:09 PM

    Saleem,
    I ended up clearing off COIN and CCC (IH stopped CCC out this afternoon and I got out with little damage). I kept CHNR as I am a little down in it and want to see how it behaves tomorrow. I picked up MON. So that is it: CHNR and MON. I will be looking at other stocks to add as we go forward. I just wanted to regroup after the LDK loss and reassess my game plan.
    To the Board for recession talk: I am in St. Louis. We are holding our housing prices ok, jobs are a little slow to land. I would say just kind of putting along overall. The bottom fishers are out in force though, trying to take advantage of slow housing sales. They are kind of ruthless and looking for hardcore bargains from people that may be distressed. Retail is slow as well as dining out. No disasters but not to hot either. Best wishes to all.

    ReplyDelete
  13. Stocks100March 11, 2008 at 1:39 PM

    Hi Madmax,

    Congratulations on a great day in your portfolio & markets.....

    GREEN IS GOOD!!!!

    Saleem

    ReplyDelete
  14. Stocks100March 11, 2008 at 1:41 PM

    Hi Minaccess,

    What a great day in your ETF...it is on my main screen.....

    Good luck for a follow through wed.

    Saleem

    ReplyDelete
  15. Stocks100March 11, 2008 at 1:44 PM

    Hi Doug,

    Great pick MON......

    CHNR was UP 3.9%.....

    Nice trade on COIN....As you know my cost is $13.73..so NO CIGAR yet !!!

    Good luck with your strategy for wed !!

    Saleem

    ReplyDelete
  16. Troy HouseMarch 11, 2008 at 1:55 PM

    Now tell me if LDK is not manipulated or not, check out Yahoo finance for LDK and WSJ is publishing all the old news of Oct 2007 as the new news. Link of yahoo is today's date/time but if you click on the link it takes to WSJ story of oct 2007

    ReplyDelete
  17. Stocks100March 11, 2008 at 2:29 PM

    Hi Troy,

    LDK manipulation is well known to anyone who follows LDK....

    Small investors like us cannot fight DJ,analyst who are shorting with their big money....

    Unless you want to wait 1 year...this manipulation IS not ending anytime soon...imho

    Saleem

    ReplyDelete
  18. minaccessMarch 11, 2008 at 2:45 PM

    Hi Saleem. IFN was up over 16% and my whole etf-heavy long portfolio was up over 6%. Not too shabby.

    ReplyDelete