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
18 comments:
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
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
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...!!
MINA,
IH just took off all the inverse ETF trades. FYI.
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
I agree Saleem. And they do it without hesitation, no ego, just a quick change in direction and its off to the races! LOL..
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.
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
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.
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
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.
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.
Hi Madmax,
Congratulations on a great day in your portfolio & markets.....
GREEN IS GOOD!!!!
Saleem
Hi Minaccess,
What a great day in your ETF...it is on my main screen.....
Good luck for a follow through wed.
Saleem
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
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
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
Hi Saleem. IFN was up over 16% and my whole etf-heavy long portfolio was up over 6%. Not too shabby.
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