Markets are down sharply on concerns on many front...
Concerns about economy.....
Concerns about write down....
Concerns about profitability....
All resulting in many investors/traders selling ......
Confidence of investors/traders are badly bruised......
Is there any hope for the future of this market.......
The way this market is selling off.....one would think there is NO hope for this market...
But.....markets have a way of turning around after doing what it NEEDS to do......sometimes it IS technical...sometimes it IS discounting of any or all issues facing the markets.......
The only problem IS that nobody CAN tell WHEN !!!!
I always look @ close to come up with my conclusion......
So...keep an eye on close today ?????
In my portfolio :
CSIQ UP 25 cents...reports before OPEN wed cc @ 8AM.....expecting good things !!!
COIN down 45 cents
GS down $1.84
LDK down $1.69
TKC down 41 cents
@ 11.29 the following are green :
BRCM,TSL(on good ER),AMAT,BRCM,ICE,AAPL,IGT,
TOL,AMZN,QID,SDS,FXP.
BLOG does NOT give buy or sell.
Saleem
17 comments:
Brutal market, LDK and all others getting trashed...
TSL nice earnings today, glad I got some... long term it looks good...
We will just have to keep the faith and weather this storm..
Hi Troy,
Yes...I am staying put.....
There will be sunshine SOON !!!
I am glad that you have TSL great ER.....
Saleem
Saleem,
Our friend Beatrice cannot post here right now because of some type of difficulties. She emailed me and asked for me to post this question for her, for you and any on the board whom would like to reply. Here is her question:
IF there is a disruption that causes corn prices to rise - drought or whatever - what might be the fallout? Who benefits, and who might lose? From what I'm reading, whether or not it actually happens, speculation about higher corn prices is starting to impact stocks that will feel the fallout. I'm ignorant about the chain of exposure. Saleem always says "look forward" right?
Thanks much,
B
Hi Beatrice,
Corn is a commodity...DBA is a good etf which has corn as part of its futures index.....
DBA,MOO .....you can look under its definition of what it constitutes & the ratios....that info is in Yahho finance & MSN moneycentral......
Unless you go in CORN futures market which IS extremely dangerous to dabble.....there is no pure play which I am aware of....
Good luck on your CORN investment ideas......
By the way commodities are overplayed also alongwith Gold imho !!!
Saleem
Saleem,
Have you noticed how well ADM is holding up. Looks like strong Relative strength. Just a thought to watch.
By the way, do you have any thoughts on CHNR? I just wonder if it will get different treatment from the market being a china metals play? Thanks for any thoughts.
Hi Doug,
ADM is definitely holding up.....
CHNR I do not follow @ all...so you have to go with IH on that.
Saleem
SALEEM
Looks liek the market want to close green--hurray
I like the way TKC is recovering as RIMM is up 4.66% yes!
Maybe DSX will close green for
St. Patricks day--smile
Hi Madmax,
I am happy that RIMM is UP...
Yes..TKC is moving towards unch..hopefully !!!
Markets are getting a helping hand from ABK deal !!!
Saleem
Looks like some shorts may be covering before the close here today with LDK Saleem! I hope they keep covering right up to the bell. I hope i hope i hope...
Hi Doug,
We HAVE turned the corner on LDK today...imho
This will be a long UPTREND....
Saleem
Saleem,
I would very much like to participate in that! LOL...
I sold my SDS for a decent gain. Bought ADM today.
I also added a little to my CCC. So I am LDK, CCC and ADM. Best wishes to you and all bloggers!!!
I also just bought some CHNR as metals beaten down today. I dont know. I am buying before IH is in so it is a gamble.
Hi Doug,
ADM was a very good move based on tape...
CHNR have no feel.....
LDK...will start giving some dough starting wed..as CSIQ ER hopefully will give a boost....
CCC is IH pick.....
4 stocks is always good !!!
Saleem
Saleem,
Thanks for the comments. Fair warning to the board, IH stopped out CCC on me after the bell, just in case anyone was eyeing it up. Best wishes.
Saleem,
Did you by chance see the post on the LDK yahoo board showing shares naked short not delivered? If it is true, could this be a flag for a massive short covering coming? If you get a chance to check it out, please let me know what you think. It was showing 30,000,000 shares on the list. Talk soon. p.s. Beatrice says Hi...
Hi Doug,
LDK...once it starts moving..it IS always a "violent move UP"
Naked short list is a big mystery for me.....all done with SEC approval...as they sit & do NOTHING about it......
Yes I saw those posting on LDK MB....
I hope we start moving UP with the same intensity we came down.....
I do not know why Beatrice is not able to post...Tell her to run a good anti-virus program on her computer and she should SCAN her computer for VIRUS.....
Google blocks posting if they suspect VIRUS.....FWIW
Saleem
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