Markets ended green...Dow,NASDAQ & S&P500 all ended higher......
Advancing stocks led decliners.....
Markets are NOT displaying conviction.....????
New Q..new Month starting on Tuesday....will it be any different????
I have been booking gains whenever I can get.......
In my portfolio :
Sold AAPL booked a gain of $2.50 per share......
Put all proceed into RIMM cost went down to $113.92......
My portfolio is NVDA,PIR,RIMM,TOL......
NVDA rating 70/80 target of $21.79
PIR rating 50/30 target of $6.80
RIMM rating 0/30 target $116.52
TOL rating 30/30 rated for a "breakout" @ $24.41 for a target of $26.82
In other stocks :
CSIQ rating 15/30 target $21.80
EGO rating 66/40 target $7.47
LULU rating 45/55 target $33.06
Strong stocks included MA,FSLR,ISRG,GS,NCTY,GA,ASTI,SPWR.....
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem,
I also sold CPST to buy more RIMM today. My cost basis is $114.09. I do have a little too much exposure in RIMM but I plan on selling at least a portion in the next couple of days, if not all, hopefully for a profit. LOL. I bought a small amount of LDK before the close for a short and fast trade. I read you and standards discussion today, but it wasn't until I had already bought LDK, so hopefully I wont be holding the bag on it. I was just hoping for a quick buck or so, in the morning session. We will see. So I am RIMM, LDK and bought a started a small position in YTEC as it was beaten down hard today. I bought close to the bottom of the day but not many shares. Good luck tomorrow.
By the way, when I said I may sell all RIMM, I did not mean that I didn't have conviction in RIMM performance, just taking profits, thats all. Hope for a stronger day tomorrow.
Hi Doug,
Selling RIMM or any stock for profit is a smart move.
Markets are meandering @ best...so my conviction for markets are NOT very strong.....
LDK,YTEC are all OK for a quick trade.....
Conviction is hard to develop in stocks when markets are barely green...so do NOT blame you for trade OUT activity...
Saleem
Thanks Saleem,
There's a weird feeling, like even the pro's are getting jumpy and losing money. It seems there is less money in the stock market every day and that is not good. I hope we get some good moves tuesday or wednesday to the upside. until I see something in this market give, I have my day trader hat on as much as I can right now. I'm just keeping a close eye on support and resistance levels of NAS and S&P and seeing if we are going to just be range bound or if there is going to be another serious move either up or down soon. Today was just kind of yuck! Good luck tomorrow.
Doug,
I'm getting that same feeling, a change in market psychology and direction. Seems like the path of least resistance is up. The shorts must be getting tired of bouncing off a 12k Dow. No amount of bad news is driving it lower. The base is in. IMHO
Hi Standard,
I would love to see a market turn to the upside for sure. Looks like a good start to that effort may be happening today with the futures showing green. Best wishes.
Hi Doug,
Futures are definitely giving "hope for a strong day"
Make sure you are IN strong stocks NOT bargain.....
Bargain generally do NOT participate in strong rally....
POT,MOS,MON...deserve a "break on the UP side...FWIW
Saleem
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