Markets are in negative mode all around......
This is a usual pattern in the morning session.....then everybody forgets about all the negatives going into close......
Jobs report are the highlight of this week on Friday @ 830AM.....
Expect another improvement into close......as markets are in "support zone"
In my portfolio :
Sold TKC and booked a loss of $1.62 per share......
Sold COIN and booked a gain of $4.20 per share....
Bought CMED after each trade my cost $40.86
CMED UP 48 cents
CSIQ UP 50 cents
GS down $4
LDK UP 9 cents
My portfolio is CMED,CSIQ,GS & LDK
@11.41 AM the following are green :
COIN,BIDU,AGU,SNDK,AAPL(introduction of BB competing product),
FWLT,NTES,AKAM,MON.
BLOG does NOT give buy or sell.
Saleem
10 comments:
I hope your right about the afternoon session Saleem. I am posed to make a good trade or two if it would. The market does have a heavy countenance this morning, thats for sure.
Hi Doug,
FEAR is very good for capitulation in the market......
Today...If we close higher than LOW then we have a solid bottom in place.....
We are dealing with the same issues which we had known since aug....It took 8 months for margin calls to hit the GUSHER...means the old game/issues are being resolved by market.....which IS the way it should be.....
Saleem
SALEEM
You made some good trades
that way you preserve your equity
I can not believe that this market is see sawing like this. Convictions rules. Look at CSIQ!!
Lets hope for a green close
Cheers
M
COIN, I do not understand. It looks dangerous .1.4 million shares converted , likely to be dumped in the market. Long be careful.
DOUG
I bought some AGU and PWE
I am hoping for some POP here Merril upgrades PWE, AG are have been on fire
Cheers to all
M
Hi Madmax,
In difficult market hitting singles IS a good idea.
I try to KNOW FA/TA/TAPE of about 20 stocks WELL...which helps me with conviction in every type of environment...
We are coming to the conclusion of retest.....
Good luck with your buys today !!!
Saleem
Saleem,
I sure do hope that LDK quits sneaking down! I dont want it near that $24.19 breakdown price. Do you think the selling has dried up some with the low volume? Just wondering what your thoughts are. Thanks for any take...
Hi Doug,
When any stock goes to a low point like $23.50 for LDK....it does some kind of "retest"...which builds a solid base.....
From everything I know about stocks LDK has very little downside risk and "major UPSIDE potential"
So...LDK has great risk/reward ratio.....which IS what I care for future....
As you noted there is low volume on todays negative tape.....which IS more of a reflection of overall market & "margin calls which many have to face day after day".....
So ..most people "sell the dog" instead of looking @ potential"
That IS why I worry more about other trades than LDK.....which IS being subjected to many negatives...which includes short side analyst,naked short etc....
Whever LDK turns UP..it will be swift move UP several point...I hope !!!
Saleem
Thanks for letting me borrow some more conviction Saleem. LOL. I hope I dont get too heavy, leaning on your conviction so often. Maybe you could sing "He ain't heavy, He's my brother"!!! LOL...
Hi Doug,
Wall Street is a very painful place as we see everyday.....
Conviction & knowing how low & how high is a good way to look @ any stock......
But...in the meantime ...we all have to survive first.....
Managing RISK should be the biggest GOAL...no matter how bullish we MAY feel about any stock...
Saleem
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