NASDAQ & S&P 500 closed green ......
Dow closed red by 16.04.....
Advancing stocks had strong lead on declining stocks on both NYSE & NASDAQ....
UP volume also had comfortable lead on both indices.......
Economic reports are coming before open...durable goods is the key.....
In my portfolio :
Sold QLD to book a gain of $8.21 per share......
Bought AAPL @ $141.81.....
My portfolio is AAPL,BRCM,JNPR,LULU,NVDA,PIR & RIMM......
Booking profit is a very important part of my strategy and I follow it with great discipline.....
AAPL rating 50/30 target $145
BRCM rating 55/45 target $20.11
JNPR rating 40/30 target $28.16
LULU rating 30/30 target $33.00
NVDA rating 70/50 target $22.17
PIR rating 25/30 rated for a "breakout" @ $6.90 for a target of $7.94
RIMM rating 30/30 target $125.11
In other stocks :
Solar were the big movers today SOLF,CSIQ,STP,FSLR,LDK,SPWR had good gains.....
MA,V,POT,MOS,MON,AGU were strong
Among the laggards were GOOG,BIDU,SIRF,GRMN......
BLOG does NOT give buy or sell.
Saleem
22 comments:
Tobin Smith - Buy LDK under 28 (Mar 25)
http://www.moneyshow.com/msc/investors/article.asp?aid=tptp032708-14414&iid=tptp032708&scode=010473
Hi Saleem. Looks like we are going to have a tough morning. If we are in a new uptrending market we will shake it off by the end of the session.
Hi Minaccess,
I like weak open & stronger close....hallmark of an improving market.....
Allows me to buy on weakness !!!
Yes...looking forward to a better close.
Saleem
Good Morning SALEEM
Looks like a week morning! Did you sell QLD because of some fundamental weekness?? I Love AAPL good choice!
I sent you some negative news on RIMM.
J Carmer is pumping it and India is giveing RIMM a ultimatium to provde the access codes or India will close them down---Dunno it either will effect the stock price --plz watch out!
Have a great day every one!
M
Yes Saleem, a higher close would be sweet. Yesterday my portfolio (and most growth oriented portfolio's) outperformed the general market. This is a good sign of strong market.
Hi Madmax,
Yesterday in my post ....I gave the reason for selling QLD a profit of $8+++ was the ONLY reason.
RIMM has gone UP $200 inspite of bashing by Cramer in the past...
Cramer never makes sense to most people....he IS a comedy act with NO conviction.....changes his mind with each breadth....
RIMM will have satisfactory solution in India..like in Russia!!!
I get financial Post newspaper daily in Canada which has good analysis on all stock/financial issues.....
Saleem
If the MM's try to use confusing news on RIMM to shake out weak hands, I will buy on dips.
Hi Doug,
RIMM issue in India has been going on for 3 months now......
As you know I follow RIMM closely...it IS a non-news....
Every business has challenges in each economy but....good co like RIMM has the talent to RESOLVE minor things....
Sky is NOT falling in this OLD issue !!!
Saleem
SALEEM
thanks for being on top of the issues.
I on hte other hand just learned of this stuff! Thank you for taking the time to respond to my comments.
I know nothing
Smile
M
Hi Max,
it was cool of you to provide the info on RIMM. Saleem has been following RIMM for a long time and its one of his all time knows. Thats the reason why I said buy on weakness, because Saleem told me to. LOL. Best wishes to all today. Don't get faked out of your positions.
DOUG
Some times I can miss a Message thread ;As i did in QLD!
I have to go to the Hospital often for check ups on my remission head and neck cancer. So I am out of pocket at times.
Or am I suffering from old age!! smile.
At times I can get caught up with exuberence and miss some important facts thats my story and I am sticking to it
M
Max,
I did not know the challenges that you are facing. I pray that you have a strong recovery and I pray that you will heal fast in Jesus name: Amen.
You are a wonderful contributor to the board. Your desire to help and offer thoughts, speak to your heart. Thanks for your humble and kind approach to the board. Best wishes.
Saleem,
RIMM is holding strong. I hope that any tests to the market, happen this week, so that RIMM ER will be in an up trend market time. Then, it would have the wind at its back as it runs from good ER.
Hi Doug,
RIMM is very "green" already.....
This IS a great stock.....
RIMM made my 2007 "stunning Gains"
Saleem
Guys, check this out.... I am impressed..!!
http://www.ldksolar.com/progress%20pic.html
TROY
I saw those before!
Nice, thanks for sharing!
M
Hi Saleem,
I am learning TA. I really like your stocks to watch, since it gives me a chance to go back and tally stuff.
I would be ever grateful if you could show me an example for how you set targets, whenever you have time or even a quick quip. Say, I am looking at AAPL -, is your 145 target, from the sep and jul 2007 highs? I usually use OBV and MAs. 10dma has just crossed 50 dma. So it is a mildly bullish buy signal, since 50dma is descending. I would rather it is ascending.
Thank you very much
--clarke
Hi Clarke,
Targets are for daytrading purpose only.....
It is for traders.......
Long term investors can ignore that completely.....
I use www.stockconsultant.com for those targets......
I generally use target 1 only....
They do provide target 2 also....
They give 7 free TA based targets....in 24 hours.....
I also look @ charts on www.stockcharts.com ....they are good for long term trends...go in Gallery mode based on P&F....
Hope it clarifies !!!
Saleem
SLEEM
I can not be happier then with the performance of POT. My AGU is stuck
Your AAPL and RIMM are awsome flyers, FUGEO!!
I bought some more QLD at $72, as I missed the run run in AAPL, it moved to fast
Hurray for ya
M
Hi Saleem,
Thank you so much saleem.
I will take a look at stock consultants.
I don't have the luxury of a margin account. So, I cannot day trade. So I generally trade with a few days horizon.
happy trading
--clarke
Looks at LDK, breakout to 35 imminent...
Dang, I sold JASO too soon...
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