NASDAQ took it on the chin two days in a row........
ORCL is being blamed for this slump ????
NASDAQ has been strong lately so a pullback is actually healthy.....
March has two days left..... in end of the month & end of the Q window dressing.....
I will not be surprised if Friday & Monday ends up being strong......I hope !!!!
Do NOT look for any reason when markets/stocks tank from nowhere.....that IS the nature of this market.......
In my portfolio :
Sold LULU to book a gain of $4.65 per share
Sold BRCM to book a gain of $1.43 per share
Bought TOL @ $23.26
Bought RIMM twice today...my cost went down to $114.95....
My portfolio is AAPL,NVDA,PIR,RIMM & TOL
AAPL rating 25/30 target $144.39
NVDA rating 40/95 target $22.30
PIR rating 5/30 target $6.81
RIMM rating 30/30 target $118.20
TOL rating 55/30 target $24.38
In other stocks :
BRCM rating 40/70 target $20.11
LULU rating 10/30 target $33.54
Q-Cells ER lit a fire under solar stocks but faded in the end except for TIM.TO,FSLR,SOLF,SPWR,STP,....
AH ag is strong MOS,POT are UP on contract announcement by MOS.......
BLOG does NOT give buy or sell.
Saleem
14 comments:
Hi Saleem,
Our cost basis for RIMM is almost exactly the same. LOL. Difference is pennies. I bought a small amount of LDK at the close. If it goes down, I will add, if it goes up I will sell for a gain. Im not married to it, just making a trade. Are you still planning on holding RIMM through earnings? Any guidance on when to sell, would be greatly appreciated being that you have traded RIMM so much. Nice profits you sold your gainers for today. Yehaaaw! Best wishes.
Hi Doug,
We have to see how much RIMM goes UP in next 2 days and what is the sentiment of market....
I WILL make you aware of my move on RIMM.....
As markets are very jittery..so trading IS a better option....
This IS a very difficult market so ..I am trading a whole lot more than what I like to do.....if you hold on ...then you lose your profit....
In the meantime..if you get the URGE to sell RIMM...then just DO IT without any hesitation.....
In this market.... piggybacking may not be a good approach.....booking any profit HAS to be "the objective"
Saleem
Saleem,
I hear you loud and clear. I actually liked your blog target that you posted from Stockconsultant of $118.20. I was kind of regretting that I didn't take that a couple of times this week. Now that I have more shares, it takes less to be happy. (also easier to get hurt). I'm glad know that you have an itchy trigger finger right now Saleem. That tells me a lot about where we are in the markets, where your read of the tape says take profits fast. Thanks for sharing your thoughts with me.
Speaking of Solars check this out;
Spring brings sunnier view for solar stocks
"It certainly looks like we've seen the bottom in most solar stocks," Raymond James analyst Pavel Molchanov said in an interview. "Now that the overall market has stabilized and there is more investor optimism in general, we are seeing money flow back into the solar space, with good reason."
http://www.guardian.co.uk/feedarticle?id=7416315
To all AAPL fans, some important information, not sure this matters or not, but thought would post it:
Barron's post
March 27, 2008, 1:57 pm
Apple COO Cook Sells $40M In Stock; CFO Also A Seller
Posted by Eric Savitz
Apple (AAPL) chief operating officer Tim Cook sold 286,673 shares on March 24 at about $140 each, raking in about $40 million. All of the shares sold were part of a batch of 300,000 shares received via restricted stock units which vested this week. Cook detailed the sales, which were sold under a 10b5-1 trading plan, in a series of nine Form 4 filings with the SEC yesterday. Cook apparently kept just 13,327 of the shares received via the RSU grant.
Likewise, Apple CFO Peter Oppenheimer disclosed that he sold all but 13,173 of the 250,000 shares he received the day before via the vesting of restricted stock units. His sales, which likewise were under a 10b5-1 trading plan, raised proceeds of about $33 million. (I would note that the filing indicates that 113,659 of the shares were withheld by Apple “to satisfy statutory withholding requirements on the vesting of restricted stock units.”)
Jonathan Ive, SVP for industrial design, received 200,000 shares via RSUs, and has since sold almost all of them; he had 90,784 shares withheld for statutory reasons. Five other Apple execs received RSU grants that day as well; none show any open market sales, though all had some shares withheld for the same regulatory reasons.
Hi Troy,
Thanks for posting "planned sales of AAPL officers"
Planned sales are done by every growth company where millions are made & diversified as "prudent approach"
Who...would not want to lock in gains of $40 million....we do daily for much much much less????
Saleem
SLEEM
Good Morning my friend
Hope today is a green friday!!
I think TOL may be a good play here.
In this market it is so hard to tell what will work..:)
Good Luck today
M
Good morning Saleem,
Do you have any thoughts on direction of RIMM today? I am going to just ride with IH on this one for a while. They seem to think that it was an orderly pullback/test , to shake out weak hands and prepare for the next leg up. I tend to agree. It is looking pretty strong this morning. Thanks for any thoughts. Best wishes today with to all the board.
Hi Madmax,
TOL like many 2nd tier stocks needs to be traded away when profit is there.....
Yes...it IS green so far !!!
Love affair with any stock IS bad unless the stock rewards you big time !!!
Saleem
Hi Doug,
RIMM RIMM RIMM...this IS one stock which has given me "unbelievable return"
I have "booked" already 240 points per share......
I think there IS much more to go....
How much more IH is a very good guide......
RIMM is a buy trade/hold stock which has given great returns to believers......
As John Lennon would sing "imagine all the $$...which you could keep..if you only had RIMM"
Saleem
Its easy if you try!!! LOL.
Looks like my JASO buy will work out:
[JASO] Today 07:41am
JA Solar Holdings Lazard Initiates JASO with Buy, price target: $26.00
Hi Troy,
Looks like Lazard is lighting UP the solar sector.....
First Buy on CSIQ,AKNS...& now JASO.....
Good luck with JASO !!!
Saleem
HEllO to all: News on DRY shippers:
Despite a bit of back and fill action the last few days, it appears the market is putting in at least a short-term low. While the long-term direction of our markets could take on any number of different outcomes, the climactic low placed last week in wake of the Bear Stearns (BSC) debacle should mark a support point and give the markets several weeks of relief.
During this time, shorter-term traders should be able to take advantage of a lift and many depressed stocks will show very attractive rebounds. Returns after such a fearful low can often stack up very quickly and account for the lion's share of the full year's profits.
In looking for names that are likely to benefit from this improving environment, I have been drawn to many of the shipping names. These companies include Diana Shipping (DSX), Dryships Inc. (DRYS), TBS International (TBSI), Eagle Bulk Shipping (EGLE) and more. While the names all rise and fall according to some of the same economic metrics, you should do your homework to determine the fundamentals of each before putting your capital to work. In this article I will cover a few of the issues facing the entire group and then make some specific statements about DSX. However, the discussion can be applied to many other names within the group.
The dry bulk industry, as it is called, has a very close relationship with prices of commodities, supply and demand for those commodities, and the growth of emerging economies. As nations like China and India demand more and more in the way of grains, metals, and many other materials, shipping rates have been increasing and the supply of available vessels has been stretched. Naturally, when demand for transportation soars and supply of vessels is relatively inelastic, the price for the use of those vessels will rise sharply.
This is the phenomenon we have been dealing with for the last several years. Since it takes quite a bit of time for new ships to be manufactured, current owners of the vessels have enjoyed profits as day rates were pushed higher.
Within the past few months, however, the economic issues have caused concern about the sustainability of commodity prices. As inflation ramps up in some emerging economies, there have been questions as to the long term growth in demand for commodities. At the same time, some negotiations between the Chinese government and BHP Billiton (BHP) as well as Rio Tinto (RTP) over iron ore shipments from Australia to China have caused disruptions in the shipping schedules.
While the long-term fundamentals still look very good for the shipping industry, lower spot day rates have caused significant drops in the share prices of many of these shipping companies. These declines present investors with attractive opportunities to pick up stock at very reasonable multiples, especially compared to the high prices that these companies were fetching just six months ago.
Just some food for thought
Have a great day
M
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