Market digested its huge gain this morning by pulling back to accommodate profit taking ......
Lot of very jittery traders ..... who were afraid of market stalling now......
Markets have build a very strong base which will build from here......
Pullbacks will be orderly and IS healthy for the markets going forward......
There were many negative corporate news this AM to deal with....VLO warning,GOOG downgrade...to name a few......Retailer warning & consumer confidence @ lows in many many years.......
All in all not a bad tape in spite of all of the above issues for today......I think we had a handful to start with !!!!
In my portfolio :
Bought RIMM my cost $111.77...looks very good technically !!!
BRCM Down 3 cents
JNPR UP $ 1.13
LULU down 84 cents
NVDA UP 16 cents
PIR UP 7 cents
RIMM UP $1.49
QLD UP 30 cents
@11.17 AM the following are green :
MON,MOS,POT,AGU,LDK,CSIQ(upgrade),TSL,VMW,CTRN,ICE,
YHOO,AAPL,CTRP,MA,NMX,AUY,ABX,GG,SPWR,FSLR,ISRG,
IFN,DRYS,FWLT,V,SNDA,JASO.......
BLOG does NOT give buy or sell.
Saleem
19 comments:
SALEEM
Congradualtions on RIMM, wow what a stock
Just sold my RIMM, I wanted some more cash
Was looking to buy more QLD on pull back or do hte financial thing by buying XLF.
Or save some powder for V. Dunno
Good Luck RIMM is a Happy play here!
Hi Madmax,
Taking profit on any stock is always a great idea.....
Freeing up cash for next buy in mind is also a great idea....
Saleem
Looks like Solars are back.....
Hi Troy,
Solar is strong today from a severely oversold condition....
I will stay away from this sector...as this is manipulated by hedge funds big time.....
There are easier way to make money without losing sanity or equity !!!
Saleem
Hi Saleem,
Just a little update. I sold SIAL at peak of the day for a nice little trade. Also sold QLD to take gains. I doubled down on RIMM so I have a solid tech play going to not feel too bad about letting QLD go. I bought CPST early this morning, before the buy from IH came in, so I lucked out on that one. I am RIMM, HCBK and CPST. I may still add QLD back some time today. Best wishes today.
Hi Doug,
Trading & locking profit is always a good idea.....
Good luck on your current portfolio ...I only follow RIMM .....
Saleem
Saleem,
do you have a target for RIMM to sell at? Thanks.
DOUG
According to Stoclconsultant
TARGET 2 Price: 116.65
It could go higher
there is a lot of $$$$ on the side lines thats why QLD is so timely with a Sharpchart target of $88
SO pick and chose your stock and be a
winner.
Look at my POT and AGU for a fast buck $$$$ POT up another $6 bucks.
Good Luck amigo!!
M
Hi Doug,
RIMM reports on 2nd April...expecting a very good report.....
I am staying with RIMM even after ER.....
I will be adding more in the meantime.....
Hint Hint...new 52 week high coming...I hope !!!!
Saleem
Thanks to Mad and Saleem for kind and timely responses. I will hold RIMM. THanks so much guys...
Thanks to Mad and Saleem for kind and timely responses. I will hold RIMM. THanks so much guys...
SALEEM
WOuld it not be better to diversify and buy some AAPL??
But what do I know!
I am defently a bag holder. like POT, AGU, CMED, DRYS, DSX, GS, LDK, an dQLD.
Good Luck all
M
Hi Madmax,
I base my decision on my understanding of how the business is doing....
RIMM guided UP....
AAPL guided the same as old guidance....
I see a clear difference between the two upcoming ER....
By the way...there IS such a thing as over-diversification...imho
Always like to play with better hand......FWIW
Saleem
SALEEM\
Always like to play with better hand......FWIW
It is worth a lot!!!!!!!!!!!!!
I am really trying hard to learn better a investment attitude. I do tend to be helter skelter.
And more than 8 stocks is to much to handle. Plus if one you own takes off you do not have that much invested in it. So no big win either!!
So again your method is best
My .02 cents
THnaks again
M
Hi Madmax,
We are all different type of trader.
We all do what we think IS right...
In trading/investing there is NO such thing as "right strategy"...if it works for you ..then it IS the right approach !!!
Saleem
Ok Saleem,
I held RIMM and thanks for the guidance. I bought NBR with IH. I sold HCBK with IH too. So I am: RIMM, NBR and CPST. I know your day went as well as mine and I am glad for you!!! Best wishes and continued success on this refreshing "run with the bulls".
Hi Doug,
You are doing the right thing...trading & locking profit.
Your portfolio looks good to me.
Saleem
Hi Saleem. Bought KSU and TITN on weakness. Both turned out to be big winners today. I have ISRG, CELG, POT, TITN, KSU, MCRS, RIMM and HXM. Added some ISRG on weakness as well.
Hi Minaccess,
Your portfolio is showing good tape action .....
Nice expanded portfolio !!!
Saleem
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