Tuesday, March 25, 2008

Nasdaq IS Green !!!!!

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
at

19 comments:

  1. madmaxMarch 25, 2008 at 8:32 AM

    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!

    ReplyDelete
  2. Stocks100March 25, 2008 at 8:41 AM

    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

    ReplyDelete
  3. Troy HouseMarch 25, 2008 at 8:47 AM

    Looks like Solars are back.....

    ReplyDelete
  4. Stocks100March 25, 2008 at 8:50 AM

    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

    ReplyDelete
  5. DougMarch 25, 2008 at 8:55 AM

    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.

    ReplyDelete
  6. Stocks100March 25, 2008 at 8:58 AM

    Hi Doug,

    Trading & locking profit is always a good idea.....

    Good luck on your current portfolio ...I only follow RIMM .....

    Saleem

    ReplyDelete
  7. DougMarch 25, 2008 at 11:21 AM

    Saleem,
    do you have a target for RIMM to sell at? Thanks.

    ReplyDelete
  8. madmaxMarch 25, 2008 at 11:31 AM

    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

    ReplyDelete
  9. Stocks100March 25, 2008 at 11:33 AM

    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

    ReplyDelete
  10. DougMarch 25, 2008 at 11:38 AM

    Thanks to Mad and Saleem for kind and timely responses. I will hold RIMM. THanks so much guys...

    ReplyDelete
  11. DougMarch 25, 2008 at 11:38 AM

    Thanks to Mad and Saleem for kind and timely responses. I will hold RIMM. THanks so much guys...

    ReplyDelete
  12. madmaxMarch 25, 2008 at 11:45 AM

    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

    ReplyDelete
  13. Stocks100March 25, 2008 at 11:53 AM

    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

    ReplyDelete
  14. madmaxMarch 25, 2008 at 12:06 PM

    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

    ReplyDelete
  15. Stocks100March 25, 2008 at 12:16 PM

    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

    ReplyDelete
  16. DougMarch 25, 2008 at 1:07 PM

    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".

    ReplyDelete
  17. Stocks100March 25, 2008 at 1:35 PM

    Hi Doug,

    You are doing the right thing...trading & locking profit.

    Your portfolio looks good to me.

    Saleem

    ReplyDelete
  18. minaccessMarch 25, 2008 at 2:04 PM

    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.

    ReplyDelete
  19. Stocks100March 25, 2008 at 3:02 PM

    Hi Minaccess,

    Your portfolio is showing good tape action .....

    Nice expanded portfolio !!!

    Saleem

    ReplyDelete