Markets are behaving in a predictable fashion.....
Down hard on bad news but starts recovery in 100 minutes......Not bad for a recovering markets......
Lot of money IS lost when focus on predicting the market & NOT locking profit.......
In My portfolio :
SOLD DUG..booked $1.25 per share profit..that is 3.2% in 2 hour of trade
SOLD EGO booked 25 cents per share profit..that is 3.5% in 2 hour of trade
Bought QQQQ my cost $41.90
My portfolio is :
CSIQ,CMED,RIMM & QQQQ
CSIQ down 46 cents
CMED down 23 cents
RIMM down 74 cents
QQQQ down 33 cents but I am UP 48 cents
@ 11.21 the following are green :
LDK(found support),NVDA(found support),CTRN,TOL,POT,
AUY,ABX.
BLOG does NOT give buy or sell.
Saleem
13 comments:
sold MA for 1.25 gain. sitting on sidelines for a minute. LOL. Need to catch my breath!!!
Hi Doug,
See...you CAN do it $$$$$
Great moves !!!
Saleem
bought JASO @ 14.15, it also got 3 upgrades today... lets see how it turns out...!!
Hi Troy,
LDK is green for you & first time it IS behaving better than market...
JASO is overbought currently....
Good luck with both !!!
Saleem
Saleem, JASO will be easy double from here once the market/solar turns around...but I have also put a tight stop if market/sector tanks for any reason...
One thing I have learned is patience is key in this kind of market....
SALEEM
the market has turned GREEN
COIN , RIMM and GS are blasting up
Even DSX has gotten off it butt.
M
Hi Madmax,
Yes...green IS the colour !!!!
I sold QQQQ for profit and bought NVDA which is also giving me much needed dough !!!
Not a day to complain @ all !!!
Saleem
LDK Solar Announces Near Sellout of Wafer Capacity for 2008 and 2009;
Comments on Its Environmental Practices
XINYU CITY, China and SUNNYVALE, Calif., Mar 13, 2008 /PRNewswire via COMTEX News Network/ -- XINYU CITY, China and SUNNYVALE, Calif., March 13 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, announced today that based upon its current backlog of contracts, it has almost sold out 100% of its solar wafer capacity for 2008 and has sold more than 90% of its solar wafer capacity for 2009. The long-term nature of its contracts enhances LDK's visibility for its business.
In preparation for the growth of its 2008 wafer production and as noted on its fourth quarter conference call, LDK increased its inventory to $380 million at the end of 2007. Inventory in transit represented the most significant portion of the increase, growing from 263 MT to 752 MT during the quarter as the Company purchased silicon material from around the globe. Approximately 8%, or $30 million, of LDK's inventory at year end was classified from an accounting perspective as non-current due to the expectation that these materials would be consumed over a period longer than one year. The materials included in the non-current category represent usable silicon materials, which, due to the current virgin polysilicon shortage can only be used and blended in smaller quantities. The Company expects that the blending ratios of the non-current inventory will significantly change, increasing consumption of the non-current inventory as LDK Solar ramps production of its own polysilicon, and as more virgin polysilicon and higher resistivity feedstock become available. The higher inventory balance is an important factor in present and future cost reduction strategies at LDK Solar.
Additionally, LDK commented on its environmental practices. LDK maintains strong environmentally responsible standards across the Company. LDK is committed to building and operating safe and environmentally friendly polysilicon plants. In its state-of the-art polysilicon plants, currently under construction, the Company is implementing the latest proven Western technology for recycling. The plants will utilize a vent recovery system that will recycle and convert silicon tetrachloride (STC) back to Trichlorosilane (TCS) for consumption in the production process. Once completed, LDK's plants will have a fully closed loop system where the majority of the potential waste (STC) will be recycled.
Saleem, LDK going higher, you planning to re buy it?
Hi Troy,
LDK is definitely looking good as I identified in my BLOG this AM...found support....
Today LDK is getting short covering as it made double bottom today @ $19.64...
A perfect cup & handle formation...
I will wait about a week for re-entry....hopefully !!!
Great day for all current LDK holders..biggest move UP in a long time $$$$
Saleem
TROY
thanks for the LDK up date
I was looking for the reason it POPED
thanks pardner
M
Hi Saleem. I got lucky and sold DXD near it's highs. I then bought DXPE and FCSX. I also own AUY, UPL and bought CDE in the early am. It was a very nice reversal today with much higher volume than yesterdy's drop. Hopefully a good sign for future stock moves.
Hi Minaccess,
Nice to see that you were able to navigate with DXD near high.
I alway's give my take on markets to help traders with different strategies.....
Today was triple bottom/confirmation that we have seen the LOWS.....
Saleem
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