Markets closed @ absolute High of the day on all indices......Never seen that before !!!
Up volume was leading by over 19 to 1 on NYSE & over 12 to 1 on NASDAQ...one of the best UP lead I have seen.......
Looks like it IS a start of something BIG.......
My portfolio was UP 6.39%...nice change from series of losses !!!!
In my portfolio :
CSIQ rating 95/95 target $22.83
CMED rating 100/45 target $41.98
NVDA rating 70/90 target $23.29
RIMM rating 35/45 target $114.72
TOL rating 45/45 target $22.41
In other stocks :
JNPR rating 30/45 target $26.52
BRCM rating 55/85 target $19.54
Most stocks were UP including ISRG,GS,MA,FSLR,ICE,NMX,NYX,GOOG,YHOO,
FMCN,AGU,POT,MOS,AAPL,DRYS,FWLT,TSO,VLO,GRMN........
BLOG does NOT give buy or sell.
Saleem
18 comments:
Hi Saleem,
Did you see the earnings report on FMCN? Undervalued and great momentum as we head toward the Olympics.$$$$$
Good luck tomorrow!
Ken
Hi Ken,
Nice to see your note.
FMCN almost recovered its loss from yesterday in AH.
Good luck to you.
Saleem
Saleem,
The close, it was amazing. I am so glad I stayed in all positions. Talk soon.
This huge oversold market may have finally hit bottom, Jim Cramer told viewers of his "Mad Money" TV show Tuesday.
"Last Tuesday's rally was not the bottom of this market," he said, "but today's rally was." Cramer cited several reasons why he now feels the markets has finally reached a sustainable bottom.
Saleem,
Looks like I missed all the fun $$$.
No recession found in the Tampa Florida area. Plenty of new condo building going on. Traffic galore. Avis says its so busy they no longer give discounts on rentals. The beach was crowded, people everywhere, no parking spaces to be found. Lots of small ranch homes for sale away from the beach, but no takers at $500k. I'll let you know when I find that recession everyone is talking about. Hope everyone made some $$$$ on that rally.
Hi Doug,
Sometimes one has to follow instincts.
Yes..it was "mother of all rally"
Saleem
Hi Troy,
Jim Cramer has called bottom many times in the last 3 months....
As we all KNOW....he is NEVER wrong even when he IS wrong every 10 minutes.
Jim IS a great contrary indicator 99% of the time.
Saleem
Hi Standards,
Thanks for your Tampa report.....
$500K homes NOT selling....I am not surprised.
It IS definitely NOT as bad as headlines make you believe....
92% of mortgages are NOT in default.
Yes....most investors/traders had a very good day.....
I am sure you will be pleased with the increase in your net worth after close.
Saleem
Saleem,
I got so head faked this morning. LOL. I sold my QLD for less than the close last night and now its up over $70. Duh! You just have to wonder if the smart money orchestrated pick pocketing folks like that this morning. Oh well. At least MA is off to the races again. Good luck today.
SALEEM
Good Morning
What is yor opinion of LDK, I am so confused as to hold or sell. I hate to take the loss but I have lsot my conviction
Comments appreciated
thanks my friend
M
Hi Doug,
Welcome to the land of SHARKS....
@ least you had gain.....
Saleem
Hi Madmax,
LDK will trade near this area until things clears up in terms of convertible & margin for next 2 Q.
Saleem
SALEEM
thanks for the come back nad opinion.
I still can not make up the mind
I wish we had a crystal ball!! smile
I will make up the mind next week
I hate buying high and selling low
M
Hi Saleem,
Sold MA near high of the day, so far high anyway. Turned out to be a great trade. Yes I did make a good trade with QLD and thanks for that, as you recommended! I am sitting on 1,500 shares of HCBK and I am going to hold as I think it will go much higher over the next few days. Now I will be patient and watch for entries maybe on index ETF but also watching BIDU, to see if it hits $238 again. If it does, I may buy. If you have any ideas, please let me know. Thanks again.
Hi Doug,
Great trade on MA......
All your hard work IS giving you serious $ NOW.......
Take a look @ FSLR,ISRG & DUG in your mix of favourites.
Saleem
Saleem,
I went ahead and took a partial position in MA again @ $209.45. If it goes down further, I will add. We will see if it was a good idea or not. Best wishes today to the board!!!
DOUG
YOU are making some big $$$$$$$$$$
Great
I am thinking that we will close green today
Good Luck
Look at GS for a MOMO play
M
Saleem,
All the up and down today feels like MM's wanting in bad. So they do a little scare selling and then buy twice as much as they sold. Rinse and repeat. LOL. I agree that the day ends green.
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