GE missed by 7 cents ......
GE is down 10% so far & heading towards 52 week low....
Almost 3.5 million share traded by 745am........
Futures are lower by 12 points on NASDAQ......
GE has NOT performed well for the last 10 years.....barely meeting estimates......
GE is NOT a growth company @ all......
Finance 5 cent miss & health care division 1 cent miss did not perform..and another 1 cent miss everywhere...NOT a mark of company which IS being managed well???
I see the opening & pre-market weakness as a buying opportunity in an oversold market.....
I will be adding to my portfolio today either in what I already own or something new...depends on price attractiveness !!!!
Day to day gyrations should NOT ruffle investors or traders who have more than 5 minutes time horizon......
This is a clear "add on weakness MOMENT"
BLOG does NOT give buy or sell.
Saleem
8 comments:
SALEEM
LDK breakout!!!!!!!!!!
GS is still being beaten down
Grrrrr...
Have a great day my friend
ESLR is green, now I wnat to see TOL turn green
M
Hi Madmax,
Things ARE looking UP for you !!!
Saleem
SALEEM
YOU are truly a GREAT optomist.
I really enjoy and respect your opinion. I find you to be so helpful and thoughtfull of others need
I go on my 1st vacation since I had cancer last year and it is past due!
We go for a crusie for 6 days in Caribbean be back on 4-19
thanks for all you do
M
SALEEM
AG News from IBD:
DuPont boosts outlook on ag sales
The chemical maker hiked its Q1 EPS guidance to about $1.29 vs. its earlier outlook of $1.14-$1.19 and views of $1.17. DuPont cited strong growth in its agriculture businesses and rapid growth in emerging markets. That offset weakness in the U.S. construction and automotive markets. DuPont said it sees Q2 EPS of $1.05, below views of $1.12. It also raised the lower end of its ’08 EPS guidance by a nickel and now expects $3.40-$3.55 vs. estimates of $3.45. Shares rose 1.2% to 49.64.
Hi Madmax,
Appreciate your comments.....
Life IS what we all work towards....
UPS & DOWNS are part of our daily challenges.....either we deal with them with "chin UP" or ALLOW it to DROWN us......
Enjoy your trip.....cruise IS fun...never a dull moment.
Saleem
Solars are up due to this, from briefing:
09:58 Color on relative strength in the solar stocks
After gapping down at the open, a number of solar stocks have reversed and are now showing relative strength (LDK, SOLF, SPWR, FSLR, CSUN, CSIQ). We're hearing Piper Jaffray was out with a call saying to buy solar names based on changing sentiment on likelihood of House passing Solar initiative.
SALEEM
IBD big money flowing:
UP market
on unusually high volume. Learn More about Stocks On The Move.
4/11/2008 Updating...
Stock
Symbol Company
Name Stock
Price Price
Chg. Vol
% Chg. Research Tools
CLR Continental Res Inc 37.00 +1.41 +1,048
FAST Fastenal Co 50.48 +2.73 +822
EXAC Exactech Inc 27.78 +0.98 +532
ATLS Atlas America Inc 65.91 +2.25 +269
SPWR Sunpower Corp 87.75 +0.56 +104
AGM Federal Agric Mtg Cl C 29.43 +0.60 +61
SYT Syngenta Ag Adr 60.36 +0.68 +58
MON Monsanto Co 121.00 +0.73 +51
MUR Murphy Oil Corp 85.94 +0.65 +22
DOWN In PRICE:
General Electric Co 32.52 -4.23 +2,075
OMAB Grupo Aero Cent Nort Ads 22.46 -0.82 +1,496
SAP S A P Ag Adr 52.27 -0.53 +874
AVY Avery Dennison Corp 49.26 -1.94 +539
ANF Abercrombie & Fitch Co 71.89 -2.12 +532
PAC Grupo Aero Del Pac Ads 42.74 -2.89 +491
HLF Herbalife Ltd 46.31 -2.29 +488
VAR Varian Medical Systems 47.21 -3.10 +445
MTL Mechel Oao Ads 145.00 -6.50 +443
PHG Koninklijke Philips Elec 36.81 -1.56 +422
POWL Powell Industries Inc 41.51 -0.62 +355
ISRG Intuitive Surgical Inc 340.50 -13.38 +337
WHR Whirlpool Corp 82.10 -3.11 +312
CALM Cal-Maine Foods Inc 26.77 -1.42 +285
VAL Valspar Corp 21.29 -0.76 +245
IDXX Idexx Laboratories Inc 49.97 -0.64 +239
LAYN Layne Christensen Co 42.23 -1.08 +237
SPTN Spartan Stores Inc 18.98 -0.61 +224
SII Smith International 68.50 -1.52 +218
MR Mindray Medical Intl Ads 33.78 -0.72 +208
SALEEM]
Further proof that AG's are far form dead money:
IBD Chart Analysis
IBD Stock Checkup Analysis
Daily Stock Analysis Archives
DAILY STOCK
ANALYSISPrinter Version
Thursday, April 10, 2008
Agrium Inc
Focus on leading stocks in leading groups. Although the Chemicals-Fertilizers group is no longer the No. 1 group among the 197 industries tracked by IBD, it’s still near the top of the heap. One of the biggest firms in the group is Agrium, (AGU) which produces nitrogen, phosphate and potash fertilizers.
Agrium gapped up and hit a record high of 76.14 during the week ended Dec. 28 (Point 1). It then tumbled on some of the heaviest volume in years (Point 2), part of that harsh broad-market sell-off we saw in January. The fertilizer maker’s 40-week moving average stemmed the decline (Point 3) and the stock soon started building the right side of what would become an eight-week cup base. Despite some accumulation in the structure, the breakout in the week ended Feb. 29 only took the stock a hair above its December peak (Point 4). Agrium has since settled back, and now in in the sixth week of a new cup-shaped base. Since the prior breakout resulted in a gain of less than 20%, the current formation is a base-on-base pattern.
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