Market are showing resiliency again....in spite of bad news from AA, AMD & softer housing data...
Market is looking beyond "current news item"......
Solar stocks also found their footing again today......
LDK announced some details of their "much anticipated convertible"
LDK is saying $300 million in convertible ...purpose 50% to buyback shares???
LDK has not given other details like "over subscription ratio,interest rate or the convertible price"
Investment bankers will support LDK stock price till completion of a favourable terms.....
LDK conversion stock price & interest rate are the critical info ..which will dictate "near term stock movement"imho
In my portfolio :
BRCM down 19 cents
ESLR UP 30 cents
RIMM UP $2.78
SEED down 12 cents
SOLF UP 6 cents
TOL down 78 cents
@11.21 AM the following are green :
POT,V,MA,GS,CSIQ,TSL,SNDK,VMW,SOHU,ICE,BIDU,
NYX,NMX,SPWR,ISRG,DRYS,NTRI,SWIR......
BLOG does NOT give buy or sell.
Saleem
4 comments:
SALEEM
Stocks seen to want to go down today
Volume is not that big either
Have a good one
Madmax
Hi Saleem,
I sold 2/3 of my CAT today. It reduced my exposure in case the market drifts lower. I will have cash to add to my positions now. I feel better having sold. I know that you have said many times that it is better to be comfortable with what you have on the table... Still hoping for some green this week. The stocks I'm in are wanting to go up. They just need a little encouragement from the market.
Hi Madmax,
Markets are trying to digest fed minutes......
Close should be more telling of the strength of tape.
Saleem
Hi Doug,
IF you do not feel comfortable...then your INNER voice IS telling you to CORRECT that feeling......
You did just that......
Optimizing & effective use of $$ is very critical to feel comfortable & make money....
I am glad you did the right thing....
It is NOT important to be right most of the time....but comfort level is more CRITICAL....
Saleem
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