Markets are extremely comfortable with economy and its trendline.....
GDP was confirming slowing economy NOT a recession......
Fed action IS being anticipated by markets and has been discounted....
In my portfolio :
Added 10% more EGO cost went down to $7.00....
Sold NTES and booked 93 cents per share profit.....RSI has reached highest level of 76.55 means overbought for now......will re-enter later.....
Doubled my position in RIMM cost went down to $126.08
My portfolio is EGO,RIMM,TSO,TOL...
EGO UP 7 cents
RIMM down $1.59
TSO down 59 cents
TOL down 16 cents
@11.36 AM the following are green :
FSLR (good ER & guidance),V,JASO,AAPL,SNDK,TSL,QLD,POT,ICE,
CTRP,MA,BIDU,NMX,TKC,SPWR,GOOG,CSIQ,ISRG,SNDA,STP,X,
SINA,AGU,MON,MOS.....
BLOG does NOT give buy or sell.
Saleem
15 comments:
Saleem,
Thanks for your advice on MOS. You were right, MOS bounced back this morning and I sold it at 123 for a lost of 9 bucks. I think on the long term AG will back up but it seems on the correction right now. It is better not to fight with the tape as you advised.
I followed your blog for several months and did gain on several trades but sometimes you moved very fast and I did not catch it and did not book a gain before I saw my profit vanished and got into lost. For examples: I bought ICO at 8.45 and it went instant to 9.45 but I did not book a gain and now it went below my cost basis.
Learning how to book a gain and a lost is not easy but I believe you will be a good leader to follow.
Thanks again for your help.
Michael
Hi Michael,
Thanks for your note.
I am glad that you recouped some of your loss from MOS.
Locking profit takes discipline and not worrying where the stocks may go....
Greed & Fear are two extreme which we have to worry all the time....
I do not fight for the last $ ever...
Just look @ NTES today..based on TA/RSI ..I sold...and is heading lower now....
ICO ..you may get your money & then some.....ICO also was overbought.....
I am glad that you do get some ideas to trade from my BLOG.
Good luck with your trading.
Saleem
Hi,
just sold NTES and V. 22.20 and 83.06.WANT to buy back. waht is good entry or waite for tomorrow.
thanxs.
Hi,
just sold NTES and V. 22.20 and 83.06.WANT to buy back. waht is good entry or waite for tomorrow.
thanxs.
Hi,
just sold NTES and V. 22.20 and 83.06.WANT to buy back. waht is good entry or waite for tomorrow.
thanxs.
DS
I like NTES here:
Here is why:
Price Support Pivot Point Resistance
22.30 21.01 22.08 23.15
So at the current price of $22 it is a bargin, IMHO.
Sharpcharts provides a target of $33, which is high except for a long term play
Good Luck in your decision
Madmax
Saleem,
I followed your lead on V and bought it before ER at 74.5 but it tanked after ER so when it backed up, I sold it too early for 75.5. I wished I could wait a little longer for your sell signal.
Michael
LDK owner Peng setting up new company for Thin film solar, it should benefit LDK big time:
http://seekingalpha.com/article/74815-update-on-ldk-solar-applied-materials-thin-film-deal?source=etrade
Hi Ds,
V is market driven....so can stay in overbought for a while....
NTES in low $21 is a good entry point....
Saleem
Hi Michael,
V...you made money ..that IS the important point.
Selling & booking profit is always tough.....i have missed many $ also.
Saleem
SALEEM and Bloggers:
As expected, the Federal Open Market Committee cut the fed funds rate by 25bps to 2.00 percent – the lowest since November 2004 – which brings the grand total of rate cuts since last September to 325bps. However, the FOMC also signaled that may be nearing the end of the rate cut cycle. There was little doubt the rocketing commodity prices were creating substantial upside inflation risks, but the recent uptick in core CPI – which excludes these factors – was enough to make the FOMC’s inflation hawks uncomfortable. In fact, FOMC members Richard Fisher and Charles Plosser, who have both issued hawkish commentary over the past month, dissented and “preferred no change in the target for the federal funds rate.”
bought more V @ 81.95, lets see how it pans out, building position for long term
Hi Troy,
You are adding V based on your conviction....which IS a good way to invest......
For me everything has become a trade....
Saleem
Saleem,
Glad to see that everything is a trade for you. I would like to have that kinda of discipline. Maybe someday I will. My greed takes hold whenever I get green. I've missed 10's of thousands some weeks due to not pressing the button soon enough. Oh well, I'm learning some good things from your blog. Thanks!
Hi Standards,
I have learned the important lesson of trading...the hard way!!!
I used to believe every analyst target/upgrade like religion...then I realized that when they upgrade they are selling and when they downgrade they are buying????
A lesson ..I have promised NOT to forget....
I am glad that you are taking note of this CHANGE because of my disciplined approach to lock the-profit mentality !!!
Saleem
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