GE ER & worse consumer confidence numbers in 26 years gave markets "nose bleed"
NASDAQ was the biggest loser......
The only saving grace was that the volume was low......
Decliners were leading by 4 to1 on NASDAQ & by 3.48 to 1 on NYSE......
Declining volume was even more lopsided.... from almost 8 to 1 on NASDAQ to more than 9 to 1 on NYSE......
In my portfolio :
Sold BRCM @ loss of 15 cents per share.....
Sold ESLR @ loss of $1.20 per share......
Bought AAPL twice my cost $149.08
My portfolio is...AAPL,ICO,RIMM,SEED,TOL....
AAPL rating 40/80 target $155.60
ICO rating 45/30 rated for a "breakout" @ $7.12 for a target of $7.72
RIMM rating 50/80 target $126.65
SEED rating 40/85 target $6.96
TOL rating 65/70 target $26.13
In other stocks :
JASO rating 0/30 target $22.62
BRCM rating 35/30 target $21.80
Strong stocks were TSL,SPWR,CSIQ,POT,FMCN,DUG......
10 AM Saturday...I will post a list of technically weak/strong and buy rated stocks....
BLOG does NOT give buy or sell.
Saleem
2 comments:
AAPL , looks dangerous .Little down side result , may see below 110.I think c, jpm, leh, mf, looks good, considering down side risk. What is your opinion.??I sold hogs, pal.
Hi Ds,
When markets are weak everything goes down...
Analyst are pumping AAPL all the time.......
AAPL ..is for a trade.....
Financials had their run already..they need to build a base.
This IS a tough market..so you need @ least 5 stocks in your portfolio...so you can trade few all the time.....
That IS what I am trying to do with mixed result...
Good luck with your strategy...your idea is as good as anybodys....
If it IS working ....then you have a winning formulae.
Saleem
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