Markets ran UP on major improvement in sentiments towards financials.....
Financials were among the best movers including LEH,C,GS,MA...
Today was a broadbased rally where Techs,Home builders,Retails also participated.....
Lot of traders were getting ready to write this rally off based on past history......
It will be a mistake to take a position against the positive fundamentals of this rally...technically also this rally has gone through resistance on all indices...so there IS a FAIR chance of this rally going "further UP"
If your portfolio did NOT match the return of NASDAQ as minimum...then you need to re-evaluate the wisdom of keeping certain stocks.....unless you are absolutely convinced as to WHY...
In my portfolio :
BRCM rating 45/30 target $22.81
EGO rating 45/70 target $7.63
PIR rating 40/30 rated for a "breakout" @ $6.90 for a target of $7.95
RIMM rating 5/30 target $125.11...reports AH wed...expect in-line Q with higher guidance !!!
TOL rating 25/30 "confirmed breakout @ $24.41" target $26.87
In other stocks :
JNPR rating 45/40 target $26.74
COIN rating 45/85 target $11.83
Strong stocks were ISRG,GOOG,BIDU,X,QLD,AAPL,GS,LULU(reports before open),
FSLR,ICE,SOHU,NYX,NMX,ACH,LFC......
BLOG does NOT give buy or sell.
Saleem
21 comments:
Saleem,
Here we are at 12.6k again. Will the dark side sell into this buying? Will it be sold down again and again? Did all the shrimp longs get up on the buy side of the bed this morning? Doubt it. For a move like this, the whales are stirring to life. Bottom feeding perhaps? Time will tell.
Hi Standards,
Higher lows & higher highs IS what we are looking @...hopefully !!!
I think we have discounted "deep recession already"
Saleem
Hopefully a soft open that can turn into a green day. Maybe one of those soft open days that can mutate into a green day!!! Saleem, are you still planning on holding RIMM through the ER? If so, are you looking for a sell point in the AH session or holding beyond? I appreciate any insight you can give me as to your strategy for handling RIMM, again. LOL...
Hi Doug,
Now that RIMM has crossed first resistance of $116.52...next IS $125.11....then $134.83.....
As our cost on RIMM are same...I am as nervous as you.....
I just have to see where RIMM goes during the day.......
I am still convinced that holding RIMM will be a better strategy as they will guide UP...hopefully!!!
If I decide to sell @ any stage...I will tell you first....
But...as I said before....you should go with your own hunch of trading RIMM...you are pretty good in catching the swing in most stocks...I am NOT very good @ it ...
I am either all IN or all OUT....
Saleem
You are better than me in all things regarding stocks, but thanks for recognizing my occasional luck. I am thinking $122 sell, hopefully small intra day test and re buy @ around $118, for the run up to $130. Yeh Baby!!! LOL. That would be a nice dream come true. I am looking at ASIA, JASO and SOHU this morning Saleem. If you were to pick one of those 3, which is first? I know that you know all of those well, so thanks for your take.
Hi Doug,
OK...I will sell RIMM @ $122 also & the try to do a Doug re-entry @ $118.....
As far as your question.....
JASO is "the superstar of all Chinese Solar" rated as buy by Lazard......so that IS my #1 pick
SOHU will be my #2 "based on huge move yesterday"
ASIA..I will leave it alone.....
IF I was entering these positions...I will put 50/50 $ in each.........
Saleem
Saleem,
I really like your idea of equal dollars into both JASO and SOHU. That is great advice and a very sound strategy. I like it. I am going to adopt that strategy as my own today!!! LOL. Seriously, thanks for the suggestion to buy both equally weighted. I feel comfortable with that. Ok my day is planned. Thanks again. I am RIMM, KSU, IIVI. (sold CPST and YTEC for small gains). KSU and IIVI are small positions, two kind of safer trades given RR and Defense/medical. It seems like in these uncertain times, these type of stocks go up more on red days and then lay around on green days. Kind of a nice hedge? LOL...
Hi Doug,
No matter which stock you have...try to have strong ones....i would suggest you FOCUS on making BIG $$$ instead of hedge...
Days of being afraid & hedge is over...just normal UP & DOWN NOW....
Put your $ to work in"best possible ideas" NOT so so....that will be a waste of equity....
Mindset need to be adjusted based on tape & market conditions....
My 2 cents !!!
Saleem
Thanks for your thoughts Saleem. I do agree with you that mindset is changing to the upside! I will be putting decent money to work today with JASO and SOHU, so that will help, and RIMM, wow, looking good! LOL. Best wishes today.
Hi Saleem and Doug. RIMM is sure tricky here and I have a good stake. I hear options point to a 130-140 open tomorrow if they beat and/or guide higher. So expect the same result, but downward, if they miss. I am holding all my shares.
Hi Minaccess,
Thanks for your take on RIMM.
I am personally convinced that RIMM will guide higher.....
There IS a chance that their revenue MAY miss the consensus by small amount.....
I am trying to assess if slight consensus rev miss & guide higher will play out???
Saleem
JASO & TSL both looking good today...!!
Hi Troy,
You will be happy to know that I bought JASO this AM....technically it IS the strongest Chinese Solar..imho
Saleem
Saleem,
I would have bought JASO in pre market but my scottrade account was down. I did buy @ $19.27. Best I could do. I have a limit order in to sell RIMM @ $122.05. Good luck today.
Hi Doug,
JASO IS "supersweet to me already"
Paid an incredible price of $18.77...1 cent above LOW of the day...
Intuition 101 told me to place a limit order @ $18.77 & WAIT....
Normally i am a Market order @ open type of trader....
JASO was my best fill for 2008 !!!!
Saleem
Congrats my friend!!! We gotta love em when the timing starts em off so sweet, you just know that the wind is to your back to start the morning. LOL. Best wishes today with all the rest...
SALEEM
Way to play JASO--Great price
I will hold RIMM here
Lets see how it plays out
I appreciate your concern about ER!
Please post your sale if you do sell
and I will follow--LOL
Have a great day.
MY CMED has broken out. GS is blasting up! LDK is showing interest by buyers.
BIDU is very strong
Good Luck to all of you.
Madmax
Hi Madmax,
I am glad that your stocks are flying.
Yes....I will post if I sell RIMM..
You should follow your own strategy in buy & sell decisions.
Saleem
SALEEM
Did any one get soem QQQQ or QLD:
I am still holding 300 shares of QLD
Gosh, it is so GOOD to finally have $$$$.
The target for QLD is $91. Do not think that I will hold it that long!
Saleem any thoughts about CMED break out??
thanks my Friend
M
Saleem, JASO has always made money for me, I had been in & out JASO right from 14/-
Good luck to you and everyone...!!
Lets all make some green on green stocks...!!
Guys also check out TSL, signed a long term poly contract today and its looking good...!!
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