Markets ran scared after Oil came close to $130???
PPI came hotter than expected????
All of the above is shaking the confidence of consumers & investors.......
Consumer are paying through the nose for gasoline and all consumer items in grocery stores.....
Markets pulled back after hitting highest level since march retest....
Markets are testing "support" NOW......
We should be able to resume our uptrend after finding support.......
About OIL......we are getting into a "blowoff stage"where prices will peak very soon......
In my portfolio :
NTES rating 40/45 target $26.45...NTES reports after close wed..consensus estimate is Sales $82.26 million and EPS of 31 cents...expecting a BEAT on both and looking for guidance higher than consensus...NTES currently trades @ 18.43 PE @ Tuesday's close.....of $24.14 !!!
RIMM rating 40/30 rated for a "breakout" @ $143.81 for a target of $158.60....
SOL No TA....slight pullback today after huge runup to series of all-time highs.....
V No TA.....Behaved well in a slumping market.....
Strong stocks were AAPL,BIDU,FSLR,CSIQ,LDK,ABX,GG,X,POT......
SOLF reports before OPEN consensus 15 cents......they have already warned for Q 1 and margin pressure for 08....should be an easy BEAT..Q2 expectations is 14 cents...should be able to guide higher than that....Good ER will boost all solar stocks......Solar is very much in vogue these days!!!
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi salim,
OIL is going higher and higher, why ????CNBC is responsible for this mess. OPEC says we have enough oil, cnbc guest says we do not?????To whom you should believe cnbc guest or opec????
CPST, BBI, OPTV CPSL cheap stock.Do you think time to buy ???I do ot have position.
Hi Ds,
Markets should be fine as of today's close.
Not familiar with any of the stocks you listed.
Oil is getting toppy !!!
Saleem
Saleem,
Yes I agree with you, Oil is getting toppy, It's shot up like a rocket since last fall. Do you remember when silver hit $50 per ounce? Everything breaks down sometime. V has lost all the $44 IPO players at $88. Now new players have moved in at $80 forming a new base. I expect V to start moving up again soon.
Best Regards
Hi Standards,
Yes...i do remember silver @ $50...I cashed all my silver coins..
V has build a nice base ...will run in a hurry !!!!
Oil...when everyone is sure it is going to $150......then it will come down and look for support around $110 area....
Saleem
Hi, I think time to buy LDK. I am i today.
SALEEM
Good Day my friend
Looking at buying some FCX and maybe CHK for nat gas play
Sold my NYX at 8% loss no use holding a loser for to long
Have a good one
Hi Ds,
Yes...LDK looking very strong!!!
Good move $$$$
Saleem
Hi Madmax,
Taking loss should NEVER be an issue.....
Nobody bats 100%....if we can pick 60% winners...we are ahead of the game.
Good luck with Nat gas buys.
Saleem
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