Markets were rolling along nicely.....until SNDK CEO came up with a new excuse of bringing the expectations down......
SNDK CEO said due to higher gas prices.....his FLASH memory sales will be affected...the rest is history today.....
NASDAQ tanked on that news and closed down almost 13.....
In my portfolio :
SOLD SOL and booked a profit of $3.12 per share....
SOLD TOL and booked a profit of 58 cents per share....
Bought 40% more NTES...my cost went down to $23.81
Bought SOL cost $27.52....
My portfolio is NTES,RIMM,SOL,V.....
NTES rating 45/75 target $26.24
RIMM rating 5/30 rated for a BREAKOUT @ $143.60 for a target of $157.30
SOL..No TA...went to another all-time HIGH.....on 8.7 million shares
V..No TA...closed Green while MA was down $3.40 ..good contrary indicator !!!!
Folowing stocks were strong LDK,SOLF,BIDU,CMED,ABX,ACH......
AH NCTY came up with a BEAT on both top & bottom line...UP almost $3.....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Saleem,
Congrats on the nice profits. With the price of gas, more people are going to be using the plastic to stretch their payments V. Price inflation is accelerating in Atlanta. Staple prices moving up rapidly. Less auto traffic than usual, means lower retail sales. Restaurants are suffering. I'm experiencing price shopping by possible clients. Not too crazy about todays market action.
Best Regards.
Good Morning Saleem
SOL is down
Boo hiss
M
Hi Standard,
Thanks for your pulse of the economy.
Consumers are hurting big time in Canada also....Paid $5.14 US gln for premium gas.....
Canola oil is UP 50%.....bread UP 25%......
Family budget is being stretched by 25% overall......
Yes plastics will be used in overdrive..as it is a smart way to stretch the cash flow.
Saleem
Hi Madmax,
SOL is doing wy better than most stocks on NYSE...down a measly 22 cents......
Conviction is very important or else one CAN get depressed on every downtick.....
SOL is a $35 stock in my book $$$
Saleem
SALEEM
THanks for the uplifting comments, CNBC can paint a lousy picture!
I do hope that we do not get another distribution day is so that would be 4 in less than 16 days, not a good sign.
Still got me NTES, Vias and SOL at $27. I may buy more today if price drops, as oil is up again today! SO the reason for the solar action is still in play--oil is high and going higher!
Hi Madmax,
As I have said many times...i do not pay much attention to the markets but pay a whole lot of attention to each stocks.
Markets go UP and markets go DOWN...it just give me a chance to either BUY or SELL.....
Markets being WEAK is a good thing..it gives a chance to buy on the CHEAP.....
Saleem
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