Markets are trying to digest too many good news too fast......
Job data was expected to lose 70,000 jobs..but came in @ 20,000
Fed injected more funds in the system to ease tightening of credit.....
The news came so fast & so quick that markets is taking a "digestive mode right now & not running away to celeberate"
Gold UP
Oil UP
US$ UP
In my portfolio :
Bought PMCS cost $7.81
Portfolio now is EGO,PMCS,RIMM,TSO,TOL.....
EGO UP 10 cents cc starts @ 11.30AM
PMCS down 2 cents....I am down 11 cents
RIMM UP $3.21
TSO down 25 cents
TOL UP 23 cents
@11.25 the following are green :
NTES,SOL,POT,C,LDK,ICE,YHOO,CCJ,IGT,JRCC,CTRP(new high),
LVS,SOHU(new high),NMX,SPWR,FSLR,SNE,IFN,DRYS,SAY,GS,
CMED,X.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Saleem,
Would you please give comment on the CC of EGO? It is down while Gold is up. Thanks.
Michael
Hi Michael,
CC of EGO was fine.....
Gold stocks are down in PM...like AUY...
EGO target by analyst is around $9.
EGO FA is very strong.
I am staying put.
Saleem
Hi Saleem,
Thanks for your comment and thanks for your pick on Rimm. I followed your lead and bought it at $124, a little bit early before it tanked to 120s. I sold it too early at $127. Once again, I moved before your sale signal but I appreciate your pick and helping me to recoup some $$ that I lost over the last 6 months.
Thanks for your help to beat MM.
Michael
Hi Michael,
I am glad that you bought & sold RIMM & locked profit.
It is small trades which brings big returns in a year.
Days of buy & hold are history.
Saleem
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