Thursday, May 22, 2008

Market trying to regain footing !!!!

All indices are green so far.......

Markets are certainly oversold NOW........

We may see a gradual move UP......

In my portfolio :

Sold NTES booked a loss of 80 cents per share....

Bought AAPL my cost $180.87... as it was showing strong tape vs marking time with NTES..

My portfolio is AAPL,PMCS,RIMM,SOL,V.....

AAPL UP $1.16..I am down $1.52

PMCS Down 25 cents

RIMM down $3.00

SOL down $2.70

V down $3.30

@11.38 AM the following are green :

ESLR,WFR,POT,C,TKC,CTRN,JRCC,WYNN,NMX,VLO,
SNE,AMZN,SINA,X...

BLOG does NOT give buy or sell.

Saleem
at

13 comments:

  1. dslnbullMay 22, 2008 at 9:19 AM

    Hi, salim
    market is in dagerous mode. I am out from all stock. PL. do not stay long in RIMM.

    ReplyDelete
  2. Stocks100May 22, 2008 at 9:32 AM

    Hi Ds,

    I personally believe...we go UP from here in markets.

    RIMM is entering another high growth cycle......I actually added more RIMM near low.

    Did more surgery in my portfolio.

    Saleem

    ReplyDelete
  3. madmaxMay 22, 2008 at 9:40 AM

    Hello Saleem

    THe market is in capulation IMHO

    THis is a awful nose dive
    I sold as much as I could -- cash is king now

    GOod Luck
    Still holding NTES, V,SOL, AAPL, OII
    FCX and CHL

    ReplyDelete
  4. Stocks100May 22, 2008 at 9:54 AM

    Hi Madmax,

    I had to sell V also ...as I wanted to add RIMM...which I did.

    Thanks for info on PMCS !!!

    Saleem

    ReplyDelete
  5. UnknownMay 22, 2008 at 10:13 AM

    Hi Saleem,

    After the 130 break on RIMM below 130, it could close the gap soon to 128. Tough market.

    Beatrice

    ReplyDelete
  6. Stocks100May 22, 2008 at 10:17 AM

    Hi Beatrice,

    Yes...those gap is almost filled because thelow was $128.98???

    I have always done well with RIMM...let us see if this time will be no different !!!

    Good luck to you in this tough market.

    Saleem

    ReplyDelete
  7. UnknownMay 22, 2008 at 10:22 AM

    Saleem,

    I have down 128...has one more point to fill according to my notes. Don't have date..

    B

    ReplyDelete
  8. A DMay 22, 2008 at 10:32 AM

    Hi Saleem -

    Do you think that both V and NTES are weak enough that they should be unloaded, or do you think that they are still solid, but just that there are better opportunities out there?

    Thx!

    ReplyDelete
  9. Stocks100May 22, 2008 at 10:36 AM

    Hi Ad,

    I have unloaded V & NTES because I found AAPL & RIMM @ current price a BETTER trade.

    I think V has found bottom today...should be OK now....

    NTES will depend on analyst notes today or tommorrow...NTES downside is max $21.50...imho

    Good luck on your strategy....

    Saleem

    ReplyDelete
  10. A DMay 22, 2008 at 10:39 AM

    Thanks, Saleem.

    With NTES, I think the ER was positive, and I've seen some stocks weak on the day after earning, but being relatively strong the day after. Hopefully this will be the same. For V - its starting to look better but it was a pretty harsh drop today.

    Good luck!

    ReplyDelete
  11. madmaxMay 22, 2008 at 10:43 AM

    SALEEM

    Looking for a run at the close.

    If we do I hope to unload somemore of my stocks.

    I do hope for you that RIMM goes up here. AAPL is just green again
    But all my stocks are in the red.

    I did not see the market correction coming. As of now I am close to 50% cash.
    IBD says get into cash, be careful here, my friend. I am glad that you got out of VISA, it is in deep correction.
    M

    ReplyDelete
  12. Stocks100May 22, 2008 at 10:47 AM

    Hi Madmax,

    We all follow our own comfort level.

    I have 4 stocks now...AAPL,PMCS,RIMM,SOL.....

    IBD gets people out late and gets people IN also late.....as they always WAIT for technical CONFIRMATION for buy or sell...imho

    Saleem

    ReplyDelete
  13. madmaxMay 22, 2008 at 11:26 AM

    thanks Saleem
    M

    ReplyDelete