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
13 comments:
Hi, salim
market is in dagerous mode. I am out from all stock. PL. do not stay long in RIMM.
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
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
Hi Madmax,
I had to sell V also ...as I wanted to add RIMM...which I did.
Thanks for info on PMCS !!!
Saleem
Hi Saleem,
After the 130 break on RIMM below 130, it could close the gap soon to 128. Tough market.
Beatrice
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
Saleem,
I have down 128...has one more point to fill according to my notes. Don't have date..
B
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!
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
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!
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
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
thanks Saleem
M
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