Tuesday, May 20, 2008

Markets are down sharply on PPI data .....

Markets are down sharply on PPI data showing inflation on the rise.....

Inflation rising is NOT a news.....inflation is being felt by every consumer all over the world.

Inflation is there because of SLUMPING US $......

Inflation is there because all commodities have taken off ...thanks to US$ SLUMP...so a double whammy for consumers worldwide as everything is priced in SLUMPING US$...

Is that a news to the markets...Absolutely NOT.......

So...why is market taking a HIT today......because it was OVERBOUGHT !!!!

I am saying WAS overbought...because after today's SLUMP...we are back to EVEN...neither overbought or oversold.....

So what does toady's selloff CREATES.......a BUYING opportunity......!!!!

Instead of reacting negatively to a down day ...be ready with your buy list and execute !!!!

In my portfolio :

NTES down 31 cents

RIMM down 60 cents

SOL down 84 cents

V down 7 cents

@ 11.33 AM the following are green :

CSIQ,AAPL,POT,LDK,CTRP,AUY,ABX,FSLR,GOOG,
NCTY,GRMN......

BLOG does NOT give buy or sell.

Saleem
at

8 comments:

  1. AnonymousMay 20, 2008 at 9:10 AM

    Good morning Saleem.

    We've got the crimson tide today.
    My only green positions are AAPL & GNA. I hope it gets better later.

    Victor

    ReplyDelete
  2. Stocks100May 20, 2008 at 9:18 AM

    Hi Victor,

    Things are already getting better..

    I also have one green RIMM & 3 green wannabe.

    You will have smile @ close $$$

    Saleem

    ReplyDelete
  3. AnonymousMay 20, 2008 at 10:05 AM

    Saleem,

    GNA is exploding to the upside with a Citibank upgrade. CAM has gone green, SOL & V are trying to go green. Good luck trading.

    Victor

    ReplyDelete
  4. madmaxMay 20, 2008 at 10:37 AM

    VICTOR

    Congradualtions on 2 green plays today

    I mostly red
    AGU AAPL DSX are my greens

    Good luck to all

    ReplyDelete
  5. AnonymousMay 20, 2008 at 10:52 AM

    MAD

    Definately been a struggle today.
    Boone says oils going to 150, I tend to believe that. Just picked up some BEXP. If you can't beat em....

    Good luck.

    ReplyDelete
  6. madmaxMay 20, 2008 at 11:53 AM

    VICTOR

    Here is IBD's take on BEXP:
    Earnings Per Share (EPS) Rating Relative Price Strength (RS) Rating Industry Group Relative Strength (Grp RS) Rating Sales + Profit Margins + ROE (SMR) Rating Accumulation/ Distribution (Acc/Dis) Rating
    39 99 A+ B A+
    Plz look at PQ I just sold mine today as I was not sure what the market will do. I am diversified and gald of it as Oil is the best play now, Also like and bought some OII! best of breed

    Good luck to all
    NTES is GREEN Hurray

    ReplyDelete
  7. AnonymousMay 20, 2008 at 12:07 PM

    MAD

    Thanks for ID take on BEXP. I owned PQ a hundred years ago when it was PQR(?). OII should do super, as is CAM - DNR - NOV

    Victor

    ReplyDelete
  8. madmaxMay 20, 2008 at 12:15 PM

    Victor

    thanks for sharing

    Look at the XLE and OIH interesting that both are green! GS says oil to $150. Yuk
    Gold is up again also as are most commodities, as RIO and AGU!

    Good luck all

    ReplyDelete