Markets ended green all over and internals were leading higher....
New Highs led on both NYSE & NASDAQ.....
Solar took it on the chin "big time" after report of reduction in German subsidies.....
European Solar stocks also got downgraded including Q-Cell......
In my portfolio :
AAPL rating 45/80 target $203.94
RIMM rating 55/50 ratef for a "breakout" @ $143.90 for a target of $158.90
SOL...No TA....Slumped 11.34% after showing relative strength earlier in AM....
Strong stocks were SOHU,MA,V,QLD,LULU,DUG,GS,ISRG,GOOG,NYX,
ICE,GRMN,VMW,SINA......
AH MRVL blew away estimates and guiding HIGHER
AH DELL operating margin improved stock HIGHER
BLOG does NOT give buy or sell.
Saleem
10 comments:
Hi ,
My fear about solor came true.I was so tempted to buy SOL.But controll my self.
AAPl looks weak. Banking sector looks strong. I might sell AAPL tomorrow if do not stay green or down more then dollor. Bought some C
What do you think???? thnxs salim. Let us know how your MOM ???
Hi Ds,
We all play our own hunch...which works most of the time.
Solar earnings have accelerated...so we will see how it goes from here.
AAPL ..I am keeping till June 9th the day of 3G.....unveiling !!!
Mother is being operated 730AM friday Houston time..about 11 hours from now....thanks for enquiring about her.
Saleem
Right now solars are linked to Oil,which does not make any sense, and thats why all the solars sold off today and plus the downgrade by ML
SLEEM
Hapy Friday to -- I prayed that your Mom would be just fine--Plz keep me informed!!
SOL looking up today--I think we will have a sea of GREEN
THe financials were strong should be a good day today,V, GS and C looking strong.
Also I like the Nat gas plays CHK, RRC, DVN, ESV and PQ--CHK is an absolute winner.... CEO bought 600,000 shares this week. CHK RSI is 44 and should bounce up strongly today,
NAS should be strong today with DELL blowing the numbers off.
AAPL has lots of toys in their pipe line and a new phone coming... look for $220 by end of next week, IMHO
Good Luck..............
Peace to all
Hi Madmax,
Yes....things are looking UP !!!
GREEN is GOOD !!!
Saleem
Hi Saleem. I hope your mother has a successful surgery today.
More on SOLAR:
Wall street Manna
Friday, May 30, 2008
Piper Jaffray-Cover your solar shorts!
Piper Jaffray notes according to German news agency DPA, and supported by contacts close to the Social Democrat Party, the German Government reached final agreement on feed-in tariff reduction for Solar and Wind at 02.00 AM this morning. They understand that the agreement will be incorporated in the E.E.G bill on Monday by which time the feed-in tariff reduction will be made public. The firm says they also understand that the bill will be voted through parliament as early as Friday next week rather than end of June. They welcome this initiative. The firm says the feed-in tariff reduction is said to be 8% for 2009 (previous 9.1%), 8% for 2010 (previous 7%) and 9% for 2011 and onwards (previous 8%). The firm concludes that further changes are highly unlikely and would recommend investors to buy the sector.
http://www.briefing.com/Trader/InPlay/In...
Hi, salim
How is mom doing?
sold AAPL.c.
get in SOL big way.
Hi,
Do you think there could secondery offering ??They need 500 million for expansion ?
thanxs.
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