Friday, May 9, 2008

Markets Pulled back to deal with record OIL runup !!!

Oil has been the big downer for the markets this week...

$126 oil price is extremely high for US economic health...

Fedex warned AH..reason sky high oil prices affecting their cost structure...

In my portfolio :

NTES rating 40/30 rated for a BREAKOUT @ $23.97 for a target of $25.85

RIMM rating 65/45 rated for a BREAKOUT @ $135.24 for a target of $150.10

SOL No TA too new...closed @ all-time high almost @ high of the day...reports before open Wed!!!

TOL rating 65/70 target $26.35

V No TA too new....pulled back sharply down $4.44 to digest recent RUNUP .....

In other stocks :

CMED rating 25/90 target $43.07

BRCM rating 60/80 target $28.76

MRVL rating 35/30 target $14.23

PMCS rating 0/30 target $8.69

Strong stocks were JASO,FSLR,LDK,CSIQ,EGO,ISRG,SNDA,SINA,SOLF...

By 10 AM Saturday...i will post a list of technically weak,strong & buy rated stocks..

BLOG does NOT give buy or sell.

Saleem

4 comments:

Troy House said...

Next week and monday is big....

JASO reports pre market, LDK reports after market...

what is your take on LDK?

Stocks100 said...

Hi Troy,

LDK will beat & guide MUCH higher than consensus for Q2.....

It will cross previous trading high of $39 easily.....

Saleem

Troy House said...

What happened to minaccess, dont see him/her posting any more on here...

Stocks100 said...

Hi Troy,

Minaccess is a Physician and must be busy with his work.

He was very high on POT ..which is still working.

I am sure he will post shortly.

Saleem