Markets were OVERSOLD...so a bounce was not a surprise......
Most investors /traders are discouraged near oversold levels......
IBD loves to raise "red flag" whenever there is a "routine pullback"
By the time IBD gives "all clear"....market have moved "substantially UP"
In my portfolio :
AAPL rating 50/80 target $203.83
PMCS rating 35/45 target $9.30
RIMM rating 65/80 target $149.67
SOL No TA.....among few solar stock which was UP today based on PJ Jesse Pichel note today on SOL saying... Q2 tracking as expected and chance of UPside exist based on ramp UP production......He has target of $40 !!!
Strong stocks were GOOG,BIDU,MA,V,QLD,GS,ISRG,CMED,NCTY,
SNDA,LRCX,WFR,VMW,SOHU......
BLOG does NOT give buy or sell.
PS...mother is in very good spirit thanks to many well wishers!!!!
Saleem
Saleem,
ReplyDeleteHappy to hear your mother is in good spirits. Let her know AAPL and RIMM were rooting for her! Maybe AAPL will see 190 soon...sure feels like it wants to get there soon. I closed out my last position on Friday...100% cash until things settle a bit more.
Best,
Beatrice
Hi Beatrice,
ReplyDeleteThanks for your AAPL/RIMM based boost in spirits for mom.I am sure she wants her eldest son to be richer rather than loss in equity.
Comfort level is very important so 100% cash is a reflection of what you may be waiting for...an opportune time to get back in.
Saleem
hi salemm
ReplyDeletei bought nyx. cost 66.20. should i get out? losing some money? should i add some more. i have only 100 shares. thanks in advance.
steve
STEVE
ReplyDeleteI have been burned badly on NYX
be carefull. Lots of better opportunities out there
Visa is a good one as is DRYS and POT
M
hi max
ReplyDeletethanks for ur input. i do appreciate it
steve
Hi Steve,
ReplyDeleteNYX is oversold big time.....If I were you I will not hesitate to average down @ these low levels..imho
Saleem