Wednesday, May 21, 2008

Oil @ $132..only $9 from GS target of $141 !!!

Congratulations to GS on an excellent strategy to take Oil to $141....

What happens when Oil hit GS target of $141???

Do we go to T.Boone Picken's target of $150????

All of the above IS possible as US government have not taken a single step to reduce consumption of Oil...while everybody IS hurting....total uncaring leadership in Washington ????

US is the biggest consumer of Oil on a per Capita basis.....

US is busy with Photo Op's than coming up with LEGISLATION to REDUCE consumption of Oil...

Oil company lobby must be very effective in Washington.......

In my portfolio :

NTES UP 41 cents...reports AH..expecting a BEAT & Guide HIGHER !!!!

RIMM Down $1.20

SOL UP 15 cents

V down 15 cents

@ 11.41 AM the following are green :

LDK,SOLF(on major beat on EPS),PMCS,SNDK,JRCC,CTRP,
MA,SOHU,ABX,DRYS,NVDA....

BLOG does NOT give buy or sell.

Saleem
at

8 comments:

  1. AnonymousMay 21, 2008 at 9:27 AM

    Hi Saleem,

    Good morning. I think oil will go to 150, but not until this winter. The only thing that's working for me now is GNA(steel) CAM(oil equip supplier and BEXP(jr oil co. Solar seems to have backed off, although still holding SOL. V is lingering and RIO is down. This seems like a market that wants to go down some more. Have a good day.

    Victor

    ReplyDelete
  2. Stocks100May 21, 2008 at 9:32 AM

    Hi Victor,

    Being diversified alway's helps....

    Solar IS overbought for now...but will continue to hold SOL....

    V should move today as MA is flying UP $5 fter finding support.

    Saleem

    ReplyDelete
  3. madmaxMay 21, 2008 at 9:45 AM

    SALEEM

    Congradualtions on PICKING Visa!

    I like the volume and support for Visa.

    SOL is coming along today also

    Looks like NTES is also strong
    Hurray
    M

    ReplyDelete
  4. Stocks100May 21, 2008 at 9:48 AM

    Hi Madmax,

    V should move BIG now....

    NTES,SOL all looking Good !!!

    Saleem

    ReplyDelete
  5. UnknownMay 21, 2008 at 1:17 PM

    Hi Saleem,

    Impressive sell off. I think we have more downside work to do before we go higher. I really thought we'd bounce off the second touch of support...with brokers weak though, almost impossible to bounce. Oh my.

    Beatrice

    ReplyDelete
  6. UnknownMay 21, 2008 at 1:17 PM

    Hi Saleem,

    Impressive sell off. I think we have more downside work to do before we go higher. I really thought we'd bounce off the second touch of support...with brokers weak though, almost impossible to bounce. Oh my.

    Beatrice

    ReplyDelete
  7. Stocks100May 21, 2008 at 2:10 PM

    Hi Beatrice,

    I always focus my energy what to buy NEAR the bottom of pullback.

    I bought PMCS which was showing relative strength 14 minutes before close.

    Good luck with your strategy !!!

    Saleem

    ReplyDelete
  8. dslnbullMay 22, 2008 at 7:30 AM

    Hi,

    Get in C ,JPM. Sold LDK ,NTES. thaxs

    ReplyDelete