Thursday, May 29, 2008

Oil data bullish ..but Oil going down..good for Stocks !!!

Oil data came in bullish with a bigger draw down and flattish refinery utilization....all bullish for Oil.....but surprisingly Oil is going down......Has Oil peaked????

Stocks are moving gradually higher from oversold conditions.....

Solar stocks are taking a beating as Merrill Lynch gave a sell to ESLR & SPWR due to expected reduction in German subsidies......

In my portfolio :

Sold PMCS & booked a gain of 20 cents per share.....

Bought 66% more SOL..my cost went down to $26.95....

My portfolio is AAPL,RIMM,SOL......only 3 stocks ....a change in strategy of more concentrated position...let us see how this works out !!!!

AAPL down 50 cents

RIMM UP $1.25

SOL down 40 cents

@ 11.38 AM the following are green :

BRCM,CMED,V,MA (on reaffirming of sales growth),VMW,
POT,CTRN,ICE,WYNN,LVS,SOHU,NYX,ISRG,SNE,AMZN,
GOOG,GS,SINA.

BLOG does NOT give buy or sell.

Saleem
at

9 comments:

  1. AnonymousMay 29, 2008 at 9:09 AM

    hi saleem
    nyx bounced back. it was good call to average it down. thanks
    all your stocks show strength. keep it up.

    good luck

    steve

    ReplyDelete
  2. Stocks100May 29, 2008 at 9:34 AM

    Hi Steve,

    I am happy for you that NYX rebounded from "deeply oversold condition"

    Saleem

    ReplyDelete
  3. standardshighMay 29, 2008 at 9:40 AM

    Saleem,

    Hope all is well.

    V took a needed rest. Doubt if we'll ever see these low prices again. Good call on the oil's peeking. I could kick myself for not buying LDK in the low 20's! Arrgggh!

    Best regards

    ReplyDelete
  4. Stocks100May 29, 2008 at 10:12 AM

    Hi Standards,

    Oil had its glory days....now back to new reality which is trending down....

    Solars are taking a hit..so it may present another buying opportunity.

    V is showing some strength but MA is flying to new highs....

    Saleem

    ReplyDelete
  5. AnonymousMay 29, 2008 at 11:37 AM

    hi saleem
    what is wrong with sol? it was holding well in the morning. is it the beginning of a correction in solar sector?

    steve

    ReplyDelete
  6. Stocks100May 29, 2008 at 11:41 AM

    Hi Steve,

    SOL is taking all the stops all the way down to $23.67....

    This is 2nd swoon...since hitting $29.48....

    Good time to add !!!!

    Saleem

    ReplyDelete
  7. madmaxMay 29, 2008 at 11:57 AM

    STEVE

    Time to add more SOL, IMHO

    There is NO bad news that I can find.

    The MB indicates people are buying!!!

    Buy I say!!

    Peace to all

    ReplyDelete
  8. AnonymousMay 29, 2008 at 12:15 PM

    hi saleem and max
    sol has anything to do with news from germany(subsidy)? all the solar stocks are down.

    let us hope the stock will bounce back.
    good luck

    steve

    ReplyDelete
  9. madmaxMay 29, 2008 at 12:46 PM

    Looks like we have a bottom $23.40

    I tested by ordering some at $23 even, no fill

    Lets go AAPL and SOL

    ReplyDelete