Markets ended green after finding support @ 1390.23 for S&P 500.....
Price of Oil has spooked investor & consumer confidence.....
Price of Oil retreated from mighty $135 to $130+
Markets will build its strength from here as we are clearly OVERSOLD......
In my portfolio :
Sold V and booked a loss of $8.90 per share.....
Added 30% more RIMM..my cost went down to $132.78....
My portfolio is AAPL,PMCS,RIMM,SOL......
AAPL rating 20/70 target $185.08
PMCS rating 0/80 target $9.85
RIMM rating 35/100 target $144.01
SOL No TA.....has pulled back $6.59 from its high..which is 22.3% pullback...are we ready to start a new uptrend ????
Strong stocks were NMX,NVDA,C,NVTL,SINA,GLW,EBAY,STX,NVLS,COIN....
AH ISRG is going into S&P 500......
BLOG does NOT give buy or sell.
Saleem
13 comments:
Hi, salim
market does not look good.It looks like Chinese stocks are done.I am out 100 %, made good money .Bought C, JPM today but sold out with loss.Does not want to take risk.C looks strong ,might buy back tomorrow.TH.AXS
Hi Saleem,
Glad to see AAPL and RIMM bouncing premarket!
AAPL upgraded this morning. I'm guessing we get some upside in the morning with a sell of later in day because of 3 day weekend. I won't be holding overnight..will stick to daytrades through this period of correction.
Best,
Beatrice
Hi Ds,
I never worry about the market but worry a whole lot about my stocks.
I am generally very aggressive when everybody is scared and have no faith in the market.
I have thrived on contrary investing for many many years...
I follow 100 stocks very closely and do not hesitate to switch for relative valuation/tape action...
Just look @ my switches yesterday...that defines me inside out.....
It is always the opportunity which stares @ you makes you the most money....
I am more than willing to take a loss for better timed stocks....
Good luck with your trades.
Saleem
Hi Saleem -
Nice call on AAPL - I'd been watching and jumped in before mkt close yesterday so saw a nice little rally and of course today things are looking good. SOL has some postive activity too. Any thoughts on V going forward - its looking weak to me. I'm hoping NTES is able to gain a little traction back today.
Thx!
Hi Beatrice,
Analyst are used to upgrading @ key technical points....
Both RIMM & AAPL was sold off by technicians yesterday...because it broke some key technical points...
I love to capitalize on these freefalls....
I will see how closing action IS...then take it from there....
Good luck on AAPL & RIMM $$$
Saleem
Hi Ad,
Great move on AAPL !!!
NTES will be fine for you....
V....I am NOT sure especially this AM weakness....
SOL is looking good...the most favoured solar by me & IBD $$$
Saleem
Saleem,
Yesterday afternoon when AAPL fell to 72 range there was a rumor circulating by a tier one firm about a delay. it bounced to 75 area when firm denied it and waffled until right before the close when buying came in in huge vol. If I'd been at my screen I would have bought at the close...congrats to AD!!
B
Hi Beatrice,
AAPL & RIMM are subjected to frequent"rumour" by very organized & well connected hedge funds....
They back it up by unloading @ furious pace ...to get retail out in a hurry ...then they buy all near low..when panic has set in...
Seen this on a very frequent basis...so I stay put or add on weakness...has worked many times.
Saleem
Saleem
AAPL rules
Did you see the lines out side of stores to buy the phone
3 upgrades on AAPL
Watch AAPL fly
Congradulations
NTES, SOL, V seem to be holding up.
Hi Madmax,
Yes...AAPL is doing very well considering the negative tone in the market....
NTES showing relative strength also..
SOL just went green !!!
RIMM is giving me pennies !!!
Saleem
Saleem,
Yes, AAPL looks very good. Am long LVS and may hold over. Otherwise staying in cash.
B
Hi,
salim
Get i the zone , AAPL zone.I am in.
Hi Ds,
AAPL was a great choice.
Good luck !!
Saleem
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