Dow was punished till the bell rang....closing @ absolute LOW of the day...fractions included???
Just about every sector was in the RED........except Gold......
In a market like this ...I try to concentrate on the best idea even when it may be just one or two...No need to have too many stocks in markets like this......
In my portfolio :
Sold RIO & booked a loss of $1.11 per share....wanted to buy MORE SOL as it was being punished big time.....
Added 40% more SOL today...cost went down to $22.16 !!!!
Portfolio is MRVL & SOL......
$ allocation is 80% SOL & 20% MRVL.....
It will be interesting to see...how this strategy works out in this "unpredictable market"
Friday MAY bring some relief !!!!
Why do I think that????
Because...everybody is "so scared" with this market...that an "oversold bounce is imminent"
Please manage your risk based on your OWN comfort level.
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi,
SOL is down big last three days, unbelieveble.To day close does not look bottom.
Salim , why are you so bulish in SOL?
Short will spread the rumors that plant conctruction will not be approved ?This is according to sec. filling ??????
They started conctruction without approval???Are you worried ?
Thanxs.
CAEI is moving check it out.
Hi Ds,
SOL is the-best solar play in my analysis.
SEC filings contains all the risk which any business CAN face.
Institutions will NOT give $187 million in secondary...unless they felt everything IS in order....by the way they paid $20.50 and they do expect to double their money???
So...buying @ 17++ IS a GIFT.....
Remember BUY LOW SELL HIGH !!!!
Saleem
W. Buffet interview yesterday"
Interviewer: "What would you do if you were Chairman of the FED?"
WB: "Resign."
LOL....
HELLO SALEEM
Howdy my friend!
What a lousy day yesterday was. I am sorry that RIO did not work out for you as I like that company, oh well.
Looks like oil and gasers are king in this market. CHK, PQ, RRC held up really well some closed green
Market may close green today.
take care all
Hi Troy,
Nice to see your note.
WB frustrations with Fed is a telltale that everything i being worked out by the markets in terms of discounting all issues faced by world economy.
Saleem
Hi Madmax,
RIO was a trading idea...but I found relative value in more SOL.
Yes...looking for a very green close !!!!
Saleem
Good morning.
Doubled my position in SOL, cost $21.23. Doubled my position in GSI, cost $13.19. Still holding GNA WES & PWE. Good trading to all.
Victor
Hi Victor,
Good moves on Solar & Steel...SOL & GSI both Chinese & growing big time......
Saleem
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