Wednesday, June 25, 2008

Nasdaq & S&P 500 showing strength so far....

Markets are showing life after being deeply oversold.....

Oil is down almost $5...

Gold is down $5....

Fed speak @ 2.15 will be bullish for stocks, US$ & bearish for Oil......

In my portfolio :

MRVL UP 65 cents

SOL UP 10 cents

RIMM down $1.92......Same old short stories being planted like RIMM valuation is Sky high,Consumers will NOT buy Blackberry,BOLD will be delayed.....heard all this for last 2 years around ER time....has NOT come to fruition?????RIMM reports AH expecting a BEAT & guide Higher !!!

@11.28 AM the following stocks are green :

AAPL,CMED,JNPR,WFR,V,MA,VMW,C,TKC,CTRN,
ICE,NDAQ(upgraded),WYNN,LVS,BIDU,WYN,SOHU,
NYX,VLO,ISRG,XLF,SNE,AMZN,DRYS,GOOG.BRCM,
SNDK,PIR(buyout withdrawn),TSO,TOL,QLD,DUG,GS,
FMCN,IFN,HPQ,SINA.

BLOG does NOT give buy or sell.

Saleem

5 comments:

dslnbull said...

Hi,
It looks like SOL. will go below17 ????There is no buying interest. Lots of small investors are got in. No pr from company is surprising ?

madmax said...

standardshigh said...
Hi Madmax,

What do you think of DRYS as compared to DSX?

Best Regards: REPLY;
DSX is lower price by 1/2 and pays 10% dividend, has fewer ships but newer, has all ships on charter (most) which guarantees fixed revenue, they have completed deal todat for a 3 year charter at$56,000 day. Wow what a deal-If DSX keeps that up they will be a$50a share stock.
DRYS, is huge and little dividedn but has branched into oil rigs using ship as platform to drill with. DRYS may be on to somthing with the added business. DRYS is in oil delivery, DSX is in dry goods delivery and with China and India HUGE players needing coal and all types of raw material I see 2-3 years of growth for DSX/
DRYS is a a VERY competitive market with FRO being the goliath tanker company.
Of the 2 I like DSX, and so does IBD, saying that DSX is best of breed. My .02 cents

SALEEM thanks so muh for your market outlook I need it It helps me focus.
Disclosure Bought DSX and New position in MON, it was on sale today--100 shares at $128.
Good luck all

Stocks100 said...

Hi Ds,

SOL is doing a double bottom below $19 area......will it hold here???

I am NOT concerned about SOL in short term...My eyes are on long-term goal of $40.....

Saleem

Stocks100 said...

Hi Madmax,

I am so happy that my take on markets gives you FOCUS.....

That what makes my effort in BLOG worth it.....

Good luck with DSX & MON !!!

Saleem

madmax said...

Hello all
here is some news on MON:
MON
http://www.smartmoney.com/eqsnaps/index....
Cheers