Oil is behaving like "Internet stocks before major collapse"
$11 move UP in single day for Oil is all time biggest move????
Morgan Stanley predicting Oil @ $150 by July 4......a nice "independence" day gift to American motorist.....who are totally"dependent" on oil for most chores & existence......
Israel Prime minister to be.... promised to take out Iran nuclear facility......also added to many excuses for taking Oil UP on a daily basis....I guess Nigerian attacks on oil pipeline were not doing the job...it was only spiking oil about $2 to $3 per barrel...too slow for GS/MS.....
In my portfolio :
Sold AAPL & booked a gain of $6.66 per share.....markets were becoming too irrational to leave any profit on the table.....Always believe in RETHINKING depending on market conditions.....
Bought BRCM my cost $27.65
Bought SNDK my cost $27.89
Bought more SOL 2nd purchase of the day cost went down to $25.77
My portfolio is BRCM,RIMM,SOL & SNDK......
BRCM rating 65/70 target $29.90
RIMM rating 70/100 target $152.99
SNDK rating 35/100 target $32.61
SOL No TA...too new ..SOL went UP to $25.96 & pulled back for a loss with the market & sector slump......
TSL took it on the chin down $4.63 as margins are under pressure......
By 10AM Saturday ..I will post a list of technically weak/strong & buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
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