S&P 500 went to 1351.56 but closed @ 1358.44......
Are we deeply OVERSOLD on Wall Street ????
Are we OVERSOLD in Solar stocks???
Are we OVERSOLD in Techs????
Are we OVERBOUGHT in Ag,Oil,Coal,Steel????
Next few days MAY give us the answer to the above trading questions......
When I analyze any sector......I personally ask a basic question???
What is the RISK/REWARD ratio in any sector......
Markets have been TOUGH lately......so it is more CRITICAL to buy stocks where risk/reward ratio is very compelling.....
Do NOT forget to LOCK GAINS whenever you see it...JUST TAKE IT !!!!
My portfolio remains the same RIMM,SOL & MRVL......
I doubled my position in MRVL today cost went down to $16.48...
BLOG does NOT give buy or sell.
PS.....I am leaving for Houston 11 AM wed for a week.......to see my mother....who has made good progress in the last 24 hours...thanks to all well wishers.
I will TRY to update BLOG...IF I can access a reasonable computer.....otherwise my next BLOG posting will be Thursday 11.30AM on June 19th......
In the meantime wishing all of you "Profitable trading/investing"
Saleem
24 comments:
HI Saleem,
Wishing you safe travels and a swift recovery for your Mom. Best wishes with all sincerity.
Doug...
Hi Doug,
Nice to see your note.Hope you are doing well for yourself & family.
Thanks for your sincere note!!!
Saleem
Hi Saleem,
Wish your mom a speedy recovery, and you have a safe and smooth trip going and coming back.
DM101
Hello All,
Another poor showing in the market.
Due to higher oil prices? Old news.
Due to Fed report on reserves? Naw.
Due to possible rate hike? Huh?
The Fed has some more treats for the financial crowd? Hmmmmmm.
The only way to get the treats is drive the market lower. How else to entice the Fed to make a move?
Prices are at a discount and appear oversold IMHO. But I've been wrong before. Any other suggestions?
Best Regards
Now we are moving in the right direction!!! Sen Joe Lieberman is putting forth a bill that would limit institutional involvement in commodities!! YES this should help ease the pressure on oil and other commodities! My best to your mom Saleem!! God bless you!
Hi Charlie,
Yes i agree,,,everyone is trying to TALK the price of oil down with vague threats of action. I feel for the people in Europe paying $9 a gallon. They are in deep trouble.
Best Regards
Hi,
Hope you are doing well.
I am out all the stock ,Bought JASO but sold immediately,Took loss 5 cent.
I am buying CAEI , It is a strong company and it is in energy conservation business,Also they got ISO certificate from germony.One more thing they move from AMEX to NASDAQ.Old symmbol was RCH.Ceo ring the bell today.
PL. let me know your input.I bought 2000 shares today.
Hi Dsinbull,
Caei China? This is a new issue. The action today is not encouraging. The future may hold better days. I thought of buying some myself, but I am sitting tight until the market shows some direction.
Best Regards
Hi Saleem,
Wish your mom a nice recovery and you have a wonderful time with her in the U.S.
The secondary offering price is out. Please follow the link:
http://www.sec.gov/Archives/edgar/data/1417892/000119312508129626/df1a.htm
It seems to have a confusion in the market now since 1 ADS equals 2 shares so the offering price should be 24.14. But why it is in free fall mode now.
Would someone explained this while Saleem is out. Thanks.
Michael
ANy one own AAPL reason for it going down??
It is tanking here as is DRYS
THis market is awful
Thanks
This is not a new issue.It was listed on AMEX with symbol RCH ,now started tarding on nasdaq with new synbol CAEI.I did lot of home work and bought 2000 and buying more tomorrow.
They got iso certificate , also upside guidence.However you can buy once it close above 10.
They are i energy conservation business.
Just my 2 cent.
China Architectural Engineering Inc (AMEX: RCH | Quote | Chart | News | PowerRating) through its subsidiaries, engages in the design, manufacturing, installation, and maintenance of structural glass and light structure building systems in China, Australia, southeast Asia, the Middle East, and the United States. The company specializes in high-end curtain wall systems, including glass, stone, and metal curtain walls; roofing systems; steel construction systems; eco-energy saving building conservation systems; and related products for public works and commercial real estate projects. Its products are specialty wall systems consisting primarily of a series of glass panels set in metal frames, stone panels, or metal panels, as well as roofing systems and related products. The company was incorporated in 1992 and is headquartered in Zhuhai, the People's Republic of China. China Architectural Engineering, Inc. is a subsidiary of KGE Group, Limited. With 51.09 million shares outstanding and 538,800 shares declared short as of May 2008, there is a failure to deliver in shares of RCH.
go google and read more.
i like what you guys thinking. I going big way in CAEI.
ANy one buying Visa
It is hoping Giddy-up
AAPL is tanking again as is PQ
Hi Madmax,
Yes I put an order in for Visa this morning, it may have passed me by to quick!
Best Regards
Hi All,
Bought V this morning. Anyone watching CMED? Great earnings and increased dividend. Raised guidance for 2009 to almost $3 EPS.
Best Regards
Hi, I bought VISA at the end of the day @ 81.55. Sold CAEI with loss. All day down turn volume.Waiting for good entry point. SPWR, IPI, V, SOL, C, LEH are on watch list.
HELLO TO ALL have a great weekend
I got 300 shares of Visa
We will do GREAT next week---V is a rocket--J Cramer says all Financials
will rocket for 2 weeks
So hold Visa for a while and rake in some dough $$$$
My oil plays are awfull, CHK, PQ, RRC
HAL
AAPL should fly up soon I think!! The news of S JOBS health put the squash on AAPL.
Hi all,
Lets talk and discuss how to make money.
It looks like solor sector will be on a big move.
LDK, SOL, ASTI, SPWR, STP, SOLF , JASO ENER, ESLR, CSIQ....
Which willbe on big move ??I think ASTI will see 15. ldk ...42 spwr...80 ener .....75
v must cross 90 .
What do you guys think???
thanxs
Hi All -
Any thoughts on RIMM - we had a nice day on Friday bt with earnings coming up soon think we'll see a run-up based on that?
Good luck to all,
Ad
Hi Dsinbull,
I like solar, yet its tied with oil and oil looks like its peaking. V on the other hand is a keeper, name brand with growth, strong stock. I bought more.
Best Regards
RIMM
DUNNO, if AAPL continues to dive so will RIMM IMHO.
It is time for financials to soar--they are so Over Sold
Gotta make money on Banks Visa MA, GS went up $10 smackers I had some GS at $187
SOLAR should do steller next week! Comments
Thos is what I am talking about a Story from IBD on PQ:
http://biz.yahoo.com/ibd/080613/newamer.html?.v=1
IBD Ranking go for it:
1 CONTINENTAL RES INC CLR 68 -10.6
2 POTASH CORP SASKATCHEWAN POT 226.13 -1.3
3 TITAN MACHINERY INC TITN 27.9 -1.2
4 BUCYRUS INTERNATIONAL BUCY 75.41 -3.6
5 G M X RESOURCES INC GMXR 58.82 -1.1
6 SOCIEDAD QUIMICA Y MINRA SQM 45.45 -7.6
7 GRAHAM CORP GHM 68.27 -10.8
8 MASTERCARD INC CL A MA 292.46 -8.7
9 RESEARCH IN MOTION LTD RIMM 132.96 -8
10 ARENA RESOURCES INC ARD 50.32 -12.6
11 PERICOM SEMICONDUCTOR PSEM 17.82 -8.6
12 C F INDUSTRIES HOLDINGS CF 155.08 -2.5
13 ENERSYS ENS 35.45 -2
14 SOUTHWESTERN ENERGY CO SWN 46.63 -6.7
15 T THREE ENERGY SERVICES TTES 65.79 -6
16 HESS CORP HES 125.58 -8.3
17 GEORESOURCES INC GEOI 20.91 -28.1
18 MOSAIC COMPANY MOS 153.31 1.2
19 DENBURY RESOURCES INC DNR 33.52 -13.2
20 MONSANTO CO MON 137.26 -2.5
21 NATURAL GAS SERVICES GRP NGS 30.12 -5.3
22 QUICKSILVER RESOURCES KWK 39.68 -11.8
23 AGRIUM INC AGU 103.55 1.6
24 COMPANHIA SIDERURGIC ADS SID 45.01 -14.2
25 BAYTEX ENERGY TRUST BTE 31.94 -1.6
26 FLOWSERVE CORP FLS 134.73 -3.1
27 INTEGRAL SYSTEMS INC ISYS 37.93 -5
28 JINPAN INTERNATIONAL LTD JST 34.6 -23.1
29 ST MARY LAND & EXLORATN SM 58.83 -1.5
30 C S X CORP CSX 65.39 -7.5
31 F M C TECHNOLOGIES INC FTI 75.49 -9.3
32 CENTRAL EUROPEAN DIST CP CEDC 74.36 -0.6
33 HILL INTERNATIONAL INC HIL 16.33 -2.8
34 WHITING PETROLEUM CORP WLL 98.75 -9
35 BAIDU.COM INC ADS BIDU 326.84 -23.9
36 CONCUR TECHNOLOGIES INC CNQR 35.18 -11.9
37 CYBERSOURCE CORPORATION CYBS 16.65 -18.4
38 GRAFTECH INTERNATIONAL GTI 25.5 -7.3
39 MONOLITHIC POWER SYSTEMS MPWR 24.34 -11.5
40 GULFMARK OFFSHORE INC GLF 64.68 -8.9
41 NATIONAL OILWELL VARCO NOV 83.14 -6.9
42 ATWOOD OCEANICS INC ATW 105.8 -6.8
43 PRIDE INTERNATIONAL INC PDE 45.8 -3.2
44 ANSYS INC ANSS 46.41 -5.2
45 NOBLE ENERGY INC NBL 98.31 -6.5
46 NEWMARKET CORPORATION NEU 75.29 -19.5
47 SWIFT ENERGY CO SFY 59.06 -6.8
48 NOBLE CORP NE 65.19 -2.8
49 VENOCO INC VQ 22.83 -3.7
50 WESTERN DIGITAL CORP WDC 37.45 -6.4
51 BERRY PETROLEUM CO CL A BRY 55.54 -4.2
52 PETROQUEST ENERGY INC PQ 23.03 -13.3
53 GARDNER DENVER INC GDI 53.29 -3.3
54 VALMONT INDUSTRIES INC VMI 116.82 -1.7
55 NETLOGIC MICROSYSTEMS NETL 36.7 -8.8
56 SUN HYDRAULICS INC SNHY 38.5 -7.2
57 COMPASS MINERALS INTL CMP 81.97 -1.4
58 ARCH COAL INC ACI 71.5 -5.6
59 PRICELINE.COM INC PCLN 126.9 -12.1
60 OLIN CORP OLN 24.54 0
61 KANSAS CITY SOUTHERN KSU 47.01 -7.2
62 RANGE RESOURCES CORP RRC 63.23 -17.7
63 MURPHY OIL CORP MUR 90.55 -9.2
64 N V E CORP NVEC 36.46 -13.1
65 OCCIDENTAL PETROLEUM OXY 88.07 -12
66 CLEAN HARBORS INC CLHB 73.96 -0.6
67 APACHE CORP APA 138.46 -7.2
68 WOODWARD GOVERNOR CO WGOV 39.78 -7
69 GORMAN-RUPP CO GRC 41.36 -8.8
70 BADGER METER INC BMI 49.5 -10
71 SADIA SA ADR SDA 23 -12.5
72 WEATHERFORD INTL LTD WFT 43.99 -9.1
73 AIRGAS INC ARG 62.2 -0.5
74 CIMAREX ENERGY CO XEC 70.37 -4
75 NORDSON CORP NDSN 74.69 -0.4
76 SOHU.COM INC SOHU 79.43 -13.2
77 PETROLEO BRAS SA PTR ADR PBR 67.94 -12.5
78 PETROLEO BRAS CL A ADR PBRA 56.01 -13.7
79 JOY GLOBAL INC JOYG 85.38 -5.1
80 W & T OFFSHORE INC WTI 55.75 -4.3
81 AXSYS TECHNOLOGIES INC AXYS 58.77 -8
82 PLEXUS CORP PLXS 30.18 -7.1
83 DARWIN PROF UNDERWRITERS DR 28.53 -2.9
84 A B B LTD ABB 29.94 -10.3
85 MINDRAY MEDICAL INTL ADS MR 39.98 -11.5
86 MILLICOM INTL CELLULAR MICC 115.88 -9
87 CORE LABORATORIES NV CLB 140.1 -9.9
88 CELANESE CORP CE 48.24 -3.4
89 ALMOST FAMILY INC AFAM 24.1 -3.7
90 ENCANA CORP ECA 91.06 -8.4
91 ATHEROS COMMUNICATIONS ATHR 33.27 -7.1
92 URBAN OUTFITTERS INC URBN 33.65 -4.9
93 ROBBINS & MYERS INC RBN 41.28 -7
94 ANADARKO PETROLEUM CORP APC 77.33 -5
95 AMPHENOL CORP CL A APH 48.75 -1
96 CAMERON INTL CORP CAM 55.03 -4.3
97 E O G RESOURCES INC EOG 130.31 -10.1
98 AEROPOSTALE INC ARO 32.42 -10
99 NEXEN INC NXY 40.35 -3.1
100 HORNBECK OFFSHORE SVCS HOS 53.77 -5.1
Hello All,
Looks like the market is digesting the previous run up and considering the oil news. V up $1.24
Best Regards
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