Bears are trying to push this market LOWER.......
Some buyers are stepping IN to challenge Bear tape......
Those who pick up bargain near bottom is USUALLY rewarded big time.....
In my portfolio :
AAPL rating 40/65 target $187.75......Market tape overpowers AAPL outstanding Fundamental News of 1 million 3G iphone Sales......Also some traders selling to capture any gains in this lousy tape.....
SOL rating 85/60 target $17.99......SOL showing back to back gains...sign of excellent technicals...
HOD.TO No TA....OIL tape looking very TOPPY...sign of distribution NEAR top end of range..
Strong sectors included Solar & AG.......
CSIQ AH announces another offering of Stock Sales of 4+ million shares.....It was expected alongwith TSL & YGE......
Market is bracing for bad inflation data & Ben Bernanke testimony.....
BLOG does NOT give buy or sell.
Saleem
8 comments:
Sold CSIQ AH as soon as the shelf offering was announced... sneaky move by CSIQ by raising guidance in the morning and then announcing offering after close....
I might get into SOL tomorrow.... already have YGE, TSL & LDK
I might also add more TSL as they announced that they entered the aerospace market and a plane will be using TSL cell... great news...
http://www.reuters.com/article/marketsNews/idINN1439404120080714?rpc=44
Hi Troy,
CSIQ dilution will be about 14.6% based on 4 million add-on plus current TOS of 27.39 Million....
8% add-on by SOL created a haircut of 39% in straight line....
How much haircut for CSIQ????
SOL is looking good..no secondary for a long while !!!
Saleem
SALEEM
Morning how is it going? Looking bad for today in MHO....
AAPL looks like a sell off in the wake of best sales ever for iphone--Jeff Mackie says sell AAPL, Fast Money is so full of crap.
I think our SOLAR play is on hold till the market settles out
M
Canadian Solar Sees High Sales
The solar cell maker said Q2 sales were likely $210 mil-$214 mil. Wall St. expects $188 mil. Canadian Solar (CSIQ) also backed its '09 solar module production forecast of 500-550 megawatts. Shares of Canadian Solar — with manufacturing in China — jumped 18.5%. But they lost a chunk of the gains in late trading after filing for a 3.5 mil U.S. share offering.
Genentech Raises 2008 Outlook
Hi Madmax,
AAPL tape has NOTHING to do with Jeff Macke.....He loves HD which is @ 5 years LOW @ $21...and going LOWER???
You do NOT make money by listening to LOUD-MOUTH who have to SREAM to make a point.....their POINT changes DAILY/HOURLY......
Bank on your OWN FA/TA plus TAPE reading......
Saleem
I'm thinking 10,700 is the majic number.
Hi Victor,
S&P 500 1200.43 today IS an interesting number ???
Was that the LOW of BEAR market???
Saleem
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