Wednesday, July 2, 2008

Dow & Nasdaq in "bear market"......

Dow & NASDAQ succumbed to relentless selling by closing in "bear market"

This is NOT a good news.......

This means that we go lot LOWER ...Dow 10,000 area CAN be a reality......

I MAY start a different strategy....I MAY sell into ANY RALLY......

In my portfolio :

AAPL rating 60/85 target $182.25

SOL rating 80/95 target $18.87

Today was a major CRACK in steel,Coal,Ag,Oil,Gas stocks.....a sign that we MAY have started a bottoming process......

NVDA warned AH down almost $5.....

BLOG does NOT give buy or sell.

Saleem
at

11 comments:

  1. madmaxJuly 2, 2008 at 6:36 PM

    SALEEM
    THis is not good
    What to do sell it all or wait it out?
    Ugh

    ReplyDelete
  2. Stocks100July 2, 2008 at 6:51 PM

    Hi Madmax,

    You CAN do the following :

    -See which stocks has highest comfort level in this environment.

    -Try to keep few stocks in your portfolio..this way you do not lose too much in sector selling.

    -Try to sell the rallies or make quick small profitable trades.

    Hope it helps !!!

    Saleem

    ReplyDelete
  3. Troy HouseJuly 2, 2008 at 7:00 PM

    this is brutal... just wait and hold and will turn around in a blink...looks like more sell off tomorrow if ECB raises rates...

    ReplyDelete
  4. Stocks100July 2, 2008 at 7:04 PM

    Hi Troy,

    ECB rate increase is already factored in markets & US$....

    Do not be surprised if we close GREEN...as we are oversold big time!!!

    I know...we can all use 1 UP day in a month....

    Saleem

    ReplyDelete
  5. dslnbullJuly 2, 2008 at 8:20 PM

    Hi, salim

    SOL does not looks too bad. It was 1 million traded after 2.40 to 4 pm.Almost good volume on upside. However in the morning it will go down and should recover with green.

    None of shares looks good. IPI, UPL, V, everything.......

    ReplyDelete
  6. standardshighJuly 2, 2008 at 9:08 PM

    Hi Saleem,

    This is getting horrible. I still have NVDA, and its getting trashed. Lots of blood in the streets as they say. Lots of people are getting wiped out now. My portfolio is getting severely bashed. BB's are full of people heading for the hills. What about all the retirement funds? Baby boomer's are taking it on the chin. WTF is going on?

    ReplyDelete
  7. rosesryellow2July 2, 2008 at 9:26 PM

    Saleem,

    Cash is king here my friend. Solar was in trouble right because the US Bureau of Land Management has... but now has just repealed...

    Solar is being shorted and bounces big time tomorrow. I am almost all cash... only in right now on anything to play the oversold bounce and then I retreat...

    Well, read the article...

    http://www.nytimes.com/2008/07/03/us/03solar.html?_r=1&adxnnl=1&oref=slogin&adxnnlx=1215058957-iRKISajqxHLPvBbRs3+a7Q

    Best,
    Jon

    ReplyDelete
  8. rosesryellow2July 2, 2008 at 9:29 PM

    http://www.nytimes.com/2008
    /07/03/us/03solar.html?_r=1&adxnnl
    =1&oref=slogin&adxnnlx=1215058957-
    iRKISajqxHLPvBbRs3+a7Q

    Easier...
    Just google Bureau of Land Solar New York Times...

    ReplyDelete
  9. Stocks100July 3, 2008 at 3:32 AM

    Hi Ds,

    SOL has been trashed relentlessly..down the-most...SOLF & JASO are higher but they will earn less???

    Saleem

    ReplyDelete
  10. Stocks100July 3, 2008 at 3:35 AM

    Hi Standards,

    Try to look @ your portfolio and narrow it down to few stocks.

    Days of buy & hold IS gone.

    Bear markets are very traumatic..it last a long time another six months likely.

    Saleem

    ReplyDelete
  11. Stocks100July 3, 2008 at 3:37 AM

    Hi Jon,

    You are very smart to be 100% cash.

    I tend to narrow it down to 2 stocks and see how it goes.

    Solar is overdue for a bounce based on oversold conditions & news from land management.

    Yes..play the bounce & retreat ...good idea.

    Saleem

    ReplyDelete