Thursday, July 31, 2008

OIL DOWN....Nasdaq UP....makes sense to ME $$$

Oil is down $2++ so far...right on cue....nice

NASDAQ UP also right on cue?

When markets have found SUPPORT...negative news only creates buying opportunity...

Markets are fighting all the expected economic news which was on the WEAK side.....

Tape IS telling me that economy has reached a TROUGH and will gradually build from here....

In my portfolio :

SOL UP 49 cents

RIMM UP $5.05

HOD.TO UP 39 cents

@ 11.19 AM the following in my watch list are green :

AAPL,FSLR,CSIQ,SOLF,JNPR,WFR,YGE,VMW,LDK,
WYNN,WYN,ISRG,CMED,VAR(new high),QLD,DUG,
SGP,GRMN,CIEN,JAVA.

BLOG does NOT give buy or sell.

Saleem
at

7 comments:

  1. dslnbullJuly 31, 2008 at 9:22 AM

    Hi salim

    Out from SOL in pre market and get in MOT.
    Something does not looks good in SOL.It is going down , no news is bad news .need some news from company.

    ReplyDelete
  2. Stocks100July 31, 2008 at 9:39 AM

    Hi Ds,

    Always do what feels right & you are comfortable with.

    Market may close showing reversal.

    Good luck with MOT.

    Saleem

    ReplyDelete
  3. madmaxJuly 31, 2008 at 9:53 AM

    Hey D's

    Do not give up on SOL itis MT to LT play
    Look at my Visa play Mastercard take a dump and V who has steller earnig today nose dives.. Visa even go an upgrade!! the market is sucking eggs
    Good luck
    M

    ReplyDelete
  4. dslnbullJuly 31, 2008 at 10:05 AM

    Hi, salim,

    Just bought back SOL at 16.
    Thanxs.

    ReplyDelete
  5. Stocks100July 31, 2008 at 10:16 AM

    Hi Ds,

    You are already making money with SOL......

    Good timing $$$$

    Saleem

    ReplyDelete
  6. standardshighJuly 31, 2008 at 2:42 PM

    Hi Saleem,

    Bear market mentality still. Sell off from traders at end of month. However, it looks like things are changing. Even the mass media is priming the pump, saying the bad is behind us. JC says its time to buy, we had hit bottom. More positive articles showing up on the wires. ATL gas $3.81 going down. What do you think of C as a long play?

    ReplyDelete
  7. Stocks100July 31, 2008 at 3:17 PM

    Hi Standards,

    C is an excellent bargain for the longterm......Fidelity dumped all C in its latest filing.....guess what C closed UP...it is only $4+ from 10 year LOW!!!

    Markets are on the mend......

    Saleem

    ReplyDelete