Following stocks are flashing buy signal.Please do your own due diligence by checking FA/TA/TAPE.
CSIQ,EMKR,FSLR,GROW,JBLU,JMBA,NOVL,SWIR,
MA,MTG,MER,NDN,TJX,V,YGE,RY,KOL.CM,LIZ,HST.
Next post on Monday by 10 AM.
Enjoy your labor day long weekend with friends & family.
BLOG does NOT give buy or sell.
Saleem
Saturday, August 30, 2008
Technically STRONG stocks for "a post hurricane market "
Following stocks are showing technical strength based on various formations.Please do your own due diligence by checking FA/TA/TAPE.
SYT,CCC,CDS,OI,VIP,PCP,DHI,AMZN,ALU,
AMD,ITT,NETL,MAS,WTR,SWC,SONE,MXWL,
PMCS,TBL,CCK.
BLOG does NOT give buy or sell.
Saleem
SYT,CCC,CDS,OI,VIP,PCP,DHI,AMZN,ALU,
AMD,ITT,NETL,MAS,WTR,SWC,SONE,MXWL,
PMCS,TBL,CCK.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for "a post hurricane market "
Following stocks are showing technical weakness based on various formations.Please do your own due diligence by checking FA/TA/TAPE.
BRCM,CHU,EXPE,STMP,AMC,SOHU,SLAB,HMA.
BLOG does NOT give buy or sell.
Saleem
BRCM,CHU,EXPE,STMP,AMC,SOHU,SLAB,HMA.
BLOG does NOT give buy or sell.
Saleem
Friday, August 29, 2008
S&P 500 closed @ 1282.83.....
S&P 500 is having trouble staying above 1300...
NASDAQ took the biggest hit by closing down 44.12...after being down 50+....
Financials were soft.....
Solar stocks stole the show AGAIN.....
In my portfolio :
AAPL rating 35/65 target $198.07
CSIQ rating 60/60 target $40.97
RIMM rating 55/90 target $150.41
SOL rating 50/50 target $28.36
DELL excuses about their shortfall & guidance was taken seriously ahead of the long weekend...thus techs paid a very heavy price today...Tuesday could be a totally different story...
By 10 AM Saturday ..I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
NASDAQ took the biggest hit by closing down 44.12...after being down 50+....
Financials were soft.....
Solar stocks stole the show AGAIN.....
In my portfolio :
AAPL rating 35/65 target $198.07
CSIQ rating 60/60 target $40.97
RIMM rating 55/90 target $150.41
SOL rating 50/50 target $28.36
DELL excuses about their shortfall & guidance was taken seriously ahead of the long weekend...thus techs paid a very heavy price today...Tuesday could be a totally different story...
By 10 AM Saturday ..I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Nasdaq taking a big hit down 42...so far !!!
NASDAQ is taking a big hit after DELL & MRVL ER was taken as negative going forward....
Oil is UP slightly...as GUSTAV will not land until Tuesday........
Solar stocks are bucking the trend as they are UP.......
In my portfolio :
SOL UP 39 cents
CSIQ UP $1.57
AAPL Down $3.49..weakness due to tech selling.....
RIMM Down $5.69.....RIMM Blackberry BOLD will be sold in US starting Oct 2nd...with full launch Oct 6th as per Barron's.....
@11.32 AM the following are green :
LDK ( contract with Hyundai),STP,JASO,YGE,LVS,SPWR,
FSLR,GS,X,IPI.
BLOG does NOT give buy or sell.
Saleem
Oil is UP slightly...as GUSTAV will not land until Tuesday........
Solar stocks are bucking the trend as they are UP.......
In my portfolio :
SOL UP 39 cents
CSIQ UP $1.57
AAPL Down $3.49..weakness due to tech selling.....
RIMM Down $5.69.....RIMM Blackberry BOLD will be sold in US starting Oct 2nd...with full launch Oct 6th as per Barron's.....
@11.32 AM the following are green :
LDK ( contract with Hyundai),STP,JASO,YGE,LVS,SPWR,
FSLR,GS,X,IPI.
BLOG does NOT give buy or sell.
Saleem
Thursday, August 28, 2008
S&P 500 closed @ 1300.68 !!!!
Markets were very strong and closed @ absolute HIGH of the day !!!!
Oil was DOWN ...much to surprise of many...
Gold was UP..much to surprise of many...
US$ was UP...much to surprise of many.....
Finally Markets were strong....much to surprise of many....
In my portfolio :
AAPL rating 30/80 target $198.12
CSIQ rating 15/85 target $38.23...Started to run ..but was stalled @ resistance $31.47 AGAIN ...and closed Down 55 cents...so much for my feeling.....I have the same feeling for strong Friday!!!
RIMM rating 25/85 target $151.12
SOL rating 40/55 target $28.37...Annual General Meeting is in Hong Kong as I write...should get some press/announcement for Friday trading.....CAN be a very good day for SOL !!!!
AH Dell ER missed big time down $3...putting pressure on techs...their excuse spending softness in Asia & Europe.....AAPL,HPQ,& other Asian Computer makers are eating Dell BRUNCH is the real reason.....
MRVL ER was a Beat but guiding EPS in-line but softer Sales than consensus......
BLOG does NOT give buy or sell.
Saleem
Oil was DOWN ...much to surprise of many...
Gold was UP..much to surprise of many...
US$ was UP...much to surprise of many.....
Finally Markets were strong....much to surprise of many....
In my portfolio :
AAPL rating 30/80 target $198.12
CSIQ rating 15/85 target $38.23...Started to run ..but was stalled @ resistance $31.47 AGAIN ...and closed Down 55 cents...so much for my feeling.....I have the same feeling for strong Friday!!!
RIMM rating 25/85 target $151.12
SOL rating 40/55 target $28.37...Annual General Meeting is in Hong Kong as I write...should get some press/announcement for Friday trading.....CAN be a very good day for SOL !!!!
AH Dell ER missed big time down $3...putting pressure on techs...their excuse spending softness in Asia & Europe.....AAPL,HPQ,& other Asian Computer makers are eating Dell BRUNCH is the real reason.....
MRVL ER was a Beat but guiding EPS in-line but softer Sales than consensus......
BLOG does NOT give buy or sell.
Saleem
Oil Down Dow UP triple digits !!!!
Oil is losing ground on fading fear of GUSTAV......
Markets are stronger today against historical trend.....
Financial are UP.....
Techs are UP....
Select Solar stocks are UP.....
In my portfolio :
SOL Down 6 cents...
CSIQ Down 28 cents...
AAPL UP $1.04 ...
RIMM UP 32 cents....
@ 11.29 AM the following are green in my watch list :
CMED,LDK,STP,VMW,JNPR,WFR,V,C,TKC,ICE,
NDAQ,WYNN,MA,LVS,NYX,GS,SPWR,FSLR,ISRG,
VAR,GOOG,QLD,SNY,AMZN,ABK.
BLOG does NOT give BUY or sell.
Saleem
Markets are stronger today against historical trend.....
Financial are UP.....
Techs are UP....
Select Solar stocks are UP.....
In my portfolio :
SOL Down 6 cents...
CSIQ Down 28 cents...
AAPL UP $1.04 ...
RIMM UP 32 cents....
@ 11.29 AM the following are green in my watch list :
CMED,LDK,STP,VMW,JNPR,WFR,V,C,TKC,ICE,
NDAQ,WYNN,MA,LVS,NYX,GS,SPWR,FSLR,ISRG,
VAR,GOOG,QLD,SNY,AMZN,ABK.
BLOG does NOT give BUY or sell.
Saleem
Wednesday, August 27, 2008
Oil UP ,Gold UP & Markets UP.....
Today was a very interesting close.....
Oil,Gold & Markets went along for the ride...
Financials UP...
Technology UP...
Steel's UP....
Nat Gas UP....
Oil UP....
Mighty Solar was UP....
Looks good for Thursday....although Art Cashin is predicting a Down Thursday.....based on history...are we going to CHANGE history...I believe so !!!!
In my portfolio :
AAPL rating 50/80 target $197.38
CSIQ rating 20/90 target $40.66...why do I have this feeling that CSIQ will fly Thursday????
RIMM rating 55/85 target $150.83
SOL rating 50/55 target $28.36
Above targets are MAX expectations.....realistic targets are well BELOW !!!
STP & LDK were the superstars among Solar stocks..STP had a new agreement to acquire Poly & Silicon wafer from GCL......
BLOG does NOT give buy or sell.
Saleem
Oil,Gold & Markets went along for the ride...
Financials UP...
Technology UP...
Steel's UP....
Nat Gas UP....
Oil UP....
Mighty Solar was UP....
Looks good for Thursday....although Art Cashin is predicting a Down Thursday.....based on history...are we going to CHANGE history...I believe so !!!!
In my portfolio :
AAPL rating 50/80 target $197.38
CSIQ rating 20/90 target $40.66...why do I have this feeling that CSIQ will fly Thursday????
RIMM rating 55/85 target $150.83
SOL rating 50/55 target $28.36
Above targets are MAX expectations.....realistic targets are well BELOW !!!
STP & LDK were the superstars among Solar stocks..STP had a new agreement to acquire Poly & Silicon wafer from GCL......
BLOG does NOT give buy or sell.
Saleem
Markets are Green so far.....
All indices are green....
Oil UP...
Gold UP.....
Fear of hurricane hitting oil installations are waning.....
In my portfolio :
SOL UP 16 cents
CSIQ Down 32 cents
AAPL Down 21 cents
Rimm UP 37 Cents
@ 11.30 AM the following are green :
VMW,LDK,STP,KGC,TLM,JASO,WFR,POT,
CTRN,CCJ,JRCC,BIDU,LVS,SOHU,NYX,VLO,
TSO,ABX,SPWR,FSLR,FWLT,AGU,TOL,X,IPI.
SOLF ER was a beat by 2 cents ..but margins were eroding on a Q/Q basis...Now 13.7% vs 15.8% in Q1...
BLOG does NOT give buy or sell.
Saleem
Oil UP...
Gold UP.....
Fear of hurricane hitting oil installations are waning.....
In my portfolio :
SOL UP 16 cents
CSIQ Down 32 cents
AAPL Down 21 cents
Rimm UP 37 Cents
@ 11.30 AM the following are green :
VMW,LDK,STP,KGC,TLM,JASO,WFR,POT,
CTRN,CCJ,JRCC,BIDU,LVS,SOHU,NYX,VLO,
TSO,ABX,SPWR,FSLR,FWLT,AGU,TOL,X,IPI.
SOLF ER was a beat by 2 cents ..but margins were eroding on a Q/Q basis...Now 13.7% vs 15.8% in Q1...
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 26, 2008
DOW & SP 500 green...Nasdaq Down 3.62 !!!
Markets fought lot of negativity......
Oil was UP...
Gold was UP....
Fed minutes were negative....
Banking default picture was getting worse.....
But....Markets closed half decent...not bad & bodes well for Wed tape !!!!
In my portfolio :
AAPL rating 60/80 target $196.44
CSIQ rating 25/80 target $38.39
RIMM rating 30/90 target $150.30
SOL rating 5/50 target $28.37
SOLF reports before open...expecting a beat....guidance depends on margins.....
BLOG does NOT give a buy or sell.
Saleem
Oil was UP...
Gold was UP....
Fed minutes were negative....
Banking default picture was getting worse.....
But....Markets closed half decent...not bad & bodes well for Wed tape !!!!
In my portfolio :
AAPL rating 60/80 target $196.44
CSIQ rating 25/80 target $38.39
RIMM rating 30/90 target $150.30
SOL rating 5/50 target $28.37
SOLF reports before open...expecting a beat....guidance depends on margins.....
BLOG does NOT give a buy or sell.
Saleem
Gold & Oil UP....Markets marking time !!!
Oil is UP....thanks to potential of hurricane disturbance towards oil installations....expected by Friday.....
Gold is UP as US$ retreats from its HIGHS.....
Solar stocks are taking a beating after moving sharply higher in two weeks......
In my portfolio :
SOL Down 77 cents....
CSIQ Down $1.51.....
AAPL UP $1.43....
RIMM UP 90 cents ...
@ 11.52 AM the following are green :
CMED,POT,C,FNM,FRE,WYNN,LVS,FSLR,ISRG,
GS,VAR,IBN,FWLT.
BLOG does NOT give buy or sell.
Saleem
Gold is UP as US$ retreats from its HIGHS.....
Solar stocks are taking a beating after moving sharply higher in two weeks......
In my portfolio :
SOL Down 77 cents....
CSIQ Down $1.51.....
AAPL UP $1.43....
RIMM UP 90 cents ...
@ 11.52 AM the following are green :
CMED,POT,C,FNM,FRE,WYNN,LVS,FSLR,ISRG,
GS,VAR,IBN,FWLT.
BLOG does NOT give buy or sell.
Saleem
Monday, August 25, 2008
FNM & FRE goes UP & DOW tanked 242 ???
Market is giving a clear message to Treasury to move beyond FNM & FRE ...
Today's selling in Financials was due to non-resolution of ongoing saga of FNM,FRE....
In my portfolio :
AAPL rating 30/80 target $195.38
CSIQ rating 50/60 target $40.98
RIMM rating 25/90 target $149.80
SOL rating 5/45 target $28.36
LDK upping the guidance for 09 gave a fighting chance to most Solar to stay GREEN..LDK UP $4.24.....
BLOG does NOT give buy or sell.
Saleem
Today's selling in Financials was due to non-resolution of ongoing saga of FNM,FRE....
In my portfolio :
AAPL rating 30/80 target $195.38
CSIQ rating 50/60 target $40.98
RIMM rating 25/90 target $149.80
SOL rating 5/45 target $28.36
LDK upping the guidance for 09 gave a fighting chance to most Solar to stay GREEN..LDK UP $4.24.....
BLOG does NOT give buy or sell.
Saleem
Markets are down triple digits..so far....
Oil is flattish...
Gold is down $6...
NASDAQ is Down almost 40 points....the weakest so far ???
LDK upping its guidance for 09...giving a big boost to its stock price UP almost $4 so far....
In my portfolio :
SOL UP 18 cents
CSIQ Down 1 cents
AAPL Down $2.67
RIMM Down $2.65
@ 11.30 AM the following are green :
BIDU,LVS,DUG,DXD,SDS,QID.
BLOG does NOT give buy or sell.
Saleem
Gold is down $6...
NASDAQ is Down almost 40 points....the weakest so far ???
LDK upping its guidance for 09...giving a big boost to its stock price UP almost $4 so far....
In my portfolio :
SOL UP 18 cents
CSIQ Down 1 cents
AAPL Down $2.67
RIMM Down $2.65
@ 11.30 AM the following are green :
BIDU,LVS,DUG,DXD,SDS,QID.
BLOG does NOT give buy or sell.
Saleem
Sunday, August 24, 2008
Solar stocks...Screaming BUY or Value trap !!!!
Solar stocks have come into focus after stunning earnings from LDK & STP......
LDK & STP are considered the real trend into the future of Solar because of their unique leadership position in the marketplace.......
Margins are still under pressure due to very high Polysilicon cost......there IS hope that we may see a declining prices in polysilicon by middle of 2009 which is the key ingredient for the production of Silicon Wafer which then makes PV cells......this will help the entire solar sector with higher margins and lower cost of PV cells...thus increase in acceptance by the governments & public.....
Solar energy is being encouraged by most 1st tier & 2nd tier countries all over the world...US,Japan & Italy are the new game in town......
So...let us look @ 2009 EPS for most Solar which I follow and see how their PE looks like based on Friday's close :
LDK.......$45.82 12/09 $4.32 PE 10.60
CSIQ......$31.88 12/09 $3.59 PE...8.88
SOL........$18.94 12/09 $2.25 PE...8.42
STP........$46.75 12/09 $2.61 PE 17.91
TSL........$33.17 12/09 $4.25 PE...7.80
JASO......$17.92 12/09 $1.59 PE 11.27
SOLF......$19.75 12/09 $1.17 PE 16.88
YGE........$17.86 12/09 $1.62 PE 11.02
FSLR...$282.82 12/09 $6.89 PE 41.05
SPWR...$96.59 12/09 $3.19 PE 30.28
Only SOLF has not reported Q2 which is coming out on Wed...so their consensus estimates MAY be revised UP after ER......
As you can see some Solar stocks are trading like Utilities where there is NO growth...while Solar Stocks are growing Sales in excess of 100%...
In normal bull market solar would have traded anywhere from half of their growth rate to 100% of their growth rate....check FSLR & SPWR PE ????
It IS safe to predict that Solar stocks will continue to expand their PE as market sentiments improve......
Lot of traders think that Oil prices has a direct link to valuation of Solar stocks.....I beg to disagree completely.....Most solar stocks were much higher when Oil was around $80.....Currently Oil is @ $114 area........Check the Highs on LDK & STP were higher by almost 100% back then
Oil will be range bound in 2008 from $100+ to $130 area....in 2009 I expect Oil to range from $120 to $160 area......these prices are very good for the future of Solar stocks.....
I suggest going with @ least two best ideas in Solar stocks.....You can look @ either Sales growth or EPS growth.....
LDK guidance was superb...STP was a big relief for the solar future business.....
Democratic convention starting from Monday will focus on Alternative Energy in a big way with talk of subsidy & incentive......That should boost Solar stocks !!!!
Good luck with your OWN Solar Analysis...not all Solar stocks are created equal...some ARE screaming buy right now......
BLOG does NOT give buy or sell.
Saleem
LDK & STP are considered the real trend into the future of Solar because of their unique leadership position in the marketplace.......
Margins are still under pressure due to very high Polysilicon cost......there IS hope that we may see a declining prices in polysilicon by middle of 2009 which is the key ingredient for the production of Silicon Wafer which then makes PV cells......this will help the entire solar sector with higher margins and lower cost of PV cells...thus increase in acceptance by the governments & public.....
Solar energy is being encouraged by most 1st tier & 2nd tier countries all over the world...US,Japan & Italy are the new game in town......
So...let us look @ 2009 EPS for most Solar which I follow and see how their PE looks like based on Friday's close :
LDK.......$45.82 12/09 $4.32 PE 10.60
CSIQ......$31.88 12/09 $3.59 PE...8.88
SOL........$18.94 12/09 $2.25 PE...8.42
STP........$46.75 12/09 $2.61 PE 17.91
TSL........$33.17 12/09 $4.25 PE...7.80
JASO......$17.92 12/09 $1.59 PE 11.27
SOLF......$19.75 12/09 $1.17 PE 16.88
YGE........$17.86 12/09 $1.62 PE 11.02
FSLR...$282.82 12/09 $6.89 PE 41.05
SPWR...$96.59 12/09 $3.19 PE 30.28
Only SOLF has not reported Q2 which is coming out on Wed...so their consensus estimates MAY be revised UP after ER......
As you can see some Solar stocks are trading like Utilities where there is NO growth...while Solar Stocks are growing Sales in excess of 100%...
In normal bull market solar would have traded anywhere from half of their growth rate to 100% of their growth rate....check FSLR & SPWR PE ????
It IS safe to predict that Solar stocks will continue to expand their PE as market sentiments improve......
Lot of traders think that Oil prices has a direct link to valuation of Solar stocks.....I beg to disagree completely.....Most solar stocks were much higher when Oil was around $80.....Currently Oil is @ $114 area........Check the Highs on LDK & STP were higher by almost 100% back then
Oil will be range bound in 2008 from $100+ to $130 area....in 2009 I expect Oil to range from $120 to $160 area......these prices are very good for the future of Solar stocks.....
I suggest going with @ least two best ideas in Solar stocks.....You can look @ either Sales growth or EPS growth.....
LDK guidance was superb...STP was a big relief for the solar future business.....
Democratic convention starting from Monday will focus on Alternative Energy in a big way with talk of subsidy & incentive......That should boost Solar stocks !!!!
Good luck with your OWN Solar Analysis...not all Solar stocks are created equal...some ARE screaming buy right now......
BLOG does NOT give buy or sell.
Saleem
Saturday, August 23, 2008
BUY rated stocks for "Higher highs in markets "
Following stocks are flashing buy signal.Please do your own due diligence by monitoring FA/TA/TAPE.
BBBY,COCO,FSLR,MIPS,MSTR,SNDA,LCRD,CRUS,
YGE,TGT,JNY,HLF,FL.
Next post by 10 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
BBBY,COCO,FSLR,MIPS,MSTR,SNDA,LCRD,CRUS,
YGE,TGT,JNY,HLF,FL.
Next post by 10 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for "Higher highs in markets "
Following stocks are showing technical strength based on various formations.Please do your own due diligence by monitoring FA/TA/TAPE.
GLW,WMT,EGO,CNQ,ECA,EDU,AXP,TSL,JASO,
HPQ,NGAS,CTRN,ACI.
BLOG does NOT give buy or sell.
Saleem
GLW,WMT,EGO,CNQ,ECA,EDU,AXP,TSL,JASO,
HPQ,NGAS,CTRN,ACI.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for "Higher highs in markets "
Following stocks are showing technical weakness based on various formations.Please do your own due diligence by monitoring FA/TA/TAPE.
NT,BID,BIDZ,HOV,R,ERIC,SNY,NVTL,CN,ASIA,OMX,
BEBE.
BLOG does NOT give buy or sell.
Saleem
NT,BID,BIDZ,HOV,R,ERIC,SNY,NVTL,CN,ASIA,OMX,
BEBE.
BLOG does NOT give buy or sell.
Saleem
Friday, August 22, 2008
Oil "crashed"...... DOW UP 197.85 !!!!
Russian's left Georgia...so oil crashed......if you want to believe that ...go ahead !!!!
For Historian's.....Oil fell 5.4% biggest DROP since 2004...on NO NEWS ????
Markets were loving Oil downward spiral through $117 to a close of $114.59 a $6.59 DROP....
Markets are finding reason to move HIGHER from oversold conditions.......
In my portfolio :
AAPL rating 55/70 target $194.84.....AAPL moving gradually higher...has a good chance of taking out recent HIGHS......3G iphone went into another 20+ countries......
CSIQ rating 50/55 target $38.42
RIMM rating 40/45 target $145.13....Market is recognizing that there is enough business for both RIMM & AAPL...thus my position in both......
SOL rating 30/30 target $28.36......Most solar stocks were UP as this sector wants to go HIGHER...Democratic convention will FOCUS on Alternative Energy in a big way....
STP was the superstar in solar AGAIN !!!
By 10AM Saturday I will post a list of technically weak/strong /buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
For Historian's.....Oil fell 5.4% biggest DROP since 2004...on NO NEWS ????
Markets were loving Oil downward spiral through $117 to a close of $114.59 a $6.59 DROP....
Markets are finding reason to move HIGHER from oversold conditions.......
In my portfolio :
AAPL rating 55/70 target $194.84.....AAPL moving gradually higher...has a good chance of taking out recent HIGHS......3G iphone went into another 20+ countries......
CSIQ rating 50/55 target $38.42
RIMM rating 40/45 target $145.13....Market is recognizing that there is enough business for both RIMM & AAPL...thus my position in both......
SOL rating 30/30 target $28.36......Most solar stocks were UP as this sector wants to go HIGHER...Democratic convention will FOCUS on Alternative Energy in a big way....
STP was the superstar in solar AGAIN !!!
By 10AM Saturday I will post a list of technically weak/strong /buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Gold & Oil Down & Markets moving on UP !!!!
GOLD down...
OIL down......
What happened to Russian factor????
I am sure Russian tanks are out of Georgia....I think NOT.....
Markets are enjoying Oil slump to $117 area.....
In my portfolio :
AAPL UP $2.16.....3G iphone being sold in INDIA as of last night....
RIMM Down $1.12 Blacberry BOLD will be sold all over Canada starting Monday....Thursday it was in Rogers Network only.....
SOL Down 35 cents
CSIQ Down 77 cents
@ 11.20 AM the following are green :
VMW,JNPR,WFR,V,YGE,C,ICE,YHOO,NDAQ,WYNN,
MA,BIDU,WYN,SOHU,ISRG,XLF,SNE,GS,GOOG,QLD,
AMZN,LRCX,AZO,ALX.
CSUN reported a beat on both Sales & EPS but NOT guiding higher for the year.
BLOG does NOT give buy or sell.
Saleem
OIL down......
What happened to Russian factor????
I am sure Russian tanks are out of Georgia....I think NOT.....
Markets are enjoying Oil slump to $117 area.....
In my portfolio :
AAPL UP $2.16.....3G iphone being sold in INDIA as of last night....
RIMM Down $1.12 Blacberry BOLD will be sold all over Canada starting Monday....Thursday it was in Rogers Network only.....
SOL Down 35 cents
CSIQ Down 77 cents
@ 11.20 AM the following are green :
VMW,JNPR,WFR,V,YGE,C,ICE,YHOO,NDAQ,WYNN,
MA,BIDU,WYN,SOHU,ISRG,XLF,SNE,GS,GOOG,QLD,
AMZN,LRCX,AZO,ALX.
CSUN reported a beat on both Sales & EPS but NOT guiding higher for the year.
BLOG does NOT give buy or sell.
Saleem
Thursday, August 21, 2008
Markets fought Oil & Gold Euphoria by closing in green on Dow & S&P 500 !!!
Markets were looking ominous with Oil taking off & Gold screaming back UP...all on a new excuse of Russia.....What happened to Iran & Nigeria.....I guess they needed fresh & improved manufactured reason......
Oil & Gold went UP ...because they were "severely oversold"
US$ went Down because it was "overbought"
I guess financial markets are so used to SPIN that old reason of OB & OS is NOT good enough....
Stock markets IGNORED all the Russian fear mongering and went ahead with business @ hand by closing green...because it was OVERSOLD.....an old-fashioned TAPE !!!!
In my portfolio :
AAPL rating 30/80 target $193.81
CSIQ rating 50/60 target $40.70
RIMM rating 40/45 target $145.13
SOL rating 5/30 target $27.95
PS....I am using max target for all stocks...realistic targets CAN be much LOWER !!!!
Friday looks like a GREEN day.......
BLOG does NOT give buy or sell.
Saleem
Oil & Gold went UP ...because they were "severely oversold"
US$ went Down because it was "overbought"
I guess financial markets are so used to SPIN that old reason of OB & OS is NOT good enough....
Stock markets IGNORED all the Russian fear mongering and went ahead with business @ hand by closing green...because it was OVERSOLD.....an old-fashioned TAPE !!!!
In my portfolio :
AAPL rating 30/80 target $193.81
CSIQ rating 50/60 target $40.70
RIMM rating 40/45 target $145.13
SOL rating 5/30 target $27.95
PS....I am using max target for all stocks...realistic targets CAN be much LOWER !!!!
Friday looks like a GREEN day.......
BLOG does NOT give buy or sell.
Saleem
Oil & Gold UP huge & Dow down only 70 points????
Oil UP $6...
Gold UP $26...
US$ Down.....
Dow Down 70 points ???.....
It means that markets are NOT surprised @ this price adjustment in Oil & Gold...US$ down move is also NOT a surprise......
In my portfolio :
Bought RIMM cost $129
Bought AAPL cost $173.60
Portfolio is AAPL,RIMM,SOL,CSIQ.....
RIMM UP 48 cents ..I am UP $1.76
AAPL down $3.28..I am Down $1.04
SOL down 31 cents
CSIQ Down 19 cents
@11.31 AM the following in my watch list are green :
VMW,KGC,TLM,SOLF,WFR,SLV,GG,ABX,AEM,
POT,AGU,IPI,CTRN,CCJ,IGT,JRCC,LVS,AUY,
SPWR,FSLR,FWLT,ICO.
BLOG does NOT give buy or sell.
Saleem
Gold UP $26...
US$ Down.....
Dow Down 70 points ???.....
It means that markets are NOT surprised @ this price adjustment in Oil & Gold...US$ down move is also NOT a surprise......
In my portfolio :
Bought RIMM cost $129
Bought AAPL cost $173.60
Portfolio is AAPL,RIMM,SOL,CSIQ.....
RIMM UP 48 cents ..I am UP $1.76
AAPL down $3.28..I am Down $1.04
SOL down 31 cents
CSIQ Down 19 cents
@11.31 AM the following in my watch list are green :
VMW,KGC,TLM,SOLF,WFR,SLV,GG,ABX,AEM,
POT,AGU,IPI,CTRN,CCJ,IGT,JRCC,LVS,AUY,
SPWR,FSLR,FWLT,ICO.
BLOG does NOT give buy or sell.
Saleem
Wednesday, August 20, 2008
Solar Stocks brought "Sunshine to markets" UP 9%+++
What a day for solar stocks......
Solar stocks were UP anywhere from 9% to 15%......
STP ER gave a confirmation that "worldwide GROWTH in Solar is way BIGGER than Spain contraction"
Most solar stocks were trading above their support area...NOW all of them are challenging their RESISTANCE......
In my portfolio :
Sold KGC ....booked a gain of 52 cents per share....got to take ANY gain which comes your way....
Bought CSIQ cost $30.25.....Has built a very long & strong base above $27.....
Portfolio is SOL,CSIQ.....all Solar.....
CSIQ rating 40/60 target $38.26....
SOL rating 10/30 target $28.34....
Financials were in the news that FNM,FRE are going to Zero as Feds will take over ????
Techs,Ag,Steels were strong also......
It is a difficult market to make money...so I trade some & keep some as core position....
BLOG does NOT give buy or sell.
Saleem
Solar stocks were UP anywhere from 9% to 15%......
STP ER gave a confirmation that "worldwide GROWTH in Solar is way BIGGER than Spain contraction"
Most solar stocks were trading above their support area...NOW all of them are challenging their RESISTANCE......
In my portfolio :
Sold KGC ....booked a gain of 52 cents per share....got to take ANY gain which comes your way....
Bought CSIQ cost $30.25.....Has built a very long & strong base above $27.....
Portfolio is SOL,CSIQ.....all Solar.....
CSIQ rating 40/60 target $38.26....
SOL rating 10/30 target $28.34....
Financials were in the news that FNM,FRE are going to Zero as Feds will take over ????
Techs,Ag,Steels were strong also......
It is a difficult market to make money...so I trade some & keep some as core position....
BLOG does NOT give buy or sell.
Saleem
Oil & Gold Down..markets UP.....
Markets getting BID after being sold off for two days......
Oil Down...
Gold Down..
Techs UP....
Solar UP....
In my portfolio :
SOL UP 83 cents..Merrill Lynch upgraded to a BUY & $30 target.
KGC Down 15 cents
@11.31 AM the following stocks are green in my watch list :
RIMM,AAPL,BRCM,CSIQ,STP(beat & guide UP),LDK,
HPQ,JASO,SOLF,V,YGE,NVDA,C,ICE,CCJ,IGT,MA,
BIDU,SOHU,NMX,VLO,SPWR,FSLR,GS,VAR,IBN,
GOOG,FWLT,AGU,AMZN,ACH,IPI,AZO,ALX.
BLOG does NOT give buy or sell.
Saleem
Oil Down...
Gold Down..
Techs UP....
Solar UP....
In my portfolio :
SOL UP 83 cents..Merrill Lynch upgraded to a BUY & $30 target.
KGC Down 15 cents
@11.31 AM the following stocks are green in my watch list :
RIMM,AAPL,BRCM,CSIQ,STP(beat & guide UP),LDK,
HPQ,JASO,SOLF,V,YGE,NVDA,C,ICE,CCJ,IGT,MA,
BIDU,SOHU,NMX,VLO,SPWR,FSLR,GS,VAR,IBN,
GOOG,FWLT,AGU,AMZN,ACH,IPI,AZO,ALX.
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 19, 2008
S&P 500 low 1263.11 closed @ 1266.69......
Markets were deep in RED whole day...closing slightly above lows of the day......
Gold & Oil rallied after finding support......
Most commodity related stocks were UP.....
In my portfolio :
SOLD TLM to book a gain of 40 cents per share.....wanted to buy more SOL as it was in RED after a very strong ER...
Bought more SOL and my cost went down to $17.86....ER was very strong and guidance was above analyst consensus...Piper Jaffray repeated a BUY & $35 target...EPS for 08 is $1.43 & $2.82 for 09.....based on 09 EPS SOL is trading @ PE of 6.20.....
LDK is expected to earn $4.32 in 09 & its PE is 10.23......So SOL is trading @ a discount of 39.39% from its peer LDK ??????interesting valuation difference after both have reported their strong earning of Q2...either LDK has to come down or more likely SOL has to play CATCH UP to a level of $28.85 to be @ same PE of 10.23....will be nice $$$$$
SOL rating 15/50 target $20.85
KGC rating 100/90 target $19.39
Portfolio is SOL,KGC.....
STP reports before open...expecting it to be a BEAT & guide UP...should help all solar stocks...
HPQ reported a BEAT.....Techs higher AH.....should be positive for markets @ open !!!
BLOG does NOT give buy or sell.
Saleem
Gold & Oil rallied after finding support......
Most commodity related stocks were UP.....
In my portfolio :
SOLD TLM to book a gain of 40 cents per share.....wanted to buy more SOL as it was in RED after a very strong ER...
Bought more SOL and my cost went down to $17.86....ER was very strong and guidance was above analyst consensus...Piper Jaffray repeated a BUY & $35 target...EPS for 08 is $1.43 & $2.82 for 09.....based on 09 EPS SOL is trading @ PE of 6.20.....
LDK is expected to earn $4.32 in 09 & its PE is 10.23......So SOL is trading @ a discount of 39.39% from its peer LDK ??????interesting valuation difference after both have reported their strong earning of Q2...either LDK has to come down or more likely SOL has to play CATCH UP to a level of $28.85 to be @ same PE of 10.23....will be nice $$$$$
SOL rating 15/50 target $20.85
KGC rating 100/90 target $19.39
Portfolio is SOL,KGC.....
STP reports before open...expecting it to be a BEAT & guide UP...should help all solar stocks...
HPQ reported a BEAT.....Techs higher AH.....should be positive for markets @ open !!!
BLOG does NOT give buy or sell.
Saleem
Markets down 1% so far.......
Markets are RED again.......thanks to PPI which was hotter than expected......
Gold found support around $790 area and is moving UP now......
Oil is also finding support around $112 area.......lot of churning in that area.....sign of a MAJOR REVERSAL ????
Ag is strong......
Oil stocks are green....
Nat gas stocks are green....
Gold stocks are green......
Coal stocks are green....
Getting the picture...it IS the OVERSOLD sector !!!!!
In my portfolio :
SOL Down 43 cents.....ER was very impressive but needs to build another base here before moving HIGHER.....ran UP from $14 to $19 in anticipation of good ER....that was a move of 36%...so we are trying to digest that recent gains.......
KGC UP 45 cents......
TLM UP 43 cents.....
@ 11.35 AM the following are green in my watch list :
AAPL,JASO,WFR,LDK,POT,AGU,IPI,JRCC,MA,BIDU,
SOHU,NMX,ABX,SPWR,FSLR,ISRG,GSI,X,DXD,SDS.
STP reports before open...trading near support for a long time???
BLOG does NOT give buy or sell.
Saleem
Gold found support around $790 area and is moving UP now......
Oil is also finding support around $112 area.......lot of churning in that area.....sign of a MAJOR REVERSAL ????
Ag is strong......
Oil stocks are green....
Nat gas stocks are green....
Gold stocks are green......
Coal stocks are green....
Getting the picture...it IS the OVERSOLD sector !!!!!
In my portfolio :
SOL Down 43 cents.....ER was very impressive but needs to build another base here before moving HIGHER.....ran UP from $14 to $19 in anticipation of good ER....that was a move of 36%...so we are trying to digest that recent gains.......
KGC UP 45 cents......
TLM UP 43 cents.....
@ 11.35 AM the following are green in my watch list :
AAPL,JASO,WFR,LDK,POT,AGU,IPI,JRCC,MA,BIDU,
SOHU,NMX,ABX,SPWR,FSLR,ISRG,GSI,X,DXD,SDS.
STP reports before open...trading near support for a long time???
BLOG does NOT give buy or sell.
Saleem
SOL Beats on every metric...Raised guidance also !!!
SOL Q2 was a BEAT on Sales & EPS......
Sales came in @ $173 million vs est of $141.30 million
EPS came in @ 38 cents vs est of 31/32 cents
Gross Margin increased to 24.7% from 22.1% in Q1
Guidance was raised to $640 to $670 million from previous $570 to $590 million in revenue for 2008.....
After all this SOL is DOWN $1.20 in pre-market????
BLOG does NOT give buy or sell.
Saleem
Sales came in @ $173 million vs est of $141.30 million
EPS came in @ 38 cents vs est of 31/32 cents
Gross Margin increased to 24.7% from 22.1% in Q1
Guidance was raised to $640 to $670 million from previous $570 to $590 million in revenue for 2008.....
After all this SOL is DOWN $1.20 in pre-market????
BLOG does NOT give buy or sell.
Saleem
Monday, August 18, 2008
S&P 500 low 1274.51...closed @ 1278.60
Markets were in deep red ...correcting an overbought conditions in financials......
Oil lost little ground....down less than a $.....
Gold ran UP...closing above $800......
In my portfolio :
KGC rating 85/95 target $19.58.....
SOL rating 45/45 target $20.78....
TLM rating 60/80 target $18.58....
SOL reports before open Consensus estimates are Sales $141.30 million EPS 32 cents..Expecting a BEAT & guide UP for 08 from consensus Sales of $612.01 million......Silicon Wafer makers like WFR,LDK all doing well to meet worldwide demand for Solar Wafers......
Blog does NOT give buy or sell.
Saleem
Oil lost little ground....down less than a $.....
Gold ran UP...closing above $800......
In my portfolio :
KGC rating 85/95 target $19.58.....
SOL rating 45/45 target $20.78....
TLM rating 60/80 target $18.58....
SOL reports before open Consensus estimates are Sales $141.30 million EPS 32 cents..Expecting a BEAT & guide UP for 08 from consensus Sales of $612.01 million......Silicon Wafer makers like WFR,LDK all doing well to meet worldwide demand for Solar Wafers......
Blog does NOT give buy or sell.
Saleem
Markets are small RED ...so far !!!!
Markets are down slightly in all indices.....
Oil is DOWN.....testing support AGAIN.....
Gold IS UP....recovering from huge downdraft.....
Global uncertainty NOT helping Oil ...so far .....
In my portfolio :
Added more TLM cost went UP to $16.60.....Oil opened higher then turned Lower....
SOL down 5 cents...Ran UP to $19.17......Reports before Open Tuesday !!!!
KGC UP 52 cents
TLM UP 14 cents
@ 11.26 AM the following are green in my watch list :
AAPL,BRCM,SLV,CMED,NVDA,SOLF,POT,
CCJ,JRCC,MA,ABX,GG,SNE,FWLT,AGU,
IPI,ALX.
TSL reported below consensus due to Foreign exchange Loss...upping guidance on Sales but keeping operating margin the same.....Down $1.50....
BLOG does NOT give buy or sell.
Saleem
Oil is DOWN.....testing support AGAIN.....
Gold IS UP....recovering from huge downdraft.....
Global uncertainty NOT helping Oil ...so far .....
In my portfolio :
Added more TLM cost went UP to $16.60.....Oil opened higher then turned Lower....
SOL down 5 cents...Ran UP to $19.17......Reports before Open Tuesday !!!!
KGC UP 52 cents
TLM UP 14 cents
@ 11.26 AM the following are green in my watch list :
AAPL,BRCM,SLV,CMED,NVDA,SOLF,POT,
CCJ,JRCC,MA,ABX,GG,SNE,FWLT,AGU,
IPI,ALX.
TSL reported below consensus due to Foreign exchange Loss...upping guidance on Sales but keeping operating margin the same.....Down $1.50....
BLOG does NOT give buy or sell.
Saleem
Sunday, August 17, 2008
Markets getting OVERBOUGHT AGAIN ????
So...we had nice rally from the bottom......
S&P 500 kissing 1300......
How far we can go in this rally???
If you focus on S&P 500.....we will be hitting MAJOR resistance just ahead???
What will cause this resistance???
Slightly overbought conditions & Oil & US$ REVERSING.......
Oil has been beaten down to a very UNREALISTIC level of $111???
Why $111 is unrealistic?
Because??
$120 Oil is a "reasonable price" based on where we have been...like $147....
We need $120 oil to encourage exploration & development of Oil Sands projects in Canada....
We need $120 oil to enforce the SHIFT in conservation.....
We need $120 oil to stay away from gas guzzlers like SUV.....
$120 Oil will force ways to be more productive...like a 4 day work week...which will save 20% gasoline for every consumer....which will be a nice savings.....so we work 10 hrs per day instead of 8 hours for 5 days......No loss in productivity !!!!
US$ has also gone too far too fast and need a rest for sideways to LOWER tape.....Please keep in mind I am long US$.......
So.....
If S&P 500 is going to face resistance SOON...then what could be a contrary play????
I am sure most of us have seen serious ROTATION going on in various sector very quickly.....
Contrary play is Solar, Oil,Nat Gas,Gold,Steel,Coal,Ag........as they are all OVERSOLD unlike S&P 500 which IS getting OVERBOUGHT......
As an investor/trader ...we need to LEARN the REALITY of overbought vs oversold...or else you will be sitting in a losing stocks longer than PRUDENT......
Markets have been very TOUGH & will remain SO...as everybody has become either swing or daytrader......I am in the camp of swing trader where my comfort level lies.....
So .....I am following the oversold theory by having the following stocks in my trading portfolio :
SOL.....a very good Solar play......
TLM.....a beaten down Oil & Nat Gas exploration/producing company......
KGC....a Gold producer......
Do NOT run your portfolio based on CNBC or other momentum followers...as momentum is very short lived these days.....by the time you get IN...it is OVERBOUGHT.......
So....do the opposite of shouting pundits.....
Buy early......
Sit tight......
Sell when euphoria sets IN......
Keep repeating the overbought & oversold sector game.....
So...how to detect OB & OS numbers......I go to my old reliable RSI indicator.....
These days RSI do not get really oversold...or overbought range.....they are lower or higher than
90 days range...to reflect QUICK in & out trading.......
So... do some homework on your preferred technical indicators on your chosen stocks & you will get the picture.....
Good luck on another challenging week ....where NEW strategy from last week will QUICKLY becomes OLD....
BLOG does NOT give buy or sell.
Saleem
S&P 500 kissing 1300......
How far we can go in this rally???
If you focus on S&P 500.....we will be hitting MAJOR resistance just ahead???
What will cause this resistance???
Slightly overbought conditions & Oil & US$ REVERSING.......
Oil has been beaten down to a very UNREALISTIC level of $111???
Why $111 is unrealistic?
Because??
$120 Oil is a "reasonable price" based on where we have been...like $147....
We need $120 oil to encourage exploration & development of Oil Sands projects in Canada....
We need $120 oil to enforce the SHIFT in conservation.....
We need $120 oil to stay away from gas guzzlers like SUV.....
$120 Oil will force ways to be more productive...like a 4 day work week...which will save 20% gasoline for every consumer....which will be a nice savings.....so we work 10 hrs per day instead of 8 hours for 5 days......No loss in productivity !!!!
US$ has also gone too far too fast and need a rest for sideways to LOWER tape.....Please keep in mind I am long US$.......
So.....
If S&P 500 is going to face resistance SOON...then what could be a contrary play????
I am sure most of us have seen serious ROTATION going on in various sector very quickly.....
Contrary play is Solar, Oil,Nat Gas,Gold,Steel,Coal,Ag........as they are all OVERSOLD unlike S&P 500 which IS getting OVERBOUGHT......
As an investor/trader ...we need to LEARN the REALITY of overbought vs oversold...or else you will be sitting in a losing stocks longer than PRUDENT......
Markets have been very TOUGH & will remain SO...as everybody has become either swing or daytrader......I am in the camp of swing trader where my comfort level lies.....
So .....I am following the oversold theory by having the following stocks in my trading portfolio :
SOL.....a very good Solar play......
TLM.....a beaten down Oil & Nat Gas exploration/producing company......
KGC....a Gold producer......
Do NOT run your portfolio based on CNBC or other momentum followers...as momentum is very short lived these days.....by the time you get IN...it is OVERBOUGHT.......
So....do the opposite of shouting pundits.....
Buy early......
Sit tight......
Sell when euphoria sets IN......
Keep repeating the overbought & oversold sector game.....
So...how to detect OB & OS numbers......I go to my old reliable RSI indicator.....
These days RSI do not get really oversold...or overbought range.....they are lower or higher than
90 days range...to reflect QUICK in & out trading.......
So... do some homework on your preferred technical indicators on your chosen stocks & you will get the picture.....
Good luck on another challenging week ....where NEW strategy from last week will QUICKLY becomes OLD....
BLOG does NOT give buy or sell.
Saleem
Saturday, August 16, 2008
BUY rated stocks for "a new TEST of resistance "
Following stocks are flashing buy signal.Please do your OWN due diligence by monitoring FA/TA/TAPE.
BWLD,JASO,JAVA,JBLU,JNPR,KONG,SNDK,SOLF,
SWKS,TLAB,YTEC,AN,AZO,DAL,CY,LIZ,SIX,SKS,
STP,TIF,VMW,UIS.
Next post by 10 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
BWLD,JASO,JAVA,JBLU,JNPR,KONG,SNDK,SOLF,
SWKS,TLAB,YTEC,AN,AZO,DAL,CY,LIZ,SIX,SKS,
STP,TIF,VMW,UIS.
Next post by 10 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for "a new TEST of resistance "
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by doing FA/TA/TAPE.
SNY,ENER,WMT,NDAQ,ADSK,WLP,EGLE,
ASIA,FTEK,MSO,BID,HMIN,SPWR,CPSL,
TSO.
BLOG does NOT give buy or sell.
Saleem
SNY,ENER,WMT,NDAQ,ADSK,WLP,EGLE,
ASIA,FTEK,MSO,BID,HMIN,SPWR,CPSL,
TSO.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for "a new TEST of resistance "
Following stocks are technically weak based on various formations.Please do your OWN due diligence by doing FA/TA/TAPE.
EGO,SGR,PZZA,WIT,ALU,DT,KBH,DHI,SGP,SYT,
CF,GLD,EWZ,BRP.
BLOG does NOT give buy or sell.
Saleem
EGO,SGR,PZZA,WIT,ALU,DT,KBH,DHI,SGP,SYT,
CF,GLD,EWZ,BRP.
BLOG does NOT give buy or sell.
Saleem
Friday, August 15, 2008
Markets enjoyed Oil & Gold @ LOW......
Markets were celebrating the recent SLUMP in Oil & Gold as a signal that inflation is dead....
Inflation story is far from over.......
$113 Oil is still way UP from last year.....
Grains are still higher than last year......
So .....the inflation victory MAY be pre-mature !!!!
OE played some role in "containing celebration of low oil & Gold......
Monday could be "very interesting day in markets".......
In my portfolio :
KGC rating 65/95 target $19.66
SOL rating 50/45 target $20.79
TLM rating 70/80 target $18.58
TSL reports before open Monday
SOL reports before open Tuesday
STP reports before open Wednesday
All Solar ER should be strong !!!!!
By 10AM ...I will post a list of technically strong/weak & buy rated stocks....
BLOG does NOT give buy or sell.
Saleem
Inflation story is far from over.......
$113 Oil is still way UP from last year.....
Grains are still higher than last year......
So .....the inflation victory MAY be pre-mature !!!!
OE played some role in "containing celebration of low oil & Gold......
Monday could be "very interesting day in markets".......
In my portfolio :
KGC rating 65/95 target $19.66
SOL rating 50/45 target $20.79
TLM rating 70/80 target $18.58
TSL reports before open Monday
SOL reports before open Tuesday
STP reports before open Wednesday
All Solar ER should be strong !!!!!
By 10AM ...I will post a list of technically strong/weak & buy rated stocks....
BLOG does NOT give buy or sell.
Saleem
Oil & Gold being TRASHED....market Lovin IT !!!!
Well well well......what goes UP is coming DOWN in a hurry????
OIL is being dumped as if we can use water in cars.....& by the way...water is getting more expensive daily...as we are experiencing drinking water shortage around the world......
Gold is being DUMPED as if someone will flood the markets with cheap gold....NO such things....
Oil,Gold,Nat gas are deep in BEAR territory......the question is for how long......may NOT last till end of trading day today......
Welcome to the world of fast money chasing anything on the UPside or DOWNside......things CHANGE in split second......I see HUGE short covering in Oil,Gold,Nat Gas in a HURRY !!!!
In my portfolio :
Sold RIMM and booked a profit of $4.50 per share......
Bought more TLM ...cost went UP to $16.61
Portfolio is SOL,TLM,KGC.......
SOL UP 89 cents... well above 50DMA.....expecting a BEAT & guide UP for 08.....reports Tuesday before OPEN.....
KGC Down 63 cents
TLM Down 45 cents
@ 11.26 AM the following in my watch list are green :
BRCM,TOL,CSIQ,JNPR,JASO,SOLF,V,VMW(breakout),
STP(breakout),YGE,C,LDK,WFR,ICE,CTRN,NDAQ,
YHOO,MA,NMX,VLO,SPWR(huge contract),FSLR,
VAR(new high),GOOG,DUG,SNY,AZO.
BLOG does NOT give buy or sell.
Saleem
OIL is being dumped as if we can use water in cars.....& by the way...water is getting more expensive daily...as we are experiencing drinking water shortage around the world......
Gold is being DUMPED as if someone will flood the markets with cheap gold....NO such things....
Oil,Gold,Nat gas are deep in BEAR territory......the question is for how long......may NOT last till end of trading day today......
Welcome to the world of fast money chasing anything on the UPside or DOWNside......things CHANGE in split second......I see HUGE short covering in Oil,Gold,Nat Gas in a HURRY !!!!
In my portfolio :
Sold RIMM and booked a profit of $4.50 per share......
Bought more TLM ...cost went UP to $16.61
Portfolio is SOL,TLM,KGC.......
SOL UP 89 cents... well above 50DMA.....expecting a BEAT & guide UP for 08.....reports Tuesday before OPEN.....
KGC Down 63 cents
TLM Down 45 cents
@ 11.26 AM the following in my watch list are green :
BRCM,TOL,CSIQ,JNPR,JASO,SOLF,V,VMW(breakout),
STP(breakout),YGE,C,LDK,WFR,ICE,CTRN,NDAQ,
YHOO,MA,NMX,VLO,SPWR(huge contract),FSLR,
VAR(new high),GOOG,DUG,SNY,AZO.
BLOG does NOT give buy or sell.
Saleem
Thursday, August 14, 2008
Oil Down ...Markets closed Green !!!!
Market is following an interesting pattern......
One day UP ..Next day DOWN......
Oil UP... Markets DOWN......
Oil DOWN ....Markets UP....
Gold trying to make a "double bottom ABOVE $800/OZ"
AG were Down.....
Financials were STRONG...
Techs were STRONG.....
IPI was down the-most % wise....ER was a BEAT ....must be some BUT in their report...do NOT follow that stock.....Near 52 week LOW????
In my portfolio :
KGC rating 65/95 target $19.61
RIMM rating 5/30 target $138.17
SOL rating 65/55 target $20.72
TLM rating 80/75 target $18.58
CTRP was UP $10 on great ER......
TSL reports before Open (Monday)......has been laggard among all solar stock......
OE will be very interesting as markets are on the "healthy side".....
BLOG does NOT give buy or sell.
Saleem
One day UP ..Next day DOWN......
Oil UP... Markets DOWN......
Oil DOWN ....Markets UP....
Gold trying to make a "double bottom ABOVE $800/OZ"
AG were Down.....
Financials were STRONG...
Techs were STRONG.....
IPI was down the-most % wise....ER was a BEAT ....must be some BUT in their report...do NOT follow that stock.....Near 52 week LOW????
In my portfolio :
KGC rating 65/95 target $19.61
RIMM rating 5/30 target $138.17
SOL rating 65/55 target $20.72
TLM rating 80/75 target $18.58
CTRP was UP $10 on great ER......
TSL reports before Open (Monday)......has been laggard among all solar stock......
OE will be very interesting as markets are on the "healthy side".....
BLOG does NOT give buy or sell.
Saleem
Markets are all GREEN !!!!
Market shrugged off high inflation numbers as market looks ahead to lower inflation data....
Jobless claims inched lower by 10K.......
Oil down....
Gold down....
Techs & Home builders are strong !!!!
In my portfolio :
Bought RIMM.... my cost $127.80.....found support above $125....
SOL UP 55 cents
KGC down 51 cents
TLM down 19 cents
RIMM UP $3.10....I am UP $2.30 per share.....Bullish analyst take by MER saying EPS & Sales estimates for Q 3 very low.....
Portfolio is SOL,KGC,TLM,RIMM.....
@11.30 AM the following are green :
TOL,CMED,NVDA,JNPR,SOLF,WFR,V,C,
ICE,JRCC,NDAQ,WYNN,MA,BIDU,LVS,
SOHU,NYX,NMX,VAR,GOOG,AAPL,
QLD,GS,AMZN,ACH.
BLOG does NOT give buy or sell.
Saleem
Jobless claims inched lower by 10K.......
Oil down....
Gold down....
Techs & Home builders are strong !!!!
In my portfolio :
Bought RIMM.... my cost $127.80.....found support above $125....
SOL UP 55 cents
KGC down 51 cents
TLM down 19 cents
RIMM UP $3.10....I am UP $2.30 per share.....Bullish analyst take by MER saying EPS & Sales estimates for Q 3 very low.....
Portfolio is SOL,KGC,TLM,RIMM.....
@11.30 AM the following are green :
TOL,CMED,NVDA,JNPR,SOLF,WFR,V,C,
ICE,JRCC,NDAQ,WYNN,MA,BIDU,LVS,
SOHU,NYX,NMX,VAR,GOOG,AAPL,
QLD,GS,AMZN,ACH.
BLOG does NOT give buy or sell.
Saleem
Wednesday, August 13, 2008
Dow Down another 1%......
Dow Jones gave up another % from its recent RUNUP......
Markets are consolidating as financials are showing RENEWED weakness.....
Strong sectors were Ag,Steels,Coal,Nat Gas,Gold,Solar & Oil....
In my portfolio :
SOL rating 70/55 target $20.73.....
KGC rating 75/50 target $19.53....
TLM rating 60/40 target $18.58....
CMED priced $240 million in convertible @ $58.80 due 2013....Underwriters are also selling @ $48 .... 4.7 million ADS.....
CSIQ ER was not received well by markets as their guidance was taken as tepid......
BLOG does NOT give buy or sell.
Saleem
Markets are consolidating as financials are showing RENEWED weakness.....
Strong sectors were Ag,Steels,Coal,Nat Gas,Gold,Solar & Oil....
In my portfolio :
SOL rating 70/55 target $20.73.....
KGC rating 75/50 target $19.53....
TLM rating 60/40 target $18.58....
CMED priced $240 million in convertible @ $58.80 due 2013....Underwriters are also selling @ $48 .... 4.7 million ADS.....
CSIQ ER was not received well by markets as their guidance was taken as tepid......
BLOG does NOT give buy or sell.
Saleem
OIl & Gold UP...Markets down !!!!
Oil is UP after retest of $113 support area.......
Oil is also UP based on fundamental reason of drop in distillate......
Gold is UP $14.....again after finding support above $800.....
Ag stocks are UP.....
Nat Gas stocks are UP...
Steels stocks are UP.....
Oil exploration companies are UP......
Infrastructure stocks are UP.....
In my portfolio :
Bought TLM a Canadian Oil & Gas exploration company.....sitting @ major support of 5 years.....My cost $16.26......
SOL Down 8 cents....behaving better than most solar stock.......
KGC UP $1...reported a lackluster ER as cost are rising for all gold producers...KGC is predicting LOWER average cost of Gold for 2nd half...thus increasing profit for 2nd half...also predicting further reduction in Gold cost for 09....market is loving it......
TLM is UP 30 cents to $16.79...I am UP 53 cents per share.....
So my portfolio is SOL,KGC & TLM......I am buying my thesis of oversold sectors !!!!!
@ 11.32 AM the following are green :
AAPL,CHK,NVDA(huge buyback),V,POT,BRCD(found support),
JRCC,AUY,VLO,ABX,FSLR,VAR(new high),FWLT,AGU,CNQ,
X,IPI.
CSIQ missed EPS consensus on GAAP basis.....but raised guidance for 08.....market reacting negatively ..down $2.56......
CMED announced a much larger convertible down another $4 to $45 area......
BLOG does NOT give buy or sell.
Saleem
Oil is also UP based on fundamental reason of drop in distillate......
Gold is UP $14.....again after finding support above $800.....
Ag stocks are UP.....
Nat Gas stocks are UP...
Steels stocks are UP.....
Oil exploration companies are UP......
Infrastructure stocks are UP.....
In my portfolio :
Bought TLM a Canadian Oil & Gas exploration company.....sitting @ major support of 5 years.....My cost $16.26......
SOL Down 8 cents....behaving better than most solar stock.......
KGC UP $1...reported a lackluster ER as cost are rising for all gold producers...KGC is predicting LOWER average cost of Gold for 2nd half...thus increasing profit for 2nd half...also predicting further reduction in Gold cost for 09....market is loving it......
TLM is UP 30 cents to $16.79...I am UP 53 cents per share.....
So my portfolio is SOL,KGC & TLM......I am buying my thesis of oversold sectors !!!!!
@ 11.32 AM the following are green :
AAPL,CHK,NVDA(huge buyback),V,POT,BRCD(found support),
JRCC,AUY,VLO,ABX,FSLR,VAR(new high),FWLT,AGU,CNQ,
X,IPI.
CSIQ missed EPS consensus on GAAP basis.....but raised guidance for 08.....market reacting negatively ..down $2.56......
CMED announced a much larger convertible down another $4 to $45 area......
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 12, 2008
1.2% giveback after huge RUNUP.....
Oil resting comfortably in $113 area......
Gold staying above $800+.....
Commodities are gearing up for another run.......
Ag were strong.....
Steel stocks came back...
Nat gas stocks were UP selectively......
In my portfolio :
SOL rating 45/55 target $19.35......CSIQ reports before Open....expecting better guidance for 08 !!!
KGC rating 95/95 target $18.47....ER will come late tonight.....
AH NVDA reported loss but it is UP $1 on additional buyback worth $1 Billion......giving cautious & downbeat guidance.....
Solar stocks went into overdrive after LDK ER.....
AAPL,BIDU,POT,AGU,MON were big movers !!!!
BLOG does NOT give buy or sell.
Saleem
Gold staying above $800+.....
Commodities are gearing up for another run.......
Ag were strong.....
Steel stocks came back...
Nat gas stocks were UP selectively......
In my portfolio :
SOL rating 45/55 target $19.35......CSIQ reports before Open....expecting better guidance for 08 !!!
KGC rating 95/95 target $18.47....ER will come late tonight.....
AH NVDA reported loss but it is UP $1 on additional buyback worth $1 Billion......giving cautious & downbeat guidance.....
Solar stocks went into overdrive after LDK ER.....
AAPL,BIDU,POT,AGU,MON were big movers !!!!
BLOG does NOT give buy or sell.
Saleem
Oil testing support of $113 area......
Market are mixed today...with NASDAQ showing strength !!!!
Oil is down...
Gold is down....
US$ is down.....
Financials are down.....
Ag is UP......
Nat gas stocks are UP.....
In my portfolio :
SOL UP $1.33
KGC UP 3 cents...reports AH.....consensus EPS 11 cents Sales $314.55 million for Q2.....
@ 11.53 AM the following are green :
AAPL,AGU,POT,MON,X,HOD.TO,CHK,CSIQ,
LDK,SOLF,JASO,YGE,BIDU,LVS,SOHU,FSLR,
GOOG,STP.
BLOG does NOT give buy or sell.
Saleem
Oil is down...
Gold is down....
US$ is down.....
Financials are down.....
Ag is UP......
Nat gas stocks are UP.....
In my portfolio :
SOL UP $1.33
KGC UP 3 cents...reports AH.....consensus EPS 11 cents Sales $314.55 million for Q2.....
@ 11.53 AM the following are green :
AAPL,AGU,POT,MON,X,HOD.TO,CHK,CSIQ,
LDK,SOLF,JASO,YGE,BIDU,LVS,SOHU,FSLR,
GOOG,STP.
BLOG does NOT give buy or sell.
Saleem
Monday, August 11, 2008
Markets closed GREEN !!!!
S&P 500 reached 1313.15 intraday......
Oil recovered nicely after dipping to $112.72...lowest point since MAY???
Techs were strong today.....with AAPL,AMZN& PCLN leading on analyst upbeat notes !!!!
In my portfolio :
SOL rating 55/90 target $19.98.......
KGC rating 90/70 target $20.73.....
AH LDK beat handily Sales & EPS estimates & raised guidance for Wafer output & Sales....
LDK EPS came in @ 82 cents vs estimate of 40 cents.......Sales came in @ $441.7 million vs estimate of $288 million all for Q2......
All Solar stocks are UP AH.......
JASO reports before open......
BLOG does NOT give buy or sell.
Saleem
Oil recovered nicely after dipping to $112.72...lowest point since MAY???
Techs were strong today.....with AAPL,AMZN& PCLN leading on analyst upbeat notes !!!!
In my portfolio :
SOL rating 55/90 target $19.98.......
KGC rating 90/70 target $20.73.....
AH LDK beat handily Sales & EPS estimates & raised guidance for Wafer output & Sales....
LDK EPS came in @ 82 cents vs estimate of 40 cents.......Sales came in @ $441.7 million vs estimate of $288 million all for Q2......
All Solar stocks are UP AH.......
JASO reports before open......
BLOG does NOT give buy or sell.
Saleem
Oil down ...Markets GREEN !!!!
Markets have turned green after Oil lost its morning UP move......
Gold is down almost $6.....
Oil testing $114.....
Ag Down...
Solar mostly down....
In my portfolio :
SOL down 25 cents..will report before open on 19th Aug....
KGC down 71 cents...reports before open EPS 11 cents ...Sales $314.55 million....
@ 11.35 AM the following on my watch list is green :
AAPL,CMED,HOD.TO,TOL,WFR,V,LDK(reports AH),
C,TKC,CTRN,WYNN,MA,LVS,NYX,NMX,XLF,SNE,
IBN,GOOG,QLD,GS,LRCX,AMZN.
BLOG does NOT give buy or sell.
Saleem
Gold is down almost $6.....
Oil testing $114.....
Ag Down...
Solar mostly down....
In my portfolio :
SOL down 25 cents..will report before open on 19th Aug....
KGC down 71 cents...reports before open EPS 11 cents ...Sales $314.55 million....
@ 11.35 AM the following on my watch list is green :
AAPL,CMED,HOD.TO,TOL,WFR,V,LDK(reports AH),
C,TKC,CTRN,WYNN,MA,LVS,NYX,NMX,XLF,SNE,
IBN,GOOG,QLD,GS,LRCX,AMZN.
BLOG does NOT give buy or sell.
Saleem
Sunday, August 10, 2008
Sector rotation going on...buy oversold sector NOW???
There has been sector rotation going on @ a "furious pace"????
Overbought sectors are becoming oversold in matter of day's????
Oil has slumped 21.7%...a bear market slump in FOUR weeks?????
AGU has crashed 30% in a short time...deep in bear market territory????
X a premier steel stock has crashed 29.5%????
APA has crashed 29.4%????
Gold has shed 15% in few weeks?????
KGC a Gold stock has given UP 42.5% ?????
SOL has slumped 52.8%????
So which sector is trading near HIGHS???
Based on what I monitor......NONE ?????
So what IS going on in this market DAILY????
@ best it IS becoming a crap shoot?????
If OIL is down then all metals,Ag,Steel,Nat gas,Oil ,Solar stocks are down......
If Financials are UP then techs are going UP.......
If Oil is UP then Gold,Oil,Nat gas,AG,Solar stocks will go UP.....
So...... what is causing all this daily rotation or 1/2 day rotation?????
CHINA........
Yes...it is experts/economist/TV pundits take on future GDP GROWTH of CHINA.......
Lets us take some hardcore numbers on China GDP picture........
CHINA highest GDP growth going into Olympics was a frenzied 11.9%.......
Last number is 10.1%...which CHINA Central Bank was trying very hard to slow the GDP growth towards 9% for 3 years by raising lending rates & increasing reserve requirements for banks many many times......
Because of increasing / higher lending rates Shanghai Stock exchange has slumped to new Lows on Friday.... FXI has shed 40.2% in a year...
So where is CHINA GDP heading from current 10.1%.......I say 9% GDP growth.......
So from frenzied GDP growth of 11.9% @ its PEAK... we are heading towards 9% growth......which is still very healthy.......
India is also growing between 8% to 9%...they also have raised lending requirement to control inflation.....ISXIF is down 35.8% this is Sensex Bombay Exchange......
I am expecting China & India to renew their growth @ a healthy clip of between 8% to 9%....compare that to US which IS @ .5% GDP growth.......
So the growth is still in China & India & their stock market will move higher as we control hyper-inflation around the world.......remember the RICE panic.....now NO MORE......remember OIL going to $200.....& do not fight the tape......NO MORE......
Once inflation starts easing in real numbers then world markets will again focus on growth AGAIN......
So......What is the thesis for trading/investing????
GROWTH is NOT going away from world economies.......even US will start to grow in 09 !!!
So buy the beaten down stocks/sectors......
What is OUT today CAN be IN tomorrow.......
AE is NOT DEAD..... OIL is still very HIGH @ $115.....remember $58 oil not too long ago..that was less than a year ago.......
SO GS is getting profit by rotating sectors to SHORT......
But they HAVE to cover to lock in GAINS.......which will bring balance to beaten down sectors.....
9% GDP growth in CHINA & INDIA is very good GROWTH for all sectors.......
SO.......
Are you buying the bargains in beaten down sectors......
YES.....
I did that.....
By buying KGC a beaten down Gold stock & keeping SOL in the trashed Solar sector...
So what about Gold now...August to Feb is the seasonal strong times for Indian wedding,Christmas buying & Chinese new year buying when Gold IS consumed for wealth accumulation.....
What about Solar......they are all reporting this week LDK,JASO,CSIQ,SOLF,SOL.....they are all going to beat...which should bring Solar into FOCUS.....
So GO behind the headlines........
Pundits are ..........rehashing old thesis which is already factored in stocks & indices......
It IS the Entrepreneur which IS giving GROWTH to CHINA/INDIA & Rest of the world......
I am an OPTIMIST by nature & always look beyond the current thesis.....Yes my timing may NOT be right ...but analysis is always digging deeper.....
So do your OWN due diligence.
BLOG does NOT give buy or sell.
Saleem
Overbought sectors are becoming oversold in matter of day's????
Oil has slumped 21.7%...a bear market slump in FOUR weeks?????
AGU has crashed 30% in a short time...deep in bear market territory????
X a premier steel stock has crashed 29.5%????
APA has crashed 29.4%????
Gold has shed 15% in few weeks?????
KGC a Gold stock has given UP 42.5% ?????
SOL has slumped 52.8%????
So which sector is trading near HIGHS???
Based on what I monitor......NONE ?????
So what IS going on in this market DAILY????
@ best it IS becoming a crap shoot?????
If OIL is down then all metals,Ag,Steel,Nat gas,Oil ,Solar stocks are down......
If Financials are UP then techs are going UP.......
If Oil is UP then Gold,Oil,Nat gas,AG,Solar stocks will go UP.....
So...... what is causing all this daily rotation or 1/2 day rotation?????
CHINA........
Yes...it is experts/economist/TV pundits take on future GDP GROWTH of CHINA.......
Lets us take some hardcore numbers on China GDP picture........
CHINA highest GDP growth going into Olympics was a frenzied 11.9%.......
Last number is 10.1%...which CHINA Central Bank was trying very hard to slow the GDP growth towards 9% for 3 years by raising lending rates & increasing reserve requirements for banks many many times......
Because of increasing / higher lending rates Shanghai Stock exchange has slumped to new Lows on Friday.... FXI has shed 40.2% in a year...
So where is CHINA GDP heading from current 10.1%.......I say 9% GDP growth.......
So from frenzied GDP growth of 11.9% @ its PEAK... we are heading towards 9% growth......which is still very healthy.......
India is also growing between 8% to 9%...they also have raised lending requirement to control inflation.....ISXIF is down 35.8% this is Sensex Bombay Exchange......
I am expecting China & India to renew their growth @ a healthy clip of between 8% to 9%....compare that to US which IS @ .5% GDP growth.......
So the growth is still in China & India & their stock market will move higher as we control hyper-inflation around the world.......remember the RICE panic.....now NO MORE......remember OIL going to $200.....& do not fight the tape......NO MORE......
Once inflation starts easing in real numbers then world markets will again focus on growth AGAIN......
So......What is the thesis for trading/investing????
GROWTH is NOT going away from world economies.......even US will start to grow in 09 !!!
So buy the beaten down stocks/sectors......
What is OUT today CAN be IN tomorrow.......
AE is NOT DEAD..... OIL is still very HIGH @ $115.....remember $58 oil not too long ago..that was less than a year ago.......
SO GS is getting profit by rotating sectors to SHORT......
But they HAVE to cover to lock in GAINS.......which will bring balance to beaten down sectors.....
9% GDP growth in CHINA & INDIA is very good GROWTH for all sectors.......
SO.......
Are you buying the bargains in beaten down sectors......
YES.....
I did that.....
By buying KGC a beaten down Gold stock & keeping SOL in the trashed Solar sector...
So what about Gold now...August to Feb is the seasonal strong times for Indian wedding,Christmas buying & Chinese new year buying when Gold IS consumed for wealth accumulation.....
What about Solar......they are all reporting this week LDK,JASO,CSIQ,SOLF,SOL.....they are all going to beat...which should bring Solar into FOCUS.....
So GO behind the headlines........
Pundits are ..........rehashing old thesis which is already factored in stocks & indices......
It IS the Entrepreneur which IS giving GROWTH to CHINA/INDIA & Rest of the world......
I am an OPTIMIST by nature & always look beyond the current thesis.....Yes my timing may NOT be right ...but analysis is always digging deeper.....
So do your OWN due diligence.
BLOG does NOT give buy or sell.
Saleem
Saturday, August 9, 2008
BUY rated stocks for "an UP & DOWN market "
Following stocks are flashing buy signal.Please do your own due diligence by checking FA/TA/TAPE.
ARRY,MRVL,OTEX,VECO,VSEA,SHFL,CYD,COH,
HOT,HOV,HST,IGW,ITB,IWM,MAR,SAY,TOL,
TJX,TSO,TIF.
Next post by 10 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
ARRY,MRVL,OTEX,VECO,VSEA,SHFL,CYD,COH,
HOT,HOV,HST,IGW,ITB,IWM,MAR,SAY,TOL,
TJX,TSO,TIF.
Next post by 10 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for "an UP & DOWN market "
Following stocks are showing technical strength based on various formations.Please do your own due diligence by checking FA/TA/TAPE.
HOD.TO,URBN,CKP,LUX,ETH,UIS,CELL,PHM,RT,
IDXX,ALK,DF,PHHM,NEU,EAT,DLB.
BLOG does NOT give buy or sell.
Saleem
HOD.TO,URBN,CKP,LUX,ETH,UIS,CELL,PHM,RT,
IDXX,ALK,DF,PHHM,NEU,EAT,DLB.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for "an UP & DOWN market "
Following stocks are showing technical weakness based on various formations.Please do your own due diligence by checking FA/TA/TAPE.
SLW,POT,UDN,BHI,RIG,NT,PKX,ASIA,GROW,
DNN,JRJC,SU,PKD,DBA,FLML,BRNC,NWN.
BLOG does NOT give buy or sell.
Saleem
SLW,POT,UDN,BHI,RIG,NT,PKX,ASIA,GROW,
DNN,JRJC,SU,PKD,DBA,FLML,BRNC,NWN.
BLOG does NOT give buy or sell.
Saleem
Friday, August 8, 2008
2.5% gain in all Indices......
Oil went down to $115........
$115 MAY provide support as selling has been OVERDONE......
Business,Consumers & World economies will be HAPPY with Oil below $120.......
In my portfolio :
Bought KGC a gold stock ..my price $15.62.....Gold has been beaten to a pulp.....Gold IS in support area of $860+- Gold has been predicting a collapse in the price of Gold by NOT making new HIGH when Oil & US$ were predicting......Now Gold Stocks will move UP before the price of Bullion....SEEN this pattern before MANY times......
KGC rating 80/70 target $19.78
SOL rating 50/90 target $19.70
Today was one of those days where Shorts were caught in high flying stocks and while other stocks were collapsing like Gold,Ag,Steels,Coal,Nat Gas........
Strong sectors were Financials,Techs,Home Builders,Retailers,Medical Devices,Biotechs,Pharma.
LDK reports on Monday AH...Expecting it to be a good report and MAY give LIFT to all Solar stocks....which are sitting near LOWS & SUPPORT......
By 10AM Saturday...I will post list of technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
$115 MAY provide support as selling has been OVERDONE......
Business,Consumers & World economies will be HAPPY with Oil below $120.......
In my portfolio :
Bought KGC a gold stock ..my price $15.62.....Gold has been beaten to a pulp.....Gold IS in support area of $860+- Gold has been predicting a collapse in the price of Gold by NOT making new HIGH when Oil & US$ were predicting......Now Gold Stocks will move UP before the price of Bullion....SEEN this pattern before MANY times......
KGC rating 80/70 target $19.78
SOL rating 50/90 target $19.70
Today was one of those days where Shorts were caught in high flying stocks and while other stocks were collapsing like Gold,Ag,Steels,Coal,Nat Gas........
Strong sectors were Financials,Techs,Home Builders,Retailers,Medical Devices,Biotechs,Pharma.
LDK reports on Monday AH...Expecting it to be a good report and MAY give LIFT to all Solar stocks....which are sitting near LOWS & SUPPORT......
By 10AM Saturday...I will post list of technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Oil down $4...Dow UP 191.....
Oil speculation is GONE......Oil down $4...below $117 support.....
Oil selling LOOKS like it IS overdone NOW......
Gold is down
Copper is down
AG is down
US$ is UP SHARPLY......
My Canadian Short is working like a charm...shorted @ TOP $1.10 today it IS 93.51..down 16.50 cents a drop of 15%...today drop alone is 1.56 cents against US$......
In my portfolio :
Sold RIMM and booked profit of $4.10 per share......Cannot be greedy in this market and also think currently it IS getting overbought...as news of Blackberry BOLD is getting priced IN....
SOL Down 68 cents......Solar stocks are taking in the chin AGAIN....I guess Oil to $116 area will kill all Solar initiatives???? I think NOT.......So we WAIT... till REALITY of AE is acknowledged by wall street GENIUS.....
@ 11.45 AM the following are GREEN :
AAPL,V,CMED,MR,HOD.TO,TOL,WFR,VMW,C,
JNPR,ICE,IGT,NDAQ,WYNN,MA,WYN,SOHU,
LVS,NYX,VLO,ISRG,VAR(new HIGH),GOOG,
IBN,QLD,GS,SNY,BRCM,TSO,DUG,MZN,LRCX.
BLOG does NOT give buy or sell.
Saleem
Oil selling LOOKS like it IS overdone NOW......
Gold is down
Copper is down
AG is down
US$ is UP SHARPLY......
My Canadian Short is working like a charm...shorted @ TOP $1.10 today it IS 93.51..down 16.50 cents a drop of 15%...today drop alone is 1.56 cents against US$......
In my portfolio :
Sold RIMM and booked profit of $4.10 per share......Cannot be greedy in this market and also think currently it IS getting overbought...as news of Blackberry BOLD is getting priced IN....
SOL Down 68 cents......Solar stocks are taking in the chin AGAIN....I guess Oil to $116 area will kill all Solar initiatives???? I think NOT.......So we WAIT... till REALITY of AE is acknowledged by wall street GENIUS.....
@ 11.45 AM the following are GREEN :
AAPL,V,CMED,MR,HOD.TO,TOL,WFR,VMW,C,
JNPR,ICE,IGT,NDAQ,WYNN,MA,WYN,SOHU,
LVS,NYX,VLO,ISRG,VAR(new HIGH),GOOG,
IBN,QLD,GS,SNY,BRCM,TSO,DUG,MZN,LRCX.
BLOG does NOT give buy or sell.
Saleem
Thursday, August 7, 2008
Markets remain in YOYO mode ?????
Markets are doing what a "bear market bottom looks like"...one day UP huge next day DOWN huge....what else is new !!!!
Financials took it on the chin with high % loss......????
AIG renewed the write down scenario again......
NY AG aided the slump with announcement of fines & buybacks by C.....
In my portfolio :
RIMM rating 50/30 target $135.97.....BOLD is shipped to CHILE,GERMANY...next is AUSTRIA...then the whole world....reviews are outstanding by RBC & C analyst today after close..... RBC has an Outperform & $165 target today...even Barron's online has a piece AH......GREEN AH !!!!
SOL rating 55/70 target $19.16.....Solar IS the-most confusing sector....down with Oil being UP & down with Oil being down...LDK & SPWR were GREEN..while FSLR,CSIQ,SOL,JASO were down.....
Friday SHOULD be a positive day based on sharp down day today????
BLOG does NOT give buy or sell.
Saleem
Financials took it on the chin with high % loss......????
AIG renewed the write down scenario again......
NY AG aided the slump with announcement of fines & buybacks by C.....
In my portfolio :
RIMM rating 50/30 target $135.97.....BOLD is shipped to CHILE,GERMANY...next is AUSTRIA...then the whole world....reviews are outstanding by RBC & C analyst today after close..... RBC has an Outperform & $165 target today...even Barron's online has a piece AH......GREEN AH !!!!
SOL rating 55/70 target $19.16.....Solar IS the-most confusing sector....down with Oil being UP & down with Oil being down...LDK & SPWR were GREEN..while FSLR,CSIQ,SOL,JASO were down.....
Friday SHOULD be a positive day based on sharp down day today????
BLOG does NOT give buy or sell.
Saleem
RED in all indices !!!!
Markets are in red thanks to increasing jobless claims.......UP Again Highest in many years ???
These are confirmation that we are close to bottom of economic SLUMP....
Financials are down......
Techs are holding "reasonably well"
In my portfolio :
Bought RIMM again cost $125.50...tape was better than overall market.
SOL UP 1 cents
RIMM UP 14 cents..I am UP $1.94
@ 12.24 PM the following are green :
AAPL,LDK,TOL,SOLF,IE,CCJ,NDAQ,LVS,SPWR,
GSI,MRVL,SNDK.
BLOG does NOT give buy or sell.
PS...Late post due to a long distance overseas call from my sister.
Saleem
These are confirmation that we are close to bottom of economic SLUMP....
Financials are down......
Techs are holding "reasonably well"
In my portfolio :
Bought RIMM again cost $125.50...tape was better than overall market.
SOL UP 1 cents
RIMM UP 14 cents..I am UP $1.94
@ 12.24 PM the following are green :
AAPL,LDK,TOL,SOLF,IE,CCJ,NDAQ,LVS,SPWR,
GSI,MRVL,SNDK.
BLOG does NOT give buy or sell.
PS...Late post due to a long distance overseas call from my sister.
Saleem
Wednesday, August 6, 2008
All index closed GREEN AGAIN !!!!
Bear market is being left behind in "rear view" GRADUALLY !!!!
Oversold bounce was evident in AG,Steel,Nat Gas,Base Metals......these rallies are great to get OUT & REPOSITION in new sectors........
Solar stocks are showing sign of life AGAIN......FSLR,STP,CSIQ,JASO,LDK,SOL all closed green YGE & SOLF only RED on my watch list........
In my portfolio:
SOL rating 80/70 target $19.34 then $20.63.......
AH AIG is the disaster du jour Down $3++ on Bad ER.....
Jobless claims will decide early going or even close......
CMED,MR,ISRG,GOOG,POT,AGU,ABK were strong......
BLOG does NOT give buy or sell.
Saleem
Oversold bounce was evident in AG,Steel,Nat Gas,Base Metals......these rallies are great to get OUT & REPOSITION in new sectors........
Solar stocks are showing sign of life AGAIN......FSLR,STP,CSIQ,JASO,LDK,SOL all closed green YGE & SOLF only RED on my watch list........
In my portfolio:
SOL rating 80/70 target $19.34 then $20.63.......
AH AIG is the disaster du jour Down $3++ on Bad ER.....
Jobless claims will decide early going or even close......
CMED,MR,ISRG,GOOG,POT,AGU,ABK were strong......
BLOG does NOT give buy or sell.
Saleem
Oil Down $1.63 & Nasdaq UP 6 so far......
Oil is down AGAIN with inventory building UP......
Technology sector is strong......Thanks to CSCO...No chewing of WORDS !!!!
Dow fighting negativity down slightly after being UP HUGE yesterday......
AGU ER was a huge beat.....surprisingly they did not RAISE guidance????
In my portfolio :
Sold RIMM & booked a gain of $10.85 per share.....It IS important to lock profit in this UNCERTAIN market conditions.....
SOL UP 20 cents after YGE ER was greeted with a YAWN.....
I have SOL only in my portfolio now.......only & the lonely stocks!!!!
@11.40 AM the following are green :
RIMM,AAPL,HOD.TO,EGO,IPI,AGU,CMED,CSIQ,JASO,
LDK,WFR,VMW,POT,C,JRCC,NDAQ(Great ER),BIDU,
NYX,VLO,TSO,FSLR,SNE,VAR(new HIGH),GOOG,FWLT,
GSI,QLD,STP,GRMN.
BLOG does NOT give buy or sell.
Saleem
Technology sector is strong......Thanks to CSCO...No chewing of WORDS !!!!
Dow fighting negativity down slightly after being UP HUGE yesterday......
AGU ER was a huge beat.....surprisingly they did not RAISE guidance????
In my portfolio :
Sold RIMM & booked a gain of $10.85 per share.....It IS important to lock profit in this UNCERTAIN market conditions.....
SOL UP 20 cents after YGE ER was greeted with a YAWN.....
I have SOL only in my portfolio now.......only & the lonely stocks!!!!
@11.40 AM the following are green :
RIMM,AAPL,HOD.TO,EGO,IPI,AGU,CMED,CSIQ,JASO,
LDK,WFR,VMW,POT,C,JRCC,NDAQ(Great ER),BIDU,
NYX,VLO,TSO,FSLR,SNE,VAR(new HIGH),GOOG,FWLT,
GSI,QLD,STP,GRMN.
BLOG does NOT give buy or sell.
Saleem
YGE beat EPS by 2 cents,raised guidance & margin UP !!!
YGE reported a solid Q 2 by beating EPS consensus by 2 cents...consensus 21 cents actual 23 cents....
Margin improved to 25.8% from 24.6% in Q1...
Sales UP 24.6% sequentially to $289.7 million....
PV module shipment guidance increased to 270-280 MW from previous guidance of 255-265MW an increased guidance of 5.7% for 2008.....
YGE solid Q2 Sales & EPS BEAT should help all Solar stocks today as Solar has become a "show ME sector"
BLOG does NOT give buy or sell.
Saleem
Margin improved to 25.8% from 24.6% in Q1...
Sales UP 24.6% sequentially to $289.7 million....
PV module shipment guidance increased to 270-280 MW from previous guidance of 255-265MW an increased guidance of 5.7% for 2008.....
YGE solid Q2 Sales & EPS BEAT should help all Solar stocks today as Solar has become a "show ME sector"
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 5, 2008
Huge rally from bear market support !!!!
Markets gave a thumbs UP to those who knew that bear market IS on its last leg......
Fed knew what everybody could see daily......???
Oil is down HUGE.....
Gold has crashed.....
Commodities are taking it on the chin......
So...@ 2.15 PM only one token dissension FOR raising rates......
Fed is HAPPY behind the scene and taking a "sigh of relief" that inflation will be "negative for few months"????
Yes I said NEGATIVE compared to previous commodity RUNUP prices......
Fed would love to see negative CPI & PPI?? Yes Virginia ....it IS possible !!!
In my portfolio :
SOL rating 45/70 target $18.83
RIMM rating 50/30 target $131.31
AH CSCO beat and guiding higher giving lift to all technology.....
AH PCLN was down $17 on weak ER......
YGE ER CAN give a big boost to all solar on wed.......
CMED made a HUGE move on BM upgrade to BUY...UP $5......
BLOG does NOT give buy or sell.
Saleem
Fed knew what everybody could see daily......???
Oil is down HUGE.....
Gold has crashed.....
Commodities are taking it on the chin......
So...@ 2.15 PM only one token dissension FOR raising rates......
Fed is HAPPY behind the scene and taking a "sigh of relief" that inflation will be "negative for few months"????
Yes I said NEGATIVE compared to previous commodity RUNUP prices......
Fed would love to see negative CPI & PPI?? Yes Virginia ....it IS possible !!!
In my portfolio :
SOL rating 45/70 target $18.83
RIMM rating 50/30 target $131.31
AH CSCO beat and guiding higher giving lift to all technology.....
AH PCLN was down $17 on weak ER......
YGE ER CAN give a big boost to all solar on wed.......
CMED made a HUGE move on BM upgrade to BUY...UP $5......
BLOG does NOT give buy or sell.
Saleem
Oil down $2.30...Dow UP 192...makes sense to me !!!
Markets are very comfortable with Fed because Oil has tanked below $120.....
Inflation will ease big time as Oil,commodities & precious metals are well below their highs....good for consumers,business & investors !!!!
In my portfolio :
Sold HOD.TO and booked a gain of 11%....Oil is oversold @ current prices ...so risk/reward ratio is NOT compelling....
SOL UP 3 cents
RIMM UP $3.92
@11.26 AM the following in my watch list are green :
AAPL,CMED(upgraded to buy by BM),JNPR,JASO,V,C
YGE(reports wed),BRCD,CTRN,ICE,THOO,IGT,WYNN,
NDAQ,MA,BIDU,WYN,LVS,NYX,NMX,VLO,BRCM,
SPWR,FSLR,ISRG,XLF,SNE,VAR,IBN,GOOG,QLD,X,
ABK,F.
BLOG does NOT give buy or sell.
Saleem
Inflation will ease big time as Oil,commodities & precious metals are well below their highs....good for consumers,business & investors !!!!
In my portfolio :
Sold HOD.TO and booked a gain of 11%....Oil is oversold @ current prices ...so risk/reward ratio is NOT compelling....
SOL UP 3 cents
RIMM UP $3.92
@11.26 AM the following in my watch list are green :
AAPL,CMED(upgraded to buy by BM),JNPR,JASO,V,C
YGE(reports wed),BRCD,CTRN,ICE,THOO,IGT,WYNN,
NDAQ,MA,BIDU,WYN,LVS,NYX,NMX,VLO,BRCM,
SPWR,FSLR,ISRG,XLF,SNE,VAR,IBN,GOOG,QLD,X,
ABK,F.
BLOG does NOT give buy or sell.
Saleem
Monday, August 4, 2008
Market internals were WEAK ...Nasdaq & S&P 500 WEAK...
Market internals were negative by 2 to 1 on the downside.....
Oil euphoria IS dying in a hurry.....
AG,STEELS,COAL,NAT GAS,Base Metals.....signalling a "major downtrend"
Traders/Investors need to adjust to this "new wall street sector rotations"
Solar is displaying a typical bear market tape action......most solar stocks are being sold off & are NEAR recent LOWS????
In my portfolio :
SOL rating 35/70 target $19.73
RIMM rating 40/85 target $129.31
HOD.TO NO TA.....should be UP % wise when Toronto opens on Tuesday.....Oil violated $121 support intraday...sign of oil taking a bear hit....
Fed will announce Interest rate decision & verbage around 2.15 PM Tuesday......
BLOG does NOT give buy or sell.
Saleem
Oil euphoria IS dying in a hurry.....
AG,STEELS,COAL,NAT GAS,Base Metals.....signalling a "major downtrend"
Traders/Investors need to adjust to this "new wall street sector rotations"
Solar is displaying a typical bear market tape action......most solar stocks are being sold off & are NEAR recent LOWS????
In my portfolio :
SOL rating 35/70 target $19.73
RIMM rating 40/85 target $129.31
HOD.TO NO TA.....should be UP % wise when Toronto opens on Tuesday.....Oil violated $121 support intraday...sign of oil taking a bear hit....
Fed will announce Interest rate decision & verbage around 2.15 PM Tuesday......
BLOG does NOT give buy or sell.
Saleem
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