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
4 comments:
Hi Saleem. There is an article reported on www.tradethenews on LDK that a contractor said there is a delay on LDK's poly plant that is the cause of today's weakness. I sold for a nice profit just in case as profits have been hard to land lately.
Hi Minaccess,
Good idea to book profit.
The whole solar sector is down also.
Saleem
Hi All,
The argument about oil supply and demand is bogus as speculators bid up the price because a hurricane is coming toward the gulf. There is no oil shortage now, just speculation that there might be. A big yawn.
Have a great day.
Hi Standardshigh. First of all, speculation is a necessary part of all markets. How do you price a stock such as Apple or Rimm without speculating on their future? Second, oil and much more Nat Gas gets killed after the hurricane threat passes much more than then it goes up. If you can catch the top of this oil/NG run, it would be a great short. Good luck.
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