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
4 comments:
Hey
Price of gas is $3.50 in DC
Long time no see!
Mon moved up huge this week --any holders? I expect more to come.
Solar is hurtin lets hope for some more movement today.
CNBC is calling for another down turn in the market to test new July lows! Hope not! It is pretty scary here...
Good luck to all
Cheers
M
Hi Madmax,
Markets are UP...
Solar are FLYING...
Gas coming DOWN....
What else you want in this world!!!
No TEST of LOWS....done that already !!!
Saleem
Hi All,
Gas ATL $3.56 dropping. Traffic rising. Unemployment in GA about 6%, more than national average. We always need to be first in something. Oversold market here. Waiting on SOL. Will take profits quickly. GS trying to boost the oils again. Come on, that's old news! Could FNM be a buy here?
Hi Standards,
Thanks for Georgia economic update.
Hold off on selling SOL....it IS just starting....imho
Stay away from FNM & FRE...they are heading to Zero with Fed stepping in...a good short though!!!
Saleem
Post a Comment