Tuesday, August 5, 2008

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

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