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
2 comments:
Hi All,
All aboard the SOL train! Now leaving the station! All aboard!
On a more cautious note, the market is looking a little euphoric. Are we overbought?
Thanks
Hi Standards,
Yes... markets are getting extended!!!
But there IS whole lot of money to be made in new sectors like Solar,Gold,Oil,Base metals,Steels,Ag,Nat Gas.....to name a few!!!!
Always pays to go AGAINST the common wisdom.
Saleem
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