Markets "surprised most skeptics" by going UP 485 points on the last trading day of the month...which was dreaded by many.
It is always a good idea to stay diversfied in this crazy market......
Solar stocks were mixed...some UP strong like SPWRA,SOL.....while others were either red or barely green......
Bought PHM a diversified home builder...whose balance sheet are second best after TOL..my cost $13.89...
My portfolio is BRCM,JNPR,NVDA,PHM,PMCS,SOL,VMW......
We MAY have another UP day for Wednesday......which will be nice & will build confidence of those who are looking for an entry point......
For Wednesday...I AM not able to post as we along with all Muslims in Toronto will be celebrating our Eid which is a celebration after the holy month of Ramadan....Will be going to mosque first..then will visit friends whole day.......
BLOG does NOT give buy or sell.
Saleem
Tuesday, September 30, 2008
Markets rebounding......
Markets are rebounding and is near high of the day after 90 minutes of trading......
Selling into strength is NOT working as markets are deeply OVERSOLD and buyers are snapping bargains......
In my portfolio :
BRCM UP $1.01
JNPR UP 37 cents
NVDA UP 34 cents
PMCS UP 19 cents
SOL UP 82 cents
VMW UP 23 cents
@ 11.55 AM following are green in my watch list :
RIMM (upgraded on valuation),AAPL,POT,AGU,IPI,MON,
STP,WFR,V,C,TKC,CTRN,YHOO,ICE,CCJ,JRCC,NDAQ,WYNN,
MA,BIDU,LVS,SOHU,NYX,SAY,SPWRA,FSLR,GS,IBN,GOOG,
FWLT,SNY,FXI,AMZN,X,QLD.
BLOG does NOT give buy or sell.
Saleem
Selling into strength is NOT working as markets are deeply OVERSOLD and buyers are snapping bargains......
In my portfolio :
BRCM UP $1.01
JNPR UP 37 cents
NVDA UP 34 cents
PMCS UP 19 cents
SOL UP 82 cents
VMW UP 23 cents
@ 11.55 AM following are green in my watch list :
RIMM (upgraded on valuation),AAPL,POT,AGU,IPI,MON,
STP,WFR,V,C,TKC,CTRN,YHOO,ICE,CCJ,JRCC,NDAQ,WYNN,
MA,BIDU,LVS,SOHU,NYX,SAY,SPWRA,FSLR,GS,IBN,GOOG,
FWLT,SNY,FXI,AMZN,X,QLD.
BLOG does NOT give buy or sell.
Saleem
Monday, September 29, 2008
S&P 500 @ 1106.39 is the lowest close today....
Markets went in a shock after a week of assurance that House will pass the rescue bill...House actually rejected by a convincing margin.....
There is "no credibility" in what politicians say & DO.....
Markets do NOT like "surprises"...thus a total collapse in indices.....
S&P 500 closed @ LOW of the day......
There is a sense of panic on wall street...which is not good for confidence building for the economy.....
World does NOT understand US politician's approach to dealing with serious issues.....
I wish White House, Fed & Treasury come up with a plan which they administer to help unclogging financial mess....without legislative game playing.....
We are 29% down from high...average bear market is down 30% ......
Can market find its footing after this shock.....only time will tell......
So far futures are positive after factoring fair values.......
BLOG does NOT give buy or sell.
PS....sorry for the delay in my post...had to collect my thoughts after freefall in markets.....
Saleem
There is "no credibility" in what politicians say & DO.....
Markets do NOT like "surprises"...thus a total collapse in indices.....
S&P 500 closed @ LOW of the day......
There is a sense of panic on wall street...which is not good for confidence building for the economy.....
World does NOT understand US politician's approach to dealing with serious issues.....
I wish White House, Fed & Treasury come up with a plan which they administer to help unclogging financial mess....without legislative game playing.....
We are 29% down from high...average bear market is down 30% ......
Can market find its footing after this shock.....only time will tell......
So far futures are positive after factoring fair values.......
BLOG does NOT give buy or sell.
PS....sorry for the delay in my post...had to collect my thoughts after freefall in markets.....
Saleem
S&P 500 went to 1164.06...well above 52 wk low???
1133.50 is the 52 week low on S&P 500...which should hold......
We are in the last inning of DEALING with this mess......
There IS worldwide UNDERSTANDING of the mess we are IN.......
Relative strength stocks to be held & weak stocks need to be sold.....
Know your stocks FA /TA/TAPE well ...then make the decision......NOT a good time to getting quick ideas @ all......
Time to step back & look @ your OWN portfolio...if it still makes sense..given the SLOW growth worldwide......
Not a good time to "fight the TAPE"....
BLOG does NOT give buy or sell.
Saleem
We are in the last inning of DEALING with this mess......
There IS worldwide UNDERSTANDING of the mess we are IN.......
Relative strength stocks to be held & weak stocks need to be sold.....
Know your stocks FA /TA/TAPE well ...then make the decision......NOT a good time to getting quick ideas @ all......
Time to step back & look @ your OWN portfolio...if it still makes sense..given the SLOW growth worldwide......
Not a good time to "fight the TAPE"....
BLOG does NOT give buy or sell.
Saleem
Sunday, September 28, 2008
$700 Billion agreement almost done..now what???
The agreement on rescue package is almost complete with House voting today & Senate on Monday.....
It IS important to recognize that economic landscape has changed worldwide...which will affect stock selection & trading decision......
There is an agreement that worldwide economic growth is severely challenged...due to falling real estate prices all over....
Banks are in trouble all over with holding securities which has lost substantial value...so they all need to improve their deposit to loan ratio as approved by banking regulators in respective countries......
Now..... it all comes down to which sectors are the beneficiaries of this economic package....Companies will be able to continue their growth when credit is eased up......
Housing will be the biggest beneficiary of this package...so home builders looks like a great investment....
Mortgage lenders will also benefit....
Retailers will benefit....
Technology companies will get on growth path again.....
Due to economic slowdown...Bulk shippers are severely affected as is reflected in current prices...
Infrastructure companies MAY be negatively impacted.....
Ag MAY be negatively impacted as there has been bumper crop in India...which will ease prices on Rice,Wheat etc......
So...you can see that there are many cross-current which IS affecting many companies....
Q3 ER may be very challenging for many companies which will come out in Oct......
So...the safe way to be in this tough market is to be broadly diversified in many stocks.....cutting weak stocks from your portfolio is a good strategy....
IBD & Many technical outfits "highlights sectors"which IS strong.....no sense in paying for these services...if you are not going to follow their recommendations....
There IS such a thing as WEAK/STRONG stocks/sectors.....
So..pay attention to strength in sectors /stocks......
Admitting to a failed strategy is important for recovery in lost equity.....
It is never business as usual...when it comes to changing sectors/stocks....
IBD also teaches to cut loss @ 8%......which is a good way to prune bad picks......
Good luck with your OWN remake of your portfolio and future picks......
Markets does give a second chance to those who ADAPT.......
BLOG does NOT give buy or sell.
Saleem
It IS important to recognize that economic landscape has changed worldwide...which will affect stock selection & trading decision......
There is an agreement that worldwide economic growth is severely challenged...due to falling real estate prices all over....
Banks are in trouble all over with holding securities which has lost substantial value...so they all need to improve their deposit to loan ratio as approved by banking regulators in respective countries......
Now..... it all comes down to which sectors are the beneficiaries of this economic package....Companies will be able to continue their growth when credit is eased up......
Housing will be the biggest beneficiary of this package...so home builders looks like a great investment....
Mortgage lenders will also benefit....
Retailers will benefit....
Technology companies will get on growth path again.....
Due to economic slowdown...Bulk shippers are severely affected as is reflected in current prices...
Infrastructure companies MAY be negatively impacted.....
Ag MAY be negatively impacted as there has been bumper crop in India...which will ease prices on Rice,Wheat etc......
So...you can see that there are many cross-current which IS affecting many companies....
Q3 ER may be very challenging for many companies which will come out in Oct......
So...the safe way to be in this tough market is to be broadly diversified in many stocks.....cutting weak stocks from your portfolio is a good strategy....
IBD & Many technical outfits "highlights sectors"which IS strong.....no sense in paying for these services...if you are not going to follow their recommendations....
There IS such a thing as WEAK/STRONG stocks/sectors.....
So..pay attention to strength in sectors /stocks......
Admitting to a failed strategy is important for recovery in lost equity.....
It is never business as usual...when it comes to changing sectors/stocks....
IBD also teaches to cut loss @ 8%......which is a good way to prune bad picks......
Good luck with your OWN remake of your portfolio and future picks......
Markets does give a second chance to those who ADAPT.......
BLOG does NOT give buy or sell.
Saleem
Saturday, September 27, 2008
BUY rated stocks for "a $700 Billion motherload "
Following stocks are flashing buy signal.Please do your OWN analysis by checking FA/TA/TAPE.
BBND,CINF,COMS,GENZ,RATE,VITL,TSCO,SYKE,
MNRO,CYPB,BAC,BKC,DWA,HPQ,PJC,PSA,RYL,
USB.
Next post by 10 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
BBND,CINF,COMS,GENZ,RATE,VITL,TSCO,SYKE,
MNRO,CYPB,BAC,BKC,DWA,HPQ,PJC,PSA,RYL,
USB.
Next post by 10 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for "a $700 Billion motherload "
Following stocks are showing technical strength based on various formations.Please do your OWN analysis by checking FA/TA/TAPE.
VVUS,ISIS,BCRX,CY,TWPG,CG.TO,RIGL,SCUR,
HDB,NKE,DAR,HOU.TO.
BLOG does NOT give buy or sell.
Saleem
VVUS,ISIS,BCRX,CY,TWPG,CG.TO,RIGL,SCUR,
HDB,NKE,DAR,HOU.TO.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for "a $700 Billion motherload "
Following stocks are showing technical weakness based on various formations.Please do your OWN analysis by checking FA/TA/TAPE.
AGU,IFX,PALM,ANN,MOS,TRA,CCL,BRCD,TEN,
SMSC,SKS.
BLOG does NOT give buy or sell.
Saleem
AGU,IFX,PALM,ANN,MOS,TRA,CCL,BRCD,TEN,
SMSC,SKS.
BLOG does NOT give buy or sell.
Saleem
Friday, September 26, 2008
Dow & S&P 500 closed UP...anticipating agreement !!!
Markets showed confidence that deal will be struck by Sunday by closing GREEN....
NASDAQ was red due to RIMM poor guidance...which affected most Techs......
RIMM traded 95 million shares compared to average daily trading of 20 million...
In Toronto RIMM traded another 7 million vs 3 million average.......$69.50 was the new multi-year LOW today......
All Solar took a beating today....as House passed a different version from Senate of Tax credit...There is speculation that GWB may veto ......
By 10AM Saturday...I will list technically weak/strong /buy rated stocks.....
BLOG does NOT give buy or sell.
Saleem
NASDAQ was red due to RIMM poor guidance...which affected most Techs......
RIMM traded 95 million shares compared to average daily trading of 20 million...
In Toronto RIMM traded another 7 million vs 3 million average.......$69.50 was the new multi-year LOW today......
All Solar took a beating today....as House passed a different version from Senate of Tax credit...There is speculation that GWB may veto ......
By 10AM Saturday...I will list technically weak/strong /buy rated stocks.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 low today was above 54.04 points 52 wk Low!!!
Markets are looking beyond the deal...as it did NOT challenge 52 week low on any indices....
Markets wants to move forward....trust me...there IS life beyond $700 billion package on wall street.....that includes moving from bear to BULL mode.....
In my portfolio :
BRCM Dow 64 cents
JNPR Down 55 cents
NVDA UP 7 cents
PMCS Down 13 cents
SOL Down 89 cents
VMW Down $2.45 cents
@ 11.53 AM following are green in my watch list :
LULU,SLV,CTRN,IGT,WYN,LVS,HOD.TO,DUG.
RIMM was downgraded by many analyst RBC Mike Abramsky cut target to $72.....lowest on the street now....he used to be highest on the street @ $178 area......Highest target is still $140 by TD reduced from $170....
BLOG does NOT give buy or sell.
Saleem
Markets wants to move forward....trust me...there IS life beyond $700 billion package on wall street.....that includes moving from bear to BULL mode.....
In my portfolio :
BRCM Dow 64 cents
JNPR Down 55 cents
NVDA UP 7 cents
PMCS Down 13 cents
SOL Down 89 cents
VMW Down $2.45 cents
@ 11.53 AM following are green in my watch list :
LULU,SLV,CTRN,IGT,WYN,LVS,HOD.TO,DUG.
RIMM was downgraded by many analyst RBC Mike Abramsky cut target to $72.....lowest on the street now....he used to be highest on the street @ $178 area......Highest target is still $140 by TD reduced from $170....
BLOG does NOT give buy or sell.
Saleem
Thursday, September 25, 2008
S&P 500 closed @ 1209.18 +23.31
Markets are TRYING to look beyond $700 billion package......
BUT......
Politicians are still as unpredictable......
Words & deed ..do NOT match.....
Another NIGHT of POSTURING......
RIMM Q2 ER was a major negative.....missed by 1 cent...guiding lower by 4 cents.....plus margins will be LOWER by almost 4%...... Down $19 AH......on 14 million shares AH....Jimmy the Cramer saying DONT sell & hold RIMM to a caller today in mad money....
RIMM trading BELOW 52 week low of $80.20..last trade $78.55 @ 7.36PM...
If there is NO deal between politicians tonight....then markets MAY be under pressure for Friday......
Ben Bernanke Hank Paulson meeting legislators @ 8PM tonight to save the bacon...
BLOG does NOT give buy or sell.
Saleem
BUT......
Politicians are still as unpredictable......
Words & deed ..do NOT match.....
Another NIGHT of POSTURING......
RIMM Q2 ER was a major negative.....missed by 1 cent...guiding lower by 4 cents.....plus margins will be LOWER by almost 4%...... Down $19 AH......on 14 million shares AH....Jimmy the Cramer saying DONT sell & hold RIMM to a caller today in mad money....
RIMM trading BELOW 52 week low of $80.20..last trade $78.55 @ 7.36PM...
If there is NO deal between politicians tonight....then markets MAY be under pressure for Friday......
Ben Bernanke Hank Paulson meeting legislators @ 8PM tonight to save the bacon...
BLOG does NOT give buy or sell.
Saleem
Markets moving beyond current crisis...UP 213 !!!
Markets is moving beyond current malaise & will find its footing in neutral zone...which means going HIGHER from here to 1300 area in S&P 500.
RIMM is reporting AH.....expecting a beat .. guidance will be the KEY...
In my portfolio :
BRCM Down 8 cents
JNPR UP 1 cent
NVDA UP 19 cents
PMCS Down 10 cents
SOL UP 35 cents
VMW UP 91 cents
@ 11.54 AM following are green :
RIMM,AAPL,GS,C,LULU,MRVL,STP,CTRN,TKC,
ICE,NDAQ,MA,BIDU,LVS,NYX,VLO,SPWR,GOOG,
QLD,SNY,FXI,LDK,AMZN,CIEN.
BLOG does NOT give buy or sell.
Saleem
RIMM is reporting AH.....expecting a beat .. guidance will be the KEY...
In my portfolio :
BRCM Down 8 cents
JNPR UP 1 cent
NVDA UP 19 cents
PMCS Down 10 cents
SOL UP 35 cents
VMW UP 91 cents
@ 11.54 AM following are green :
RIMM,AAPL,GS,C,LULU,MRVL,STP,CTRN,TKC,
ICE,NDAQ,MA,BIDU,LVS,NYX,VLO,SPWR,GOOG,
QLD,SNY,FXI,LDK,AMZN,CIEN.
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 24, 2008
1179.79 was the low today in S&P 500..closed @1185.87
Testimony today by Fed & Treasury caused the "usual...I do NOT understand this $700 billion package" by finance committee......This is so funny...because US Congress & House created the legislation which created this MESS.....So PLEASE quit playing DUMB & STUPID...they all understand that they are part of the problem.....should QUIT playing Oscar level lousy acting....They do NOT care about their own credibility......posturing is for their re-election....
Market is on STANDBY with a negative slant.......
FNM & FRE came to life while AIG went into coma......
Market MAY not move until $700 billion package IS approved......
Friday we MAY have a deal.....word MAY get out on Friday during trading hours....
BLOG does NOT give buy or sell.
Saleem
Market is on STANDBY with a negative slant.......
FNM & FRE came to life while AIG went into coma......
Market MAY not move until $700 billion package IS approved......
Friday we MAY have a deal.....word MAY get out on Friday during trading hours....
BLOG does NOT give buy or sell.
Saleem
S&P 500 Low so far...1182.93...Retest of support???
Markets are trying to digest Fed testimony & Q/A......
GS $5Billion stake by oracle of Omaha & further equity sale by GS are being digested also....
Markets are "not irritated" by anything said/done.....
Markets are trying to give some sense of STABLE mode so far !!!!
In my portfolio :
BRCM UP 78 cents
JNPR Down 98 cents...MER downgraded based on their prediction that things will slowdown shortly based on outlook given by CSCO & CIEN????
NVDA UP 35 cents
PMCS UP 8 cents
SOL UP 53 cents
VMW UP $1.69
@ 12.06 following are green in my watch list :
KGC,IPI,STP,JASO,SOLF,WFR,TSL,CSIQ,YGE,GG,
POT,TKC,CCJ,IGT,WYNN,MA,BIDU,SOHU,VLO,
ABX,SPWR,FSLR,ISRG,GS,VAR,GOOG,AAPL,
LDK.
BLOG does NOT give buy or sell.
Saleem
GS $5Billion stake by oracle of Omaha & further equity sale by GS are being digested also....
Markets are "not irritated" by anything said/done.....
Markets are trying to give some sense of STABLE mode so far !!!!
In my portfolio :
BRCM UP 78 cents
JNPR Down 98 cents...MER downgraded based on their prediction that things will slowdown shortly based on outlook given by CSCO & CIEN????
NVDA UP 35 cents
PMCS UP 8 cents
SOL UP 53 cents
VMW UP $1.69
@ 12.06 following are green in my watch list :
KGC,IPI,STP,JASO,SOLF,WFR,TSL,CSIQ,YGE,GG,
POT,TKC,CCJ,IGT,WYNN,MA,BIDU,SOHU,VLO,
ABX,SPWR,FSLR,ISRG,GS,VAR,GOOG,AAPL,
LDK.
BLOG does NOT give buy or sell.
Saleem
Tuesday, September 23, 2008
S&P 500 LOW today 1187.06...was that a retest of low ???
S&P 500 came within 54 points of 52 week low......reached a week ago......was that a successful RETEST with a higher low ?
Fed & treasury testimony was met with "political grandstanding grilling"...which soured traders appetite to trade stocks.....thus a close near low of the day.......
Congress has given extension for 8 years for solar tax credit...which should help solar stocks on Wednesday.....all solar stocks UP AH.....
Warren Buffett spend some serious change by investing $5 billion in GS.....Gs UP $13 AH.....this will be taken as great confidence builder for investment climate..as he is known to be an "extreme value investor"....also he is investing ahead of the passage of $700 billion package...which gives a signal that he expects it to pass and will help the intended goals.
All of the above bodes well for market tape on Wednesday.......
BLOG does NOT give buy or sell.
Saleem
Fed & treasury testimony was met with "political grandstanding grilling"...which soured traders appetite to trade stocks.....thus a close near low of the day.......
Congress has given extension for 8 years for solar tax credit...which should help solar stocks on Wednesday.....all solar stocks UP AH.....
Warren Buffett spend some serious change by investing $5 billion in GS.....Gs UP $13 AH.....this will be taken as great confidence builder for investment climate..as he is known to be an "extreme value investor"....also he is investing ahead of the passage of $700 billion package...which gives a signal that he expects it to pass and will help the intended goals.
All of the above bodes well for market tape on Wednesday.......
BLOG does NOT give buy or sell.
Saleem
Markets are TRYING green while getting details of $700B package !!!
Markets are showing confidence in Treasury Secretary Paulson & Fed chief Ben Bernanke explanation of process to manage $700 Billion package.From the sounds of it so far...they are very clear in their plan and will help US economy in a big way......
In my portfolio :
BRCM Down 77 cents
JNPR Down 47 cents
NVDA UP 4 cents
PMCS Down 17 cents
SOL Down 27 cents
VMW UP 93 cents
@ 12.04 PM following are green in my watch list:
STP,V,TKC,CTRN,ICE,YHOO,NDAQ,WYNN,MA,
BIDU,WYN,NYX,VLO,SPWR,VAR,IBN,GOOG,
RIMM,AAPL,ISRG,HOD.TO,HBD.TO,QLD,MA,
DUG,GRMN,HPQ.
BLOG does NOT give buy or sell.
Saleem
In my portfolio :
BRCM Down 77 cents
JNPR Down 47 cents
NVDA UP 4 cents
PMCS Down 17 cents
SOL Down 27 cents
VMW UP 93 cents
@ 12.04 PM following are green in my watch list:
STP,V,TKC,CTRN,ICE,YHOO,NDAQ,WYNN,MA,
BIDU,WYN,NYX,VLO,SPWR,VAR,IBN,GOOG,
RIMM,AAPL,ISRG,HOD.TO,HBD.TO,QLD,MA,
DUG,GRMN,HPQ.
BLOG does NOT give buy or sell.
Saleem
Monday, September 22, 2008
Nasdaq pulled back 4%+......
Markets were in a freefall AGAIN......
NASDAQ lost over 4%......the weakest among all indices.......
Markets are behaving in a bearish manner......
Carter Worth technician from Oppenheimer came on fast money & said that "we will NOT make a new LOW"...it will be a sideways market......he is actually recommending buying stocks whose earnings have gone UP but stock price are stagnant......
On the other hand Jimmy the Cramer is telling his audience to "stay on the sideline"....the only sector he is recommending is Gold stocks...his pick AEM & ABX......
Sentiment on the street is "extremely BEARISH & FEAR is RAMPANT"......VIX went to 34.22......closed @ 33.85......
All of the above IS telling me that we are trading "near bottom" & markets are getting deeply oversold.......
It IS very DARK near bottom.......
In my portfolio :
Sold IPI and booked profit of $4.31 per share.....
Sold FXI @ breakeven......
Bought BRCM..cost $20.84
Added more JNPR cost went UP to $26.22
Added more SOL cost went down to $14.51
Portfolio is SOL,CSIQ,BRCM,JNPR,NVDA,PMCS,VMW......
Please note ...as markets are unpredictable...my portfolio is subject to rapid change...sometimes I sell to buy something which may be on Sale.......
I am broadly diversified based on my understanding of the relative valuation of each stock which I have followed closely for decades......IDEA is to make a "quick profit"...in this very difficult market......
BLOG does NOT give buy or sell.
Saleem
NASDAQ lost over 4%......the weakest among all indices.......
Markets are behaving in a bearish manner......
Carter Worth technician from Oppenheimer came on fast money & said that "we will NOT make a new LOW"...it will be a sideways market......he is actually recommending buying stocks whose earnings have gone UP but stock price are stagnant......
On the other hand Jimmy the Cramer is telling his audience to "stay on the sideline"....the only sector he is recommending is Gold stocks...his pick AEM & ABX......
Sentiment on the street is "extremely BEARISH & FEAR is RAMPANT"......VIX went to 34.22......closed @ 33.85......
All of the above IS telling me that we are trading "near bottom" & markets are getting deeply oversold.......
It IS very DARK near bottom.......
In my portfolio :
Sold IPI and booked profit of $4.31 per share.....
Sold FXI @ breakeven......
Bought BRCM..cost $20.84
Added more JNPR cost went UP to $26.22
Added more SOL cost went down to $14.51
Portfolio is SOL,CSIQ,BRCM,JNPR,NVDA,PMCS,VMW......
Please note ...as markets are unpredictable...my portfolio is subject to rapid change...sometimes I sell to buy something which may be on Sale.......
I am broadly diversified based on my understanding of the relative valuation of each stock which I have followed closely for decades......IDEA is to make a "quick profit"...in this very difficult market......
BLOG does NOT give buy or sell.
Saleem
Dow giving back 218 points so far....
After a HUGE runup last two day's....Dow is giving back 218 points so far.....
Markets will rally hard...once the news of approval for $700 Billions is announced.....
So it is WAIT for the news.......
In my portfolio:
Bought NVDA my cost $11.60
Portfolio is SOL,CSIQ,IPI,VMW,JNPR,PMCS,NVDA,FXI....SUBJECT TO CHANGES always...
@ 11.36 AM the following are green :
IPI,POT,GG,SLV,CTRN,CCJ,JRCC,AUY,ABX,
VAR,GS,AGU,KGC.
BLOG does NOT give buy or sell.
Saleem
Markets will rally hard...once the news of approval for $700 Billions is announced.....
So it is WAIT for the news.......
In my portfolio:
Bought NVDA my cost $11.60
Portfolio is SOL,CSIQ,IPI,VMW,JNPR,PMCS,NVDA,FXI....SUBJECT TO CHANGES always...
@ 11.36 AM the following are green :
IPI,POT,GG,SLV,CTRN,CCJ,JRCC,AUY,ABX,
VAR,GS,AGU,KGC.
BLOG does NOT give buy or sell.
Saleem
Sunday, September 21, 2008
Paulson Rally...how FAR will it go !!!!
Paulson has uniquely understood the malaise which US economy is facing......
Fed also has FINALLY come to grip with the cause of US & world economic challenges.....
Worldwide there is a serious effort to deal with "frozen liquidity issue"
Hundreds of billions is being pumped to "LIQUEFY"....
US,Europe,Canada are @ the forefront of pumping hundreds of billions into monetary system of their economies.....
So.....
After 13 months of downward spiral in economic picture.......which has brought DOWN worldwide growth by several notch.......we are starting to REVERSE & AVOID even WORSE contraction......
Stock market worldwide was predicting an economic collapse which shorts with their WISE strategy capitalized big time.....
Shorts & hedge funds followed the TAPE & scored BIG.......
In HINDSIGHT I do NOT blame the shorts @ all......they could SEE clearly the fragile balance sheet of many investment bankers like BSC,LEH,MER,MS,WM,ABK,FNM,FRE...& went to town in shorting & LAUGHED all the way to the bank.....
Smart traders always capitalize on opportunities...Short or Long......
I personally was always of the opinion that as long as I do NOT have financials & housing...I should do OK......
BUT.....that was NOT the case......as SHORTS capitalized on the negative sentiments and shorted the dickens out of every good stocks which had high growth of earnings and sales...they were ALL hitting NEAR yearly LOWS........
So that was the story UPTIL NOW.........
BUT.......
Things are CHANGING in a HURRY.......
SO....How next 13 months will fare...should be in FOCUS.......
IF......
Everything goes according to the $700 billion package......
We are looking @ Stocks & Markets MUCH MUCH MUCH higher........
As you have noticed that Markets moved UP in a hurry.....How high have Dow gone UP in 2 trading days.....an eye popping 984.64 points on Dow or 9.46%.......
Those who are NOT FULLY invested near LOWS ...always MISS the biggest moves......
So.....
If you have not capitalized on this CHANGING picture.....it is NOT too late......
We have just started the move UP.......
SO.....have a DIFFERENT strategy of trading/investing .....
NOW...you need a BULL market strategy......
What IS a bull market strategy???
-OPTIMIZE your dollar invested
-$100,000 invested in one stock MAY NOT be a good strategy....
-$100,000 invested in 10 stocks IS a great strategy.....
-Do NOT go for stocks which have declining Sales & EPS/NO EPS.....
-Go for stocks with fast growing Sales/EPS......
-Also if you put $100,000 in $100 stocks ...it MAY NOT give you the % moves which IS possible @ this stage of the market......
So it is back to Fundamental analysis.......
In my humble OPINION...technically STRONG stocks MAY NOT give you the returns as LAGGARDS will OUTPERFORM....with GOOD growth potential in Sales /EPS......
So you want to know ...How high will be DOW in 13 months...my GUESS we will be higher than 14,280.....which IS 2,892 points HIGHER or a whopping +25.39%......all MY OPINION of course.
Please do your OWN due diligence & manage your risk based on your OWN comfort level.
There are winners & losers in every market conditions...as we REFUSE to CHANGE our strategy with the TAPE......
BLOG does NOT give buy or sell.
Saleem
Fed also has FINALLY come to grip with the cause of US & world economic challenges.....
Worldwide there is a serious effort to deal with "frozen liquidity issue"
Hundreds of billions is being pumped to "LIQUEFY"....
US,Europe,Canada are @ the forefront of pumping hundreds of billions into monetary system of their economies.....
So.....
After 13 months of downward spiral in economic picture.......which has brought DOWN worldwide growth by several notch.......we are starting to REVERSE & AVOID even WORSE contraction......
Stock market worldwide was predicting an economic collapse which shorts with their WISE strategy capitalized big time.....
Shorts & hedge funds followed the TAPE & scored BIG.......
In HINDSIGHT I do NOT blame the shorts @ all......they could SEE clearly the fragile balance sheet of many investment bankers like BSC,LEH,MER,MS,WM,ABK,FNM,FRE...& went to town in shorting & LAUGHED all the way to the bank.....
Smart traders always capitalize on opportunities...Short or Long......
I personally was always of the opinion that as long as I do NOT have financials & housing...I should do OK......
BUT.....that was NOT the case......as SHORTS capitalized on the negative sentiments and shorted the dickens out of every good stocks which had high growth of earnings and sales...they were ALL hitting NEAR yearly LOWS........
So that was the story UPTIL NOW.........
BUT.......
Things are CHANGING in a HURRY.......
SO....How next 13 months will fare...should be in FOCUS.......
IF......
Everything goes according to the $700 billion package......
We are looking @ Stocks & Markets MUCH MUCH MUCH higher........
As you have noticed that Markets moved UP in a hurry.....How high have Dow gone UP in 2 trading days.....an eye popping 984.64 points on Dow or 9.46%.......
Those who are NOT FULLY invested near LOWS ...always MISS the biggest moves......
So.....
If you have not capitalized on this CHANGING picture.....it is NOT too late......
We have just started the move UP.......
SO.....have a DIFFERENT strategy of trading/investing .....
NOW...you need a BULL market strategy......
What IS a bull market strategy???
-OPTIMIZE your dollar invested
-$100,000 invested in one stock MAY NOT be a good strategy....
-$100,000 invested in 10 stocks IS a great strategy.....
-Do NOT go for stocks which have declining Sales & EPS/NO EPS.....
-Go for stocks with fast growing Sales/EPS......
-Also if you put $100,000 in $100 stocks ...it MAY NOT give you the % moves which IS possible @ this stage of the market......
So it is back to Fundamental analysis.......
In my humble OPINION...technically STRONG stocks MAY NOT give you the returns as LAGGARDS will OUTPERFORM....with GOOD growth potential in Sales /EPS......
So you want to know ...How high will be DOW in 13 months...my GUESS we will be higher than 14,280.....which IS 2,892 points HIGHER or a whopping +25.39%......all MY OPINION of course.
Please do your OWN due diligence & manage your risk based on your OWN comfort level.
There are winners & losers in every market conditions...as we REFUSE to CHANGE our strategy with the TAPE......
BLOG does NOT give buy or sell.
Saleem
Saturday, September 20, 2008
BUY rated stocks for Paulson driven "Mother of all rally "
Following stocks are flashing buy signal.Please do your own due diligence by checking FA/TA/TAPE.
ZOLT,ZUMZ,ZOLL,WIRE,TINY,SNDA,RJET,
RACK,OXPS,NVTL,NDAQ,MBLX,JNPR,INTU,
HMIN,HLIT,DAKT,CTRN,BABY,ARAY,AMTD,
BBY,BX,C,CCC,DHI,GM,MON,NYX,PHM,TOL,
UXG.
Next post by 10 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
ZOLT,ZUMZ,ZOLL,WIRE,TINY,SNDA,RJET,
RACK,OXPS,NVTL,NDAQ,MBLX,JNPR,INTU,
HMIN,HLIT,DAKT,CTRN,BABY,ARAY,AMTD,
BBY,BX,C,CCC,DHI,GM,MON,NYX,PHM,TOL,
UXG.
Next post by 10 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for Paulson driven "Mother of all rally "
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
PQ,SMSI,APA,URE,NKE,DECK,EDU,NFLX,COG,TDW,
KGC,GG,ABX,TD,AEM,CNQ,ECA.
BLOG does NOT give buy or sell.
Saleem
PQ,SMSI,APA,URE,NKE,DECK,EDU,NFLX,COG,TDW,
KGC,GG,ABX,TD,AEM,CNQ,ECA.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for Paulson driven "Mother of all rally "
Following stocks are showing technical weakness based on various formations.Please do your own due diligence by checking FA/TA/TAPE.
RIMM,MSFT,LEN,SLE,BMO,JBX,DLB,SAN,HOT,
RCL,RYL,OEH,OMCL.
BLOG does NOT give buy or sell.
Saleem
RIMM,MSFT,LEN,SLE,BMO,JBX,DLB,SAN,HOT,
RCL,RYL,OEH,OMCL.
BLOG does NOT give buy or sell.
Saleem
Friday, September 19, 2008
Dow gained another 369 points ......Nice !!!
Markets did what nobody was prepared for.....recouped all its loss for the week.....
Treasury decision & worldwide restriction on short sales is gaining momentum.....if you can believe it..it all started in Pakistan when regulators have banned short sales and frozen Karachi Stock exchange index @ 9200 area for the last 6 weeks...In other words 9200 area cannot be breached...why because short sellers drove KSE from 15,000 to 9,200 in few months which was a drubbing of almost 40% in weeks.....
Germany tonight has banned short sales on financials also...so now we have KSE,LSE,NYX & DAX banning short sales....Can CACS be next???
Treasury & worldwide recognition of bad papers HAS ushered a new era of confidence for investors/traders & treasuries......NOW they all can get to people business in regulating this horrendous mess.
Markets are on much more firmer grounds......
Good stocks went below IPO price.....60% loss in equity was unbelievable for growing Sales & EPS companies who had nothing to do with financials or housing.
By 10AM Saturday..I will post a list of technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Treasury decision & worldwide restriction on short sales is gaining momentum.....if you can believe it..it all started in Pakistan when regulators have banned short sales and frozen Karachi Stock exchange index @ 9200 area for the last 6 weeks...In other words 9200 area cannot be breached...why because short sellers drove KSE from 15,000 to 9,200 in few months which was a drubbing of almost 40% in weeks.....
Germany tonight has banned short sales on financials also...so now we have KSE,LSE,NYX & DAX banning short sales....Can CACS be next???
Treasury & worldwide recognition of bad papers HAS ushered a new era of confidence for investors/traders & treasuries......NOW they all can get to people business in regulating this horrendous mess.
Markets are on much more firmer grounds......
Good stocks went below IPO price.....60% loss in equity was unbelievable for growing Sales & EPS companies who had nothing to do with financials or housing.
By 10AM Saturday..I will post a list of technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Dow holding majority of Gains..UP 367.. so far so good $$$
Markets rocketed UP almost 470 points in a blow off open.....
Lot of selling came in to book profit.....in that process Dow lost 50% of its gain.....
Now Dow is fighting back to give comfort to those like ME who believe "this IS a tape changing from bear to BULL in a hurry"
In my portfolio :
Bought FXI cost $37.20.....Chinese biggest 25 companies have been beaten on a Kung Fu mat...
Portfolio is SOL,CSIQ,RIMM,FXI,IPI,PMCS,JNPR,VMW.....
Most stocks are UP including my portfolio.....
LDK announced $150 million secondary...even with over-subscription & $200 million..it is a small dilution of about 4.7%......LDK is "best of breed" in wafer production.....low cost high margin go hand in hand......
BLOG does NOT give buy or sell.
Saleem
Lot of selling came in to book profit.....in that process Dow lost 50% of its gain.....
Now Dow is fighting back to give comfort to those like ME who believe "this IS a tape changing from bear to BULL in a hurry"
In my portfolio :
Bought FXI cost $37.20.....Chinese biggest 25 companies have been beaten on a Kung Fu mat...
Portfolio is SOL,CSIQ,RIMM,FXI,IPI,PMCS,JNPR,VMW.....
Most stocks are UP including my portfolio.....
LDK announced $150 million secondary...even with over-subscription & $200 million..it is a small dilution of about 4.7%......LDK is "best of breed" in wafer production.....low cost high margin go hand in hand......
BLOG does NOT give buy or sell.
Saleem
Thursday, September 18, 2008
Dow went UP 560 points from LOW today !!!
Dow had a classic "key reversal" today...after hitting new 52 week low again and then reversed with a 410 points higher on the day....a round trip of 560 points.....
Many sector participated in this huge rally......
Looks like there will be another strong day on Friday quad witching notwithstanding.....
Fed,Treasury is making a presentation to both house for their solution to current mess....
Please keep in mind that there will be many disbeliever and will talk down this package & the coming strong rebound in the market.....every NEW bull market starts with "sell the rally mantra"...this time it will NOT be WISE to do SO.....
In my portfolio :
I sold GG with a profit of 50 cents per share.....
Added more VMW..my cost went down to $29.28...
Portfolio is SOL,CSIQ,RIMM,VMW,JNPR,IPI & PMCS.....
Time to be broadly diversified with your OWN due diligence.
BLOG does NOT give buy or sell.
Saleem
Many sector participated in this huge rally......
Looks like there will be another strong day on Friday quad witching notwithstanding.....
Fed,Treasury is making a presentation to both house for their solution to current mess....
Please keep in mind that there will be many disbeliever and will talk down this package & the coming strong rebound in the market.....every NEW bull market starts with "sell the rally mantra"...this time it will NOT be WISE to do SO.....
In my portfolio :
I sold GG with a profit of 50 cents per share.....
Added more VMW..my cost went down to $29.28...
Portfolio is SOL,CSIQ,RIMM,VMW,JNPR,IPI & PMCS.....
Time to be broadly diversified with your OWN due diligence.
BLOG does NOT give buy or sell.
Saleem
200 points Rally gone.....
Markets are showing typical bear market pattern.....
Open UP and give it all back...and then fight whole day to stay green.....
Oil gave UP $4+ gain.....
Gold is the only shiny metal UP $30++
Option expiry is very much in play today...Friday is Quad witching....
In my portfolio :
Sold OIL.TO and booked a loss of 40 cents per share....was acting weak.....
Bought GG cost $31.15.....
IPI Down 28 cents
PMCS UP 10 cents
JNPR UP 81 cents
VMW Down $3.45.....making new 52 wk lows daily.....
GG UP $1.39....
SOL Down 28 cents
CSIQ down 5 cents
RIMM down $2.22
@ 11.56 AM following are green :
CMED,JASO,SOLF,WFR,SLV,GLD,CCJ,NDAQ,WYNN,
LVS,VLO,ABX,SPWR,IBN,VAR,GOOG,KGC,GRMN,
HPQ,ACH,SNDK.
BLOG does NOT give buy or sell.
Saleem
Open UP and give it all back...and then fight whole day to stay green.....
Oil gave UP $4+ gain.....
Gold is the only shiny metal UP $30++
Option expiry is very much in play today...Friday is Quad witching....
In my portfolio :
Sold OIL.TO and booked a loss of 40 cents per share....was acting weak.....
Bought GG cost $31.15.....
IPI Down 28 cents
PMCS UP 10 cents
JNPR UP 81 cents
VMW Down $3.45.....making new 52 wk lows daily.....
GG UP $1.39....
SOL Down 28 cents
CSIQ down 5 cents
RIMM down $2.22
@ 11.56 AM following are green :
CMED,JASO,SOLF,WFR,SLV,GLD,CCJ,NDAQ,WYNN,
LVS,VLO,ABX,SPWR,IBN,VAR,GOOG,KGC,GRMN,
HPQ,ACH,SNDK.
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 17, 2008
Markets went to new LOWS......
Markets are in freefall.....Thanks to the last day of Naked Shorting.......
Markets may be stable on Thursday due to two factors :
First..... Naked shorting is subject to heavy fines.....which will help stocks in finding their natural support.....NOT a forced breakdown through relentless Naked Shorting....
Second....MS,WM are looking to link up with strong institutions......
GS ...is the only one ...who is refusing any linkup.
As markets closed near low of the day.......it had the feeling of capitulation......IF that IS the case we may see a half decent day on Thursday.....Friday IS Quad witching.....so ..either it could be a HUGE UP day....or a flat day ..to see what develops over the weekend.....
I am buying any stock which has good growth ..but it IS beaten down.....I like stocks where risk/reward is good.....$2 downside risk but $4 UP side chance.....
Ensure your OWN comfort level and manage risk properly......It is the Singles which will keep you in the game..NO home run approach......
BLOG does NOT give buy or sell.
Saleem
Markets may be stable on Thursday due to two factors :
First..... Naked shorting is subject to heavy fines.....which will help stocks in finding their natural support.....NOT a forced breakdown through relentless Naked Shorting....
Second....MS,WM are looking to link up with strong institutions......
GS ...is the only one ...who is refusing any linkup.
As markets closed near low of the day.......it had the feeling of capitulation......IF that IS the case we may see a half decent day on Thursday.....Friday IS Quad witching.....so ..either it could be a HUGE UP day....or a flat day ..to see what develops over the weekend.....
I am buying any stock which has good growth ..but it IS beaten down.....I like stocks where risk/reward is good.....$2 downside risk but $4 UP side chance.....
Ensure your OWN comfort level and manage risk properly......It is the Singles which will keep you in the game..NO home run approach......
BLOG does NOT give buy or sell.
Saleem
S&P 500 went to new 52 wk LOW AGAIN .....
Markets are showing renewed weakness as S&P 500 took out its few day's old 52 week low.....Was it a RETEST of support.....only closing action will tell us.
Gold is flying Up $54 per oz......
Oil is showing muted up of $1.31.....
New shorting rules goes into effect @ midnight...where there is no chance of Failure To Deliver..delivery of shares is due on settlement day ie 3 days......This new rule should help the market....There is a big chance that lot of shorting is being done today to take the market LOWER...so they can COVER all naked shorts @ low low prices????
In my portfolio :
Sold GG and booked a profit of $2.35 per share......
Bought IPI..an Ag potash company..cost $32.10
Added more VMW on selloff due to Jeffries downgrade & target cut to $30..cost went down to $29.86....
Portfolio is SOL,CSIQ,RIMM,IPI,OIL.TO,JNPR,PMCS,VMW......
OIL.TO Down 43 cents
IPI Down $2.13...I am down 25 cents
PMCS Down 49 cents
JNPR Down $1.38
VMW Down $5.28
CSIQ Down 98 cents
RIMM Down $6.37
SOL Down 55 Cents
@ 12.00 the following are Green :
NVDA,SLV,SNDK(rejected buyout @ $26 from Samsung),
NDAQ,GG,ABX,AUY,DUG,KGC,QID,SDS,DXD.
BLOG does NOT give buy or sell.
Saleem
Gold is flying Up $54 per oz......
Oil is showing muted up of $1.31.....
New shorting rules goes into effect @ midnight...where there is no chance of Failure To Deliver..delivery of shares is due on settlement day ie 3 days......This new rule should help the market....There is a big chance that lot of shorting is being done today to take the market LOWER...so they can COVER all naked shorts @ low low prices????
In my portfolio :
Sold GG and booked a profit of $2.35 per share......
Bought IPI..an Ag potash company..cost $32.10
Added more VMW on selloff due to Jeffries downgrade & target cut to $30..cost went down to $29.86....
Portfolio is SOL,CSIQ,RIMM,IPI,OIL.TO,JNPR,PMCS,VMW......
OIL.TO Down 43 cents
IPI Down $2.13...I am down 25 cents
PMCS Down 49 cents
JNPR Down $1.38
VMW Down $5.28
CSIQ Down 98 cents
RIMM Down $6.37
SOL Down 55 Cents
@ 12.00 the following are Green :
NVDA,SLV,SNDK(rejected buyout @ $26 from Samsung),
NDAQ,GG,ABX,AUY,DUG,KGC,QID,SDS,DXD.
BLOG does NOT give buy or sell.
Saleem
Tuesday, September 16, 2008
S&P 500 closed @ 1213.59....near high of the day !!!
Markets are trying very hard to put in a solid bottom......
AIG seems to be the last hurdle......
There is a good chance that we move towards resolution of AIG......
CNBC is reporting a resolution of AIG with a bridge loan of $85 to $90 billion by treasury against issuance of warrants to cover the loan value.....this should propel the market UP in a big way......
Severe dilution of AIG common is expected...
Most sectors closed strong.....
I bought VMW.....a virtualization software tech company....Cost $31.70...
Portfolio is SOL,CSIQ,RIMM,PMCS,JNPR,VMW,GG & OIL.TO......I am making my portfolio very broad based as many stocks have tested their support.....I will continue to do this approach...as I feel that we are coming out of bear market......
I am expecting a major rally in Gold & Oil...which will move all commodities UP !!!!!
BLOG does NOT give buy or sell.
Saleem
AIG seems to be the last hurdle......
There is a good chance that we move towards resolution of AIG......
CNBC is reporting a resolution of AIG with a bridge loan of $85 to $90 billion by treasury against issuance of warrants to cover the loan value.....this should propel the market UP in a big way......
Severe dilution of AIG common is expected...
Most sectors closed strong.....
I bought VMW.....a virtualization software tech company....Cost $31.70...
Portfolio is SOL,CSIQ,RIMM,PMCS,JNPR,VMW,GG & OIL.TO......I am making my portfolio very broad based as many stocks have tested their support.....I will continue to do this approach...as I feel that we are coming out of bear market......
I am expecting a major rally in Gold & Oil...which will move all commodities UP !!!!!
BLOG does NOT give buy or sell.
Saleem
S&P 500 LOW today 1169.28....is that new support??
Markets tumbled right @ open .......
Market searching for support......
GS ER was not bad under the existing scenario.....
Markets are trying to fight back towards positive.....but doing red & green every 15 minutes....
Feds will give comfort to the markets @ 2.15 PM in their verbage.....
This IS a difficult time for feds to deal with a system which was allowed to perpetuate for 10 years...
It is safe to FEEL that we are NEAR bottom.......
In my portfolio :
Bought JNPR.... my cost $25.31
Added more OIL.TO....my cost went down to $10.86
My portfolio is SOL,CSIQ,RIMM,PMCS,JNPR,GG & OIL.TO.....
OIL.TO Down 88 cents
GG Down 94 cents
PMCS UP 6 cents
JNPR UP 25 cents
CSIQ Down 16 cents
RIMM UP 12 cents
SOL Down 37 cents
@ 12.04 noon the following are green :
LDK,CMED,JASO,NVDA,POT,C,WYNN,MA,
BIDU,LVS,SOHU,VLO,SPWR,ISRG,XLF,
GOOG,FWLT,HOD.TO,LULU,DUG,AMZN,
EBAY,HPQ,SNDK.
BLOG does NOT give buy or sell.
Saleem
Market searching for support......
GS ER was not bad under the existing scenario.....
Markets are trying to fight back towards positive.....but doing red & green every 15 minutes....
Feds will give comfort to the markets @ 2.15 PM in their verbage.....
This IS a difficult time for feds to deal with a system which was allowed to perpetuate for 10 years...
It is safe to FEEL that we are NEAR bottom.......
In my portfolio :
Bought JNPR.... my cost $25.31
Added more OIL.TO....my cost went down to $10.86
My portfolio is SOL,CSIQ,RIMM,PMCS,JNPR,GG & OIL.TO.....
OIL.TO Down 88 cents
GG Down 94 cents
PMCS UP 6 cents
JNPR UP 25 cents
CSIQ Down 16 cents
RIMM UP 12 cents
SOL Down 37 cents
@ 12.04 noon the following are green :
LDK,CMED,JASO,NVDA,POT,C,WYNN,MA,
BIDU,LVS,SOHU,VLO,SPWR,ISRG,XLF,
GOOG,FWLT,HOD.TO,LULU,DUG,AMZN,
EBAY,HPQ,SNDK.
BLOG does NOT give buy or sell.
Saleem
Monday, September 15, 2008
S&P 500 closed @ absolute LOW of the day @ 1192.70....
Finally S&P 500 broke through 52 week low of 1200.44 which was July LOW......
This breakdown in S&P 500 can be taken in many ways.......
Technicians will glee that it IS a breakdown........
Fundamental type like ME will take it as another evidence that FINALLY we are getting to the bottom of this bear market.....
From my understanding any previous low CAN be broken.....but it may go to NEW SUPPORT which MAY be slightly UNDER previous LOW......
Fed is expected to make "market impacting news either before market opens OR @ 2.15 PM".....
It COULD be a TURNAROUND Tuesday by close.......
Many quality stocks are on fire sale..like AAPL,RIMM,POT,AGU,FSLR,ISRG,GOOG......so try to create a strong diversified portfolio...to fight the NEGATIVITY...
BLOG does NOT give buy or sell.
Saleem
This breakdown in S&P 500 can be taken in many ways.......
Technicians will glee that it IS a breakdown........
Fundamental type like ME will take it as another evidence that FINALLY we are getting to the bottom of this bear market.....
From my understanding any previous low CAN be broken.....but it may go to NEW SUPPORT which MAY be slightly UNDER previous LOW......
Fed is expected to make "market impacting news either before market opens OR @ 2.15 PM".....
It COULD be a TURNAROUND Tuesday by close.......
Many quality stocks are on fire sale..like AAPL,RIMM,POT,AGU,FSLR,ISRG,GOOG......so try to create a strong diversified portfolio...to fight the NEGATIVITY...
BLOG does NOT give buy or sell.
Saleem
S&P 500 found support ABOVE 52 week Low???
Bear market bottom was not even challenged today in this mayhem......
S&P 500 went to 1212.69 well ABOVE 52 week low of 1200.44....
I guess.....market bottom WAS reached back in July???
Bear market bottom is always very painful.....
Many test/retest of low area.......
In my portfolio :
Bought OIL.TO...a mid level Oil & Gas exploration play.....cost $11.35
Portfolio is SOL,CSIQ,RIMM,GG,PMCS & OIL.TO
SOL Down 69 cents
CSIQ Down $1.75
RIMM Down $5.16
PMCS Down 19 cents
GG Down 53 cents
OIL.TO Down 63 cents..I am UP 28 cents per share
@ 11.42 AM the following in my watch list is green :
CMED,GOOG,HOD.TO,DUG,QID,DXD,SDS.
BLOG does NOT give buy or sell.
Saleem
S&P 500 went to 1212.69 well ABOVE 52 week low of 1200.44....
I guess.....market bottom WAS reached back in July???
Bear market bottom is always very painful.....
Many test/retest of low area.......
In my portfolio :
Bought OIL.TO...a mid level Oil & Gas exploration play.....cost $11.35
Portfolio is SOL,CSIQ,RIMM,GG,PMCS & OIL.TO
SOL Down 69 cents
CSIQ Down $1.75
RIMM Down $5.16
PMCS Down 19 cents
GG Down 53 cents
OIL.TO Down 63 cents..I am UP 28 cents per share
@ 11.42 AM the following in my watch list is green :
CMED,GOOG,HOD.TO,DUG,QID,DXD,SDS.
BLOG does NOT give buy or sell.
Saleem
Sunday, September 14, 2008
So....this WAS a "full blown" bear market????......
A year & two months ago....there was a clear cut talk of sub prime mess...compounded by Yen carrytrade.......
Greenspan predicted a crash in China......
All of the above was dismissed by lesser mind like US...as another gloom & doom talk by Greenspan to earn his $100,000 fee for speech.....
Some of US like ME analyzed that as long as you do NOT stay in financials.....we should do WELL in stock market.....
Some of US like ME also concluded that every 10 years US housing market goes through these corrections...so it is housing related sub-prime mess.....
So..... here we ARE after 14 months......there IS a worldwide meltdown in Stock markets .......
Most of the stocks which had nothing to do with financing & housing have taken a 40% to 60% HIT......
Most of the strong stocks in strong/GROWING sector are selling @ deep discount.......
This IS what bear market does......to good stocks...
If you can believe this...some home builders are @ 52 week HIGH......
While hyper growth stocks like POT,RIMM,AAPL,Oil & Gas,Coal ,Solar are given a 40% haircut......
So......
Where are we in this bear market cycle???
Because home builders are near 52 week highs.....which started & responsible for sub-prime mess & mortgage swaps disaster.........
We CAN look @ stock market with some comfort & hope.......
Presidential election in US is also showing preference for one candidate...which should help the sentiment for growth in stock market.......
So.....
How one should look @ stock market NOW???
I strongly suggest it is time to invest in many stocks...like a broad based portfolio of fast growing sectors.....
Suggest.... NOT concentrating in very few stocks......that was my bear market strategy......
Bear market IS certainly on its last legs......
Weakness should be bought......
NOW...you CAN try to let the WINNERS RUN.........& see how it GOES !!!!!
There is a major SHIFT in market phase.......
We are heading into BULL from BEAR..........
So do your OWN due diligence & go for fast growing sectors......
How to locate fast growing sectors???
Check EPS growth rate in 09......
Most of the highest growth EPS companies are trading NEAR LOWEST PE in 14 months.....
TIME to do FA ......as TA are BROKEN for most stocks......
So...do NOT rely on technical outfit for answers...
It IS the FUNDAMENTAL analysis which will give you the best bang for the buck......
Good luck with your OWN homework.
BLOG does NOT give buy or sell.
Saleem
Greenspan predicted a crash in China......
All of the above was dismissed by lesser mind like US...as another gloom & doom talk by Greenspan to earn his $100,000 fee for speech.....
Some of US like ME analyzed that as long as you do NOT stay in financials.....we should do WELL in stock market.....
Some of US like ME also concluded that every 10 years US housing market goes through these corrections...so it is housing related sub-prime mess.....
So..... here we ARE after 14 months......there IS a worldwide meltdown in Stock markets .......
Most of the stocks which had nothing to do with financing & housing have taken a 40% to 60% HIT......
Most of the strong stocks in strong/GROWING sector are selling @ deep discount.......
This IS what bear market does......to good stocks...
If you can believe this...some home builders are @ 52 week HIGH......
While hyper growth stocks like POT,RIMM,AAPL,Oil & Gas,Coal ,Solar are given a 40% haircut......
So......
Where are we in this bear market cycle???
Because home builders are near 52 week highs.....which started & responsible for sub-prime mess & mortgage swaps disaster.........
We CAN look @ stock market with some comfort & hope.......
Presidential election in US is also showing preference for one candidate...which should help the sentiment for growth in stock market.......
So.....
How one should look @ stock market NOW???
I strongly suggest it is time to invest in many stocks...like a broad based portfolio of fast growing sectors.....
Suggest.... NOT concentrating in very few stocks......that was my bear market strategy......
Bear market IS certainly on its last legs......
Weakness should be bought......
NOW...you CAN try to let the WINNERS RUN.........& see how it GOES !!!!!
There is a major SHIFT in market phase.......
We are heading into BULL from BEAR..........
So do your OWN due diligence & go for fast growing sectors......
How to locate fast growing sectors???
Check EPS growth rate in 09......
Most of the highest growth EPS companies are trading NEAR LOWEST PE in 14 months.....
TIME to do FA ......as TA are BROKEN for most stocks......
So...do NOT rely on technical outfit for answers...
It IS the FUNDAMENTAL analysis which will give you the best bang for the buck......
Good luck with your OWN homework.
BLOG does NOT give buy or sell.
Saleem
Saturday, September 13, 2008
BUY rated stocks for "a post LEH rally "
Following stocks are flashing buy signal.Please do your own due diligence by checking FA/TA/TAPE.
HCBK,GYMB,LULU,OSUR,TRLG,AFL,NYB,SJR,TSO,
VLO,WGO,SBP,MU,LEN,F,GM,WNR.
Next post by 10 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
HCBK,GYMB,LULU,OSUR,TRLG,AFL,NYB,SJR,TSO,
VLO,WGO,SBP,MU,LEN,F,GM,WNR.
Next post by 10 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for "a post LEH rally "
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
APA,NUE,KO,UNG,BDK,WLP,AGU,FTO,LVLT,SOV,
RJET,HOV,IFF,PZZA.
BLOG does NOT give buy or sell.
Saleem
APA,NUE,KO,UNG,BDK,WLP,AGU,FTO,LVLT,SOV,
RJET,HOV,IFF,PZZA.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for "a post LEH rally "
Following stocks are showing technical weakness based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
BABY,ARAY,ALXA,CMG,CPKI,WIT,CTSH,
LM,MS,AIG,GMCR.
BLOG does NOT give buy or sell.
Saleem
BABY,ARAY,ALXA,CMG,CPKI,WIT,CTSH,
LM,MS,AIG,GMCR.
BLOG does NOT give buy or sell.
Saleem
Friday, September 12, 2008
Markets recouped all the losses from morning slump???
Markets are showing great fighting spirit by closing near flat +-
Morning started with a major selloff 150 dow points...by end of the day it was missing only 11 points after staying green....
US$ was weak.....
GOLD stocks were UP....
AG stocks were UP...
Steels stocks were UP....
Coal stocks were UP....
Nat gas stocks were UP.....
Oil stocks were UP......
Solar stocks were UP....
Refiners were strong.....
Financials were down...
Techs were weak.....
LEH & AIG will have major news on Monday.....
FED will try to draw a line in the sand...AGAIN !!!!
By 10AM Saturday...I will post a list of technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Morning started with a major selloff 150 dow points...by end of the day it was missing only 11 points after staying green....
US$ was weak.....
GOLD stocks were UP....
AG stocks were UP...
Steels stocks were UP....
Coal stocks were UP....
Nat gas stocks were UP.....
Oil stocks were UP......
Solar stocks were UP....
Refiners were strong.....
Financials were down...
Techs were weak.....
LEH & AIG will have major news on Monday.....
FED will try to draw a line in the sand...AGAIN !!!!
By 10AM Saturday...I will post a list of technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Dow DOWN 151 first..NOW UP 21 $$$$
Markets are displaying a solid bear market bottom tape by going down daily ..then fighting its way back UP.....
All the bad news of Financials are priced IN......
Financials will still collapse on an individual basis ...but market IMPACT will be minimal....
In this kind of tape...it IS important to buy on weakness.......
Time to build a well diversified portfolio.....
In my portfolio :
I added more PMCS on weakness after open..my cost went down to $8.62
RIMM Down $1.31...behaving well after major RUNUP for two days....
GG UP $2.01...Gold UP $15...as US$ is weak against all major currencies....
PMCS Down 19 cents
CSIQ UP $1.24
SOL UP 60 cents
@ 11.35 AM the following are green :
ECA,STP,LDK,JASO,SOLF,WFR,YGE,V,SLV,POT,
YHOO(downgraded),CCJ,JRCC,WYNN,LVS,SOHU,
NYX,AUY,VLO,ABX,SPWR,FSLR,GS,GOOG,FWLT,
VMW,AGU,IPI,LULU,TOL,KGC,X.
BLOG does NOT give buy or sell.
Saleem
All the bad news of Financials are priced IN......
Financials will still collapse on an individual basis ...but market IMPACT will be minimal....
In this kind of tape...it IS important to buy on weakness.......
Time to build a well diversified portfolio.....
In my portfolio :
I added more PMCS on weakness after open..my cost went down to $8.62
RIMM Down $1.31...behaving well after major RUNUP for two days....
GG UP $2.01...Gold UP $15...as US$ is weak against all major currencies....
PMCS Down 19 cents
CSIQ UP $1.24
SOL UP 60 cents
@ 11.35 AM the following are green :
ECA,STP,LDK,JASO,SOLF,WFR,YGE,V,SLV,POT,
YHOO(downgraded),CCJ,JRCC,WYNN,LVS,SOHU,
NYX,AUY,VLO,ABX,SPWR,FSLR,GS,GOOG,FWLT,
VMW,AGU,IPI,LULU,TOL,KGC,X.
BLOG does NOT give buy or sell.
Saleem
Thursday, September 11, 2008
Dow 168 DOWN first then 164 points UP????
Dow had a 335 points intraday swing....closing near high of +164 points...
This was again a classic bear market reversal from near 52 week LOW....
It has been a long time since we ended the week on an UPTREND.....
Gold went well below support to $744 area....oversold & washed out.....reversal is coming @ a gold jeweller near you.......
Oil also is washed out by kissing $100 today.....reversal coming near your favourite gas station...
Ag stocks found footing & reversed......
Refiners were strong.....
Solar had a weak green day.....
Solar conference in Spain & Germany NOT giving a lift to this sector???
RIMM,QCOM,AMZN, were the superstars in techs......
My portfolio remained :
RIMM.... Technology..Smart phone..announced a Flip Pearl smartphone which looks stunning..BOLD as known to everyone except CNBC...comes out in Oct as scheduled to accommodate ATT need for certifications......to ensure 3G & other speed & software/hardware requirements....
PMCS..Technology...Sells chips to telecom for Fibre to Home in Asian growth of broadband...
GG..Gold producer with low cost & increasing production profile.....
SOL..Solar ...Wafer producer for solar PVC maker like STP,SOLF.....
CSIQ..Solar...Integrated maker of PVC..heavy emphasis in Spain....
Solar stocks are also affected by the strength of US$ against Euro materially...which will affect EPS due to less favourable exchange rate than last Q......
BLOG does NOT give buy or sell.
Saleem
This was again a classic bear market reversal from near 52 week LOW....
It has been a long time since we ended the week on an UPTREND.....
Gold went well below support to $744 area....oversold & washed out.....reversal is coming @ a gold jeweller near you.......
Oil also is washed out by kissing $100 today.....reversal coming near your favourite gas station...
Ag stocks found footing & reversed......
Refiners were strong.....
Solar had a weak green day.....
Solar conference in Spain & Germany NOT giving a lift to this sector???
RIMM,QCOM,AMZN, were the superstars in techs......
My portfolio remained :
RIMM.... Technology..Smart phone..announced a Flip Pearl smartphone which looks stunning..BOLD as known to everyone except CNBC...comes out in Oct as scheduled to accommodate ATT need for certifications......to ensure 3G & other speed & software/hardware requirements....
PMCS..Technology...Sells chips to telecom for Fibre to Home in Asian growth of broadband...
GG..Gold producer with low cost & increasing production profile.....
SOL..Solar ...Wafer producer for solar PVC maker like STP,SOLF.....
CSIQ..Solar...Integrated maker of PVC..heavy emphasis in Spain....
Solar stocks are also affected by the strength of US$ against Euro materially...which will affect EPS due to less favourable exchange rate than last Q......
BLOG does NOT give buy or sell.
Saleem
S&P 500 went to 1211.54 intraday... higher than 1200.44 !!!
Markets are completing their test/retest based on news......
Latest focus is on LEH......
Next could be AIG or MER......
These negative financial news will NOT end anytime soon......????
Because they are all interlinked with debt swap & bad mortgages...which has very little market value......
So all you CAN do is stay away from financials in any shape, size or form.....
There IS more consolidation coming in financials....in the end we may lose half of big names by mergers @ low,low prices......
In my portfolio :
I bought more PMCS ...my price went down to $8.69......this is a semiconductor play with rising sales & earnings.....they sell to telecom space....
RIMM UP $1.76
GG Down 49 cents
PMCS Down 11 cents
CSIQ UP 51 cents
SOL down 44 cents
@ 11.38 AM the following are green :
BRCM,ECA,LDK,POT,ICE,YHOO,CCJ,JRCC,IGT,
WYNN,MA,BIDU,LVS,MRVL,VLO,SPWR,GOOG,FWLT,
VAR,AGU,AMZN,X.
BLOG does NOT give buy or sell.
Saleem
Latest focus is on LEH......
Next could be AIG or MER......
These negative financial news will NOT end anytime soon......????
Because they are all interlinked with debt swap & bad mortgages...which has very little market value......
So all you CAN do is stay away from financials in any shape, size or form.....
There IS more consolidation coming in financials....in the end we may lose half of big names by mergers @ low,low prices......
In my portfolio :
I bought more PMCS ...my price went down to $8.69......this is a semiconductor play with rising sales & earnings.....they sell to telecom space....
RIMM UP $1.76
GG Down 49 cents
PMCS Down 11 cents
CSIQ UP 51 cents
SOL down 44 cents
@ 11.38 AM the following are green :
BRCM,ECA,LDK,POT,ICE,YHOO,CCJ,JRCC,IGT,
WYNN,MA,BIDU,LVS,MRVL,VLO,SPWR,GOOG,FWLT,
VAR,AGU,AMZN,X.
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 10, 2008
Markets stable after LEH ER....
Markets are showing sign of stability after LEH early release of their Q report.....
There was NO negative surprise in that report.
In my portfolio :
I bought PMCS my cost $8.85....
Portfolio is CSIQ,SOL,RIMM,GG & PMCS......
As I am feeling more comfortable with market...I will add stocks to my position.....
Markets will do its usual test/retest.....support/resistance....but will gradually build from here.
I feel it is a good time to add strong stocks in every sector.
PS...I have to go to attend a funeral for a very close family friend whose father died early morning.....so there will be NO wrap up BLOG after close.
BLOG does NOT give buy or sell.
Saleem
There was NO negative surprise in that report.
In my portfolio :
I bought PMCS my cost $8.85....
Portfolio is CSIQ,SOL,RIMM,GG & PMCS......
As I am feeling more comfortable with market...I will add stocks to my position.....
Markets will do its usual test/retest.....support/resistance....but will gradually build from here.
I feel it is a good time to add strong stocks in every sector.
PS...I have to go to attend a funeral for a very close family friend whose father died early morning.....so there will be NO wrap up BLOG after close.
BLOG does NOT give buy or sell.
Saleem
Tuesday, September 9, 2008
S&P 500 closed @ 1224.51 ...absolute low of the day !!!
Markets are taking a pounding again & again......
The minute you feel good about your stocks .....it goes LOWER in a hurry???
So....what IS going ON ????
When is IT going to end????
The answer IS ....
It IS a bear market...so these conditions may stay with us well into new year......
So.....
What should be the strategy to invest or trade???
Buy solid growth companies which have ongoing business not MATERIALLY affected by today's fickle economic environment......
Also have a tight trading range......sell before resistance......
Repeat the buy point & sell point over & over on the same stock......
Generally speaking ...BUY on big down day's & SELL on big UP day's......
Do NOT worry about buying near low of the day.....it IS impossible to catch the low unless you get lucky.....
My portfolio is SOL,CSIQ,RIMM & GG.......
I am planning to trade these positions when I see profit & OUT before 1st resistance......
It is NEVER too late to adjust to current REALITY in markets ...which is LOT different & DIFFICULT trading environment......
By doing NOTHING...one may compound the loss of equity.....
So.....Have a well defined strategy which suits you & your OBJECTIVES......
Some stocks & sectors are completely out of favour and there IS a major SHIFT going ON.....Knowing that will save lot of grief.
BLOG does NOT give buy or sell.
Saleem
The minute you feel good about your stocks .....it goes LOWER in a hurry???
So....what IS going ON ????
When is IT going to end????
The answer IS ....
It IS a bear market...so these conditions may stay with us well into new year......
So.....
What should be the strategy to invest or trade???
Buy solid growth companies which have ongoing business not MATERIALLY affected by today's fickle economic environment......
Also have a tight trading range......sell before resistance......
Repeat the buy point & sell point over & over on the same stock......
Generally speaking ...BUY on big down day's & SELL on big UP day's......
Do NOT worry about buying near low of the day.....it IS impossible to catch the low unless you get lucky.....
My portfolio is SOL,CSIQ,RIMM & GG.......
I am planning to trade these positions when I see profit & OUT before 1st resistance......
It is NEVER too late to adjust to current REALITY in markets ...which is LOT different & DIFFICULT trading environment......
By doing NOTHING...one may compound the loss of equity.....
So.....Have a well defined strategy which suits you & your OBJECTIVES......
Some stocks & sectors are completely out of favour and there IS a major SHIFT going ON.....Knowing that will save lot of grief.
BLOG does NOT give buy or sell.
Saleem
S&P 500 Low 1246.32 so far.....
Markets are on much more "stable ground"than some technicians were ready for......
I will not be surprised to see a firm close......
GOLD & OIL are weak......Gold is recovering from its low.....
Oil looks like it is headed towards $100 where there will be a battle between bulls & bears.....
In my portfolio :
Bought RIMM my cost $104.37.....showing relative strength today...plus it is in the process of introducing BOLD to US.....estimates & targets were reduced yesterday which will help in RIMM beating those lowered numbers.....Targets are still in $190 area.....
Portfolio is RIMM,GG,SOL & CSIQ......
RIMM UP $1.56 to $104.23...I am Down 14 cents
GG Down $1.84
SOL Down 97 cents
CSIQ Down $3.16.....technical breakdown well below 200 DMA
@11.41 AM the following are green :
JNPR,NVDA,CTRN,ISRG,VAR,AAPL,HOD.TO,
DUG,SNY,HPQ.
Solar stocks are breaking down big time with Oil......if oil takes a stand here then Solar MAY find footing.
BLOG does NOT give buy or sell.
Saleem
I will not be surprised to see a firm close......
GOLD & OIL are weak......Gold is recovering from its low.....
Oil looks like it is headed towards $100 where there will be a battle between bulls & bears.....
In my portfolio :
Bought RIMM my cost $104.37.....showing relative strength today...plus it is in the process of introducing BOLD to US.....estimates & targets were reduced yesterday which will help in RIMM beating those lowered numbers.....Targets are still in $190 area.....
Portfolio is RIMM,GG,SOL & CSIQ......
RIMM UP $1.56 to $104.23...I am Down 14 cents
GG Down $1.84
SOL Down 97 cents
CSIQ Down $3.16.....technical breakdown well below 200 DMA
@11.41 AM the following are green :
JNPR,NVDA,CTRN,ISRG,VAR,AAPL,HOD.TO,
DUG,SNY,HPQ.
Solar stocks are breaking down big time with Oil......if oil takes a stand here then Solar MAY find footing.
BLOG does NOT give buy or sell.
Saleem
Monday, September 8, 2008
Financials were the superstar in Dow 290 RUNUP !!!
Dow was UP 290 after fading earlier to less than 100 points......
Technology was extremely WEAK ????
It seems that every sector has been hit severely.....
Home Builders,Retail & Financials were strong & have seen their LOWS.....
It will be interesting to see when Oil,Ag,Steel,Nat gas,Solar,Gold,Coal,Techs will turn UP...
In my portfolio :
Bought GG a frontline Gold stock which IS being trashed while Gold is staying above $800 and entering strong Gold selling season in India,China,Middle East & Christmas season...My cost $27.99
My portfolio is CSIQ,SOL & GG......
CSIQ rating 45/90 target $41.06
GG rating 55/70 target $37.34
SOL rating 45/70 target $28.46
Market strength will be evident if we close Green on Tuesday.....Technicians were trying to crash the party today also...they MAY try again Tuesday......I personally believe that Decision on FNM & FRE is good for the strength in the market and will bring confidence gradually.....
BLOG does NOT give buy or sell.
Saleem
Technology was extremely WEAK ????
It seems that every sector has been hit severely.....
Home Builders,Retail & Financials were strong & have seen their LOWS.....
It will be interesting to see when Oil,Ag,Steel,Nat gas,Solar,Gold,Coal,Techs will turn UP...
In my portfolio :
Bought GG a frontline Gold stock which IS being trashed while Gold is staying above $800 and entering strong Gold selling season in India,China,Middle East & Christmas season...My cost $27.99
My portfolio is CSIQ,SOL & GG......
CSIQ rating 45/90 target $41.06
GG rating 55/70 target $37.34
SOL rating 45/70 target $28.46
Market strength will be evident if we close Green on Tuesday.....Technicians were trying to crash the party today also...they MAY try again Tuesday......I personally believe that Decision on FNM & FRE is good for the strength in the market and will bring confidence gradually.....
BLOG does NOT give buy or sell.
Saleem
Market losing Steam....Dow UP 138.....from UP 348???
Markets are well below their highs......
NASDAQ is Red......
Financials rallied strongly but are trading below their Highs also.....
In my portfolio :
CSIQ Down $1.63....
SOL Down 64 cents...
@11.53 AM the following are green :
CMED,JNPR,C,TKC,IGT,BIDU,WYN,NYX,
ISRG,XLF,SNE,GS,VAR,AMZN,ALX.
BLOG does NOT give buy or sell.
Saleem
NASDAQ is Red......
Financials rallied strongly but are trading below their Highs also.....
In my portfolio :
CSIQ Down $1.63....
SOL Down 64 cents...
@11.53 AM the following are green :
CMED,JNPR,C,TKC,IGT,BIDU,WYN,NYX,
ISRG,XLF,SNE,GS,VAR,AMZN,ALX.
BLOG does NOT give buy or sell.
Saleem
Sunday, September 7, 2008
Markets ready to "blast OFF above resistance"
With the resolution of the biggest mortgage mess in the history of wall street by treasury taking over FRE & FNM which guarentees all the debt of housing mess......
As many pundits have said markets will NOT bottom unless housing bottoms......
Markets will also NOT bottom unless financials bottoms......
FRE & FNM are tied to both housing & financials mess...so their takeover CLEARS up the biggest obstacle to market breathing little better.....
Lot of chartist still believes that their will be a break below July lows...and technically market will NOT bottom until we reach 960 to 1090 in S&P 500.......this analysis is from stockcharts.com whose newsletter I receive weekly titled "chartwatchers newsletter".......
Based on my averaging out the two above numbers..we are looking @ 1025 on S&P 500 which IS a far cry from current 1242 on S&P 500....another 17.47% drop......possibility???
As we have learned that NOT all sectors go down with every drop in markets.......
Technology is vulnerable????
Solar SHOULD defy the downturn as its fundamentals are getting better & better ..plus they have corrected way more than drop in S&P 500.......
Why Solar fundamental is improving :
Republicans wants Solar tax credit to go through BEFORE election as per George W. BUSH weekly radio address yesterday......
Sarah Palin wants Solar.....
McCain wants Solar...
Obama loves Solar.....
Spain reduction in subsidy MAY not be as severe....
France,Italy,Germany,Japan,Middle East,India,China LOVES Solar.......US is ready to Join Solar momentum in few days as congress comes back on Monday to RESUME "people business"...
Solar is poised to become the investment of century as all stars are "aligned NOW"
I will highlight solar stocks from a totally different perspective.......
I am highlighting Sales for 09 & current market cap which IS another way to look @ stars & LAGGARDS.......
Guess what ...sometimes laggards gives you the "biggest bang for the buck"
All data as of Friday close from Yahoo Finance & MSN moneycentral.......
STP Sales 09 $3.21B...Market Cap $6.68B MC to Sales ratio 2.08
LDK Sales 09 $2.50B...Market Cap $4.81B MC to Sales ratio 1.92
CSIQ Sales 09 $1.73B...Market Cap $991.20M MC to Sales .. .57
SOL..Sales 09 $1.26B..Market Cap $1.04B MC to Sales ratio .83
TSL..Sales 09 $1.29B.Market Cap $712.35 MC to Sales ratio .55
SOLF.Sales 09 $1.10B Market Cap $695.86M MC to Sales... .63
JASO.Sales 09 $1.90B Market Cap $2.61B MC to Sales ratio.1.37
YGE..Sales 09 $1.74B Market Cap $1.94B MC to sales ratio.1.11
CSUN Sales 09 $610.43M Market Cap$366.46M MC to Sales .60
FSLR Sales 09 $2.20B Market Cap $18.89B MC to sales ratio 8.59
SPWR Sales 09 $2.05B Market Cap $7.35B MC to Sales ratio 3.59
So do your OWN due diligence based on current market Cap ratio......there IS more to these ratios than what IS obvious to retail......like HUGE American Premium or DEEP Chinese Discount on Solar stocks....never heard of this METRIC before???
BLOG does NOT give buy or sell.
Saleem
As many pundits have said markets will NOT bottom unless housing bottoms......
Markets will also NOT bottom unless financials bottoms......
FRE & FNM are tied to both housing & financials mess...so their takeover CLEARS up the biggest obstacle to market breathing little better.....
Lot of chartist still believes that their will be a break below July lows...and technically market will NOT bottom until we reach 960 to 1090 in S&P 500.......this analysis is from stockcharts.com whose newsletter I receive weekly titled "chartwatchers newsletter".......
Based on my averaging out the two above numbers..we are looking @ 1025 on S&P 500 which IS a far cry from current 1242 on S&P 500....another 17.47% drop......possibility???
As we have learned that NOT all sectors go down with every drop in markets.......
Technology is vulnerable????
Solar SHOULD defy the downturn as its fundamentals are getting better & better ..plus they have corrected way more than drop in S&P 500.......
Why Solar fundamental is improving :
Republicans wants Solar tax credit to go through BEFORE election as per George W. BUSH weekly radio address yesterday......
Sarah Palin wants Solar.....
McCain wants Solar...
Obama loves Solar.....
Spain reduction in subsidy MAY not be as severe....
France,Italy,Germany,Japan,Middle East,India,China LOVES Solar.......US is ready to Join Solar momentum in few days as congress comes back on Monday to RESUME "people business"...
Solar is poised to become the investment of century as all stars are "aligned NOW"
I will highlight solar stocks from a totally different perspective.......
I am highlighting Sales for 09 & current market cap which IS another way to look @ stars & LAGGARDS.......
Guess what ...sometimes laggards gives you the "biggest bang for the buck"
All data as of Friday close from Yahoo Finance & MSN moneycentral.......
STP Sales 09 $3.21B...Market Cap $6.68B MC to Sales ratio 2.08
LDK Sales 09 $2.50B...Market Cap $4.81B MC to Sales ratio 1.92
CSIQ Sales 09 $1.73B...Market Cap $991.20M MC to Sales .. .57
SOL..Sales 09 $1.26B..Market Cap $1.04B MC to Sales ratio .83
TSL..Sales 09 $1.29B.Market Cap $712.35 MC to Sales ratio .55
SOLF.Sales 09 $1.10B Market Cap $695.86M MC to Sales... .63
JASO.Sales 09 $1.90B Market Cap $2.61B MC to Sales ratio.1.37
YGE..Sales 09 $1.74B Market Cap $1.94B MC to sales ratio.1.11
CSUN Sales 09 $610.43M Market Cap$366.46M MC to Sales .60
FSLR Sales 09 $2.20B Market Cap $18.89B MC to sales ratio 8.59
SPWR Sales 09 $2.05B Market Cap $7.35B MC to Sales ratio 3.59
So do your OWN due diligence based on current market Cap ratio......there IS more to these ratios than what IS obvious to retail......like HUGE American Premium or DEEP Chinese Discount on Solar stocks....never heard of this METRIC before???
BLOG does NOT give buy or sell.
Saleem
Saturday, September 6, 2008
BUY rated stocks for "DEEPLY OVERSOLD RALLY "
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
HOKU,SNDK,APSG,CEDU,GLAD,INTV,IVAC,MNRO,
TWGP,USMO,GIS,KG,LUV,UL,ZZ.
Next post Sunday by 10AM.
BLOG does NOT give buy or sell.
Saleem
HOKU,SNDK,APSG,CEDU,GLAD,INTV,IVAC,MNRO,
TWGP,USMO,GIS,KG,LUV,UL,ZZ.
Next post Sunday by 10AM.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for "DEEPLY OVERSOLD RALLY "
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
UHS,AEA,FTO,CTRN,JAS,CTSH,ASF,STMP,FRPT,DLLR,
OMX,GE,SHLD,NAVI,GYMB,DAVE,BNHNA,HOFT.
BLOG does NOT give buy or sell.
Saleem
UHS,AEA,FTO,CTRN,JAS,CTSH,ASF,STMP,FRPT,DLLR,
OMX,GE,SHLD,NAVI,GYMB,DAVE,BNHNA,HOFT.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for "DEEPLY OVERSOLD RALLY "
Following stocks are showing technical weakness based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
CKP,TRW,CAR,CDS,ANGO,PNK,RGC,FCSX,VMC.
BLOG does NOT give buy or sell.
Saleem
CKP,TRW,CAR,CDS,ANGO,PNK,RGC,FCSX,VMC.
BLOG does NOT give buy or sell.
Saleem
Friday, September 5, 2008
S&P 500 fought its way UP from 1217.23......
S&P 500 came within 17 points of 52wk low ...& then fought its way UP to close near high of the day @ 1242.31..........
AG came back in a big way......POT was UP over $15 from low of $145 area.....
Techs also came back from dead......
AH WSJ saying that treasury is finalizing plans to back up FNM & FRE....which MAY severely affect retail equity in those stocks.....
On WSJ story financials moved UP AH....
In my portfolio :
CSIQ rating 45/95 target $41.98
SOL rating 35/70 target $28.59
Solar stocks came back after reaching/testing support.....
AAPL is ready to reveal its latest gadget on Monday......
NOK warning for Q3 affected RIMM & AAPL to get to their lowest point in months.....
Expect a strong market on Monday...when Oil MAY bounce back also......
By 10AM Saturday will post technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
AG came back in a big way......POT was UP over $15 from low of $145 area.....
Techs also came back from dead......
AH WSJ saying that treasury is finalizing plans to back up FNM & FRE....which MAY severely affect retail equity in those stocks.....
On WSJ story financials moved UP AH....
In my portfolio :
CSIQ rating 45/95 target $41.98
SOL rating 35/70 target $28.59
Solar stocks came back after reaching/testing support.....
AAPL is ready to reveal its latest gadget on Monday......
NOK warning for Q3 affected RIMM & AAPL to get to their lowest point in months.....
Expect a strong market on Monday...when Oil MAY bounce back also......
By 10AM Saturday will post technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 low 1217.24...about 17 points away from 52wk LOW
Markets are reacting to bad job data where job loss are mounting.....even revisions were to the downside....Unemployment rate is highest in 5 years 6.1%.....
I am still expecting firmness by close as we are OVERSOLD in markets & in most stocks....NOT a bad day to restart some trades.....
In my portfolio :
CSIQ Down $1.70
SOL Down 63 cents
@ 11.26AM the following are green :
JNPR,WFR,TKC,GG,ICE,YHOO,IGT,MRVL,ABX,
DUG,SNDK,QID,SDS,DXD.
BLOG does NOT give buy or sell.
Saleem
I am still expecting firmness by close as we are OVERSOLD in markets & in most stocks....NOT a bad day to restart some trades.....
In my portfolio :
CSIQ Down $1.70
SOL Down 63 cents
@ 11.26AM the following are green :
JNPR,WFR,TKC,GG,ICE,YHOO,IGT,MRVL,ABX,
DUG,SNDK,QID,SDS,DXD.
BLOG does NOT give buy or sell.
Saleem
Thursday, September 4, 2008
S&P 500 low today 1232.83....52wk low 1200.44???
Markets are falling ever since S&P 500 closed above 1300......
Selling is OVERDONE......
Reason for this selling is attributed to hedge funds forced liquidation......
Today's tape was more like hedge fund capitulation......
In my portfolio :
CSIQ rating 40/90 target $42.48
SOL rating 35/70 target $28.36
Among the laggard solar stock SOLF took off in last few minutes of close on NO news..OVERSOLD???.......
HOKU announced cancellation & new $1billion Polysilicon deal...stock UP 10%++++
Now...only if CSIQ & SOL join the UP mode like STP,LDK......
Friday's job report will be the-economic news @ 830AM.....I do not think it will be a market moving event as we are already washed out.....so bad news will be greeted like good news...because market is OVERSOLD !!!
BLOG does NOT give buy or sell.
Saleem
Selling is OVERDONE......
Reason for this selling is attributed to hedge funds forced liquidation......
Today's tape was more like hedge fund capitulation......
In my portfolio :
CSIQ rating 40/90 target $42.48
SOL rating 35/70 target $28.36
Among the laggard solar stock SOLF took off in last few minutes of close on NO news..OVERSOLD???.......
HOKU announced cancellation & new $1billion Polysilicon deal...stock UP 10%++++
Now...only if CSIQ & SOL join the UP mode like STP,LDK......
Friday's job report will be the-economic news @ 830AM.....I do not think it will be a market moving event as we are already washed out.....so bad news will be greeted like good news...because market is OVERSOLD !!!
BLOG does NOT give buy or sell.
Saleem
Oil,Gold down...Markets sharply lower ....
S&P 500 low so far is 1248.46.......
Oil is down....
Gold is down....
Markets are trying to RETEST support on S&P 500....
Most sectors are down......
Ag is hitting new trading lows.....
Solar stocks are weak except LDK & SPWR...who are sporting a green so far....
In my portfolio :
SOL Down 69 cents
CSIQ Down $1.19
@ 11.33 AM the following are green :
LDK,SPWR,TOL,DUG,HOD.TO,QID,SDS,DXD.
BLOG does NOT give buy or sell.
Saleem
Oil is down....
Gold is down....
Markets are trying to RETEST support on S&P 500....
Most sectors are down......
Ag is hitting new trading lows.....
Solar stocks are weak except LDK & SPWR...who are sporting a green so far....
In my portfolio :
SOL Down 69 cents
CSIQ Down $1.19
@ 11.33 AM the following are green :
LDK,SPWR,TOL,DUG,HOD.TO,QID,SDS,DXD.
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 3, 2008
Only Financials marching to its own beat...rest ???
Markets were in a coma again except for financials stocks.....
They are marching to their OWN tune which defies gravity ????
Markets are becoming trading environment every hour......
Many sectors are sold off sharply......thanks to China being on hold for Olympics & ready to charge UP.....
Solar stocks.... looks like washed out again & again......is this the final flush out of weak & nervous holders???
In my portfolio :
CSIQ rating 30/95 target $43.14
SOL rating 45/95 target $28.38
Technology stocks are having a very bad week...down down & down.....
Market is gearing UP for a strong two day's......
BLOG does NOT give buy or sell.
Saleem
They are marching to their OWN tune which defies gravity ????
Markets are becoming trading environment every hour......
Many sectors are sold off sharply......thanks to China being on hold for Olympics & ready to charge UP.....
Solar stocks.... looks like washed out again & again......is this the final flush out of weak & nervous holders???
In my portfolio :
CSIQ rating 30/95 target $43.14
SOL rating 45/95 target $28.38
Technology stocks are having a very bad week...down down & down.....
Market is gearing UP for a strong two day's......
BLOG does NOT give buy or sell.
Saleem
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