Friday, September 12, 2008

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
at

7 comments:

  1. dslnbullSeptember 12, 2008 at 9:45 AM

    Hi salim

    I am playing with few stock, fwlt, joyg, bac, jpm, csiq, upl Switch back and forth. Bought BAC, JPM, FWLT and sold . Buying back BAC, just back in .Mty laptopm N key does ot work so i miss many time.sorry for that.

    Than.x

    ReplyDelete
  2. dslnbullSeptember 12, 2008 at 10:14 AM

    Hi salim

    looks bad, Sold out with little loss.Now 100 % cash.Very tough.Now time to go to work. hanxsno tension .t

    ReplyDelete
  3. Stocks100September 12, 2008 at 10:15 AM

    Hi Ds,

    You are a very committed daytrader...good for you....

    I like my snail pace trading style...a mix of 70% FA & 30% TA.

    Holding firm as we are NEAR bottom.

    Saleem

    ReplyDelete
  4. madmaxSeptember 12, 2008 at 10:16 AM

    SALEEM is RIMM safe here

    Looks so beaten up

    ReplyDelete
  5. Stocks100September 12, 2008 at 10:32 AM

    Hi Madmax,

    RIMM is looking very strong here...see how fast it snaps back.

    Saleem

    ReplyDelete
  6. madmaxSeptember 12, 2008 at 10:36 AM

    SALEEM

    What a busy stockday!!!! So many up's Green
    Even my GS is up as in MONSANTO another $5 bucks

    I got some RIMM today at $105.40 so I am out of cash and fully invested.
    I like your mix of FA and TA and I hate all the TA charts right now. Looking at Sharp charts and it shows a dismal picture.

    I gotta love your positive meed and your keep plugging attitude

    Here is to you and a green close
    Hurray

    ReplyDelete
  7. Stocks100September 12, 2008 at 10:41 AM

    Hi Madmax,

    Thanks for your note.

    I DO try to look @ markets & stocks from fundamental point of view...which takes lot of indepth work....

    But in the end it IS worth it....

    It IS alway's a pleasure to share my view of trading/investing....

    I alway's do what I say !!!

    Saleem

    ReplyDelete