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
17 comments:
Hi salim ,all
First time i kept my position even though i was down. Kept AAPL ,FWLT, JPM. Bought JPM at the end of the day.
Thanxs all it looks like slowly we will go higher.
Hi Ds,
Markets are on the mend....
Good luck with your holings.
Saleem
Hi salim, all
It looks like it is time to add more fianacial stock. Finally i will make good money in AAPL.lost all the time in AAPL. Sold WM with few cents profit.Cant be in front of computer all the time .Have to go to work.
Anybody selling today????thanxs
Hi Ds,
We all have our limitations in terms of trading.
Many limitations are sector focus and having different trading strategy.....daytrading vs swing vs long term.....
I alway's look towards fundamentals to give me ideas based on recent price.
Financials will be OVERBOUGHT today with price action...imho
I am glad you kept the faith in AAPL as most of us did for our portfolio....
It was the worst bear market ..I have observed...which made no sense if you were not in financials or housing.....
All this mess has nothing to do with techs...but they were decimated like financials.
Technicals will not be of any help now...because fundamentals will pay UP big time.....
So....know your stocks well & show CONVICTION.
Saleem
Hi salim ,all
Sold out 70 % jpm at 46, fwlt 45.27 and AAPL 143
good proffit. I sold because i was on very heavy margin.
Otherwise lookig good.
thanxs
hi saleem,
you are a daring guy and you deserve to reap the harvest. i was so coautious and just holding one position only. on the other hand you did the right thing. thums up to you saleem. only patience, perseverance can get something from this market. i know how you have been feeling when you had so many positions.
good luck to you saleem
steve
Hi Ds,
Good move....for locking huge profit.
Now...think differently....because markets have changed...a broad sector diversification IS A GOOD THING....
Saleem
Hi Steve,
Sometimes experience tell us to STAY IN THE GAME especially "near bottom"
I knew bottom is @ hand when market went through 1200 on S&P 500.....
Get in good stocks which have been beaten down ...FA is of prime importance NOW.....because TA has NO MEANING @ the bottom of bear market....everything was broken from RIMM,AAPL,POT..you name it it was broken...
Good luck on your next moves.
If you have any question ..I will be happy to respond QUICKLY !!!
Saleem
HELLO all
Wow what a POP
RIMM and AAPLK are on fire
as is my Visa
Good luck to all
Hi All,
The shorts are screaming in pain! Howling of unfairness. Several were wiped out yesterday. Hedge funds on CNBC say they should have been consulted first before the SEC made its ruling. Clearer sky's ahead. I would not sell anything until we start to get toppy.
Best Regards
saleem
i sold csiq got some profit. now i am just watching the mraket; please let me know if i can buy some stocks. huge gap up and so i am little reluctant to buy anything now. i appreciate your kind gesture of helping. sometimes we also need to be lucky;
good luck
steve
hi standards
You have to be VERY careful here as we all could get set up for a final correction J the Cramer says he thinks so!!
I am carefully exuberant
Got more AAPL & RIMM & MON at $117.50
I like Visa here too.
Cheers
Hi Steve,
Great move on booking profit in CSIQ....it went red..after you sold.
Alway's buy when you are comfortable....
It is OK to sit back & watch....
If you have specific stocks questions...I will be happy to give my 2 cents worth.
Saleem
Saleem,
What's your take on LDK's $150mln shelf offering? Thanks.
Saleem
Here is http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=mon,pltad[pa][da][f!3!!]&pnf=y chart
NICE target $143
Hi John,
LDK is in a hyper-growth mode...it needs fund to expand & complete current & future production...
$150 million will be additional 3.75 million shares dilution if they price @ $40....
I have a funny feeling..it will be more like $200 million once over-allotment is factored...
So...$200 @ $40...it will be about 5 million additional share...not bad considering their next year earnings..
Currently LDK has 106.48 million shares outstanding.....which will be 4.7% dilution only if 5 million shares are sold....
It is a buying opportunity imho!!!
Saleem
Thanks Saleem! Appreciate your comments on LDK.
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