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
6 comments:
hi saleem,
i am still holding rimm. i think i can get something out of it. i should have bought more on friday.
as i look at the market i feel that solar is not up as much as the general market is . ihave only one position - 100 shares of rimm. these days it is good to be little prudent and have cash as a position. who knows we might get a better opportunity to buy good stocks at a lower price.
good luck
steve
Hi Steve,
Markets are tough...so i understand hesitation by many traders.
I will continue to add in a very diversified manner.....
I firmly believe that Bottom is IN.
Saleem
Saleem,
what's your opinion on SOLAR sector. LDK/CSIQ/SOL all are attractive. looks like good buy at these price levels. SOL looks laggard in the group. there is no announcement from the managemnt.
good luck
Ram
Hi Ram,
I like SOL for its extremely low PE.
LDK & STP are other good ones....
CSIQ is weak.
Saleem
SALEEM
Just got back to the home office
We had a great day Most Solar went up nicely
I still own my AAPL MON and VISA which rose a lot today.
I am out of cash and fully invested,
Gas in DC is $3.69 a gallon.
Hi C,
Yes most stocks were UP nicely....
I am out for wednesday first to mosque then to visit friends...due to our Eid celeberations.
Saleem
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