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
13 comments:
hi saleem
it takes courage to buy stocks,when the market is so falling. you have bought a number of stocks. i feel that we should be little cautious. sometimes it is good to have cash rather than hloding because we never know what direction the market moves. the truth is that us economy is in trouble especially the financial sector. besides the europe and the rest of the wolrd is slowing down. i have only one position. csiq. i am losing not much. i can afford to lose some as i own only 100 shares.
i used to short market and lost money. i dont know why i dont do it these days. last week i made some money shorting some stocks. but i thought the market would bounce back this week.
we cant win all.
good luck to you saleem and thanks for sharing your views.
steve
Hi Steve,
Thanks for your word of wisdom.
Most of my diversified position is for quick trade.
I feel that market IS due for a serious bounce....
I am buying mostly beaten down good stock which IS trading @ or near 52 week low....so risk to the downside is not that great.
Shorting is not easy.....picture shorts on SNDK.....
CSIQ will make you money...just be patient.....and trade out for profit......
Saleem
hi saleem,
thanks for your words of encouragement. i was thinking of buying gs and rimm. at the end i gave up. i know it is worth trying. what do you think of gs and rimm.
thanks
steve
Hi Saleem,
Oh! What a day! Nice here in ATL, not to hot, not to cool, a little sun. High gas prices not stopping this crowd. Traffic gets worse by the day. Everyone seems to be feeling the pinch at the pumps though. Talk of the town is Wall Street blues. I expect the market to do better on the upside from here, now that the NS is put in check. Better days ahead.
Hi All,
Check out TSM, barely budged in this down market. HIMX is an interesting play on the HD tv's as next year is the change over to all digital in the USA. HIMX is hitting new lows.
Best Regards
Hi Steve,
I alway's buy stocks where I have done extensive Fundamental anaysis & tape analysis.....
GS...I have no clue where it is going....
RIMM has some kind of support in $92 area and their ER is on 25th sep.....
These days...any stock CAN take their support easily...so be prepared for a drop towards 52 wk low.....
How do I prepare for such scenario...I am willing to average down ..If I believe in FA....
Saleem
Hi Standards,
Thanks for your take on the market and NS.....
Thanks for reminding me about TSM...I will do my dd after a long long time.
Gas is coming down in a hurry in Toronto area.....we are getting full 60 cents per gallon back as of tonight..still regular is $4.57 per US gallon.
Saleem
Hi salim , all
I was thinking market will jump up,but down 450 . strange?????Bought CSIQ, AAPL SHORT GG, MLHR
but cover short with 50 cent profit. Loose twice on AAPL,finally gave up and sold at 135. AAPL,FWLT CSIQ FRO,DSX, BAC, RF , will be my play for tomorrow
thanxs.
HEY DIS
Buy Some Monsanto and FRO is bouncing 2-3 bucks a day
If you got steel balls try some GS at the open It is way over sold here
I got in at $101, RIMM will do at least a $5 buck run today, I like RIMM and GS here. Be carfull it is tough out their
I feel the pain of Wall Street in my portfolio
I am expecting a come back today in oils too!
Cheers
Hi salim ,all
Let us kow whatyou guys buying today.I am 100 % in cash.Is AIG ,WM is good buy ???? thanxs
Hi Ds,
AIG & WM are to be avoided unless you like playing $2 stocks....
Market IS littered with great buys...good stocks which has been trashed to /near 52 week low...
Good luck with your list.....I may sit back and enjoy the markets UP mode today.
Saleem
Hi C,
I have no idea about GS......
But RIMM,AAPL & AG are ready to move substantially UP....
Saleem
Hi salim
got in AAPL at 129.
thaxs
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