Tuesday, September 2, 2008

Oil & Gold down...US$ & markets UP

Markets are celeberating oil,gold,commodities fall.....

Damage from Gustav is well below expectations.....

Solar stocks are being sold off in sympathy to oil falling to $108++ area..oil was as low as $105 area....

In my portfolio :

Sold AAPL @ break even.....

Sold RIMM for a loss of $4.50 per share....

Bought more CSIQ cost went up to $29.75

Portfolio is SOL & CSIQ......

SOL Down $1.20

CSIQ Down $1.83...CSIQ was mentioned positively today by Oppenheimer after speaking to CSIQ management which does not see any slowdown and saying estimates are low...implying that CSIQ will easily beat estimates.....

@11.45 AM the following are green :

GOOG ( new browser),AAPL,RIMM,V,C,TRN,ICE,IGT,
NDAQ,WYNN,BIDU,LVS,WYN,ISRG,XLF,GS,VAR(new high),
IBN,TOL,QLD,HOD.TO,DUG,AMZN.

BLOG does NOT give buy or sell.

Saleem

4 comments:

standardshigh said...

Hi Saleem,

Bought back SOL on pull back.

Cost $17.50

Have a great day.

Stocks100 said...

Hi Standards,

Great buy.....

SOL is very high beta.....

Will come back with Oil !!!!

Saleem

madmax said...

SOL
Is so hard to predict when we will get a break out.......
IMHO, it needs time to ripen and in this crappy market timing is everthing... Hold my Mutual funds are a way down...

My Visa is huring but the real drama is Monsanto--it dropped dramatically now bach up nicely--could have made some dough on that move

Saleem I am still holding AAPL ofr the huge earning move that I am expecting soon. The TA shows a cup and handle forming IBD says get some!! My take buy on dips and hold as iPhone rules and iMac is real strong sales

Cheers to all goo d luck
Madmax

Stocks100 said...

Hi Madmax,

Thanks for your take on SOL,MON & AAPL.....

I do not like today's tape @ all...that IS the reason I got out of AAPL & RIMM.....boy was I glad to sell near HIGH today.....they both have tanked...

We all have different style of investing/trading...I just get out when I do not like the TAPE on any stock.....

SOL ...I am holding because ..it has a chance of moving higher if market settles down.....

Good luck on your belief in AAPL & other stocks in your portfolio.

Salem