Thursday, September 4, 2008

Oil,Gold down...Markets sharply lower ....

S&P 500 low so far is 1248.46.......

Oil is down....

Gold is down....

Markets are trying to RETEST support on S&P 500....

Most sectors are down......

Ag is hitting new trading lows.....

Solar stocks are weak except LDK & SPWR...who are sporting a green so far....

In my portfolio :

SOL Down 69 cents

CSIQ Down $1.19

@ 11.33 AM the following are green :

LDK,SPWR,TOL,DUG,HOD.TO,QID,SDS,DXD.

BLOG does NOT give buy or sell.

Saleem

2 comments:

Unknown said...

hi saleem
i have wfr and sgr. i thought i would get some money as i dont hold stocks for long it is a traders market. no doubt. any way i have to hold them for some time. what is your view on sgr? i bought 200 shares at 41.60. wfr 200 shares at 40.80. i am losign money. i hope i can get my money back.

steve

Stocks100 said...

Hi Steve,

Nice to see your note.....

Give my love to your crown prince.

Most stocks are oversold ...so expect a bounce....but get out quickly even @ breakeven.....

Infrastructure IS a WEAK area...so will stay out.....

WFR is NOT a pure play on solar...LDK & SOL are....

Semiconductors are very weak until Q4.....WFR IS impacted by Semi.

Hope it helps !!!

Saleem