Markets are TRYING to look beyond $700 billion package......
BUT......
Politicians are still as unpredictable......
Words & deed ..do NOT match.....
Another NIGHT of POSTURING......
RIMM Q2 ER was a major negative.....missed by 1 cent...guiding lower by 4 cents.....plus margins will be LOWER by almost 4%...... Down $19 AH......on 14 million shares AH....Jimmy the Cramer saying DONT sell & hold RIMM to a caller today in mad money....
RIMM trading BELOW 52 week low of $80.20..last trade $78.55 @ 7.36PM...
If there is NO deal between politicians tonight....then markets MAY be under pressure for Friday......
Ben Bernanke Hank Paulson meeting legislators @ 8PM tonight to save the bacon...
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi salim all
It will be dark friday today. Republican will loose election.What is good buy if republican loose ???Just sold out GS with 80 cent loss.Do not want to take big hit. What is good buy ????JPM, BAC , GS, AAPL, USB, ???I do not knowthanxs..solor ???
Thoughts to all
I lost big on RIMM--sold it out dispute JCramer saying don't sell
I am looking at AAPLE today if it goes any lower it is a bargin now and if lower in price back up the truck.
Every time it get ti this dollar range it pops back up nicely
Will it do it again--I am betting on it --just do not know at what price I will buy it at..
I was thinking that QLD was a good counter play to the RIMM and APPLE sell off less risk and lots of upward momo.
Thoughts any one
Cheers to all good luck--IBD says the bottom is in-Hmmmm
H Ds,
Markets have found support and will move UP from here.
You have to decide which strategy you want to implement.
Daytrade,swing trade or long term all will be good if done in diversified manner.
Saleem
Hi C,
I only highlighted Jimmy the Cramer remark...that he leads people in the wrong path...even when he has been wrong for 60 points on RIMM.....
Diversified mode is the best mode in sectors which have been beaten down....BUT growth is there.
Saleem
SALEEM
I was not angry about RIMM and J the Carmer saying do not sell
APPLE is very diversified company that has been beaten to a pulp
I am glad to see that you are still in the market and trying to make some dough
This is NOT a day trade market, IMHO
ST yes LT yes
I like it that you are in to Tech stocks
and you have picked some good ones!!!!!
I appreciate your positive comments and friendship
Cheers
Hi salim , c,
This is day trader market .Sold GS with loss but bought JPM and covered loss. JPM, BAC, MS, GS looking good. I bought wm yesterday and sold in a five miutes with 20 cent loss otherwise would have loose lot. Still o confidence ,
thaxs
Hi All,
Could be a good day to pickup some bargains on Friday. A deal will come thru but maybe not until Monday. If democrats win election expect a higher capital gains tax and windfall taxes on retirement accounts. Does not bode well for stocks in general.
Bad gas situation around ATL. Very few stations have any gas. Long lines at the ones that do have gas. 7-10 days before recovery. National stay at home week down here. Never heard of it before, but that's what 's on the news.
Standards
What gives with Atlanta gas, Please provide some details -- I am sorry to here about the stay at home brigades Smile :)
As for market their are some sweet deals to pick up Visa is so cheep and AAPL too.
Look a the dry shipper and FRO they are bargains here. I like my oil plays--PWE, DVN and ARD.
Good luck to all in one tough market
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