Markets are trying very hard to put in a solid bottom......
AIG seems to be the last hurdle......
There is a good chance that we move towards resolution of AIG......
CNBC is reporting a resolution of AIG with a bridge loan of $85 to $90 billion by treasury against issuance of warrants to cover the loan value.....this should propel the market UP in a big way......
Severe dilution of AIG common is expected...
Most sectors closed strong.....
I bought VMW.....a virtualization software tech company....Cost $31.70...
Portfolio is SOL,CSIQ,RIMM,PMCS,JNPR,VMW,GG & OIL.TO......I am making my portfolio very broad based as many stocks have tested their support.....I will continue to do this approach...as I feel that we are coming out of bear market......
I am expecting a major rally in Gold & Oil...which will move all commodities UP !!!!!
BLOG does NOT give buy or sell.
Saleem
4 comments:
SALEEM
Look like the democrats are running scared!
As for many stocks I got em all. THey are all red but heres to better days.... DSX FRO and Monsanto are strong. I think AG and oil are coming back and the home builders have a bottom in they were green yesterday.
I al,os think that HAL is way over sold
Have a great day
I am stepping out, morning appointment for Doctor
Have a good one
Hi C,
I do believe that you have a very good portfolio.....now that the bear is coming to an end.
Good luck with your checkup.
Saleem
Hi Saleem,
As usual, thanks for your commentary. Do you think that the new SEC rules regarding short-selling may give a little bump to the market starting tomorrow as current "naked-shorts" need to be covered?
Thanks,
AD
Hi Ad,
Yes there will be a positive slant to most shorted stock.
Most likely market will be stable from thursday due to non-existent naked short rule.
Saleem
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