Friday, September 26, 2008

S&P 500 low today was above 54.04 points 52 wk Low!!!

Markets are looking beyond the deal...as it did NOT challenge 52 week low on any indices....

Markets wants to move forward....trust me...there IS life beyond $700 billion package on wall street.....that includes moving from bear to BULL mode.....

In my portfolio :

BRCM Dow 64 cents

JNPR Down 55 cents

NVDA UP 7 cents

PMCS Down 13 cents

SOL Down 89 cents

VMW Down $2.45 cents

@ 11.53 AM following are green in my watch list :

LULU,SLV,CTRN,IGT,WYN,LVS,HOD.TO,DUG.

RIMM was downgraded by many analyst RBC Mike Abramsky cut target to $72.....lowest on the street now....he used to be highest on the street @ $178 area......Highest target is still $140 by TD reduced from $170....

BLOG does NOT give buy or sell.

Saleem

5 comments:

Anonymous said...

hi saleem
i bought rimm for 70.10. do i need to hold for monday or get out today. i would appreciate your input. if you could tell me the support and resistance... thanks.

steve

Stocks100 said...

Hi Steve,

I say ..Hold for monday.....there will be a big rally in market for monday...my GUESS $$$$

Saleem

Anonymous said...

thanks saleem

dslnbull said...

Hi salim , all

what a day today.I was thinkig market will have black day but surprising it is up. Sold GS at 129.17 and took loss.but luckily switch to JPM and covered loss.Sold out end of the day, no position.
JPM, BAC, WFC, USB C. GS, MS SEEMS GOOD PLAY. What do you think ??thanxs,

Stocks100 said...

Hi Ds,

Markets will be UP strongly on Monday...once the deal IS announced by sunday....

Financials will be the biggest beneficiary....C talking to WB..is interesting.....

JPM look the-strongest.....

Techs will be strong on deal !!!

Saleem