Wednesday, October 8, 2008

972.98 is the new low for S&P 500..another 2.33% slump...

Markets are trying to pick up the pieces from series of new daily lows .....

YES...It IS painful near/@ bottom ALWAYS.....

BUT...once we find "the-bottom"...it will be a QUICK melt UP......

I am much more comfortable with Fed & worldwide coordination......It WILL change the current psychology of fear & hopelessness.....very soon....

It is important to be COMFORTABLE with your holdings with your OWN fundamental analysis which MAY be changing rapidly....technicals do NOT matter near LOWS.....

In my portfolio :

PHM UP 21 cents

RIMM UP $2.50

SOL UP 14 cents

@ 11.55 AM the following are green in my watch list:

POT,AAPL,CMED,WFR,GG,SLV,NDAQ,WYNN,BIDU,
KGC,ABX,ISRG,HOD.TO,DUG,LDK,HPQ,SDS,DXD,MON.

BLOG does NOT give buy or sell.

Saleem

9 comments:

dslnbull said...

Hi salim.


I am out from markt for now. Sold aapl, sov,.If possible will you please list the compay with positive cash flow, I do like AAPL, RIMM but will waite few days more.thaxs

Stocks100 said...

Hi Ds,

Most techs are cash flow positive..biggest cash hordes are in AAPL,RIMM,GOOG,CSCO.....they have BILLIONS...

Always follow your own comfort level.

Saleem

standardshigh said...

Hi All,

Looks like this market is still looking for a firm footing. Everything is being thrown at it that worked wonders before. Stocks need to have a better risk reward ratio than other vehicles before cash will come back in. With the current rate cut things are looking better.

Have a great week.

Anonymous said...

Saleem,

What is your opinion on the news that LDK came out with this morning? They still seem to be blowing away their earnings numbers with unbelievable growth in this bad market. I have a feeling once the market gets back a little confidence we could see this stock explode based on fundamentals.

Stocks100 said...

Hi Haw,

LDK has been doing well & beating estimates for a while.

Once markets are green LDK & good solar stocks will move UP....

Good stocks include LDK,SOL who are in similar solar wafer business....LDK is the big daddy!!!

Saleem

madmax said...

SALEEM
the market is turning

Hurray
It is blasting RIMM is awesome are you mining green?? Go???

AAPL and MON are strong and PHM is up too!

GO baby?

M

Stocks100 said...

Hi Madmax,

I am glad that markets is ABLE to fight skeptics & negativity....

Rally always start when no one is ready !!!

Looks like todays low was the-bottom.....

As they say..you got to be in it to win it $$$$

Saleem

standardshigh said...

Hi All,

I see where GS downgraded Solar to sell yesterday. Only the two big players, but all took a hit.
I think GS should shut up in this bad market and quit driving it down further. Talk about wiping out any confidence!

standardshigh said...

Hi All,

Jim Cramer, the normally bullish host of CNBC's "Mad Money" program, caused a stir Monday when he warned investors to take whatever money they need for the next five years out of the market now. On Tuesday, he called it "the most horrible market that I've ever seen."