My guess if we all sell now we preserve what cash we got.
I will start selling my positions on monday as the bleeding has not stopped, Greenspan says he has no idea how we got into this mess.. Who can we trust? Does he not know any thing! Crap Good Luck all
If we fall to a new low, this will be the head of a reverse head and shoulders low. If you have any cash left, maybe consider buying on the extreme bottom. Buy best of breed at dirt cheap prices. Think spring of 09.
I am sticking with Saleem on this one. Selling now makes no sense to me.
I still have faith in Buffett's view. I am still in the buying mode. The thing now is to spot those gems that will emerge from that mess. Very difficult not to dump everything!
Some stocks have A PE of .83, that makes no sense. In a year from now, I am sure we will be kicking ourselves for not buying more of these bargains. The problem now is that it is very difficult to look at some stocks with clear rationality. Just on the top of my head, it would make sense to commit money for a while in companies such as: CSCO, RIMM, MRK, DRYS, BMY, CNQ, PEP… and so many more
Naturally, I am no expert… Just using some common sense.
THIS is not a time to sell.It is time to buy and sell or sell and buy the stock you love. Do not hold for long.Any thing can happen. FRO, NAT FWLT IBN UPL V ,IBM, GE, GS, all were looking good but still going down everyday. I am buying and selling evryday.Take loss or proffit ,dont hold.ORCL, CSCO, GE ,I will try EMC, LDK, ENER, BAC, monday.I like to play only one or two stock so as you can keep eye on T & S.IF OBAMA win LDK, ENER will .....double.At this point ENER can touch 20?????
This is time to be more careful.Buy a stock which want kill you in a blink of a eye.TA, MA, nothing is working.RIMM looking good but AAPL is not safe. It is good buy at or below 80 or above 107.
I have to agree with you. It is so difficult to make a move when the market is being trashed. Right after you buy, your stock hits a new low. There is so much blood in the street it is hard to pick. So many amazing bargains. All this will pass with time.
13 comments:
EW followers are saying that S&P will fall another 20-25% next week... be prepared...!!
Hi Troy,
EW guru Robert Prechter was right only ONCE..in 1987....
For 21 years they have been WRONG...
EW are late to the BEAR party ..it ended on Oct 10..
Rest of the tape has been RETEST which was done successfully 3 times ..imho
Saleem
HELLO all
My guess if we all sell now we preserve what cash we got.
I will start selling my positions on monday as the bleeding has not stopped,
Greenspan says he has no idea how we got into this mess.. Who can we trust? Does he not know any thing!
Crap
Good Luck all
Hi Madmax,
You should do what makes you comfortable with this market.
Nobody can predict what markets can do EVER....
I am sticking by my two stocks as I stated before.....
Good luck on your execution.
Saleem
Hi All,
If we fall to a new low, this will be the head of a reverse head and shoulders low. If you have any cash left, maybe consider buying on the extreme bottom. Buy best of breed at dirt cheap prices. Think spring of 09.
Best Regards
Hi Standards,
Thanks for your chart read on S&P & Dow......
It is important to be comfortable in pursuing any strategy....
This is a long bear market which will trade in a narrow range until April 09.....
Saleem
Hummm,
I am sticking with Saleem on this one. Selling now makes no sense to me.
I still have faith in Buffett's view. I am still in the buying mode. The thing now is to spot those gems that will emerge from that mess. Very difficult not to dump everything!
Some stocks have A PE of .83, that makes no sense. In a year from now, I am sure we will be kicking ourselves for not buying more of these bargains. The problem now is that it is very difficult to look at some stocks with clear rationality. Just on the top of my head, it would make sense to commit money for a while in companies such as: CSCO, RIMM, MRK, DRYS, BMY, CNQ, PEP… and so many more
Naturally, I am no expert… Just using some common sense.
Hi Frogvest,
Some exposure to this tape is prudent.
Having few stock with IMPROVING fundamental is a good idea....
Friday was a major letdown for many brave soul & most bailed AGAIN.....
This IS a drip drip capitulation tape.....
If one can survive this.....then equity will build quickly...imho
Good luck with your homework !!!
Saleem
hi salim, all
THIS is not a time to sell.It is time to buy and sell or sell and buy the stock you love. Do not hold for long.Any thing can happen. FRO, NAT FWLT IBN UPL V ,IBM, GE, GS, all were looking good but still going down everyday.
I am buying and selling evryday.Take loss or proffit ,dont hold.ORCL, CSCO, GE ,I will try EMC, LDK, ENER, BAC, monday.I like to play only one or two stock so as you can keep eye on T & S.IF OBAMA win LDK, ENER will .....double.At this point ENER can touch 20?????
This is time to be more careful.Buy a stock which want kill you in a blink of a eye.TA, MA, nothing is working.RIMM looking good but AAPL is not safe. It is good buy at or below 80 or above 107.
what you guys thinking?Thanxs.
Hi Ds,
Your strategy is very prudent given the environment.
Nobody knows what is going on...so pursue what works for you.
Every stock has been trashed...buy/trade what you know.
Good luck with your list.
Saleem
Hi Frogvest,
I have to agree with you. It is so difficult to make a move when the market is being trashed. Right after you buy, your stock hits a new low. There is so much blood in the street it is hard to pick. So many amazing bargains. All this will pass with time.
Best Regards
HERE are some investment ideas form IBD:
% Off
Rank Company Symbol Price High
---- ---- ---- ---- ----
1 EMERGENT BIOSOLUTIONS EBS 15.65 -18.5
2 ALMOST FAMILY INC AFAM 37.33 -19.6
3 INTEGRAL SYSTEMS INC ISYS 20.81 -22.9
4 LIFE PARTNERS HOLDINGS LPHI 37.67 -8.6
5 PETMED EXPRESS INC PETS 16.37 -6.2
6 SYNIVERSE HOLDINGS INC SVR 15.18 -33.8
7 AMEDISYS INC AMED 47.38 -30.3
8 SYNAPTICS INC SYNA 28.33 -31.2
9 AXSYS TECHNOLOGIES INC AXYS 54.82 -31.2
10 CELGENE CORP CELG 57.47 -25.7
11 CLEAN HARBORS INC CLHB 60.24 -27.4
12 ENSIGN GROUP INC ENSG 15.65 -14.9
13 UNITED THERAPEUTICS CORP UTHR 88.88 -24.6
14 CHATTEM INC CHTT 67.73 -17.6
15 AEROVIRONMENT INC AVAV 27.98 -21.5
16 HOME BANCSHARES INC HOMB 24.89 -28.9
17 LACLEDE GROUP INC LG 47.71 -8.5
18 STRAYER EDUCATION INC STRA 176.25 -23.2
19 TECHNE CORP TECH 64.6 -22.1
20 BALCHEM CORP BCPC 23.36 -22.9
21 NEOGEN CORP NEOG 26.67 -16.5
22 SOUTHSIDE BANCSHARES INC SBSI 21.04 -22.1
23 SPARTAN STORES INC SPTN 23.14 -16.6
24 GILEAD SCIENCES INC GILD 43.32 -24.8
25 CELLCOM ISRAEL LTD CEL 28.19 -23.9
26 FLOWERS FOODS INC FLO 25.68 -21.4
27 GENOPTIX INC GXDX 31.87 -19.9
28 EL PASO ELECTRIC CO EE 17.72 -33.9
29 MCDONALDS CORP MCD 53.06 -20.8
30 PROASSURANCE CORP PRA 48.76 -31.5
31 CHURCH & DWIGHT INC CHD 55.35 -15.6
32 DOLLAR TREE INC DLTR 34.7 -17.8
33 STERIS CORP STE 30.99 -20.4
34 HAWAIIAN ELECTRIC INDS HE 25.13 -15.5
35 ONEOK PARTNERS LP OKS 49.71 -24.6
36 STERICYCLE INC SRCL 50.4 -23.8
37 GENZYME CORP GENZ 67.45 -19.7
38 PINNACLE FINANCIAL PRTNR PNFP 24.52 -33
39 BAXTER INTERNATIONAL INC BAX 58.2 -18.6
40 TRACTOR SUPPLY CO TSCO 36.17 -23.9
41 ABBOTT LABORATORIES ABT 54.3 -11.1
42 AMGEN INC AMGN 57.17 -14
43 THORATEC CORP THOR 25.04 -15.8
44 ENTERPRISE PRODUCTS PTNR EPD 23.9 -26.8
45 COVANTA HOLDING CORP CVA 21.68 -28.6
46 BURLINGTON NTH SANTA FE BNI 80 -30.2
47 C H ROBINSON WORLDWIDE CHRW 44.16 -34.4
48 BARD C R INC BCR 81.18 -20.1
49 WAL-MART STORES WMT 51.4 -19.5
50 EDWARDS LIFESCIENCES CP EW 50.94 -24
51 STANDEX INTL CORP SXI 21.56 -28.1
52 N T T DOCOMO INC ADR DCM 15.8 -9
53 SHENANDOAH TELECOMMCTNS SHEN 20.68 -19.8
54 ARROW FINANCIAL CORP AROW 23.78 -27.3
55 MARVEL ENTERTAINMENT INC MVL 29.07 -24.5
56 CAMPBELL SOUP CO CPB 35.87 -12.2
57 GENERAL MILLS INC GIS 64.24 -10.8
58 DIAMOND FOODS INC DMND 27.02 -15.9
59 EXXON MOBIL CORP XOM 69.04 -28.2
60 DEVRY INC DV 46.75 -24.1
61 PARTNER COMMUNICATNS ADS PTNR 18.8 -23.9
62 P S S WORLD MEDICAL INC PSSI 17.29 -20.4
63 MONRO MUFFLER BRAKE MNRO 19.72 -24.7
64 MERIT MEDICAL SYSTEMS MMSI 16.14 -24.4
65 FAMILY DOLLAR STORES FDO 25.05 -22.9
66 CAPITOL FEDERATED FINL CFFN 41.39 -19.7
67 ALEXION PHARMACEUTICALS ALXN 37.33 -22.2
68 COMPUTER PROGRAMS & SYS CPSI 25.13 -16.2
69 NICOR INC GAS 43.76 -15.8
70 AVISTA CORP AVA 18.77 -20.4
71 FIRST SOURCE CORP SRCE 19.93 -33.6
72 CEPHALON INC CEPH 66.29 -17.5
73 CHESAPEAKE UTILITIES CPK 29.53 -18.8
74 U S A TRUCK INC USAK 15.93 -18.4
75 APPLIED SIGNAL TECH APSG 16.91 -10.3
76 TOWNEBANK TOWN 21.3 -23.7
77 PROCTER & GAMBLE PG 58.87 -21.7
78 NOVARTIS AG ADR NVS 47.23 -23
79 NORTHWEST BANCORP INC NWSB 24.5 -28.7
80 A C E LIMITED ACE 48.51 -28.7
81 NUVASIVE INC NUVA 41.75 -29.1
82 N B T BANCORP NBTB 24.25 -33.5
83 RALCORP HOLDINGS INC RAH 65.85 -11.1
84 SILGAN HOLDINGS INC SLGN 43.09 -26.1
85 D P L INC DPL 22.11 -28.7
86 U I L HOLDING CO UIL 29.08 -23.1
87 NIPPON TEL & TEL ADR NTT 20.82 -21.6
88 COMTECH TELECOMM CORP CMTL 42.45 -24.3
89 DAVITA INC DVA 48.77 -26.7
90 DUFF & PHELPS CORP CL A DUF 16.74 -26.5
91 JOHNSON & JOHNSON JNJ 60.79 -16.5
92 KINDER MORGAN ENERGY LP KMP 52.2 -14.3
93 BANK OF THE OZARKS INC OZRK 28.26 -23.2
94 LABORATORY CORP OF AMER LH 60.15 -25.5
95 FLUSHING FINANCIAL CORP FFIC 15.1 -29.8
96 CONNECTICUT WATER SVC CTWS 23.27 -19.6
97 WASTE CONNECTIONS INC WCN 31.39 -23
98 FIRST FINL BANKSHARES FFIN 45.87 -31.5
99 KROGER CO KR 26.39 -14.8
100 I C U MEDICAL INC ICUI 30.97 -23.3
Hi Madmax,
Thanks for posting IBD 100.
Sure gives new ideas to many.
Saleem
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