Monday, October 20, 2008

Dow & S&P 500 stronger..Nasdaq lagging.....

Markets are on stable footing as LIBOR & treasury interest rates are reacting to all the liquidity.

Over the weekend many technical outfits are predicting a rally of 25% area......

Oversold conditions have been extreme during this meltdown.......

Strategy which will work..is to do lot of homework & stay the course......

Analyst are extremely NEGATIVE near LOWS and EUPHORIC near HIGHS.....so their opinion do NOT matter NOW......remember we are NOW in DEEP liquidity issue..which will CHANGE !!!

NASDAQ is lagging because AAPL,RIMM & GOOG are Down....

In my portfolio :

PHM UP 14 cents

NDN Down 6 cents

SOL UP 30 cents

RIMM Down $5.25...concern expressed by Pacific Crest for Q3 which ends in Nov....although he kept his estimate @ 96 cents HIGHER than consensus of 93 cents..kept his rating the same..I guess he wanted to encourage short position with some WORDS......I personally believe that NOV will be a very strong month for RIMM...when BOLD,FLIP & STORM will be in high gear...what a BUYING opportunity on this "concern note"

UYG Down 17 cents....

@ 12.16 following are green in my watch list:

UYM,WFR,GG,POT,TKC,CTRN,CCJ,JRCC,NDAQ,
BIDU,SOHU,NYX,SAY,VLO,ABX,SPWRA,FSLR,
ISRG,XLF,SNE,GS,VAR,IBN,FWLT,AGU,DIG,
SNY,FXI,LRCX,AMZN,X.

BLOG does NOT give buy or sell.

Saleem

10 comments:

madmax said...

SALEEM

Is this a safe entry point for RIMM??
It could be the buying opportunity of a life time!

What say you?
Thanks

Stocks100 said...

Hi Madmax,

I wish I could ADD RIMM....but would like to keep my diversified portfolio the way it is.

RIMM growth rate for FY10 is projected north of 56% by Morgan Keegan analyst who downgraded RIMM sales today.....

Yes...RIMM is aDEAL !!!

Saleem

madmax said...

SALEEM

I know your diversified I just want to DT some stocks and perhaps an opportunity trade

I am so tired on stock going down that it is hard not see RIMM as another beaten down stock

Smile and thanks for your recommendations and thoughts. I got me some RIMM

Stocks100 said...

Hi Madmax,

Great move in RIMM....swingtrade this one....

Saleem

madmax said...

Saleem


Hello my friend

What is the name of the service that provides us the target stock price?? I can not remember where we got that stuff from

thanks

Stocks100 said...

Hi Madmax,

www.stockcharts.com.....

Go to gallery then put ticker.

Saleem

Stocks100 said...

Hi Madmax,

Another one is www.stockconsultant.com

Which gives target 1 & 2

Saleem

standardshigh said...

Hi All,

Wow look at that afternoon chart from 11am. Stepping right on up. $$$$$
Bought GNK on valuation.

Have a great week.

Standards

A D said...

hi...does anyone here watch options and have any idea why it seemed that options on both sides of the trade seemed to lose value today?

Thx...

Stocks100 said...

Hi Ad,

Options are time driven..today was start of new month of Nov...plus when stocks move UP they REDUCE time premium.....

Saleem