Friday, October 3, 2008

Markets are looking beyond vote & weak economy !!!

Markets as expected shrugged off bad news on job loss...as we are on the tail end of bad news in employment.....we probably have one more month of bad data...then improving scenario on a comparative basis.....

Markets always looks ahead...it MAY be looking @ improving picture in economy a year from now.....just the REVERSE of what it did last October......

Most stocks are UP in my portfolio except for VMW..which is slightly down......No change in my portfolio which remains BRCM,JNPR,NVDA,PHM,RIMM,SOL,TRLG & VMW...

Ag is coming back...

Oil & Nat gas are coming back...

Coal is strong.....

Gold is coming back.....

Big techs are strong...

Solar is strong......

Financial are strong except C

BLOG does NOT give buy or sell.

Saleem

4 comments:

c said...

SALEEM

What a crappy sell off
Go Figure
Sold AAPL for a gain
bought DSX pays 16% as a safe haven!
I guess I am no sage --it is down now and sinking..

I was looking at CMED but it could crash further!
SO is still green
My oils are not well HAL, ARD and PWE

Good luck to al and have a Fantastic weekend

Stocks100 said...

Hi C,

Markets are trying to stabilize @ these levels.

Pay attention to strong sectors as they will move fast.

Good luck with your portfolio.

Saleem

dslnbull said...

Hi salim all

sold GS and GE in premarket with little loss. Bought NCC, SOV, AIG made good money but bought BAC at 37.77 and stucked wth that.I will hold for few days as i am not, o n margin.Today game played by MMaker.Hope for rate cut by monday morning.
I believe financeial stock are good play.BAC, GS, USB, STI, RF, SOV, NCC......
thanxs

dslnbull said...

hi,
just bought aapl AT 97.57