Markets are building base around 10,000......
This will get all naysayers out..to absorb last sellers.....
Markets will get buyers gradually...once it gives the feel of being STABLE......
Close today CAN be meaningful if we get major BUYING.......
Fed has been doing everything to support this fragile economy & in the end they WILL succeed...
In my portfolio :
PHM Down 51 cents
RIMM UP 21 cents
SOL Down 21 cents
@ 11.45 AM the following are green in my watch list :
TRLG,VMW,CMED(new acquisition),GG,SLV,POT,
ICE,JRCC,SOHU,AUY,ABX,VAR,IPI,AGU,AMD.
GS decided to downgrade FSLR with a conviction Sell,SPWRA got a Sell also....based on future reduction of subsidies in Germany & Spain.....US solar tax credit was NOT mentioned as a huge positive?
BLOG does NOT give buy or sell.
Saleem
4 comments:
WOW
What a lousy close
ANy comments any one?? This sell off is awful
Peace
M
Hi Max,
No panic selling yet, but 5 straight days down will get some type of relief rally soon. Otherwise we might see some serious panic selling soon. S&P and Nasdaq really hitting the floor. This is not normal October correction. No good news anywhere. I'm going to average down, but not yet.
Standards
Hi Madmax,
Markets have gone totally out of control.....
New lows today again......
No idea ..what is going on.....
Saleem
are you guys buying any solar stocks, average down or they will fall more?
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