Friday, October 10, 2008

S&P 500 Low today 839.80..Down 69.39 from Thursday low....

Markets swoon continues today......

VIX currently @ 72.41.....new highs hitting today also.....

Fear is NOT subsiding.......

Market NEEDS to close @ healthier level to bolster confidence....

This is a tough environment in markets.....which needs some catalyst to change the psychology...

Financials tried to give boost to the markets..& MAY give some hope by close......

In my portfolio :

PHM Down 4 cents

RIMM Down $5.01

SOL Down 28 cents

@ 12.15 the following are green in my watch list :

AAPL,ULTA,C,ICE,JRCC,IGT,BIDU,LVS,SOHU,
NYX,VLO,HOD.TO,DUG,QID,SDS,DXD.

BLOG does NOT give buy or sell.

Saleem
at

10 comments:

  1. AnonymousOctober 10, 2008 at 10:45 AM

    hi saleem
    we both own rimm. i have 100shares . is it time to buy more of rimm? or just stay with the same position. i have cash. your input will be appreciated...

    it is so difficult to get out of the market too..


    good luck

    steve

    ReplyDelete
  2. Stocks100October 10, 2008 at 10:57 AM

    Hi Steve,

    RIMM should be added now.....

    Good luck !!!

    Saleem

    ReplyDelete
  3. AnonymousOctober 10, 2008 at 11:11 AM

    hi saleem
    i entered a price to buy more rimm at 50.04. but i didnt get it. i will wait to see how the market moves.

    thanks for your advice.

    good luck

    steve

    ReplyDelete
  4. AnonymousOctober 10, 2008 at 11:14 AM

    wow i missed it. it was an opportunity to buy..
    we hope it starts going higher and higher.

    steve

    ReplyDelete
  5. standardshighOctober 10, 2008 at 11:40 AM

    Hi All,

    Hope you're all having a great day picking up bargains!

    Best Regards

    ReplyDelete
  6. madmaxOctober 10, 2008 at 12:24 PM

    market is going green


    Hurray

    ReplyDelete
  7. standardshighOctober 10, 2008 at 12:25 PM

    Hi All,

    Market looks like it's going green!!

    Strong hands buying from weak hands.

    Good luck!

    ReplyDelete
  8. madmaxOctober 10, 2008 at 12:34 PM

    news:The VIX is currently at 76! This morning, 70 was the all-time high. Over 30 is considered a bullish contrarian indicator. They were saying yesterday that 60 was "off the charts" as an indicator of fear. Go with what you know.

    ReplyDelete
  9. dslnbullOctober 10, 2008 at 1:22 PM

    Hi salim all

    Took off , from work to monitor the market.I am strongly believe it is bottomed out.But need to be in the right sector. Sold MSFT pre market and took loss but switched to GE and cover loss. Still holdig LDK , bought more at 17.80 ad sold it 19.87 and bring down average to 19.17 approx. My position is NRF, BAC, LDK. No margin.
    LDK is good buy but have to keep one month and it may go down to 15.nrf is looking good with 39 cent dividend.

    ReplyDelete
  10. Stocks100October 10, 2008 at 1:59 PM

    Hi Ds,

    Great quick moves with your position.....

    Monday close will confirm bottom in markets....

    Saleem

    ReplyDelete