Thursday, October 2, 2008

S&P 500 testing support near LOW???

S&P 500 came very close to 52 week low but managed to close @ 1114.28...about 8 points above LOW......

Not a good day for all commodities...down sharply .......

Friday's Jobs report is expected to be BAD.....but the question IS...is it reflected in the indices...my answer is probably....

House is expected to pass the economic plan.....

With the passage...market MAY find its footing going forward.

In my portfolio :

Sold PMCS and booked a loss of $1.50 per share......

Bought RIMM..my cost $62.55

Porfolio is BRCM,JNPR,NVDA,PHM,RIMM,SOL,TRLG,VMW.......

BLOG does NOT give buy or sell.

Saleem
at

7 comments:

  1. dslnbullOctober 2, 2008 at 7:48 PM

    Hi all

    VERY BAD. Be careful. Bought GS 130 And GE at 22.77. However i might have to take losss tomorrow.If bill pass i like FWLT, FRO,NAT, UPL, AAPL, BP .what do you think salim ???? NCC could be huge winner. thanxs

    ReplyDelete
  2. Stocks100October 2, 2008 at 8:13 PM

    Hi Ds,

    SOV looks better than NCC..could be bought in pair.

    I do not follow stocks in your list except AAPL...which IS looking good.

    Saleem

    ReplyDelete
  3. cOctober 3, 2008 at 7:16 AM

    WOW did you all see AAPLE drop today????

    Rumor that Steve Jobs was hospitalized
    Gosh they try everything to short the stock---I got some at $103

    let see if I am burned

    Go AAPL

    As for GE that is a ballsy move GS is a sure winner

    Good luck to all

    Cheers

    ReplyDelete
  4. Stocks100October 3, 2008 at 7:45 AM

    Hi C,

    Yes i saw that tick by tick..from $6+ to $4-....in minutes....

    Good luck with your AAPL...

    Saleem

    ReplyDelete
  5. cOctober 3, 2008 at 8:03 AM

    SALEEM

    RIMM is up handsomely

    Congratulations on a wonderful pick Go RIMM
    Where it stops no body knows.....

    QLD is up nicely as is GS and MON

    ReplyDelete
  6. Stocks100October 3, 2008 at 8:09 AM

    Hi C,

    Thanks for your note re RIMM....

    Market IS looking good for everyone...am I glad for that !!!!

    Saleem

    ReplyDelete
  7. standardshighOctober 3, 2008 at 8:57 AM

    Hi All,

    7 of 17 gas stations open in Atlanta, That's an improvement from 3 in 17.
    Stations have regular, not much mid or premium. Long lines have abated. Price $4+ gallon.

    ReplyDelete