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

7 comments:

dslnbull said...

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

Stocks100 said...

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

c said...

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

Stocks100 said...

Hi C,

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

Good luck with your AAPL...

Saleem

c said...

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

Stocks100 said...

Hi C,

Thanks for your note re RIMM....

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

Saleem

standardshigh said...

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.