Monday, October 6, 2008

Was 1027.18 on S&P 500 low of bear market????

S&P 500 low was 1027.18 today.......

Everyone wants to know if this IS the-LOW of bear market......???

VIX shot UP to 56.29....a nine year HIGH???

FEAR is @ extreme........

Bargains are @ extreme also......

Risk/reward ratio is very good......

In my portfolio :

Sold BRCM & JNPR.......

Bought more RIMM ....cost went down to $59.90

Bought more SOL.... cost went down to $13.19

Portfolio is PHM,RIMM & SOL......

BLOG does NOT give buy or sell.

Saleem
at

9 comments:

  1. madmaxOctober 6, 2008 at 9:31 AM

    You bought more RIMM wow you are aggressive
    Good for you!
    I think AG is good here as is AAPL and GS is way over sold.

    My DSX is even lower in price and pays a wooping 17% go DSX
    It may be an excellent opportuniy to own PHM--or way to early!

    I do not think any thing works in this market

    Good Luck
    M

    ReplyDelete
  2. Stocks100October 6, 2008 at 9:37 AM

    Hi Madmax,

    NEAR bottom of the market...one needs to be in BEST ideas for making money......

    I have narrowed it down to THREE stocks only.......

    Hopefully it will work...

    Saleem

    ReplyDelete
  3. standardshighOctober 6, 2008 at 9:54 AM

    Hi All,

    Sorry guys, this is bad.

    Caution is the word here.

    I've been buying on the way down.

    Every thing is deep red.

    Holding cash for emergencies.

    Bottom here may not be sustainable.

    Best Regards

    ReplyDelete
  4. Stocks100October 6, 2008 at 10:15 AM

    Hi Standards,

    When the bottom is in-place...it will sustain.....

    The question is not of IF..but of when & @ what level......

    Bottom is only known once market moves UP......

    I like to believe that bottom MAY be @ hand SHORTLY !!!!

    Saleem

    ReplyDelete
  5. madmaxOctober 6, 2008 at 10:40 AM

    Market still tanking now at 550 at 1:30 p.m.

    This is pain OUCH

    ReplyDelete
  6. A DOctober 6, 2008 at 11:31 AM

    Hi Saleem,

    Does this look like capitulation to you?

    Good luck!
    Amol

    ReplyDelete
  7. madmaxOctober 6, 2008 at 11:41 AM

    if this is NOT capitulation then I will head for the hills
    this is one awful sell off

    Good Luck to all
    RIMM is of $6 smacker and my AAPL is off $8
    Yuk

    ReplyDelete
  8. Stocks100October 6, 2008 at 11:52 AM

    Hi Amol,

    Selling is getting relentless...It IS theprice level of stocks which matters now....

    NOT eery stocks IS hitting LOW with the market???

    Some stocks are being bought @ these levels.

    Markets will find its footing any day NOW !!!!

    Saleem

    ReplyDelete
  9. madmaxOctober 6, 2008 at 12:50 PM

    WAIT

    I see GREEN for AAPL

    Hello I smell relief

    No ma-lox for me

    Smile

    ReplyDelete