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
9 comments:
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
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
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
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
Market still tanking now at 550 at 1:30 p.m.
This is pain OUCH
Hi Saleem,
Does this look like capitulation to you?
Good luck!
Amol
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
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
WAIT
I see GREEN for AAPL
Hello I smell relief
No ma-lox for me
Smile
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