Citi rescue was a confidence builder where existing shareholders were NOT wiped out...unlike FRE,FNM.......
Markets are celebrating this confidence building effort....by bidding all important FINANCIALS UP in a huge move......
As we all KNOW that NO rally can take HOLD unless financials participate......
IS today the FINAL straw which will break the DOOM & GLOOM on wall street.....I like to think SO......
Bear game is OVER as a TREND......
Watch for HUGE short covering going forward.....
In my portfolio:
Added another ETF @ open HQU.TO a double NASDAQ 100 bull in Toronto my cost $5.15 ..it is DOWN 74.5% @ my purchase price....
Portfolio is HOU.TO,HXU.TO & HQU.TO all double bull ETF.....
Canadian $ is UP 3 cents against US$...a huge move which helps my short US$.....
HOU.TO UP 50 cents
HXU.TO UP 67 cents
HQU.TO UP 33 cents...I am UP 22 cents per share
@ 12.37 PM following are UP in my watch list :
AAPL (many analyst notes),RIMM,C,GS,POT,
JASO,SOLF,WFR,TAN,V,TKC,CTRN,CCJ,
JRCC,WYNN,SOHU,NYX,SPWRA,FSLR,ISRG,
XLF,SNE,FWLT,TOL,PHM,GG,UYM,UYG.
Obama press conference was pointed & assuring of SOLUTIONS.
BLOG does NOT give buy or sell.
Saleem
2 comments:
TO ALL
Saleem is doing a bang up job with his blog and commentary
Hurray for green and Saleem
My AAPL and QLD up 12%
Now for a recapture of my original share price--look out shorts here we come
Exuberance -- you bet
Hi Carlton,
Thanks for you complimentary note.
I am here to CUT through the CRAP...hopefully I am succeeding !!!
AAPL & QLD looking good...it is in my HQU AAPL is 10%...
Saleem
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