Markets are trying to digest yesterday's huge gain......
So far 3%+ to 4%+ giveback is happening......
NASDAQ is weakest of the indices..as NOK warned on handset sales worldwide..thus affecting chips & handset makers like MOT,QCOM,MRVL,BRCM,AAPL,RIMM......
In my portfolio :
Bought an ETF in Toronto HOU.TO which is an Oil BULL on Oil prices on NYMEX...I am betting that Oil will move HIGHER from here..EASY to bet on OIL prices than Oil stocks.....my cost $5.85...its 52 week high was $48.51.....DOWN 87.9%......
So I have HOU.TO & UYM......
@ 11.57 AM following are green in my watch list :
LVS,CROX,JASO,GOOG,V,PHM,DUG,SGP,GG.
BLOG does NOT give buy or sell.
Saleem
8 comments:
WAy to play this market an over sold OIL bet to me is a safe bet---I saw lots of actin in SWN, UPL, CHK ARD DVN yesterday!! yahooo!!
My buy of last week of QLD left me with a bag that I did not sell--crap
Swing trade DSX and some MONSANTO
I too looking at Visa action. I am expecting a neutral close
Any guess as to market direction???
I am betting neutral close--any takers???
Are you considering getting back into SOL prior to ER?
P/E: 2.39
Price/Book: 1.14
Its near a 52 week low but, considering oil prices should rise, the election, global warming, and the fact that smaller companies like these have a greater potential coming out of a recession. Why not take out a large position and hold? JMO... Thanks.
Humm,
I like HOU.TO. Looks like a no brainer to me, it's not like it can go bankrupt... lol...
Problem is I never followed ETFs before...
Thanks for the tip
Hi Madmax,
Do not worry about QLD..it will move UP with market....NASDAQ is making another BASE today....
Most of the bad news is in NASDAQ as we speak......
Saleem
Hi Chris,
Thanks for your note re SOL.....
I am trying to stay in ETF only until market has moved UP from daily worries...which will not be until Jan 09.....
Solar are being exploited by analyst ...do not feel comfortable.
Good luck on your position in SOL.
Saleem
Hi Frogvest,
I am liking ETF much more than stocks NOW......
Have done extensive studies on many ETF......they are all CRUSHED ..I see MORE opportunity in them than underlying stocks...imho
Saleem
Hey Saleem,
Any links or tips on where I can inform myself on ETFs and do my owm DD?
Cheers,
Frogvest
P.S.: By the way, I expect green for next week... just a hunch, no more.
Hi Frogvest,
All you have to do is go through the websites of
ishares
proshares
horizon
claymore
wisdomtree
or just google ETF.....
Good luck !!!
Saleem
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