Markets have come a long way from the dark day's of Nov 21st.....when we were @ LOWS in decades.....
Since Nov 21st we are UP:
Dow +22.2%
S&P 500 +25.7%
NASDAQ + 26%
BUT.....
If you listen to Macke of Fast Money ..He is still MUMBLING sell sell sell & have only one long position in WMT which he likes to talk about...i am sure he has many other position BUT will NOT mention it for lack of performance..SEE it IS IMAGE on TV which MATTERS....NOT performance...PRETEND you are GOOD and that IS good enough for CNBC audience.
FETAL position or CASH is NOT working for MACKE or its followers for a long time ....This Market was NOT kind to long or SHORT.....ALL ended up being very SHORT in EQUITY......
BUT......
Being LONG since Nov 21st has been very PRODUCTIVE.....My EQUITY has IMPROVED by 70% since my LOW point...still has a LONG way to go before BREAKEVEN......
I finished my capital gain/LOSS worksheet for 2008 Tax return today...ending the year of 2008 @ loss of 64K.....my biggest loss since 1987 when it was 100K......
What killed me the-most was my faith in Solar stocks where I got 90% of my loss...LDK & SOL did me in......
So .....I look forward to 2009 with great OPTIMISM & HOPE for recouping my 2008 loss!!!!
2008 was especially disappointing because I had my best GAIN ever in 2007 +500%......when RIMM worked like a charm alongwith VMW,NVT & my long position in Canadian $....
By 10AM Saturday I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
ATL gas hit low of $1.28, gas war prices. Markets seem somewhat happier for the new year? BDI is stalled after a steep climb. After tax loss buying for the new year IMHO. We're along way from 14k on the Dow. We may get one more pull back near the low of November, last chance to buy cheap!
Best Regards
HELLO ALL
here is the IBD 100 listing -Look at how much most stocks are off from their highs! % Off
Rank Company Symbol Price High
---- ---- ---- ---- ----
1 ALMOST FAMILY INC AFAM 42.95 -20.2
2 EMERGENT BIOSOLUTIONS EBS 25.09 -5
3 EZCORP INC CL A EZPW 15.73 -18.3
4 WORLD FUEL SERVICES CORP INT 36.45 -7.7
5 AEROVIRONMENT INC AVAV 38.26 -1.1
6 LIFE PARTNERS HOLDINGS LPHI 43.9 0
7 SYKES ENTERPRISES INC SYKE 19.69 -12.7
8 TOWER GROUP INC TWGP 27.9 -17.3
9 I T T EDUCATIONAL SVCS ESI 94.29 -11.7
10 AECOM TECHNOLOGY CORP ACM 32.28 -6.4
11 GENTIVA HEALTH SVCS INC GTIV 29.08 -2.1
12 BAKER MICHAEL CORP BKR 38.6 -9.2
13 V S E CORP VSEC 39.81 -20.2
14 HEALTHSPRING INC HS 19.91 -13.2
15 GREEN MTN COFFEE ROASTRS GMCR 39.09 -12.7
16 PETMED EXPRESS INC PETS 17.46 -8.3
17 CAPELLA EDUCATION CO CPLA 58.29 -16.5
18 INSITUFORM TECHNOLOGIES INSU 19.22 -7.7
19 S X C HEALTH SOLUTIONS SXCI 18.79 -0.3
20 H M S HOLDINGS CORP HMSY 31.57 -14.9
21 PANERA BREAD CO CL A PNRA 53.94 -17
22 THORATEC CORP THOR 32.02 -2.1
23 N C I INC CL A NCIT 31.17 2.9
24 QUALITY SYSTEMS INC QSII 43.61 -9
25 CONCUR TECHNOLOGIES INC CNQR 33.38 -33.2
26 COMPASS MINERALS INTL CMP 60.89 -30.7
27 NORTHWEST PIPE COMPANY NWPX 43.86 -32.7
28 ASTEC INDUSTRIES INC ASTE 33.16 -21.8
29 HANSEN NATURAL CORP HANS 34.81 -23.7
30 HEICO CORP HEI 39.85 -30
31 ENSIGN GROUP INC ENSG 17.21 -10.6
32 NETEASE.COM INC ADR NTES 22.78 -16.1
33 FIRST CASH FINANCIAL SVS FCFS 19.21 -4
34 NATIONAL PRESTO IND NPK 78.23 -2.9
35 SHANDA INTERACTIVE ENTMT SNDA 33.44 -12.6
36 CELGENE CORP CELG 56.49 -27
37 TRANSDIGM GROUP INC TDG 33.45 -28.1
38 NETFLIX INC NFLX 29.87 -27
39 KNIGHT CAPITAL GRP CL A NITE 15.78 -20.1
40 AXSYS TECHNOLOGIES INC AXYS 53.74 -32.6
41 GILEAD SCIENCES INC GILD 52.18 -9.5
42 MCDONALDS CORP MCD 63.75 -4.9
43 STANLEY INC SXE 34.94 -10.4
44 MANTECH INTERNATIONAL MANT 54.19 -12.7
45 STRAYER EDUCATION INC STRA 213.53 -11
46 HOME BANCSHARES INC HOMB 26.64 -23.9
47 A A O N INC AAON 20.88 -9.2
48 SOUTHSIDE BANCSHARES INC SBSI 23.3 -13.7
49 L H C GROUP INC LHCG 34.76 -5.6
50 AMERICAN PUBLIC EDUC INC APEI 38.9 -26.9
51 MCAFEE INC MFE 34.64 -15.5
52 S W S GROUP INC SWS 18.95 -15.9
53 C H ROBINSON WORLDWIDE CHRW 55.85 -17.1
54 MARVEL ENTERTAINMENT INC MVL 31.27 -18.8
55 SOUTH JERSEY INDUSTRIES SJI 39.94 -1.6
56 C N A SURETY CORP SUR 19.01 -17
57 PINNACLE FINANCIAL PRTNR PNFP 29.25 -20
58 SHENANDOAH TELECOMMCTNS SHEN 26.89 -4.7
59 FLIR SYSTEMS INC FLIR 31.76 -30.2
60 GARTNER INC IT 18.47 -34.9
61 COMTECH TELECOMM CORP CMTL 46.42 -16.3
62 GRAINGER W W INC GWW 80.59 -14.3
63 ROCK TENN CO CL A RKT 34.82 -24.9
64 JOS A BANK CLOTHIERS INC JOSB 28.46 -31.8
65 SUNOCO LOGISTICS PTNR LP SXL 47.73 -13.9
66 CEPHALON INC CEPH 77.67 -3.4
67 DEVRY INC DV 56.83 -7.7
68 ENDO PHARMACEUTICALS HDG ENDP 26.08 -8.4
69 DOLLAR TREE INC DLTR 42.05 -4.7
70 ATHENAHEALTH INC ATHN 35.61 -7.1
71 CALIFORNIA WATER SVC GRP CWT 45.86 -1.6
72 NEW ORIENTL EDU&TECH ADS EDU 56.29 -34.9
73 WABTEC WAB 39.86 -34.4
74 EXXON MOBIL CORP XOM 81.64 -15.1
75 N V E CORP NVEC 26.26 -33.7
76 CATALYST HEALTH SLTNS CHSI 24.25 -31.4
77 CHATTEM INC CHTT 69.68 -15.2
78 BURGER KING HOLDINGS INC BKC 24.44 -21
79 CLEAN HARBORS INC CLH 63.67 -23.3
80 FORRESTER RESEARCH INC FORR 28.14 -22.4
81 OLD DOMINION FGHT LINES ODFL 29.26 -27
82 STEPAN CO SCL 46.84 -23
83 APOLLO GROUP INC CL A APOL 78.37 -4.1
84 EMERGENCY MEDICAL SVCS EMS 37.32 -3.4
85 AMERICAN SCIENCE & ENG ASEI 73.09 -5.1
86 SHAW COMMUNICATIONS CL B SJR 18.21 -26.2
87 BIOGEN IDEC INC BIIB 48.49 -34.1
88 W M S INDUSTRIES INC WMS 26.9 -34.8
89 CERNER CORP CERN 39.18 -34.5
90 MEDCO HEALTH SOLUTIONS MHS 42.73 -21.8
91 COMCAST CORP CL A CMCSA 17.99 -21.3
92 DIRECTV GROUP INC DTV 24.18 -16.9
93 OPEN TEXT CORP OTEX 30.74 -21.4
94 J 2 GLOBAL COMMUNICATION JCOM 20.75 -24.1
95 PROASSURANCE CORP PRA 51.34 -27.9
96 STERICYCLE INC SRCL 52.66 -20.4
97 GENESEE & WYOMING INC GWR 31.54 -33.5
98 VIASAT INC VSAT 23.94 -31.6
99 NEOGEN CORP NEOG 26.12 -18.3
100 REGAL BELOIT CORP RBC 38.83 -22.4
Hi Standards,
Gas is @ throwaway prices in ATL....
Toronto gas prices is $2.87 US gln....bargain from Canadian point of view...
It will be prudent to build a good portfolio @ these level imho
Market always do the opposite of what traders think.
Saleem
Hi Madmax,
Thanks again for IBD 100!!!!
Some of the MOMO name will join that list in few weeks!!!
Saleem
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