Monday, February 9, 2009

Market WAITING for stimulus & Bad Bank relief !!!!

Market are in a holding pattern waiting for big time decision about passage of stimulus package & DETAILS about bad bank relief.....

GOLD Down $15

Oil UP $1.75

Dennis Gartman in his newsletter today is predicting Canadian $ to move sharply UP to equal US$ by summer.....If this happens...I will be a very happy investor in CAD.....

In my portfolio:

Added more TOL today.....it reports on wed....my cost went UP to $19.13....there IS $15,000 credit for all home buyers in stimulus package...will give a kick start to home builders..TOL is the best in that sector...best balance sheet in that industry !!!!

GERN UP 7 Cents

TOL Down 4 cents

XLF UP 13 cents

Canadian $ UP 44 tick against US$......

@ 11.55 AM following are green in my watch list :

CMED,GNK,V,YGE,POT,CCJ,JRCC,WYNN,
BIDU,SOHU,VLO,FSLR,IBN,GOOG,FWLT,
AAPL,AGU,IPI.

BLOG does NOT give buy or sell.

Saleem

2 comments:

standardshigh said...

Hi Saleem,

BDI up +173 to 1816. Moving on up!

GNK gaining momentum. Not sure why.

Best Regards

Stocks100 said...

Hi Standards,

News IS very good on BDI.....

I am NOT sure if stocks are overbought in that sector...

I will buy after some consolidation !!!

Saleem