Monday, March 30, 2009

Almost 4% slump..thanks to Autos !!!!

Markets are slumping from open....thanks to half baked proposal submitted by auto makers...I do not blame White House for rejecting their soft approach to dealing with deep rooted problems in Auto Industry.....

Gold UP $5.30

Oil Down $2.86

Canadian $ down again ..lower against US$ by 1.11 cent....huge move down.....

Most stocks are down including my portfolio...RED is the colour....

Hopefully we should see a recovery into close... !!!!

BLOG does NOT give buy or sell.

Saleem
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7 comments:

  1. cMarch 30, 2009 at 9:51 AM

    SALEEM

    Hello my friend
    Here is DC we spne the tax dollar like drunken sailors

    The market is very roiled and difficult to predict.

    Good luck with your stock picks.
    Cheers to all

    ReplyDelete
  2. Stocks100March 30, 2009 at 9:56 AM

    Hi Madmax,

    No LUCK today..it is all DEEP RED !!!

    Markets are in REACTION mode to Autos !!!

    Saleem

    ReplyDelete
  3. standardshighMarch 30, 2009 at 10:00 AM

    Hi Saleem,

    What is a good entry point for RIMM? This sell off may be an opportunity to pick up a few shares.

    Best Regards

    ReplyDelete
  4. Stocks100March 30, 2009 at 10:40 AM

    Hi Standards,

    My cost is $42.60....if you buy NOW...you are paying less than me!!!

    Good luck in your decision.

    Saleem

    ReplyDelete
  5. standardshighMarch 30, 2009 at 11:01 AM

    Hi Saleem,

    Got RIMM for 42.50 thanks

    Best Regards

    ReplyDelete
  6. standardshighMarch 30, 2009 at 11:22 AM

    Hi Saleem,

    Funny how world markets show 5% declines overnight also. How can this be possible?

    Best Regards

    ReplyDelete
  7. Stocks100March 30, 2009 at 11:31 AM

    Hi Standards,

    This bear market has proven to all of us that there is only ONE world market...they go UP & come DOWN together.....

    Thanks to FUTURES..which prices everything in advance !!!

    Saleem

    ReplyDelete