Tuesday, April 14, 2009

1% loss on weak retail sales.....

Markets were dealt two negatives before open.....First pricing for GS stock sale was way lower than Monday's close....& retail sales were way weaker than expected......

Markets are trying to digest these negative items.....

Gold Down $6.60

Crude UP 13 cents

Canadian $ has been strong & it is @ highest level in 10 weeks against US$..today UP another 47 tick...very good for my financial health as I am long CAD & Short US$....

Portfolio is RIMM,GNK,IPI,WEN (added 100% more),PMCS,MRVL,SOL,PALM.....

@ 11.29 AM following are among green :

GNK,IPI,MRVL,PALM,STP,TSL,C,POT,
JRCC,WYNN,BIDU,EGLE,SPWRA,ISRG,FSLR,
NVDA,EXPE,AGU,LDK,TOL,LULU,GG,ABX,DNDN.

BLOG does NOT give buy or sell.

Saleem

3 comments:

madmax said...

SALEEM
Good afternoon

GS is in hte trash can today after moving up 30 points
the sell off is way over done IMHO, buy opportunity
C and GE are off today
i will bet that GE closes green
The market wnat to go higher. Good LUck
Standards did you cover you Options on GE Should be able to close the options today--and buy new ones..

Stocks100 said...

Hi Madmax,

Pullbacks are necessary & healthy.

We had a major runup...now more like basing going on!!!!

Saleem

standardshigh said...

Hi Madmax,

No did not close out calls, still listed at more than I got paid. I'm looking to sell some more April calls just before they expire for some pocket change. GE was extended, I believe it may climb back to 12 by Friday to square out options.

Best Regards