ADP gave another downbeat number for jobs ...so market obliged by going down in triple digits after open.....
Pending Home sales rose 2.1%...so market obliged by going UP triple digit....
So... those who sold because we are going to "test LOWS" are scratching their head.....and wondering IF technicians have LOST it all......
There IS a FUNDAMENTAL shift going ON in economic picture......REAR VIEW mirror is shattered.....markets are looking AHEAD towards better economic health of world economy....
Some stats which are being released are rear view and some are forward looking.....please try to pay attention & strategy HAS to reflect that.....
This is a new Q....and buying CONTINUES......trillions are UNDER INVESTED !!!!
Gold Down $1.60
Oil Down $1.90
Portfolio RIMM,IPI,GNK,MRVL,PMCS,PALM.....subject to Sale !!!!!
Most of the stocks are UP.......
BLOG does NOT give buy or sell.
Saleem
7 comments:
SALEEM
I like your RIMM buy $$$ Looking good today!
My GE hit $9.80 today what a bargin. pays 4% and a target of $25 I gotta see that targer ...he hehehehehe.
The dry shippers are NOT happy the BDI rates are not coperating.
J the Cramer says buy NAT and we all know the score, sell when he says buy!
I still have a load of CITI bank and holding for $6 smackers....
QLD could hit $30 again any body buy some??
I can only hope that the housing picture continues to brighten
Cheers to all God Bless all
Hi Madmax,
C & GE will be a good 2 years hold...
QLD should be sold when you have profit and buy more individual tech names.....this way you have much-better RETURNS imho
When markets are coming of LOWS individual stocks shoots UP way-more than ETF.....
Saleem
SALEEM
I was in favor of ETF for tech as it seemed so safe.
I would bet that you are correct that individual stocks will pop better, than the tech QLD!
Where do we go from here Saleem.
Hi Madmax,
This will be a multi-year UPTRENDING market.....
This IS the reason why I have NO ETF.....
In slumping market....I had all ETF..because it was a safer strategy..as stocks were losing 40% in a day !!!!
Saleem
Hi C,
RIMM looking good. Buy GE on dips, collect the 4% dividends and sell covered calls on the stock to improve the dividend each month.
Best Regards
Standard
Hello at you too!!!!!!!
At what price would I set for an April 17 coverd call
the $11 are .35 cents. I paid $10.65.
I can buy more then 100 shares but am sacred of losing my ass like my 401K has done!
Just asking as my trading account is small potatoes right now.
Hi C,
Read up on covered calls before you make any decision to do this. There are draw backs. If you only have a few shares,,,there is no reason to do it. The commission will eat up your profits. Each option contract is for 100 shares. So 100 x .35 = $35 - commission. But 1000 shares x .35 = $350. You want to sell the highest price calls expiring the soonest. That way you won't miss any up moves and won't get called.
Study up on calls.
Best Regards
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