Monday, May 18, 2009

Bombay Sensex UP 17% in a day..giving kick-start to a new BULL run !!!!

Pundits were NOT ready for a jump start...BUT India's premier exchange Bombay Sensex shot UP into stratosphere by jumping UP 17% in a day......to celebrate election of Congress party....

Most Indian stocks are UP 20%+++ including ETF......

Most world markets were down 2%++ until Sensex opened then everything turned UP from down which were open for trading...Nikkei missed the run because they were already closed.

Gold Down $10.50

Oil Up $1.70

Canadian $ UP 1 cent against US$....after being down for couple of trading days....

In my portfolio :

Added 15% more PMCS on a downgrade......

Portfolio is EGLE,MPEL,PMCS,PALM,TLM.......

PALM is @ new 52 wk high ... while leaders AAPL & RIMM are far far from their 52 wk highs..."thanks to many negative commentary on PALM product/valuation ... by those who cannot see the forest from the trees"...as once a wise man said......TAPE action speaks LOUDER than negative words...PALM UP only 948% from its 52 wk low????

TLM had a new Oil discovery in North Sea.......

Most stocks are UP......

BLOG does NOT give buy or sell.

Saleem
at

5 comments:

  1. madmaxMay 18, 2009 at 10:01 AM

    SALEEM
    Here is the Drys index:

    Baltic Dry Index (BDI) +61 2605
    Rates BCI
    (Cape index)
    BPI
    (Panamax index)
    BSI
    (Supramax index)
    INDEX 3600
    +119
    2516
    +42
    1786
    +32

    SPOT 4 TCE AVG (USD) 35369
    +1447
    20121
    +338 18679
    +335

    YESTERDAY (USD) 33922
    19783
    18344

    YEAR AGO (USD) 203520
    84637 65371

    ReplyDelete
  2. Stocks100May 18, 2009 at 10:11 AM

    Hi Madmax,

    BDI is moving UP daily ...BUT EGLE is stalled due to FEAR of secondary offering...I will ADD after the offering if given a chance.....

    Rest of the shipping stocks are doing OK......good for you & standards $$$$$

    Saleem

    ReplyDelete
  3. madmaxMay 18, 2009 at 12:27 PM

    SALEEM

    have you noticied taht LVS is flying again---Hurray
    My APPLE is coming back as is GS and CITI GE is a close second today with a 4% up tick

    Monsanto can not move for some reason--Yet I think it is a good buy
    Good luck to all

    ReplyDelete
  4. madmaxMay 18, 2009 at 12:29 PM

    Saleem here are some refinery stocks that I have tracked
    WNR was good to me in the past

    ANW TSO VLO FTO AE HOC IOC LZ WNR

    It may be a good time to get some --thoughts?

    ReplyDelete
  5. Stocks100May 18, 2009 at 12:38 PM

    Hi Madmax,

    Yes refiners are looking GOOD $$$$

    I will do some homework then see which one is looking better....

    Thanks for pointing it out....

    Most portfolio should be doing good today...as market is very healthy......

    Saleem

    ReplyDelete