Stock market is in an ascending mode...against the wishes of many "vocal experts".....as long as they keep saying "fetal position" and "selling everything" on a daily basis we should do "mighty fine"....
Currently Market,interest rates are adjusting to an "improving economy".....
Oil is "the biggest indicator" of where the economy is heading.......
Asia is almost back to "normal growth"
Europe is "turning the page"
US picture is "muddied thanks to negative media"who will do many negative stories to get the ratings UP......
Any green close is a "sign of strength"
Downside in indices have been "muted" & will continue to be so......
Media IS giving you the impression as if we are "testing the lows on a daily basis"?????
In my portfolio :
Sold MPEL....
Added 50% more SOL.....today was a "pullback after a HUGE runup"
Portfolio is MRVL,PMCS,SOL,TLM......
AH NSM ER was a "beat & guide UP"...semis were perking UP in sympathy.....
For the most part Solar took a well deserved "breather"
Strong stocks were PALM,RIMM,TLM,ESLR,IPI,AGU,FXI,ISRG,BAC,X,ACH,FITB.....
AH Futures are RED.....
AH Gold ,OIL are mini red...
NIKKEI is UP.....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi saleem,
I enjoy reading your blog. What's your reasoning of selling mpel? It seems it will stay in the range for a while, and it's near the low bound now.
Thanks,
Sherrbin
Hi Sherrbin,
Appreciate your feedback.
I bought MPEL on May 11th....added more several times...thinking that it is making a solid base & will make a move UP.....
ER came ..no move
COD opened.. no move
While Dow has moved UP 400 points in the same time period...
This is the most patient I have been with any stock lately....but I felt..I am tying capital without any return & today..i went negative after a month....
Thus my decision to move ON !!!!
Hope you understand my logical decision.
Good luck in your MPEL position.
Saleem
Hi Saleem,
BDI +100 3583 coming back after big drop, after big runup. :)
Options expiry next Friday. Always a jittery week.
Market going sideways, digesting the variables, but not down.....nice.
Good weekend to all.
Hi Standards,
Thanks for BDI info....
GNK tape is better than most...
Close should be interesting !!!!
Have a nice weekend....
Hope your dad is doing well.
Saleem
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