Markets are fighting profit taking by staying in green.....
All indices went into new recent highs today..with Dow showing strength....
Jobs report came better than expected but GS yesterday gave an advanced peek into it..so it was already priced in......
Markets will work its way higher......
Gold Down $23
Oil UP 12 cents
Canadian $ is down 1.26 against US$....as US$ is strong after better than expected jobs report.
In my portfolio :
Bought SOL...as part of my speculative play.....
Portfolio is MRVL,MPEL,PMCS,SOL,TLM......
@ 12.20 following are strong :
PMCS,SOL,AMZN,AMTD,BIDU,RIMM,V,TKC,
SOHU,SPWRA,IBN,FWLT.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Just curious what your reasoning was behind the SOL speculative buy? RSI has this in overbought territory. I sold half SOL today after the run-up and added LDK as a second solar position. Your thoughts?
Chris
Hi Chris,
It was wise on your part to sell SOL in this runup.....never hurts to lock in gain....
My reasoning was that I wanted a solar stock which has not gone too far.....
SOL i have followed for many years and have liked it..It is expected to make money in 2nd half which starts june 1.....
Solar stocks are NOT following traditional RSI metrics..if you check TSL RSI....
I may add more SOL as I go along !!!
Good luck with SOL & LDK !!!!
Saleem
HELLO to all
I like SOL too
I have held on to it for 1 year As I never sell in time
So I held the bag
I look forward to a good year in SOL
I am thing a target of $20 maybe higher especially if they have positive earnings
Good luck to Chris he took his gain--I am jealous
Smile
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