Wednesday, June 10, 2009

Market waiting for Fed report & 10 yr auction....

Markets are holding above 200 DMA for several days now....a major requirement for "text book technicians" who have been "very busy poking holes about this rally"

Oil is strong again...another"real time evidence"...that economy is perking along fine worldwide...

Markets are waiting for Fed report on economic activity & 10 yr bond auction...both expected to be taken as "positive"......

Gold Down $1.50

OIL UP $1.05 @ $71.06

Canadian $ Down 58 tick against US$..as export fell more than expected....

In my portfolio :

Tripled my position in SOL.....

Portfolio is MRVL,MPEL,PMCS,SOL,TLM....

@ 12.17 following are among green :

SOL,TLM,ESLR,STP,RIMM ( 2 upgrades & target increased),
POT,C,LULU,CCJ,MA,CMED,VLO,SPWRA,FSLR,ISRG,VAR,
IBN,AGU,FXI,NDN.

BLOG does NOT give buy or sell.

Saleem

4 comments:

madmax said...

Saleem
A chart on GE
Point and Figure show a target of $19 smackers for GE.

Again for buying fantastic decision= SOL up again.
WOW up 4.7% 3 days in a row up big+++
How did you do it--Hurray

My FRO is up $8 bucks so far shooting for $35
the Drys are killing me --no movement at all!!

Stocks100 said...

Hi Madmax,

Financials are on the weak side..so GE will move on a long term basis...you are already UP $3.06 in GE....

Great buy in FRO....I was not aware that you have DRYS...I thought DSX & FRO were in your portfolio....in DSX you are less than $4 from your cost....

I got easy 29.33% in first SOL purchase 4 days ago...now today's purchase of more SOL has started on a positive note already....it is the sector which IS on FIRE !!!!

Saleem

madmax said...

SALEEM

My bad
I own 1000 shares of DSX not Drys

It is a typo

Thanks for your positive feed back
I appreciate all that you do for us I know that take
for granted what you do--but we are blessed with a person like you
thanks

Stocks100 said...

Hi Madmax,

I feel blessed also that so many visitors & participants of my BLOG have mutual respect & appreciation.

Life is a two way street..you get what you give.....

Thanks for your much appreciated comment.

Saleem