Tuesday, June 16, 2009

Nasdaq Green.....

Indices are mixed with Nasdaq in green.....

Option Expiry is playing a bigger rule in tape action today......

Economic data was mostly positive......but Market Makers need to control stock prices until they are all covered with their strategy....

Industrial production fell more than expected which MAY account for some weak tape also...

Many stocks are pinned down to certain strike price...which MAY continue till Thursday....

Gold UP $10.40 was oversold....

Oil UP $1.44

Canadian $ UP 15 tick against US$ .....

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

@ 12.06 following are green in my watch list :

SOL,PMCS,TSL,STP,YGE,PALM,RIMM,AAPL,KGC,
IAG,SINA,FMCN,CTRN,IGT,WYNN,LVS,ABX,ISRG,
GG,GS,IBN,GOOG....

BLOG does NOT give buy or sell.

Saleem
at

4 comments:

  1. madmaxJune 16, 2009 at 9:55 AM

    Saleem
    Good Day sir

    the maket is roiled again...

    GE nosed dived--sold my GE Coverd calls and made some lunch money. 1000 shares is all I got...

    GS is way up and Citi in Red.
    Time to buy some more DSX and ride it up to $18 again, Any takers?
    comments
    good luck all

    ReplyDelete
  2. Stocks100June 16, 2009 at 10:30 AM

    Hi Madmax,

    You CAN buy back your option for GE and this way you can keep GE stock.....right now that option is lot cheaper than what you sold for????

    Saleem

    ReplyDelete
  3. standardshighJune 16, 2009 at 10:36 AM

    Hi Madmax,

    Yep, right on schedule. GE nose dive just before options expire, great job

    Lunch money pays some of the bills.

    Best Regards

    ReplyDelete
  4. madmaxJune 16, 2009 at 4:53 PM

    thanks be to all of you

    appreciate your support
    thoughts on this sell off

    Best regards to all of ya

    ReplyDelete