Markets are down less than 1% on drop in consumer confidence....media certainly is NOT helping .....
The question MAY be as to WHY we are DOWN.....because "they COULD"...expecting a better close HIGHER than LOW of the day......
In this media driven negativity environment..you must think long-term & BUY weakness..that is what I am doing....
Gold Down $14.00
Oil Down $1.72 to $66.66
Canadian $ Down 59 tick to 91.86 against US$ after hitting 93 cents in overnight trade....
In my portfolio :
Added 6% SOL paid 15 cents above low of the day..it is my 2nd largest position 22.05% (real time) & my 6th purchase....
Portfolio is GNK,IPI,SOL,RIMM,TLM.....
GNK reports Wednesday consensus $90.67 million in Sales & EPS of $1.08..expecting a beat in EPS.....
TLM reports Wednesday consensus Sales $1.45 Billion & EPS 8 cents..expecting in-line results...
@ 12.12 following are among green in my watch list :
MRVL,C,SOHU,ISRG,VAR,GE,NDN....
BLOG does NOT give buy or sell.
Saleem
5 comments:
SALEEM
Hello to all
Wow more SOL huh! GNK should show us all some fantastic earnings!
The tape haas flip flopped all day!
Yowsa, be a very interesting close
Hi Madmax,
SOL is basing nicely above support of $5.48.....it should move UP very swiftly.....
Most stocks are trading well above lows of the day..which is more important than close....
Yes..GNK should beat beat & beat $$$
Saleem
Hi Saleem,
Wow another nice finish, buying on weakness, could another sweep of short squeezing be coming forth?
BDI +68
European markets slight bearish -1.5%
China bulls firmly in control
Best Regards
Hi Standards,
Market is doing its own thing...TAPE cannot speak any LOUDER......
GNK should propel our portfolio....
Saleem
Hi Saleem,
GE up on increasing volume.
Traders anticipating pullback once the S&P hits 1000. But only back to 950. We will see.
GNK should beat? Hey if they put the dividend back, it would really be great!
Best Regards
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