Thursday, July 30, 2009

Sold RIMM & IPI.....

Sold RIMM & IPI to take advantage of higher markets...

Portfolio is SOL & TLM.....

NOW...have trading emphasis on a daily basis with much smaller exposure.....

All of this to ensure my personal comfort level with market exposure which has been REDUCED big time.........

BLOG does NOT give buy or sell.

Saleem

7 comments:

standardshigh said...

Hi C,

GE may drop below 13 again before Aug 21st. May be Friday! We're getting toward the top of the trading range now, as Saleem is backing off his trades. Oh! nice call on the up move Saleem!

Best Regards

Stocks100 said...

HI Standards,

Thanks for your appreciative note.

I owe to all my BLOG visitors to display my actions accurately & in a timely manner..so they can assess their own comfort level.....

Time to be aggressive & NOW time to be extremely defensive.....

Saleem

Michael said...

Hello Saleem,

Thanks for your timely informing us on your move. I also got out of RIM (at 77) and IPI but still hold GNK. Your call is $$$$.

Michael

Stocks100 said...

Hi Michael,

Thanks for your appreciative note.

We are all here to help each other to make money or limit loss....

Market moods are very tricky to assess..I try very hard to think outside the box.....

Good luck with GNK.

Saleem

standardshigh said...

Hi Saleem,

CMED on sale, rumors downed stock today, WSJ reports CMED down in price but had more money buying on weakness than leaving stock. Someone is scooping up shares.

Best Regards

Stocks100 said...

Hi Standards,

CMED situation is not healthy financially.....they are using too many excuses to say that Q4 will be bad in G&A and also in Q1...due to "internal investigation"

CMED is a "show me stock till ER of Q1"..imho

Saleem

Speed said...

Wow, the bottom fell off the market today after 3pm.

Barron's is saying there is still some ways to go on this rally.

Anyone follows this stock RINO trades on the Nasdaq? I really likes this space....waster water treatment etc...