Market is showing resiliency AGAIN by correcting only from .88% to 1.32%.....There IS tremendous buying support on any dip....There is NO punch in selling.....
I am following the TAPE....which IS saying that market IS going higher...I NEVER fight the TAPE......one should QUICKLY adjust to make money.....
Gold Down $4.00
Oil Down 42 cents
Canadian $ resuming its uptrend UP 15 tick.....yesterday Finance Minister of Canada was talking down CAD by threatening "market intervention" so it dipped 50 tick yesterday from 10 month high....
In my portfolio :
Bought RIMM..paid $79.89
Bought POT..paid $97.59
Added 10% SOL..paid $5.78
Portfolio is POT,SOL,RIMM,RVBD,SU.....
@ 12.17 following are green in my watch list:
POT,AGU,IPI,RIMM,PALM,FMCN,C,
ICE,LVS,NYX,VLO,FSLR,GS,FWLT,GE.
BLOG does NOT give buy or sell.
Saleem
9 comments:
SAleem
Please your thoughts on getting some SU. Is it to high now??
Visa seems cheep here too. Yes?
Regards
Hi Madmax,
SU is a great buy here my cost is $33.65.....
I have not followed V for a while so cannot offer any opinion.
Saleem
Hi C,
I follow V, it is stuck in a rut and we're at the high end right now. Doesn't want to go much higher than 70 on a good day. I sold Aug 70 calls. Would like to unload and get back in at 63.
Best Regards
Thank be to you all
I got out of GS only to see it jump $3 more bucks
APPLE finally dropped a little, but RIMM awesome the last 2 days!
POT and AGU are power houses--farmers are stocking up for fall crops look out 3 quarter earnings blockbuster
Hi Madmax,
Profit is a profit.....
CSCO is spoiling our party???
Saleem
Hi Saleem,
I like SU as well....any comments regarding the high PE?
US Financial were strong today!!
I got out way too early from BAC....
Hi Speed,
SU is driven by oil prices and is expected to earn $2.25 12/10 almost 100% increase from 12/09..so forward PE is only 15.10...
SU is given higher multiple because of its Oil Sands holdings which has lot of reserve to be brought on....
SU purchase of PCZ which is completed already will give additional EPS in this Q & going forward....
SO..going forward it could be attractive based on PE also.....
Valuation in Canadian Oil company is based on X Cash flow ..which should increase big time after PCZ acquisition factored in....
This merger will save SU $1 billion in capital expenditure & $300 million in operating expenses..
I am quite comfortable with SU going forward.....
Saleem
Thanks for the explanation Saleem
SU
On a further note
IBD ranks it as highest score for
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