Tuesday, August 25, 2009

Another day another 09 highest close....NICE !!!!

Market faced another "sell in the news" day...BUT we stayed GREEN @ close......

Fast PANIC Money Adami the magnificent issued another DIRE warning for S&P 500 going way DOWN...his uninterrupted 100th call for S&P 500 to go way down????

Market do NOT listen to any group of traders EVER...it marches on its OWN beat..which has been CONSISTENTLY on an UPTREND since March with brief bout of profit taking along the way....

Can indices close down...yes it has & it will....we will have 3% to 9% pullback when market is ready..NOT when CNBC "happy hour" says so.......

So stay the course with your OWN due diligence & ensure your OWN comfort level.....that IS the important part......

In my portfolio :

Sold RVBD

Bought 80% more POT @ $93.95...brought my average down to $95.55

Portfolio is POT,SOL,RIMM......

Strong stocks were GOOG,BIDU,MA,V,NDN,GRMN,BAC,FNM.......

AH China ,Hang Seng & Nikkei are all UP

AH Crude Down 49 cents

AH futures are RED.....

PS..got tied up with some renovation issues...so post was delayed.

BLOG does NOT give buy or sell.

Saleem

5 comments:

madmax said...

SALEEM

Seems like we got a losy red day
Bad start!
Will POT go down some more or what ???


APPLE IS DOWN AS IS POT YUK
BEST TO ALL

Stocks100 said...

Hi Madmax,

POT went to support & trying a comeback......

Markets will be green.....sorry Adami???

Saleem

standardshigh said...

Hi Saleem,

V up on upgrade only, 80.
Been following this stock for sometime. Tough time breaking thru 70. It's a buy back in the 50's.
Hot stocks are crumbling. GNK hitting support at 19.

Best Regards

standardshigh said...

Hi All,

Baltic Dry Index (BDI) +39 2427

Best Regards

Stocks100 said...

Hi Standards,

Thanks for your take in V & BDI info.....

Saleem