Indices are fighting profit taking after huge runup.....
Currently indices are down less than .34%....
It seems that we are setting UP for a rally by close.....
Laura Tyson making positive comments about US economy coming out of recession.....
Gold Down $11....
Crude UP 20 cents
Canadian $ down 22 tick against US$
My portfolio is POT,SOL,RIMM ( UBS downgraded to neutral with a target decrease from $90 to $88)
@ 12.07 following are green in my watch list :
TSL( double upgrade & target increase to $38),STP,IPI,RVBD,TLM,
EBAY,CSIQ,FMCN,C,JRCC,WYNN,BIDU,LVS,SNE,VAR,FWLT,AGU.
BLOG does NOT give buy or sell.
Saleem
10 comments:
SALEEM
RIMM is so over sold here
I belive that GS is way over sold too.
I hope that your predicion for a green close hold true
Hey Standards, GE is looking over streached here! thoughts?
Best Regards
Hi Madmax,
Hedge funds CAN take any stock like RIMM & GS to any level in a day..then it is oversold @ low of the day???
Saleem
Hi Madmax,
Yes GE looks overstretched. I'm waiting.
Best Regards
Hi All,
BDI in nose dive 2892 now.
Best Regards
Hi Standards,
Thanks for BDI info.....I am keeping an eye on GNK for re-entry...
Saleem
Hi Saleem,
The way the BDI is sinking, I would say we could get back in GNK in the upper teens. I'm sure the overall market is keeping it's eye on the BDI.
Best Regards
Hi Standards,
BDI fall is a concern for me....that does not sound good for shippers as a trade???
Saleem
Hi Saleem,
BDI going down is attributed to the Chinese stimulus package being used up. If you look at the charts, you see a huge spike as prices rose, now they are headed down. As they level off I'll let you know. When they turn up again, it will be time to buy.
Best Regards
The whole shipping sector is stretched thin by to many ships. And yes BDI is way down. I still like the shippers
Regards
Hi Standards & Madmax,
Thanks for your feedback on BDI trends.....
I will wait for your call in this sector as i do not monitor/know BDI trends.....
Saleem
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