I am sure Aunt Clara is shouting "where is the....correction"
We are barely down in major indices......
There seems to be "no break for bears"
Hang Seng & Nikkei weak overnight..BUT Shanghai was UP 1.24%
Gold Down $3.90 to $1001
Oil Down 59 cents to $68.70
Canadian $ Down 67 tick...parliament voting this week IF government stays in power...
Portfolio is HL,GSS,POT,SOL,RIMM......
POT was downgraded by C target reduced to $98 from $115...
@ 12.09 following are green :
RIMM,HL,AAPL,ETFC,TLM,FMCN,GNK,
BRCD,JRCC,WYNN,BIDU,LVS,ISRG,VAR,
GE,PALM,GOOG,V,NDN,SU.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi All,
Why is GNK up? BDI is down -11
Maybe a bull trap?
Best Regards
Hi Standards,
All stocks in this sector are flying......
Sometimes stocks are leading indicator of future BDI......
GNK is looking very good$$$
Saleem
Standards
No GNK was upgraded and they had a 1/2 hour show on Blomberf TV about the shippers and GNK was best buy
FO figure I have a 1000 shares of DSX
So go fly with GNK, they pundits says china can NOT get enought raw materails plus steel making is maxed out again!
Sound familiar?
Regards to all:
Wihs my POT was coming back
My GE and GS are flying! hurray
and my new addition CHU is up! Yes..
Hi C,
POT did NOT go below 200 DMA...or even touched 200 DMA...sign of strong support.
I am glad you are in the money $$$
Saleem
Hi C,
Great going on GE! more to come! Thanks for the info on GNK. BDI says nothing new on horizon as shipping rates are low stagnant. If China really was buying, then shipping rates would be rising, not dropping.
Odd.
Best Regards
Hi Saleem,
Ha! Finally green in RIMM! How long you going to hold it?
Best Regards
Hi Standards,
I am UP $2.12 per share in RIMM finally....shows conviction & patience pays off even if your entry point is not ideal.....
I MAY exit RIMM @ $101.....
Saleem
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