Tuesday, September 22, 2009

Nasdaq @ highest close of 09.....

Nasdaq closed @ the highest point of 09.......

Internals of Nasdaq are forcing me to RETHINK my strategy......

Here is the stat on the day of highest close :

UP volume 400 vs Down volume of 332

Advancing stocks led by 1506 to Declining volume of 1148

Nasdaq was UP the least of major indices.....

New 52 wk high 146.....

NOT a very convincing TAPE on Nasdaq.....which has led this market recovery.....

So i have REDUCED my exposure to market by 35% in AH...

Sold RIMM AH to book a GAIN of $5++++per share

This is just for my comfort level and my personal take of the TAPE.....

Who knows..we MAY still go in overdrive for month end..BUT it MAY be DICEY in the meantime......

I intentionally posted after AH closed..because I do NOT want to influence anyone with my reduced exposure......

AH Futures are RED

AH OIL is RED....

AH Gold UP

AH Silver UP

BLOG does NOT give buy or sell.

Saleem
at

6 comments:

  1. standardshighSeptember 22, 2009 at 8:11 PM

    Hi Saleem,

    Nice play on RIMM!

    Best Regards

    ReplyDelete
  2. standardshighSeptember 22, 2009 at 9:59 PM

    Hi Saleem,

    BDI -72 trending lower

    For those following shipping, BDI is important.

    Best Regards

    ReplyDelete
  3. cSeptember 23, 2009 at 5:42 AM

    HELLO
    Saleem
    Market is GREEN!

    Congratulations on RIMM--WOW! How many shares did you sell
    Slow money says do not fight the tape we are going higher from here---yes they switched positions....

    GE is up pre market , GS, BMY, APPL and SOL.
    FRO is up a buck I think the shippers are up on anticipation of recovery?
    Best to all
    Standards still own Visa?

    ReplyDelete
  4. cSeptember 23, 2009 at 5:55 AM

    Hello again
    Tanker newsGrowth in oil production to spark rates rebound...
    http://www.lloydslist.com/ll/news/growth...

    Suezmax rates poised for upswing...
    http://www.lloydslist.com/ll/news/suezma...

    China tops Asia's crude importer list...boosts tonne-mile demand...
    http://www.lloydslist.com/ll/news/china-...

    ReplyDelete
  5. Stocks100September 23, 2009 at 6:01 AM

    Hi Standards/C,

    Thanks for your feedback re RIMM...RIMM was 35% of my portfolio so had to lock profit instead of risking it.

    Saleem

    ReplyDelete
  6. Stocks100September 23, 2009 at 6:05 AM

    Hi C,

    Fast Panic Money traders have NO game plan...they change it every 5 minutes....generally they dont get it right..so use them as contrary indicator....

    Saleem

    ReplyDelete