Wednesday, October 21, 2009

NEW 09 HIGHS Again TODAY....NICE !!!!

S&P500,Dow & Nasdaq all marched to new 09 highs today.

TAPE has been strong since early July....almost four months of ascending market to new 09 highs....

Some very smart traders like Doug Kass,Carter Worth,Robert Prechter & Dennis Gartman have NOT read this market accurately and have caused their followers to be on the WRONG side of the trade for months.....they were all BUSY telling the market "what to do" instead of following the TAPE......

Fast Panic Money traders are always preaching short or buy protection in a one sided UP market...Guy Adami has lost it all..he told CNBC listeners to short AAPL for two days in a row???

Gold UP $2.40

Oil UP $1.23

Canadian $ is rebounding today UP 91 tick to 95.94 cent US for 1 CAD......

Portfolio is AAPL,AUY,BAC,COMS,GNK,MRVL,RIMM...

@ 12.20 following are green:

AAPL,AUY,GNK,POT,AA,FMCN,RCI,HL,ICE,
LULU,CCJ,MA,BIDU,AGU,IPI,V,GOOG,SLW.

BLOG does NOT give buy or sell.

Saleem

6 comments:

madmax said...

Saleem

Again great call on the market

APPLE is running up--$7 dollars as we speak!
The dry shippers are up too! GNK is rocking

I got on board with DSX last year and have not sold my over priced shares $24 smackers--ouch

regards

Stocks100 said...

Hi Madmax,

Thanks for your feedback.

GNK is doing great $$$$

Good luck with DSX.

Saleem

standardshigh said...

Hi Saleem,

Unbelievable TV talking heads! How many investors have they sent to their graves! Short Apple? are they nuts??????

MadMax - we all got burned last year!

Best Regards

Stocks100 said...

Hi Standards,

CNBC has done so much damage to many investors/traders by PRETENDING to know what they are talking about.....Viewers gets addicted to concept of instant trading ideas without doing any homework????

Hard work has never been substituted even in investing/trading.

Saleem

madmax said...

SALEEM and Standardas


thanks for you comments

Here is BDI rates

Baltic Dry Index (BDI) +85 2917
Rates
makes sense to me!

Stocks100 said...

Hi Madmax,

Thanks for BDI rate !!!

Saleem