Wednesday, January 20, 2010

Indices in retreat Down 1.60% to 1.85%

Lackluster earnings & Chinese lending curbs are taking a hit in all indices & commodities.....

US$ sharply HIGHER......

Gold Down $28.80

Oil Down $1.61

Canadian $ taking a major hit Down 1.50 cent against US$ @ 95.45 US for 1 CAD.....

In my portfolio :

Doubled my position in ASIA @ $26.90

Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,TC,FUQI call almost dead

@ 12.47 following are green :

CREE,SNDA,BAC,VLO.....

BLOG does NOT give buy or sell.

Saleem
at

5 comments:

  1. cJanuary 20, 2010 at 10:40 AM

    Standards

    I gobbled up some more GNK at $23.35 ----- lests see where it goes form here. I am expecting a China spluge for coal and copper and ship rates to go a lot higher from here
    seems as if all the shippers got hit hard today
    Good luck to all

    ReplyDelete
  2. standardshighJanuary 20, 2010 at 10:48 AM

    Hi C,

    I am so tempted myself to buy some more GNK. BDI chart following trend line higher. China CEO says rates will recover in 2010 with some volatility. Range 3000 - 4000. We are near 3000 now.

    Best Regards

    ReplyDelete
  3. AnonymousJanuary 20, 2010 at 11:11 AM

    Line in the sand is S & P 1115/1120
    Lets hope for the best.

    ReplyDelete
  4. standardshighJanuary 20, 2010 at 11:35 AM

    Hi All,

    Bought ASIA on pullback. $26.72

    Best Regards

    ReplyDelete
  5. Stocks100January 20, 2010 at 11:44 AM

    Hi Standards,

    Good move in ASIA....great chinese software company.

    Saleem

    ReplyDelete