Tuesday, January 12, 2010

Overbought & Option Expiry @ play today.....

Markets were in need of technical repair going into today.......

Option Expiry is also a factor...

This pullback is healthy for the market & was anticipated.......

AA ER is NOT the reason.....

Gold Down $5.10

Oil Down 1.07

Canadian $ down 57 tick

In my portfolio :

Bought FUQI call Feb 22.50 for $1.30...first venture in call buying in many years......feeling optimistic about FUQI TAPE.....

Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,SOLF,TSL,TC....FUQI call

@ 12.44 following are green :

RCI,BCE,MA,LVS,BRCD,CTRN,SNE....

BLOG does NOT give buy or sell.

Saleem

2 comments:

psrajpal said...

Bought some IAG at @16.45 today. Couldn't resist the opportunity to buy at this price.

Thanks

Paramjeet

Stocks100 said...

Hi Paramjeet,

IAG is a good stock to own.

Good luck !!!

Saleem