Friday, February 12, 2010

Panic selling on China tightening a BIG mistake !!!!

Chinese are increasing bank reserve to control "hyper GROWTH"......

Same message was given by Ben Bernanke to keep inflation in check in US.....

Different economy different problems being dealt by the central banks.......

European growth was touch lower than expected......

Our dedicated 5 mt traders jumped ship immediately......they are NOT looking good by mid-day as most stocks have recovered.....

Gold Down $6.20

Oil Down 1.51

Canadian $ Down 19 tick

In my portfolio :

Added 30% more PALM @ $9.97

Portfolio is APWR,IAG,PALM,SLW,TC,TSL......

@ 12.02 folllowing are Green :

PALM,TSL,SLW,MRVL,AAPL,RIMM,CSIQ,SOL,
CREE,NTES,NDN,NVDA,RVBD,X,POT,
FMCN,LULU,FSLR....

BLOG does NOT give buy or sell.

Saleem

8 comments:

standardshigh said...

Hi Saleem,

I put an order in for GE on the cheap. No confirmation yet.

Best Regards

Stocks100 said...

Hi Standards,

Hope it is NOT snowing too much where you are.....heard it on radio that ATL flights have been cancelled.

Good luck with your "defined strategy"

Saleem

Anonymous said...

All in all not a bad day. Everyone have a good weekend and don't forget the sweethearts.

standardshigh said...

Hi Saleem,

Yes Atlanta shuts down at the mention of snow. We have about an inch on the ground, it will be all gone by Saturday.

Best Regards

Michael said...

Saleem,

We got a wild ride today. I rather took the back seat and hold all of my shares so they would not fall in HF's hands. TSL and APWR showed their strenght today.

Have a nice weekend.

Michael

Stocks100 said...

Hi Standards,

1" snow is called "trace of snow in Toronto".....

This year we gave all of our snow to DC......

Saleem

Stocks100 said...

Hi Victor,

YES... happy valentines & a long weekend to recover from.....

YES..we dodged the bullet AGAIN !!!!

Saleem

Stocks100 said...

Hi Michael,

This IS a market to pick good stocks & sit back & RELAX....

HF are going NUTS selling/buying/selling every 3 minute.....I think you & I are doing much better and saving commission.

YES...TSL closed near HIGH of its recent range.....

APWR is giving every signal..it IS ready to EXPLODE....all it needs is VOLUME $$$$

Enjoy 3 day weekend !!!!

Saleem