Indices are @ the highest level since last correction......
S&P 500 is only 18 points away from 52 wk high.....
Gold UP $6.60
Oil UP $1.35
Canadian $ @ 52 wk HIGH @ 97.26
Portfolio is APWR,IAG,PALM,SLW.....
Majority of stocks are UP....
@ 12.14 following are RED :
APWR,PALM,SOLF,MRVL,EGLE,RIMM,BIDU,
AMZN,AUY,QCOM,BRCD,ICE,IGT,ASIA....
BLOG does NOT give buy or sell.
Saleem
9 comments:
SALEEM
Take a look at the erefiners:
here are some that I look at:
ANW TSO VLO FTO AE HOC IOC LZ WNR
they seem to be doing well!
nat gas is dead, IMHO. HAL is also doing very well
Cheers to all and have a great weekend and enjoy a strong market
Hi C,
Thanks for highlighting refiners...
YES....market is doing well BUT APWR,PALM is pulling me down....
Enjoy a prosperous weekend !!!
Saleem
Hi All,
GNK on the move. Options traders trading 8 to 1 calls to puts on 3/3/10. Expecting higher highs.
Best Regards
Hi Standards,
GNK has done well since $20 area..
Saleem
Saleem,
You bought TC before. GMO seems on the same category with TC. Please comment.
Have a nice weekend!
Michael
Hi Michael,
GMO..I do not know ....
Anything below $5...one has to know the fundamental closely.
GMO had a run of 53% today on huge volume..RSI 80.01...
Fundamentally they narrowed their loss to 3 cents per share....
They have $49 million cash & burning $10 million each Q.....so either a merger or secondary..which is not unusual in mining.....
This is an exploration company...lot of risk/lot of reward.
It is advisable @ the least... to get the RSI in 50 area.....
Hope it helps !!!
Saleem
Saleem,
Thanks for your comment. I saw they had a huge jump and I know you bought TC so your advise is very helpful. I agree. It is not worth to chase the last $$.
APWR was caught in the crossfire of American political battle. Hopefully it will find the way out soon.
Palm should be a good trade with minimal lost on the down side and big gain on the up side.
Michael
Hi Michael,
APWR should work out in the end...
PALM has been deeply oversold for a month now...Should go UP on no news.
Sometimes patience is all one can show......
Saleem
SALEEM
Not that it matter one bit
But j the Cramer like PALM
It is a buy in his opinion So he says it can go no lower
all aboard?
How about APPLE up $8 smackers I got out and am waiting for the coming drop in price--who could predict the iPad launch as a sucess!
Cheers and the sunny no snow best to all
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