Thursday, March 18, 2010

S&P 500 & Nasdaq RED......

Indices are struggling with severe overbought conditions.......S&P 500 & Nasdaq are in RED.....

Gold Down $4.40

Oil Down 88 cents

Canadian $ Down 33 tick to 98.66

In my portfolio :

Added 50% more VXX @ $22.06

Added 20% more APWR @ $12.47

Portfolio is APWR,VXX,QID....

@ 12.15 following are Green :

PWRD,FDX,TQNT,SOHU,NTES,AMZN,GAME,
PALM,FMCN,SNDA,NDAQ,FUQI,ASIA,SNE,VAR....

BLOG does NOT give buy or sell.

Saleem
at

10 comments:

  1. MichaelMarch 18, 2010 at 9:36 AM

    Saleem,

    TSL is under pressure due to the secondary offering. Please comment if it is good opportunity to add TSL? I only have VXX and SMN.

    Michael

    ReplyDelete
  2. Stocks100March 18, 2010 at 9:44 AM

    Hi Michael,

    Below $21 is a good entry point for TSL.....

    My guess is that secondary could be priced in $21 area +-

    Saleem

    ReplyDelete
  3. MichaelMarch 18, 2010 at 9:58 AM

    Saleem,

    I will wait for the dust settling down before I make any move on TSL. I just added in APWR. Thanks for your comment.

    Michael

    ReplyDelete
  4. Stocks100March 18, 2010 at 10:05 AM

    Hi Michael,

    APWR just tested 200 DMA @ $12.26..so far it has been OK......

    I have been averaging down in APWR..still my cost is $16.06...

    Good luck with APWR.....

    Saleem

    ReplyDelete
  5. madmaxMarch 18, 2010 at 11:45 AM

    SALEEM

    More green than ever

    WOW what a day

    regards

    ReplyDelete
  6. Stocks100March 18, 2010 at 12:15 PM

    Hi Madmax,

    Most stocks are RED on my screen ???

    Saleem

    ReplyDelete
  7. AnonymousMarch 18, 2010 at 12:25 PM

    Saleem,

    Purchased QID as insurance.

    ReplyDelete
  8. Stocks100March 18, 2010 at 12:37 PM

    Hi Victor,

    QID is great for insurance !!!!

    Saleem

    ReplyDelete
  9. madmaxMarch 18, 2010 at 12:58 PM

    SALEEM

    What I meant to say is GE , GNK and GS are green
    and can not be kept down

    I am so surprised as to there resiliency

    Cheers

    ReplyDelete
  10. standardshighMarch 18, 2010 at 1:39 PM

    Hi All,

    Ummph! This market looks tired. With this big vote coming over the weekend there could be some fireworks to the downside.

    Best Regards

    ReplyDelete