Monday, May 3, 2010

Almost 1.5% jump in Indices...NICE !!!!

Indices are showing their "bull run" by tagging another 1%+++ move UP.....

Economic news are getting better & better......

China is clamping down on runaway inflation by increasing bank reserve for the third time....thus less money available for lending...thus putting pressure on Commodities....

Gold UP $5.90

Oil UP 71 cents

Canadian $ UP 52 tick to 98.75 US cents for 1 CAD.....

Portfolio is CIEN,RFMD,RIMM,TER.....

Most stocks are UP

@ 1.20 following are RED :

TCK,AUY,POT,MS,SOL,TC,NTES,AA,
IBN,IPI,CMED,V,NVDA,GG,X,GAME,
AGU,VXX,QID,AEM,ABX....

PS.....Post was delayed due to overseas phone call.

BLOG does NOT give buy or sell.

Saleem

2 comments:

c said...

Saleem

May want to nibble on BP?

I have some old shares. I like the tech stocks and I can not afford to get a big posiiton in APPLE
So I look at the other tech plays for comfort. MU is my memory paly for APPLE. It has come back a little.
I boughe KO and MCD and MCD is flying for me--I see $100-Hope
Cheers to all
thanks Saleem for a real great insights and keep em coming!!!

Is your Mother OK and any plans for Mothers day?

Stocks100 said...

Hi C,

Thanks for your feedback.

MU has pulled back..so should be ok going forward.

Tech is outperforming alomgwith retail.....

MCD is a good stock.

Mother is in MI these days with younger sister....@ 81 she has her health challenges on a daily basis..she is going for test today...

I talk to her @ length.....

Thanks for inquiring about my mother..much appreciated !!!

Saleem