Thursday, June 3, 2010

Minor pullback ahead of jobs report.....

Indices are mixed ahead of jobs report......Nasdaq is trying for green 2 days in a row....Dow went above 200 DMA while S&P 500 missed it by a hair.....

CMF in Indices going green....

Jobs report is expected to be "superb" which should propel this market higher.....

Gold Down $17.20

Oil Down 27 cents

Canadian $ Down 32 tick to 95.73

In my portfolio :

Bought SOLF @ $7.08

Portfolio is CRUS,LVS,NVDA,SNDK,SOLF,TCK.....

@ 12.49 following are green:

CRUS,LVS,SOLF,RVBD,CNQ,ASIA,GOOG,JDSU,
BCSI,WDC,SOHU,ISRG,MA,V,TSL,TER,PIR,FMCN,
SINA,SNDA,CTRN,LULU,IGT,FSLR,VAR,FWLT.

BLOG does NOT give buy or sell.

Saleem

2 comments:

Michael said...

Saleem,

Good move on SOLF. You have a strong portfolio. I wonder why you picked SOLF among other solars?

Michael

Stocks100 said...

Hi Michael,

SOLF had the biggest beat in EPS among solars PLUS they are benefitting big time from the collapse of Euro as they are most aggressively hedged....

Other solar EPS were severely impacted by Euro collapse including TSL,CSIQ,STP....

Most important SOLF was trading @ 6.99 PE vs 8.27 PE for TSL for 2010.....as of last night....

Combination of all ..was a "screaming buy" for SOLF !!!

Saleem