Indices were subjected to another selling pressure right @ open....but if you look @ closing number..you will wonder what the fuss was all about.....BUT some traders are in panic mode..so they sell @ every negative open.....instead of buying.....
Internals were positive today after three day of negative internals......
Shorts are still left with few coins..so they keep their "busted" drum rolling..Adami is never right BUT keeps hoping for S&P 500 below 900...keep dreaming......but do not lose everything in the process....
Solar stocks took a serious pounding based on FSLR lowered Sales guidance....
Stocks which were UP 2% or more included BIDU,EGO,RIMM,
SLW,ASIA,EXPE,POT,IAG,AMCC,FUQI.....
In my portfolio :
Bought SOLF @ $9.44
Portfolio is BIDU,BCSI,EGO,LRCX,SOLF
By noon Saturday..will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem, Just wondering you never seem to use puts to protect your long positions any reason why? love your blog!!!!!!
Hi Charlie,
Thanks for your feedback.
About puts.....
It depends on your own comfort level & trading style...it is OK to do any strategy if it gives you comfort & return....
I generally look @ market first then stocks....I feel that puts are another expense which reduces my return or increases my cost....
I believe in $ optimization plus go in & out of stocks very frequently..so puts have no role....
We are all different in trading /investing style & do things which works for each of us....
Saleem
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