Indices were subjected to serious profit taking,closing down max .81%.S&P 500 was the weakest.
Nobody paid any attention to Nasdaq making another high today to 2592,closing @ 2562.
Internals of the market were decidedly negative,all this on higher volume....
So, Fast Money crowd becoming Panic Money in a flash..loading on Puts.....
Today's TAPE was "not unexpected",we were overdue for a 1.5 day correction & we are getting it......
RSI in Indices have come down in a big way,as listed below :
Dow 66.49
S&P 500 68.15
Nasdaq 73.08
As we are in a strong bull market,pullbacks should be bought.
Stocks which closed green today included PCLN,VMW,POT,
CCJ,ISRG,LDK,DQ,MCP,REE,MOS.....
On a day like today,i do look @ my portfolio & try to better position it; based on changing focus....
Sold AKAM... reason headline risk
Added 30% EBIX @ $25.49 based on their CC
Bought WYNN @ $114.78..has not done much since ER & announcement of $8 dividend payable to stock holders on Nov 19....also RSI much lower than LVS @ 68.87....
Portfolio is AGU,EBIX,SOLF,WYNN
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Good Morning SALEEM
Looks like a red day to me
I just turned the PC on
I sold some KO and have a low ball in for BIDU
Ford is OK-UP Believe we will see$20 soon
I am at a loss as to sleeing my 100 shares of AKAM00I liked it story but netflex rules here
AAPL is on sale today, aas is AGU
Is AGU a better trade than BIDU or??
Please make a suggestion as you are spot on
thanks a million
Best regards to all fellow bloggers
Hi C,
AGU is a much better buy !!!
Saleem
SALEEM
story on AKAM
http://www.benzinga.com/analyst-ratings/...
Goldman Sachs has published a research report on Akamai Technologies (NASDAQ: AKAM) following the results regarding the Netflix (NASDAQ: NFLX) account.
In the report, Goldman Sachs writes "We believe the shift is about economics, not capabilities. We strongly believe that there are no video performance issues at Akamai. To the contrary, our latest conversations with large media customers have tended to highlight Akamai's superiority on multiple fronts. We believe that Akamai may choose to forego less-profitable volume relationships, given the company's much higher margin profile relative to competitors, driven by its portfolio of differentiated value-added services."
Goldman Sachs maintains its Buy rating and $60 price target. Rating :
(7 Ratings)Rate it:
Hi C,
Good report by GS on AKAM....all this was part of my analysis & the decision to sell AKAM....
Saleem
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