North & South Korea are @ it again,old enemies looking for another fight......
Indices are down up to 1.69%.....
Gold UP $16.80
Oil Down 77 cents
Canadian $ Down 62 tick @ 97.52
In my portfolio :
Sold KGC
Sold EGO
Bought AAPL @ $309.30
Bought JKS @ $25.77
Portfolio is AGU,FFIV,JKS,AAPL,WYNN,BIDU....
Most stocks are down.....
@ 12.26 following are green :
JKS,CRM,NFLX,M,SNDK,JASO,CRUS,LULU,
ABX.....
BLOG does NOT give buy or sell.
Saleem
7 comments:
SALEEM
Nice to book a gain on a lousy day
AAPLE is a good one to get
do not know is SOLAR is a safe bet?
Cash is king when war looms
Korea is at it again
Yeks
PS I got an order in to sell HL
Phew the market is moving fast!
bets regards to all
Hi C,
JKS is behaving better in a lousy tape....
Gold & silver stocks did not jump as much as i expected???
Saleem
SALEEM
good call on the gold silver stocks
thanks for your reply'
Saleem,
JKS was at 41 not long ago. Started a small position in JKS at 25.5. Today is not too bad. FFIV was showing strength. BIDU has been a little weak lately. AGU behaved very well with a downgrade at pre-market. Overall, I am happy, since the artillery attacks from North Korea did not do much damage to my portfolio. However, I have sympathy for those lost Korean soldiers. I am watching AAPL for a good entry point.
Thanks for the new position in JKS.
Michael
Hi Michael,
JKS looks ready to move UP.
Also added LVS @ $49...RSI is @ 57.92....came down from 87.....
BIDU should move UP now.....
Saleem
Saleem,
Do you know much about David Rosenberg and his credibility? According to David, the market will retrace till the end of the year....
"Based on momentum and sentiment extremes achieved at the nearby highs, it seems likely that the stock market will be on a declining path, at least through year-end," David Rosenberg, economist and strategist at Gluskin Sheff in Toronto, wrote in his daily analysis.
Rosenberg cited five factors conspiring against the markets: China monetary tightening amid inflation fears; a rescue plan for European debt not working; fiscal austerity in the US with the political change coming when the new Congress takes over in January; gasoline price hikes; and questions over whether a slew of tax breaks will be extended.
An intensification of even a few of those factors likely would further dampen investor enthusiasm for the market.
"Most pundits believe we are in a cyclical bull market but that is not the case-it has been a sideways market now for over a year," Rosenberg said. "Moreover, after testing support in July, the market hit resistance levels in November, so it would seem logical to expect the index to make a run at the low end of the range. The only question is whether support will hold up once again."
According to him, it seems that we would see S&P @ 1010 again.
Michael
Hi Michael,
@ one time i knew David Rosenberg very well..but that was long time ago.....
David has become a "perma bear" who has predicted 840 in S&P 500 repeatedly on CNBC.....
Need i say more....
Saleem
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