Thursday, November 18, 2010

Market back on track,UP almost 2%...NICE !!!!

Indices are UP from 1.69% to 2.02%,Nasdaq being the strongest.

Gold UP $14.20

Oil UP $1.28

Canadian $ UP 56 tick @ 98.28

In my portfolio :

Sold SOLF

Bought KGC @ $17.80

Portfolio is AGU,BIDU,FFIV,KGC,WYNN

Most stocks are UP....

BLOG does NOT give buy or sell.

Saleem
at

8 comments:

  1. cNovember 18, 2010 at 9:32 AM

    Saleem
    I like AUY and HL can you expalin your reasons for buying KGC

    thanks

    ReplyDelete
  2. Stocks100November 18, 2010 at 9:43 AM

    Hi C,

    KGC has stronger gold production profile & price was right !!!!

    Saleem

    ReplyDelete
  3. cNovember 18, 2010 at 9:45 AM

    SALEEM
    you are so spot on
    I got some HL I guess that I liked it buy recommendation to much
    Should I switch to KGC??

    thanks, welcome back to us!

    ReplyDelete
  4. Stocks100November 18, 2010 at 9:53 AM

    Hi C,

    I have not followed HL closely..so cannot compare.

    Saleem

    ReplyDelete
  5. MichaelNovember 18, 2010 at 10:49 AM

    Hi Saleem,

    Do you think we are out of the correction phase yet or it is just GM effect for 1 day?

    Got some KGC at 17.89.

    Michael

    ReplyDelete
  6. Stocks100November 18, 2010 at 11:08 AM

    Hi Michael,

    Today is a good start for this bull....but it is never easy...

    IF you have good portfolio..you will do better than market.

    KGC was bargain priced !!!!

    Saleem

    ReplyDelete
  7. MichaelNovember 18, 2010 at 11:23 AM

    Saleem,

    Thanks for your comment.

    I sold SOLF as well. My portfolio includes: BIDU, KGC, AGU, FCX, FFIV and material ETF, UYM. FFIV is so strong today.

    Michael

    ReplyDelete
  8. Stocks100November 18, 2010 at 11:26 AM

    Hi Michael,

    Good stocks will "recoup" faster than weak ones...which we learn everyday...

    You have very good diversification.

    Saleem

    ReplyDelete