Tuesday, December 7, 2010

Disappointing close in indices......

Close today was weak.....

Reason for weakness is linked more to bickering within Democrats
which may derail agreement reached between Obama & Republicans.....

Tax agreement is extremely critical for this market going forward......any delay/changes will be taken as negative for market.

Internals of the market were positive even though we closed near low of the day.....

In my portfolio :

Sold RVBD

Bought AUY @ $12.69

Portfolio is AUY,JKS,LVS,SOL,AAPL,BIDU,FFIV,AMZN

AH NFLX down sharply as CFO is leaving

AH Futures Mixed

AH Asian markets Mixed

AH Oil,Gold,Silver Down

BLOG does NOT give buy or sell.

Saleem

2 comments:

c said...

SALEEM

whoa what a market yesterday
A real toughie!!!!1

I too bought AUY...
My Macy seems to be a dud-I will sell it to free up some funds

I bought LINE--I think oil and gas will soar in the next quater...
Best regards to all

Stocks100 said...

Hi C,

AUY will make us money again..it was upgraded yesterday.

Oil is in pullback mode now..so time your purchase properly.

Good luck !!!

Saleem