Wednesday, December 15, 2010

Indices closed down......

All Indices closed down....

Reason for negative TAPE for 3 days is "overbought condition","profit taking for year end" & "Option Expiry"

Generally when TAPE is negative for 3 day's,technical rebound is to be expected.

Internals of the market were as follows :

Down volume led by 3 to 1 in NYSE & 2 to 1 in Nasdaq
Declining stocks led by 19 to 10 in NYSE & 15 to 10 in Nasdaq

These are NOT extremely negative numbers, BUT in a bull market ,it may be enough to get a technical rebound....

Many stocks have come down substantially in the last 3 day's,so buying on weakness may not be a bad idea.

In my portfolio :

Sold BIDU

Sold 40% JKS

Doubled my position in FFIV @ $130.36

Portfolio is FFIV,JKS,SOL,RVBD,AUY,AAPL,AMZN......

AH Futures Mixed

AH Asian Markets Mixed

AH Oil,Gold & Silver Down

BLOG does NOT give buy or sell.

Saleem
at

10 comments:

  1. madmaxDecember 16, 2010 at 5:53 AM

    SALEEM''

    the hit that BIDU took is so unfair

    I will hold unless it takes a hit today

    thanks for your hard work my friend

    Cheers to all--good fortune to all

    ReplyDelete
  2. Stocks100December 16, 2010 at 5:58 AM

    Hi Madmax,

    When CEO is projecting "slower growth in Sales & EPS"in 2011..it is a MAJOR shift.

    Good luck with your strategy with BIDU.

    Saleem

    ReplyDelete
  3. madmaxDecember 16, 2010 at 6:50 AM

    SALEEM

    I did not see the article about BIDU slower growth
    OUCH!!

    Yeks is the article true??

    Best regards to all

    ReplyDelete
  4. Stocks100December 16, 2010 at 7:15 AM

    Hi Madmax,

    It was all over the place in IBD,Schaeffers.com & all news wire.

    CEO of BIDU was in a conference yesterday.....in China

    BUT..BIDU seems to be holding well now.

    Saleem

    ReplyDelete
  5. madmaxDecember 16, 2010 at 7:18 AM

    SALEEM
    I am so sorry

    I was not question you

    I work and travel back and forth so I miss all the news

    It is such a difficult task to keep up

    I do try
    So I may sound like a ninny or that I that I live under a rock

    so sorry

    ReplyDelete
  6. AnonymousDecember 16, 2010 at 8:00 AM

    Saleem, Max -

    Take a look @ MSB. It's getting hammered on a IBD article. Might be a good time to take a position. What do you think??

    Victor

    ReplyDelete
  7. Stocks100December 16, 2010 at 8:43 AM

    Hi Madmax,

    Few suggestion for news in your portfolio IF you have not done it.

    Set up your portfolio in yahoo finance..it ask for # of share ,price paid & date purchased...you can skip all this info just list your stocks....it will give you all the news 24/7 in that page.

    Second in your brokerage account there is an "ALERT" feature..list all your stocks in it..it sends you email alert whole day based on your settings.

    Set up your portfolio in Google finance & it will give you all the news in that page.

    I have all these set up and get alerts in my email whole day plus read news in yahoo & google ONLY about my portfolio.

    You can access all three from your PC & smartphone no matter where you are.

    Hope it helps.

    Saleem

    ReplyDelete
  8. Stocks100December 16, 2010 at 8:45 AM

    Hi Victor,

    Have not followed MSB ever.

    Saleem

    ReplyDelete
  9. madmaxDecember 16, 2010 at 8:54 AM

    Victor

    so sorry I have no experience with that stock

    good luck on your decision

    m

    ReplyDelete
  10. AnonymousDecember 16, 2010 at 8:59 AM

    Thanks for your input.

    ReplyDelete