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
10 comments:
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
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
SALEEM
I did not see the article about BIDU slower growth
OUCH!!
Yeks is the article true??
Best regards to all
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
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
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
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
Hi Victor,
Have not followed MSB ever.
Saleem
Victor
so sorry I have no experience with that stock
good luck on your decision
m
Thanks for your input.
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