World markets have slightly negative bias on Monday.
Toronto closed Down 23.95 to close @ 13440.11
Gold Down $1.20
Oil Down 60 cents
Canadian $ UP 32 tick @ 101.31
In Toronto following stocks closed :
RIMM UP 75 cents
OTEX UP 54 cents
RY UP 8 cents
TD Down 7 cents
POT Down $1.51
AGU Down 49 cents
ABX UP 29 cents
AEM Down 26 cents
GG UP 30 cents
CNQ UP 13 cents
SU Down 19 cents
AH Futures are Down ..Dow -20.38,S&P 500 -3.99,Nasdaq -30.28
Nasdaq Futures is sharply Down due to surprise announcement
by AAPL that Steve Jobs is taking medical leave.....this is the third time
that Steve Jobs has done that....1st 2 years , 2nd 6 months,3rd time unknown ???
Steve Jobs is admired by millions including me,we all should be praying for his health & speedy recovery,stock gains or temporary loss should not be a point to ignore Steve Jobs well being.
Steve Jobs is a living GENIUS,who has no comparable in modern worldwide Technology scene.
About AAPL stock,it will be another BUYING opportunity & +- 50 DMA is an excellent entry point.....
AAPL reports AH Tuesday & it will be a stellar ER,which should counter-balance any weakness during regular trading hour.
YES..there is a HUGE premium of Steve Jobs in AAPL price ,some say it is $25 Billion...BUT only TAPE will decide what will be the reaction in US on Tuesday.
AAPL closed @ $324.49 in Europe, Down $23.99 from close of $348.48.
50 DMA is $321.54......MAY touch $318 area.....
C reports before Open.....should be a beat.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Oh My God
S JOBS is sick again
Ah Oh
Really sad to see Mr Steve taking medical leave. He is one of the smartest individuals who has changed the shape of the technology world.
I wish him good health.
I will certainly look for buying apple stock below @320.00.
Happy trading and investing Everyone.
Thanks
Paramjeet
Hi Madmax & Paramjeet,
Steve Jobs is an icon & genius.
Respect he has earned through innovation & marketing.
Saleem
Hello to all
Good Morning
Apple is pre market is down $10
I will buy if if drops below $320 too
Lets wait and see what happens today--CNBC was very negative on the news about apple.
I personally own most of the apple products and love them to pieces, so does my daughter
Apple made many of into techo want a bees! :)
Good luck to all
Poor CITI bank reported earning at a disappoint plus:
Three years after bad home loans helped trigger the recession and six weeks after the government cashed in the last of its $45 billion Citigroup investment, the New York-based bank is still selling mortgages that violate quality standards, according to an internal Freddie Mac review obtained by Bloomberg.
Fifteen percent of the performing loans Citigroup sold to the government-owned mortgage-finance company in the second half of 2009 and the first half of 2010 had such flaws as missing appraisals or insurance documents or income miscalculations, according to the review of 375 mortgages. The target for defects should be about 5 percent, said Tim Rood, a former executive with Freddie’s sister agency, Fannie Mae, and now managing director at Washington-based advisory firm Collingwood Group LLC. .
THIS IS NOT GOOD
I am glad to be out of C and other financials. Will get in when the dust settles.
I can feel the market correction coming in tune of 5%-10% before resumption of the bull run.
Thanks
Paramjeet
SALEEM
I bought some MGM $16.72
SALEEM
Upgrade on MGM:MGM Resorts International (MGM) was upgraded by Citigroup from Sell to Hold. Citi cited that Las Vegas is showing signs of recovery, which spells good news for MGM's numbers. In addition, the Nevada based corporation recently refinanced its debt in Citycenter Holdings LLC.
Hi Madmax,
NOT bad @ all that AAPL low today was $326..now $335.....holding much better than what i thought.
Good luck with MGM.
Saleem
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