Wednesday, March 2, 2011

All Indices closed green.....NICE !!!!

Indices closed green despite Oil closing above $102.....

Many participants of this market are failing to see the "clear message".

This is a strong bull market, but traders like Doug Kass are on the wrong side of the TAPE for months .....maybe they have not heard of few famous wall street mantra's..like "never fight the TAPE & NEVER fight the Fed"......Mr Kass issued his 1000th alert today for market "definitive Sell signal"..he issued his 1st Sell when S&P 500 was @ 1000....and since then has issued weekly sell on CNBC & @ street.com

Internals of the market were positive all around......only strong markets turns UP in the face of extremely negative news like Oil @ multi year high & snaps back same day......

Stocks which closed green included RVBD,PLCM,CMG,AMZN,
AAPL,BIDU,MA,V,CNQ,CIEN,FNSR,NVLS,CCME,SOL....


VIX closed down 1.48% @ 20.70

In my portfolio :

Sold FFIV

Added 60% RIMM @ $65.85 which is now 43.16% of my portfolio....

Portfolio is F (12.99%),NVDA (7.72%),RIMM,RVBD (36.13%)....

AH Futures UP

AH Asian Markets UP

AH Gold Down

AH Oil UP

BLOG does NOT give buy or sell.

Saleem
at

7 comments:

  1. cMarch 3, 2011 at 6:56 AM

    SALEEM

    great stock picks

    How awesome is that
    SLW is down for me RVBD is up
    Was thinking of adding more RIMM here-thoughts

    again great picks
    I still like BHP and CTL PCH

    ReplyDelete
  2. Stocks100March 3, 2011 at 7:07 AM

    Hi C,

    RIMM business is on the verge of beating estimates..which is a good thing.

    RIMM targets are as high as $100 by BMO TODAY up from $90.....last trade $66.74....

    Go for RIMM $$$$$

    Saleem

    ReplyDelete
  3. cMarch 3, 2011 at 7:12 AM

    Thanks my friend

    appreciate all that you do for us

    I will nerve take you for granted

    I was looking at the tankers --still no good-IMHO

    Love my 75 shares of APPLE

    Here I come RIMM
    thanks again

    ReplyDelete
  4. UnknownMarch 3, 2011 at 8:09 AM

    Hi Saleem,

    I bought JKS after earnings @ higher price. Solar stocks are not performing well. Should I wait or stop loosing more?

    I have RIMM MAR calls in negative terrotory so far. Let's hope to get into +


    Nag

    ReplyDelete
  5. Stocks100March 3, 2011 at 8:16 AM

    Hi Nag,

    I find solar stocks to be extremely unpredictable..no matter what the news is.....

    For JKS if it holds above $25.36 which is low of today..you should be OK.....

    RIMM is powering UP big time $$$$$

    Saleem

    ReplyDelete
  6. cMarch 3, 2011 at 9:48 AM

    SALEEM

    Does RVBS have more room to romp??

    My SLW is at brake even al gold and silver are down

    best to all

    ReplyDelete
  7. Stocks100March 3, 2011 at 10:06 AM

    Hi C,

    RVBD has lot of romm on the upside..RVBD had a breakout @ $42.68 target is $46.72 as per www.stockconsultant.com.

    SLW is showing relative strength..you would have lost money with ABX or AUY you were looking @......

    Saleem

    ReplyDelete