Markets in US is faring much better than Asian markets.US is immune to Japan current crisis and MAY benefit economically with more EXPORTS.
Dow was Down almost 300 points @ low of the day @ 11696.25, currently down 177 points.
RSI went to almost "fire sale" level today.When i checked RSI they were :
Dow 35.94
S&P 500 35.55
Nasdaq 33.88
These reading were not the lowest level today..low must be lower than these. As i am a firm believer in RSI signal.....it was / IS a screaming buy. CNBC will never monitor these signal.They thrive in creating PANIC selling which boost their rating / ad revenue.
Oil Down $2.48
Gold Down $27.20
Canadian $ Down 78 tick @ 101.89
VIX UP 11.45% @ 23.55
In my portfolio :
Bought MU @ $10.00
Bought BIDU @ $118.99
Bought POT @ $53.48
Portfolio is BIDU,MU,POT,RIMM,RVBD.......
Most stocks are Down
@ 12.38 following are green :
MU,POT,RVBD,SOL,JKS,TSL,STP,HSOL,
JASO,PLCM,CMG,NFLX,CRM,AKAM,MOS,
F,FFIV,LEN,EBIX,ECA,CSIQ,CTRN,SPWRA,
FSLR.....
BLOG does NOT give buy or sell.
Saleem
S
ReplyDeleteVery GREAT buys
I followed with a buy BIDU
and I may get more of POT as I already have 300 shares
at $59
I guess I amy average down
WOW what bargains
Cheers to you and all
Hi C,
ReplyDeleteYes..everything went on "fire sale" this morning.
Good day to average down or buy strong stocks.
Good luck with your buys !!!!
Saleem
Hi Saleem,
ReplyDeleteDo you think JKS still has more room to go up? I was in at mid-29.
In a panic I sold RVBD & AKAM at open which really did well by close. I still have LULU & RIMM which I was in yesterday.
Also, what are your thoughts on AMZN & GOOG?
Thanks for your advices,
Nag
Hi Nag,
ReplyDeleteLULU reports Thursday AM..should be a good one.
GOOG is looking much better than AMZN.
AMZN is facing many TAX issues in some states & they are pulling out.Also getting into NFLX territory which increases expenses big time.
Saleem
Hi Nag,
ReplyDeleteSorry..forgot about JKS.....it is a good hold..with time it will cross your purchase price.
Saleem