Indices are on hold till next buying kicks in......
Dow is below 50 DMA.....
Oil UP $1.17
Gold UP $4.20
Canadian $ Down 5 tick @ 102.13
VIX Down 2.67% @ 20.06
In my portfolio :
Added 35% BAC @ $13.97
Portfolio is BAC,RIMM,RVBD,TCK.....
Portfolio weighting as of now is BAC 11.44%, TCK 12.62%, RVBD 29.25%, RIMM 46.69%
Most stocks are Down...
@ 1.14 following are green :
BIDU,AAPL,GOOG,LULU,LDK,PLCM,
NFLX,GS,AKAM,CCJ,FMCN,RCI,SINA,
CTRN,CSIQ,ICE,JRCC,NTES,AEM,NYX,
GAME,GNK....
BLOG does NOT give buy or sell.
Saleem
8 comments:
Saleem,
You still have more than 75% in Tech (RVBD+RIMM). I thought you said in the previous blog that we should reduce the expose in Tech. Cramer and others just confirmed that. I have 50% in Tech now. Thanks for your input.
Michael
Hi Michael,
YES..you are right about my "current" exposure...
Before i had more exposure...that is the reason i sold MU & BIDU...
RIMM & RVBD i am holding the same shares for a while....
As you have noticed that i added TCK & BAC since my change in focus from overweight tech to market weight.
Also keep in mind..i am extremely bullish in RIMM...which may explain my higher exposure.
Saleem
Saleem
Do you think that RIMMS tablet will be a success??
It will come out soon--is this your catalyst for RIMM?
I have RIMM too, TCK, Citi, SLW apple POT NLY etc.
thanks every one I love sharing ideas
Hi C,
RIMM business model is going to go in "overdrive"...many catalysts which i have listed before....
Plus it is trading @ below market multiple.....
Saleem
S
thank you very much
RIMM has been under pressure for awhile now
Best to all
Saleem,
Thanks for your explanation. I may want to sold the rest of FFIV and double in RIMM. FFIV will be under dog for awhile until after its ER in April. People will not buy FFIV now, but RIMM is another thing. Thanks.
Michael
Hi C,
Every so often..many companies are under pressure for "good reasons"
RIMM was "punished" for being "too slow" in making new & exciting products.......
BUT..that is in "rearview mirror"
Saleem
Hi Michael,
Cloud stocks are "under pressure"..so being underexposed in that sector is highly recommended...
That was the reason i kept RVBD & sold FFIV......as TAPE was faltering......
Good luck with RIMM..it reports Thursday after close......
Saleem
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