After evaluating all the analysts report on RIMM whole day , i decided to sell my entire position near close.........
RIMM guidance was a "major disappointment"......guidance for Q1 reflected poor execution despite all the talk i heard in CC......
It was time to move on for me......All companies have one purpose only "deliver what you promise" otherwise "credibility is shot with wall street & investor".......
Bought LULU @ $78.68.....
Portfolio is BAC,LULU,RVBD,TCK.......
Portfolio weighting as of close :
RVBD 38.26%
LULU 31.61%
TCK...16.19%
BAC...13.94%
All indices closed above 50 DMA, which is healthy indication for the market.
RSI for indices @ close are listed :
Nasdaq 53.84
S&P 500 54.58
Dow 57.37
Dow has gone UP six days in a row, which may need digestion...
Next post Monday around 1 PM.
BLOG does NOT give buy or sell.
Saleem
5 comments:
S
I believe we made good decision to get out of RIMM
LULU has lots of excitement --go LULU
I got BMY i liked the news of a cancer cure!
So i got some along with Tyson as Japan needs food. Let see if I made a good decision
'Good luck with LULU j Cramer likes it
I aslo got some oils
have fantastic weekend to all
Hi C,
Thanks for your feedback.
Good luck with your portfolio.
Enjoy your weekend !!!!
Saleem
S
Fantastic call on LULU
Up $4 wow
what a come back after RIMM
I got some BTU on the GS down grade BTU at $71.50
Did you get some POT?/
BIDU is rocketing I am looking at CAT too
Dunno what to do at this point
Cheers on your picks
Hi C,
I needed a "break today"....
Just sold LULU.
Bought JKS & POT.
Saleem
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