Indices were dealt with many negatives, but by close there was a sense of capitulation.
Internals of the market were as follows :
Down volume led by 2.09 to 1 in NYSE & 3.51 to 1 in Nasdaq
Declining stocks led by 2.95 to 1 in NYSE & 3.27 to 1 in Nasdaq
New 52 wk low led by 43 to 24 in Nasdaq & were slightly positive in NYSE 24 to 22
All of the above stat gave a sense of capitulation in market........
AH ER RVBD gave a jolt to negativity in cloud stocks which were beaten down to the tune of 30%. RVBD pre-announced a positive ER...a rarity.......It was a beat in both Sales & EPS. Stock UP 13.84% closing AH @ $35.20.
Other cloud stocks also jumped in sympathy APKT UP 3.01%, FFIV 1.87%, ARUN 5.40%......
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold & Silver UP
My portfolio & $ weighting are BIDU 24.55%, LULU 37.38%, POT 27.41%, SOL 10.66%
BLOG does NOT give buy or sell.
Saleem
10 comments:
GOOD MORNIG TO ALL
wow JPM was a a huge beet
POT and BIDU GREEN
I was thinking of LULU in pre market?/
thoughts?
thanks
Hi C,
LULU has lot of shorts in it..they will be "squeezed"..just like NFLX....
Go for it !!!!
Saleem
Saleem,
I got LULU at $90.49
Most banks are up today on JPM news!
BIDU is a WINNER!!
Look at RVBD--wow
best to all
Hi C,
Market looking good $$$$$
RVBD is flying without me....
Saleem
SALEEM
I am sorry that we both missed RVBD---
Loos at this oil video if ya got time
EVEP is a play that I did very well withLink to video.
http://finance.yahoo.com/blogs/breakout/...
I do not like J Mackey but video is good never the less
Hi C,
Saw the video......
Never watched breakout..but will keep an eye.....
Saleem
Saleem,
I doubled down on RVBD yesterday at 31.5. However, after saw your note, I sold AH (before the news) with a small loss. Anyway I still kept a big portion of it. It is really a mind game. You have to be strong to win in this market. It is getting tougher. I am still trying to recoup after a big loss on RIMM and FFIV + RVBD. The good thing is, I am still positive for this year.
I saw you entered LULU @78, got hesitated and missed the chance. How far do you think LULU will fly? Thanks as always.
Michael
Saleem
I want to ask if we
should take our profits in BIDU and LULU
WOW what a run up
Thanks
Hi Michael,
RVBD was a loss for me also....There is a problem of Q2 with many company including AAPL,RVBD.....
RVBD guidance may not be good sequentially speaking on Tuesday AH...i think RVBD will be fine for Q3 & Q4...so any selloff I may be back.
LULU has a Breakout @ $93.24 with a target of $102.50 from www.stockconsultant.com
It is important to keep moving in the right direction..FFIV,RVBD was unusual situation......still there is money to be made in many stocks.......
Good luck with your decision on LULU !!!!
Saleem
Hi C,
IF you want..go ahead book profit.
I am keeping BIDU & LULU a little longer !!!!!
Saleem
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