Indices are under pressure due to many negative development. First, level 7 designation for Japanese Nuclear issue, secondly AA ER ,third Oil & other commodities taking it on the chin......considering all that we are doing way better than Asian & European markets.
Oil Down $3.83
Gold Down $13.20
Canadian $ Down 54 tick @ 103.99
Internals are negative by 3 to 1....more new lows in Nasdaq.....
VIX UP 5.79% @ 17.55..kind of muted reaction to all the turmoil today.
In my portfolio :
Sold BIDU,JKS,RVBD, @ open........
Bought back BIDU @ $141.65
Added 110% POT @ $56.12
Bought LULU @ $88.10
Portfolio is BIDU,LULU,POT,SOL.....
Most stocks are down...
@ 1.41 following are green :
LULU,CMG,AAPL,NFLX,C,F,BWLD,PLCM,
AKAM,LEN,NVDA,RCI,ICE,VAR.....
BLOG does NOT give buy or sell.
Saleem
7 comments:
S
you are great thinker and stock picker......
I too tried to get some BIDU again
I bought BIDU at $141
LULU is a fantastic pick--GOOD one
I also sent a research paper on BIDU
Go LULU
Hi C,
Thanks for your feedback.
Good luck with BIDU & your portfolio.
Saleem
Saleem,
What are your thoughts on AGU vs. POT? I bought AGU after GS's downgrade a couple weeks ago...
Thanks!
Stocktrader
Hi Stocktrader,
AGU is much more diversified than POT.....
CMF is slightly more negative for AGU....but it is down less than POT.
POT is much more of a traders stock.
Saleem
Thanks for the input :)
Any ideas what happened to RVBD today? It has been really, really weak compared to some other tech hardware stocks. Only thing I can think of is CSCO announcement removes some chance of imminent buyout.
I obviously just bought Friday, but the action is disappointing today.
Hi Stocktrader,
RVBD is more than weak.....it traded 10.22 million shares & closed near lows of the day...
RVBD TAPE is telling me, that there is some serious concern in their Q2 business..either due to Japan or CSCO under-cutting or both.....this stocks has gone down in a straight line alongwith FFIV...a 30.83% slide......
Thus my decision to get out.......
Saleem
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