Indices are mixed today with Nasdaq showing technical strength by making "higher low", while S&P 500 & Dow making a "lower low"...this is signalling that "tech stocks" will lead the market......
Oil Down $7.38
Gold Down $34.60
Canadian $ Down 86 tick @ 103.43
VIX 16.90 Down 1.05%
In my portfolio :
Sold POT
Portfolio is APKT,LULU,SINA
Most stocks are UP
@ 1.18 following are RED :
RENN,NTES,POT,PCLN,AAPL,POT,
USO,CNQ,SU,AMZN,SLW,GS,MOS,
IBN,MA,V,TCK,BAC,GG,IAG,ECA,
CCJ,AEM.....
BLOG does NOT give buy or sell.
Saleem
6 comments:
SALEEM
is POT in trouble?/
I am at about an 8% loss--red
I did buy some FCX and EVEP
still holding SINA LULU and BIDU which I bought at $152--yeks -what a correction
Hi C,
POT tape is not healthy..that is why i am out.
Saleem
Saleem
Should I sell it
I have seen POT fall off the cliff and am mighty angry that it has not come back up
IT has suffered over sold due to the past sell off
thanks for your feedback
Hi C,
YES..POT needs to be sold imo.
Saleem
Saleem,
Here comes the "MAY go away" that I was so dreaded about. I have been 100% on cash since last Friday and will remain so till the market condition improving. I saw you did an excellent job on APKT with a few quick rides up.
SINA at 116 is an excellent entry point. However, I decided to stay on the side line. I think the correction is not over yet. I may be wrong. LULU is strong today.
I am looking at the entry point for silver or gold. Do you think it is still on the way down? Thanks.
Michael
Hi Michael,
It is important to follow your OWN comfort level all the time.
Market focus is diferent from stock focus...
I keep an eye on indices....BUT focus more on stock prices...sometimes stock prices are more important than anything else.....
Gold & Silver are not an investment anymore....it could be a "daytrade" @ best....
Both Gold & Silver are "technically broken"...that is why i did not touch it for a long time....you also have to be careful in bargain hunting...they are cheap for a reason ?
I personally happy with more right than wrong..which works out in the end.
Saleem
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