2nd week of "infamous MAY" is starting on right footing.All indices closed green.....
Internals were positive all over....
There were many new 52 wk highs today, 132 in NYSE & 79 in Nasdaq.....
After close Margin requirement is being increased in Oil Futures, effective Tuesday Open......are they starting a "silver strategy in Oil"......
Stock which were UP 2% or more included LULU,APKT,POT,SCSS,
SLW,PLCM,NFLX,AMCC,
FNSR,EBIX,NVDA....
AH ER RAX Down 2.36%
AH Futures Mixed
AH Asian Markets UP
AH Gold & Silver UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
9 comments:
S
I would think that a margin cap on oil is a good thing
APKT will rock today --wow up 1.74% pre market
When will I ever get even in BIDU?? :)
J CRAMER say stay away form China stocks....! He flip flops a lot
Get some FCX I think it will rock
JMHO
Hi C,
I sold APKT already....
BIDU needs basing time.
Chinese stocks are tough to trade IF you miss momentum.
Saleem
Saleem
Congradualtion on a fast move with APKT--wow
FCX made a good mover then sold off--so tipical
LULU is GREEN for me SMOOTH
Should we hold SINA thru earning ??
have a great day
RENN is too volatile. Rumors are creating panic.
Do you think it is time to pull the trigger.
Thanks
Paramjeet
Hi C,
SINA should be OK for earnings ..i am holding.
Saleem
Hi Paramjeet,
YES..RENN is in a downtrend for now...
IF you are uncomfortable..you should sell.
I am holding RENN..for now.
Saleem
Saleem and All
J Cramer says run for RENN
that could be the reason for sell off--he claims that they had funny finances! :) he blows hot and cold -- to much at times
SINA is pounded--ouch
BIDU is down in sympathy too
regards
Hi C,
Cramer has a right to his opinion...BUT my opinion is generall different than Cramer most of the time....
I tend to think OPPOSITE of Cramer...
SINA is being pushed down to ER on Wed AH...Wed it should be UP before & AFTER...hopefully.
Saleem
Saleem,
Thanks for comments on RENN. Bought RVBD @34.51.
Will wait to see how RENN closes today.
Paramjeet
Post a Comment