Wednesday, May 11, 2011

Indices Down 1.32% to 1.42%........

Indices are reacting to many things, first Chinese Industrial output was slower than expected..which is sparking fear about "less demand" for many commodities. US trade deficit also playing a role in today's selling.

Oil Down $4.56

Gold Down $12.00

Canadian $ Down 40 tick @ 104.06

VIX UP 6.66% @ 16.97

In my portfolio :

Sold APKT

Added 35% SINA @ $115

Portfolio LULU, RENN,SINA...

Looks like RENN has finally found support today.....IF we do not break $13.04?

SINA reporting AH, expecting a beat & guide UP..expectations are Sales $95.49 million EPS 27 cents..consensus for Q2 is Sales $115.74 million & EPS of 40 cents.....

Most stocks are down....

@1.31following are green :

LVS,CMG,JKS,BAC,M,CREE,NFLX,
NVLS,EBIX,SNDA...

BLOG does NOT give buy or sell.

Saleem

6 comments:

c said...

S

what happened to APKT??
thanks

Stocks100 said...

Hi C,

Nothing happened to APKT..i always have a sell order @ my price & same for buying..I hit my sell price after open....waited to add SINA....

Will be back in APKT soon !!!!

APKT is extremely volatile ..wait till it hits your sell price...it is ready for breakout also @ $84.54 with a target of $94.42.....so be patient.....

Saleem

c said...

S

PHEW

WOw that scared me for a moment

So Manny of my beloved stocks are down--yeks

thanks for your kind thought's

c said...

Saleem

good evening to you

J Carmer says the the margin change for oil stocks made the market go down -- as in sell off..

All commodities took a hit

have a good night as SINA is rising in the after market

c said...

Good afternoon

I got more INTC and APKT

still got BIDU

Stocks100 said...

Hi C,

BIDU is near its lower trading range....should be good from now on.

Good luck with APKT...runs like crazy but UP & Down.

Saleem