Indices are down about .5%.
Internals slightly negative.
European debt is causing latest negativity.
Gold UP $5.80
Oil UP 76 cents
Canadian $ Down 2 tick @ 102.27
VIX Down 1.42% @ 18.01...signalling a green close ?
Portfolio is APKT, CCJ, LULU, SVM, TZOO
There was a technology conference on "cloud computing" today from 9 AM..all cloud stocks were under pressure from open. I will listen to APKT presentation which was @ 10.45 AM...stock was down $2.80 before presentation....?..presentation is replayed after 3 hrs of original time.
Most stocks are down
@ 1.25 following are green :
SCM,NFLX,SLW,AG,CNQ,SU,GOOG,SINA,
VMW,SOHU,CRM,MOS,IBN,FNSR,EBIX,
NVDA,TCK,RCI,GG,ECA,NTES,PWRD,
AEM,ABX,SNE....
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
APKT got initiated with an underperform today at Raymond James. That was the reason for the morning weakness, but it's a bit stronger since the conference presentation. I'm still holding :)
Stocktrader
S
I am holding also
thanks
Hi Stocktrader & C,
I listened to the presentation & did not like the technical breakdown in APKT.....
It went below 50 DMA in a hurry & stayed there....
I sold APKT.
Saleem
I'm still short the market.
Victor
Hi Victor,
SO FAR..shorting the market has been correct......
Good Luck !!!
Saleem
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