Indices are down about 1% on growth fear.
Internals are negative 2.5 to 1
Indices are @ lowest point before recent rally & testing the lows.....
Oil Down 93 cents
Gold Down $15.90
Canadian $ Down 55 tick 103.30
VIX UP 6.99% @ 17.15
In my portfolio :
In the last two days, I sold the following : BLOG was NOT working for a full day, google fixed their blog issues an hour ago ?
RENN
SINA
AG
APKT
Rebought APKT @ $78.27
Portfolio is APKT & LULU....
Most stocks are Down
@1.36 following are Green :
CF,EXPE,PCLN,CMG,SLW,BWLD,NFLX,POT,
NVLS,CRUS,IGTE,TTM,V....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
I've owned QIHU since its IPO day and the chart looks better than the rest of the Chinese internets over the past week or so as the rest crashed. Would you mind giving your view on this one? Thanks!
Stocktrader
Hi Stocktrader,
YES..you are right..nost Chinese stocks are falling apart.
QIHU looks very stable in chart..making higher low of $25.23 & staying above even today.
Looks Good from TA point of view.
Saleem
Saleem,
Thanks for the look--my portfolio has been crushed recently. I hope I am holding winners when the risk-taking returns.
Stocktrader
Hi Stocktrader,
This is a very difficult market.Everybody is challenged to the hilt.
When you see profit try to book it.
Saleem
Saleem,
I have been afraid of MAY and here it comes as I expected. However, you have been doing really well in constantly moving the target. I sold SINA after the earning, since I was in only as an earning play. I still hold RENN as my single stock for MAY. Next week will be a more challenging week since it will be OE of the month. Good luck to all.
Michael
Hi Michael,
YES..it is MAY & it is difficult.
Comfort level has to be high if you are in any stock...
I am in 2 stock & you are in 1...let us see how it goes on Monday.
Saleem
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