Friday, May 6, 2011

Indices UP from .49% to .69% on Jobs Data......NICE !!!!

Indices good a boost on better than expected Jobs Data.

As expected, Nasdaq is doing better than other indices.

Gold UP $4.30

Oil Down 56 cents

Canadian $ UP 17 tick @ 103.61...Canadian Job growth was "twice" as expected + 58,300.

VIX UP 1.21% @ 18.42...this is NOT good indicator for any bull move ?

In my portfolio :

Bought RENN @ $16.65

Portfolio is APKT,LULU,RENN,SINA.....

Most stocks are UP...

@ 1.18 following are RED :

RENN,PCLN,RIMM,PLCM,M,LEN,AKAM,
CIEN,IGTE,AMCC,CTRN,CCJ,AEM,ABX,
GS....

BLOG does NOT give buy or sell.

Saleem
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6 comments:

  1. AnonymousMay 6, 2011 at 10:56 AM

    Hi Saleem.

    Followed you with RENN. Still holding APKT, SXCI & ARW. Lets hope for a strong close.

    Victor

    ReplyDelete
  2. Stocks100May 6, 2011 at 10:58 AM

    Hi Victor,

    Good luck with RENN...it is going to surprise many in its UP move...

    Saleem

    ReplyDelete
  3. MichaelMay 6, 2011 at 11:17 AM

    Saleem,

    Missed the move up. Anyway, I tipped in with RENN with short-term target @20. I think we have down side risk protected at 14. Thanks.

    Michael

    ReplyDelete
  4. Stocks100May 6, 2011 at 11:38 AM

    Hi Michael,

    RENN...i am extremely positive @ current price..FROTH is completely out after $24 runup.

    You will get a better entry point in other purchases...VIX was telling me that today will be SHAKY.....

    Saleem

    ReplyDelete
  5. cMay 6, 2011 at 12:43 PM

    S

    the market is really mess up right now
    Greece has thrown a curve ball

    Commodities are NOT hot now
    FCS is off as are oils
    we need to stabilize a little IMHO

    I did buy more EVEP and FCX copper and gold are good to own

    ReplyDelete
  6. Stocks100May 6, 2011 at 12:53 PM

    Hi C,

    Market being messed up only means opportunities.....

    Buy whatever looks right to you.

    Saleem

    ReplyDelete