Tuesday, June 28, 2011

Indices UP .93% to 1.13%...NICE !!!!

Indices are showing a back to back gain, reason.... we were deeply oversold.

Internals are UP 3 to 1

Gold UP $7.00

Oil UP 88 cents

Canadian $ UP 38 tick @ 101.79

VIX Down 4.04% @ 19.73

In my portfolio :

Sold AAPL

Portfolio is ATML,CNQ,SOL,SVM,TZOO

Most stocks are UP

@ 12.27 following are RED :

SOL,JASO,MOS,AMCC,C,BAC,STP,
SPRD ( muddy water short ),LDK,
KGC,AEM,GS....

BLOG does NOT give buy or sell.

Saleem
at

10 comments:

  1. MichaelJune 28, 2011 at 9:51 AM

    Saleem,

    Deeply oversold is the reason for the market up today. Is it a good time to sell on the bounce and enter again at lower price? Thanks.

    Michael

    ReplyDelete
  2. cJune 28, 2011 at 9:55 AM

    S

    CNMC says the real estate bounce is partly responsible for the POP

    I got TZOO at $77 smackers so I am the dunce!

    But CAT and POT are making me happy again

    Best to all

    ReplyDelete
  3. MichaelJune 28, 2011 at 10:06 AM

    C,

    If you hold it, you should get it back. I don't think 77 is too high for TZOO. It can be up in no time.

    Michael

    ReplyDelete
  4. cJune 28, 2011 at 10:24 AM

    Michael

    thanks for your vote of confidence-on TZOO!!!!!

    Appreciate it a lot
    lok at
    CAT
    NFLX
    AMZN
    BIDU
    CMG
    DRI is interesting here!

    Good LUck

    ReplyDelete
  5. Stocks100June 28, 2011 at 10:53 AM

    Hi Michael,

    Market will remain in trading range..

    Keep an eye on Indices...when they weaken then sell.

    We MAY have till thursday for this uptrend.....

    Saleem

    ReplyDelete
  6. Stocks100June 28, 2011 at 10:55 AM

    Hi C,

    CNBC only knows after the fact.

    Housing remains in a mess..& will stay that way until 2012 ?

    TZOO is OK now......

    Saleem

    ReplyDelete
  7. MichaelJune 28, 2011 at 11:59 AM

    Saleem,

    Cramer said "Buy SINA at time it was 135." It came down to 80. He said "Sell SINA at time it was 78." Now it is 100s. If someone followed his advise, they will loose a lot of money. He said buy and sell without any conviction. Thanks for your advise in buying and selling with conviction.

    Michael

    ReplyDelete
  8. Stocks100June 28, 2011 at 12:11 PM

    Hi Michael,

    Thanks for your feedback.

    I try to analyze fundamental plus technical picture of stocks...when they change..it is wise to stay out & wait for FA & TA to improve.

    Chinese stocks came under severe pressure due to "acccounting issues"..good & bad were lumped together......BIDU & SINA are run with integrity imo..but they went to 200 DMA or below..cut in 50% ?

    BUT..it creates opportunity who know companies better than CNBC gurus.....

    Hopefully....we are coming out of a major hair cut in stock prices...

    Saleem

    ReplyDelete
  9. MichaelJune 28, 2011 at 12:16 PM

    Saleem,

    I admired your vote of confident in LULU at time most analyst abandoned the ship. Now looking at LULU new high everyday. Thanks.

    Michael

    ReplyDelete
  10. Stocks100June 28, 2011 at 12:20 PM

    Hi Michael,

    Thanks for your kind words.

    LULU is a great company & strong stock.

    I may enter again..when RSI is below 70...

    It is splitting 2 to 1....

    Some companies, i have good feel..LULU is one of them..but sold too early to lock profit TWICE.....

    Saleem

    ReplyDelete