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
10 comments:
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
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
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
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
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
Hi C,
CNBC only knows after the fact.
Housing remains in a mess..& will stay that way until 2012 ?
TZOO is OK now......
Saleem
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
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
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
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
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