Indices are marking time after huge move for 5 consecutive days. Only Nasdaq is green by .16%.
Internals are negative.
Oil UP $1.91
Gold UP $26.30
Canadian $ down 4 tick @ 104.09
VIX UP 1.2% @ 16.06
Portfolio is ATML,GG,LULU,SOL.SVM,TZOO,UXG
More stocks are Down
@ 12.30 following are UP :
TZOO,SVM,LULU,UXG,ATML,GG,AAPL,
BIDU,NFLX,AMZN,WYNN,NTES,SINA,
SLW,AG,CMG,CNQ,GOOG,SOHU,PCLN,
APKT,SU,SNDK,ARUN,IGTE,KGC,AUY,
ABX,AEM,BWLD....
BLOG does NOT give buy or sell.
Saleem
Saleem,
ReplyDeleteIt seems that you are betting on gold and silver with SVM, GG, and UXG. I have SVM and UXG. What do you see in Gold and Silver? Thanks.
Michael
Hi Michael,
ReplyDeleteGold & Silver are in a major bull run......
Based on worldwide currency mess..gold & silver will move much much higher......
Saleem
SALEEM
ReplyDeletethanks for your commentary.
If you had to pick one to buy
what would you recommend
SLV or your picks
thanks
Hi C,
ReplyDeleteBased on price appreciation potential..go for UXG....
Saleem
S
ReplyDeleteI bought some at $5.96
should I get a 1000 shares or keep it at 100 shares
I believe that you are correct in the future of gold and silver:
Based on worldwide currency mess..gold & silver will move much much higher....
thanks again
Saleem,
ReplyDeleteThanks for your input. I am looking at IAG, GG, and ABX. GG seems to be ready to break out. Tempted to sell TZOO at 73s, but decided to let it run all the way.
Michael
Hi C,
ReplyDeleteSince UXG is small cap 1000 shares are ok...
YES..Gold & Silver will be real currency in many countries..tendered based on spot prices !!!!
Saleem
Hi Michael,
ReplyDeleteGG is blue chip gold company...low cost & growth oriented.....best in class !!!
Saleem
Micvahel
ReplyDeleteI know htat YZOO is mighty tempting
I say hold for the ride of your life--TZOO has got lift and more to come at least get $77 for it --my buy price--but $$$$86 is a coming IMHO
it you really can not hold--I understand as I have sold many stocks was early--and watch them appreciate like crazy.. Like apple when I bought at $89 and sold at $200
I am still holding my newer apple shares-so I can say that it is one tough decision and you gotta have convection..in what your holding.
Hi C & Michael,
ReplyDeleteIt is OK to sell anything IF you have another game plan which MAY be more attractive..i do it all the time....
PLUS..one can always buyback..IF you sold too early..i do that too...
BUT..TREND is your friend in TZOO,LULU.....so it is wise to stay put....until..the trend changes....
Saleem
Saleem,
ReplyDeleteStarted GG at 49.2. Hope for the best. Sold LULU too early but did not add back in at 110s like you did, an excellent move. Well, I am happy with TZOO since I double down at low price. I will hold it till you drop. Thanks.
Michael
Hi Michael,
ReplyDeleteGood luck with GG.....already "showing you the money"
Saleem
Saleem,
ReplyDeleteYou are right about this market and said that SPX can get to 60 without any problem. Now it is at 63s. How far it can go? I will be surprise if it manage to close on Green today. I listened to your advise and did not sell last Thursday. This has added $$$ in my account. Thank you again.
Michael
Hi Michael,
ReplyDeleteStay put ..keep buying not selling anything....
Read my Sunday BLOG..i said 70 is EASY.....
Saleem
Hello Michael
ReplyDeletedo not fight the tape
Good Luck $$$$$
Saleem,
ReplyDeleteI just read your Sunday blog. I did not expect that, so I read your Monday blog but not Sunday. Thank you very much for your time to put in together an excellent report that will make readers some serious $$$$. If I read your report earlier, I would make my move before the OPEN when traders did not make their move yet. Anyway, anyone follows your blog should make some serious money. Like me, when I saw your move I followed and was all in at the bottom. It was scary but really paid off handsomely.
I think your analysis make a lot of sense. The up market caught shorties and normal traders by surprise and they kept waiting for the pull back when market has made their way higher and higher. This situation will make normal traders and shorties to be panic and start to add in on any pull back. It showed clearly this behavior this morning.
Thanks again for your dedication and your time on the weekend.
Michael
C,
ReplyDeleteThanks for your input. Yes, I will not fight the tape. I am sitting on huge profits of the year. Let me know when you think it is the right time to ring register.
Michael
SALEEM
ReplyDeleteI blew it too
I did NOT read your Sunday BLOG
I never expected it so I did not look at it
So Sorry
I missed a good report
thanks for your hard work
Hi Michael & C,
ReplyDeleteThanks for your feedback on my Sunday BLOG...
I wrote on Friday AM report..that next BLOG update will be by 2 PM on Sunday......
Anyway..i am glad you read it now... as there was lot of important info in it..about market movement !!!!
Saleem