Thursday, August 4, 2011

Good Buying opportunity now.....

Major PANIC is in the air......

This is the time to buy...suggest upto 60% allocation

S&P 500 went to 1216.10...which may hold

Gold Down $8.90

Oil Down $4.38

Canadian $ Down 1.52 cent @ 102.47

VIX UP 15.61% @ 27.03

In my portfolio ;

Bought LVS @ $33.90

Portfolio is FFIV,LVS,LULU,RVBD

57% allocation

Here is my $ weighting :

FFIV 27.80%

LULU 26.94%

LVS 26.70%

RVBD 18.56%

Down volume is leading by 22 to 1 in Nasdaq.......MAJOR capitulation going on......

BLOG does NOT give buy or sell.

Saleem

8 comments:

c said...

Saleem

You are brave

This is one tanking market
EVEP dropped 5.5% yeks

We may drop tomorrow?? Dunn
lets see how we close

I bought POT and EVEP-bothj are down a lot from my early purchase price
18% cash

Good luck in LVS that is one soilid stock

Stocks100 said...

Hi C,

It is NOT about being brave, you have to ask IF you are buying close to bottom or not.

Saleem

Michael said...

Saleem,

Market looks not too good. It broke 1216.1. Will this indicate further down? I know it is tough to manage in this type of market. However, your wisdom will help us. So far, the damage has been reduced to minimal. Thanks.

Michael

Stocks100 said...

Hi Michael,

1216 or 1201 does not matter too much..but stocks are on fire sale...that is important.....we are buying stocks not S&P 500 index.

Saleem

c said...

SALEEM

I hear you -- one tends to get very excited seeing the market drop like this.

I got more EVEP at $64

Michael said...

Saleem,

Thanks. I bought LVS at 43.2. Let ride it up.

Michael

Michael said...

Saleem,

Could not get 43.2 it is 43.3.

Michael

Stocks100 said...

Hi C & Michael,

That is why it is critical to manage exposure..i have been saying 50%..because of selloff i said 60% now...I remain @ 57%.

Good luck with your purchase.

Saleem