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
Saleem
ReplyDeleteYou 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
Hi C,
ReplyDeleteIt is NOT about being brave, you have to ask IF you are buying close to bottom or not.
Saleem
Saleem,
ReplyDeleteMarket 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
Hi Michael,
ReplyDelete1216 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
SALEEM
ReplyDeleteI hear you -- one tends to get very excited seeing the market drop like this.
I got more EVEP at $64
Saleem,
ReplyDeleteThanks. I bought LVS at 43.2. Let ride it up.
Michael
Saleem,
ReplyDeleteCould not get 43.2 it is 43.3.
Michael
Hi C & Michael,
ReplyDeleteThat 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