Indices are down on German statement that nothing will be finalized anytime soon.
European debt issues has many linkages which needs to be factored @ every step.
Markets pullback is healthy as we had a "jubilant runup"......
Internals are negative by 3 to 1...
Gold Down $13.20..before gold used to move UP on any uncertainty ?
Oil Down 36 cents
Canadian $ Down 65 tick @ 98.34
VIX UP 14.31% @ 32.28
Portfolio is JCP,MS,LULU,RIMM...
Most stocks are down
@ 1.44 following are UP :
JCP,MS,WYNN,NTES,MPEL.....
BLOG does NOT give buy or sell.
Saleem
12 comments:
Hi S
Great write up, with market pulling back, I am getting some SDS and see if it work or not
Hi Up,
Thanks for your feedback.
YES few days of weakness has a very high probability.
Good luck with SDS.
Saleem
Saleem
Hello --what a red day
We were over due for sell off
I hesitated on my planned sales--yuk
ETP is a surprise for me is is my KMP!
AmeriGas Partners LP (APU), the largest retail propane distributor, will buy the propane operations of Energy Transfer Partners LP (ETP) for $2.8 billion, the companies said today.
I owned both as a div defensive play
now I gotta hurt for replacements--maybe buy EVEP again.--just thinking....
KO is really getting beaten down in price...
have a good en
C
Hi C,
Always execute ASAP what you planned......
Markets can become very painful if we do not book profit..a lesson which i keep learning over & over...
I am glad you have takeover in your portfolio.....$$$$$
You know many stocks better than most of us.......
Good luck with your next buy !!!!
Saleem
Hey Saleem,
Volume is crazy light today for a Monday. I can't tell if that means we'll have a better shake upcoming, or if this is it.
I'm still 100% long and waiting to see how this plays out.
Stocktrader
I will admit though, having KOG is helping me be patient on everything else dropping today.
Hi Stocktrader,
Volume was light on Friday also.
It is a low volume market as retail has been taken to woodshed by HFT....
6% UP move by KOG is a good thing for any portfolio.....
Saleem
Hey Saleem,
Swapped out my shipper TK for VMW--playing the earnings. The cloud should be strong in Q3/Q4/2012?
Stocktrader
problem about VMW's earning play is it went up too much last week and it is in a overbought environment. Personally I wouldn't play any earning this week. Even AAPL will be scary too
Hi Up,
VMW was dead even in price from last Monday, so I didn't feel the "runup" problem was in play.
If I'd known the numbers and guidance ahead of time as they reported tonight, I'd have made the same decision, so I feel fine.
If the market continues to move down VMW will likely follow of course, but I like the position now if the market moves back up :).
Stocktrader
Hi Stocktrader,
VMW is a solid company with predictable results....
In today's TAPE a beat was not good enough......
I used to trade VMW long time ago from $90+ to $130+.....those were the good old days..when ER was a pleasure......
Saleem
Hey Saleem,
Yes, clearly the tape is affecting the potential for earnings pops. If the tape improves, I am pleased with my new holding and extra diversification.
Stocktrader
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