All indices are green, despite Slovakia negative news flow.
Internals are positive by minimum 3 to 1
Oil UP 26 cents
Gold UP $19.50
Canadian $ UP 1.33 cent @ 98.55
VIX Down 8.49% @ 30.07
In my portfolio :
Added 40% RIMM @ $23.76
Portfolio is CNQ,CSIQ,FCX,LULU,MOS,RIMM
Here is my $ weighting in each :
RIMM 36.79%
MOS 24.57%
FCX 13.91%
LULU 11.52%
CNQ 8.54%
CSIQ 4.67%
Most stocks are UP
@ 1.51 following are RED :
RIMM,AA,VMW,BWLD,APKT,PLCM,
FNSR,SOHU,SVM.....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Saleem,
Did the bull scare shorts yet? Have they been running for cover? I think we have some gas to run more miles with this momentum. Thanks.
Michael
Hi Michael,
This market has suffered since first week of August to First week of October...9 weeks......
We deserve a rally for @ least that long...we are in wk2 of this rally.
From new 52 wk lows to new 52 wk highs ....that is how its played...
Enjoy the ride UP & place bets where traders are not even looking......
Saleem
Hey Saleem et al,
Finally got my chance at FRO!--sold half my AGU (was my largest position) and bought FRO at 5.86.
Stocktrader
Hi Stocktrader,
Good luck with FRO..do not know that stock @ all.
Saleem
HEllo to all
FRO I know
It is over sold
pay s 9% divi and has had a hard time with earning as shipping oil is NOT paying well to many ships and less oil demand! Buy FRO is at all time lows that I have not scene ofr 4 years.. It earning coming up and it could be a miss
I do not see a big down side to earning miss.
FRO also have drilling in the north sea and LNG ship. It is also Ranked 4Stars by S&P, with a target of $20
APPLE is how above $400 420 here we come!
FCX dropped down from $37 ion news that China
has a surplus of copper
Saleem,
should we buy more on the news or sell.
Thanks to all
C
thanks
Hi C,
Thanks for your detailed analysis of FRO..now i know whole lot more....
FCX has copper & Gold...i do not see TCK reacting to China copper news, TCK is a major copper producer also....
I say hold FCX & will buy more IF it goes down....
Saleem
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