Indices are fighting "headline driven weakness"...Nasdaq is ignoring China noise & bad earnings fiction......
In a bull market TAPE, noise about old stories does not hold even for a day.....
Internals are weak so far by 50%......
Gold Down $19
Oil Down 71 cents
Canadian $ Down 25 tick @ 97.96
VIX UP .77% @ 31.50 @ lows of the day..great news for bulls with conviction....
Portfolio is CNQ,CSIQ,FCX,LULU,MOS,RIMM
Most stocks are Down
@ 1.53 following are green :
CSIQ,SOHU,PCLN,AAPL,GOOG,JKS,SNDK,SINA,AMZN,
POT,NFLX,ULTA,GNK,CMG,NTES,BWLD,MA,V,AGU,
CRUS.....
GOOG reports AH, expecting a beat !!!!
BLOG does NOT give buy or sell.
Saleem
S
ReplyDeleteThanks for your feed back
All good here!
We go on vacation 10/29 to the caribbean
C
Hi C,
ReplyDeleteBull market is different from bear market....
Trend is UP $$$$$
Where abouts in Caribbean?
Trinidad, Jamaica, Barbados....
Saleem
S
ReplyDeleteAm so excited
We go to Ft lauderdale ,
Grand Turk Island
San Juan
St Thomas
Bahamas.
Way cool on Holland America cruise line
Oh We may close GREEN
that is my guess
C
Hi C,
ReplyDeleteSounds like a cruise from popular TV series "loveboat"....sounds very good !!!!
Nasdaq has been green for an hour or so....
Saleem
Hey Saleem,
ReplyDeleteI keep buying more and more shippers. Either I'm a genius or a fool--hopefully the former :).
Sold AMZN to buy DRYS--respectively looked like a good chart for a break and a good chart for a breakout.
Stocktrader
Stocktrader
ReplyDeleteIf ya bought DRYS
then fast money is mad at ya!! They said not to buy DRYS.
All my research shows that it risky to get the shippers right now
YOu did so good with GNK and FRO! It is still way KKR to get the shippers.. IMHO
I like the story for FORD, KKR .
J Cramer like NAT again! Hmmmm
Good luck with the shoppers
Hey c,
ReplyDeleteKaren is understandably conservative with her picks, but she likes a different dry-bulk shipper (Navios I think?) but not DRYS. That's just a case of stock picking--if she had to chose a long or short, I bet she'd be long DRYS--the Baltic Dry Index chart is too positive for earnings power to ignore.
I also think the DRYS chart is particularly compelling for a breakout move.
Stocktrader
Hi Stocktrader,
ReplyDeleteYou have done well with GNK, next could be DRYS.....
It is all about your OWN homework, based on that you are allocating $$$$.
Good luck !!!
Saleem
Hey Saleem,
ReplyDeleteThanks for the kind words! :)
The JKS proceeds earlier today went into more FRO at 5.30 so in total I'm really loaded on shippers (GNK, DRYS, TK, FRO). Some of them are better than others, but I have strong conviction in the forward-looking earnings power. I have almost too much now so I have to stop swapping out of other good stocks. Anyways, I figure it's right about now one of them will do a secondary just to humble me...
Stocktrader
Stocktrader
ReplyDeleteWay to go --getting 4 shippers
THe oil shippers is DICEY, IMHO
DRYS and DSX are dry goods, which I have not followed for a while
Best of luck
C
Hey c,
ReplyDeleteMy original comments a couple days ago also noted concern on the oil shippers, but your suggestion of FRO made me look more closely at it, and the charts looked very interesting and got me involved. As long as everything continues to work, I'll stick with them.
Stocktrader
Stocktrader
ReplyDeleteI have liked FRO and owned it over the past 5 years
But the number of ships available and the number that are idle makes the shippers market dicy right now.
That is why I am shy to get on board (smile) and buy some shares..
If your approach works for you that is great--if I have shared a thought that works out for you than I am happy for that.
I am dense at times--I bought a position in FORD today!
So I am not that smart...
I am hoping that the car sector continues to get healthy and prosper..
Best to all
Hi All
ReplyDeleteIsn't it better to buy after a pull back? I think we finally enter that period, but i could be wrong.