Monday, November 7, 2011

Indices fighting back, fractionally down.....

Indices were UP, then down, now trying to breakeven.

Reasons given for down move is Italy today.

S&P 500 low today is 1240.75, RSI 56.00

Internals are negative by 2 to 1

Oil UP 84 cents

Gold UP $28.10

Canadian $ UP 38 tick @ 98.53

VIX UP 2.42% @ 30.89

In my portfolio :

Sold LVS

Sold AUY

Bought PCLN @ $508.00, it reports tonight, expecting a beat & guide UP...expectations for Q3 Sales $1.42 Billion..EPS $9.30 guidance for Q4 Sales $996.76 million EPS $5.14

Portfolio is CSIQ,JCP,POT,PCLN,RVBD,TLM.....

Most stocks are Down

@ 2.22 following are green :

POT,TLM,AUY,BRCD,MGA,CNQ,AMZN,NFLX,
FCX,AGU,MOS,SNDK,GG,SU,QCOM,SLW,CRM,
GOOG,MA,M,SINA,ABX,KGC,AEM.....

BLOG does NOT give buy or sell.

Saleem

13 comments:

Up said...

Hi Saleem,

You are very brave by playing a $500 stock for earning. Isn't it better to buy option, even if something went wrong, your lost will be limited.

Stocks100 said...

Hi Up,

PCLN is a growing company @ the expense of EXPE & other competitors.

EXPE is less than $4 billion in annual sales ....still room to grow in this TOUGH economy.

PCLN Market Cap is only 25.55 Billion...Total shares outstanding only 49.77 million.......

I expect $50++ per share move after earning......not bad in a day's work....

Option Premium is too HIGH $510 strike is $27.25....

Saleem

c said...

Saleem

Wow you bought PLCN at over $500 smackers per share
befoe earning

You are brave...... If is pops $50 per share wow! YOU bet-ch that is a good return on a one day run

Hmmm

I got my APPLE shares 1 call at $365 for December
at $39.50.

Good luck to you
C

Stocks100 said...

Hi C,

Good luck with AAPL call.

When i look @ a fast growing company with less than $4 billion in annual Sales..PCLN looks llike a great trade......

Saleem

Up said...

Saleem,

Well, I followed you call on PCLN, and now it is down big, even they beat like a mile

c said...

UP,

I do not under stand why it is down after hours

tomorrow up by $50 bucks look out
here it come
they beet earning by a mile

DID you buy the stock??

best to all

Stocks100 said...

Hi Up,

We are UP nicely after usual AH dance......Last bid $515.50..i am listening to cc.....

Saleem

Up said...

HI C,

Yes, i did buy the stock but just sold it with a good profit, MM is here to screw all those option holders. Tomorrow, I think this stock open a little higher than today's AH close and will go up after that. Good luck

Up said...

Hi Saleem

5 minutes charts is getting overbought and I will get it back when the price is right later on

c said...

SALEEM

I got some at $519

lets see how it goes

Hmmm

C

Stocks100 said...

Hi C,

Youa are already ahead with PCLN purchase..last bid $521.50...

Saleem

c said...

S

Just sold as I was scared for over night hold

thanks for the tip---awesome

Shabang!!!!
Cool
C

Stocks100 said...

Hi C,

Always do whatever makes you comfortable & let you sleep well.

Nothing is worth more than peace of mind.

Saleem