Indices are down on the news of Euro being below 1.30 to 1.2949.
Europe seems to be the excuse today, although Italian Bond auction went very well @ lower interest rate.
Internals are negative by 4 to 1.
Gold Down $35.10
Oil Down $1.83
Canadian $ Down 45 tick @ 97.68
VIX UP 6.48% @ 23.33, still below critical 24+ area
In my portfolio :
Doubled SNDK @ $49.84
Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....
Here is my $ weighting about 30 mts ago :
RIMM 20.00%
LULU 16.19%
SNDK 15.76%
LVS 11.93%
CNQ 10.07%
M 9.96%
APKT 8.39%
RVBD 7.70%
Most stocks are down
@ 2.47 following are UP :
M,CMG,BIDU,GOOG,CRM,JCP,SOL,WWWW....
Just completed my 2011 Stock transactions, it was much better than 2010. Still ended with a loss of 3.8%.......
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hey Saleem,
It seems to me we are really pricing in a poor Italian auction tomorrow. If all goes well, we should get all this back and then some?
Stocktrader
Hi Stocktrader,
They were projecting same for today?
YES..your take is right on the money.
ECB is behind the scene....
Saleem
Hey Saleem,
I can see where people are coming from: buying up 6-month Italian paper is no problem compared to looking out 7+ years and deciding if you want some. I'm interested to see the results tomorrow, but I think we get a relief rally no matter what.
Stocktrader
Hi Stocktrader,
World economic picture is much calmer than what Wall Street projects sometimes.....
I am expecting same for long term bonds.
Saleem
Stocktrader
Lets here it for a stock rally tomorrow
The Euro contagion --will it ever go away?/
C
Hey c,
As long as the euro contagion remains, we can pick up great companies at cheap prices and be perfectly positioned for the future.
Stocktrader
Saleem,
Good evening. Here's my allocation;
CVX - 6%
JNJ - 12%
KMP - 7%
PEP - 18%
O - 11%
TEF - 4%
T - 2%
LNT - 10%
ABT - 10%
MCD - 19%
TNA - 15 APR45 calls @ $8.90
Hi Victor,
Thanks for your portfolio weighting list.
Saleem
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