Tuesday, January 31, 2012

Indices off their lows, on 4th day of selling.......

Indices opened higher on European optimism, then turned south on weaker home prices & consumer sentiment being lower than expectations.

S&P 500 low today was 1306.69, that makes it a "higher low".

RSI @ 60.90, had dipped below 60 earlier....

Oil UP 7 cents

Gold UP $1.60

Canadian $ Down 3 tick @ 99.77, CAD was higher than US$ earlier but negative Canadian GDP data pulled it lower.....

In my portfolio :

Sold OTEX

Doubled my position in AMZN @ $191.67

Portfolio is AMZN,RIMM,RVBD

AMZN reports AH, traders & analysts are divided as to Q4 result.Some are guessing 5 cents EPS while consensus is 17 cents on Sales of $18.20 billion, Q1 is a real wild card, expectations are, Sales of $13.36 billion & EPS of 35 cents.......stay tuned.......

Most stocks are UP

@ 1.50 following are down :

RIMM,OTEX,CNQ,CMG,LVS,LULU,MGA,
AGU,MOS,JCP,M,SNDK,FIO,GG,FFIV,
BIDU,CRM,GOOG,APKT,TSL,CRUS,
ARUN,SBUX,AEM,NYX,NDAQ,TCK...

BLOG does NOT give buy or sell.

Saleem

12 comments:

c said...

SALEEM

thanks for your positive comments to me!

I hope that AMAZON works for you.

I may get some after market--dunno

best to all

stocktrader_1996 said...

Hey Saleem,

I'm still in the camp that AMZN needs further stock price reset to account for their changed margin expectations in the future.

I wish you good luck and I hope they prove all doubters completely wrong!

Stocktrader

Stocks100 said...

Hi C,

AMZN will do what AMZN normally does......unpredictable.

Saleem

Stocks100 said...

Hi Stocktrader,

Thanks for your take of AMZN.....

Sometimes stock price reacts to what is perceived as "better than expected"

With AMZN..it is almost impossible to know what the expectations ARE.....

SO..i wait for the verdict !!!!

Saleem

stocktrader_1996 said...

Hey Saleem,

WPRT seems to be in blowoff top mode? I don't know what to do, I like the story so much longer term... I might have to try and pick an intraday reversal move and just try and save a couple $$.

Stocktrader

Stocks100 said...

Hi Stocktrader,

WPRT is having a sharp $3.23 move UP....I agree WAIT for a reversal day below previous day low to sell..otherwise stay in .....

Saleem

c said...

S


Looks like amazon is hurting now!!!!
EPS .38cents vs est.16 cents
rev $17.43B vs. est of $18.3 billion.
1q sales outlook below expectations
Kindle sales are astounding high

Hmmmm
C

Up said...

C

I sold my share before closed and just buying it back now.

c said...

Up

did you lose on your sale

Best of luck on your buy after hours

C

Up said...

C

I already gain few points and will hold on till late today or tomorrow. Amzn is a fund stock, so they will support it

c said...

Up\


GOOD for you you made some $$$$

I got some at $179. I will watch and see if we have some after hours pop!

Best to you always

Up said...

C

Last time they disappointed, they open higher than the last after hour quote and shoot 10 more points higher the next morning. Don't know if it will behave the same way.

With 2 quarters of disappointment, I think it is better not to touch it anytime soon until they finally show they mean business again