Wednesday, February 8, 2012

Indices coming back after morning selling.......

Indices are mixed now, after being down.

Nasdaq showing renewed strength.

S&P 500 went down to 1341.95, high was 1351.00

Internals are mixed

Oil UP 5 cents

Gold Down $18.10

Canadian $ Down 15 tick @ 100.40

VIX UP 3.23% @ 18.22

Portfolio is AMZN,CNQ,RIMM,RVBD

Most stocks are down

@ 1.54 following are UP

AMZN,AAPL,WYNN,GOOG,CLF,COH,
FCX,AGU,LVS,GSVC,WPRT,SNDK,
PCLN,FIO,MPEL,BIDU,BWLD,MA,V,
TSL,JCP,MU,NVDA,NYX,NDAQ,KOG,
BRCM,C......

BLOG does NOT give buy or sell.

Saleem
at

10 comments:

  1. psrajpalFebruary 8, 2012 at 11:13 AM

    Saleem,

    I see you have RVBD and CNQ on your current holdings. RVBD even if down, seem to be behaving well in the down market. CNQ to me looks like can go down further.

    I was thinking of buying few RVBD and CNQ based on the price points. Are these stocks at a good entry point from your perspective.

    Thanks

    Param

    ReplyDelete
  2. cFebruary 8, 2012 at 11:42 AM

    Hello Saleem

    Any new directions for stocks to buy

    I loaded up on EXC

    FCX and SCCO are my metal plays --up 1.4%

    Amazon and CNQ are my lets rock plays

    Thanks fro all you do for us
    C

    ReplyDelete
  3. Stocks100February 8, 2012 at 11:43 AM

    Hi Param,

    I have very HIGH comfort level with RVBD & CNQ.....

    CNQ has been weak for 2 day's..because they had to shut down output due to unscheduled maintenance..they have said that this will NOT affect this year planned output.

    Your cost for both RVBD & CNQ will be lower than mine......

    Saleem

    ReplyDelete
  4. Stocks100February 8, 2012 at 11:45 AM

    Hi C,

    Thanks for your feedback.

    I say hold off new buying as you have enough exposure....good to have cash for better deal....

    Saleem

    ReplyDelete
  5. stocktrader_1996February 8, 2012 at 11:47 AM

    Hey Saleem,

    I am considering taking profits on AAPL also. Although I think any pullback will likely be slight, I think the chance for further move up is diminishing for now unless a surprise shareholder distribution announce comes.

    Stocktrader

    ReplyDelete
  6. Stocks100February 8, 2012 at 11:54 AM

    Hi Stocktrader,

    AAPL RSI @ 80.52......need i say more...

    Good luck with your decision.

    Saleem

    ReplyDelete
  7. cFebruary 8, 2012 at 11:59 AM

    Stocktrader


    J cramer says APPLE is over bought here

    So take that as one indicator! I love apple but it is price for perfection IMHO

    get some RVBD or my copper play--just my .02 cents
    C

    ReplyDelete
  8. stocktrader_1996February 8, 2012 at 12:04 PM

    Hey c,

    On a pullback, GGC, APKT, RVBD, MU, and CLF are on my radar. I have my base metal exposure already with SWC :).

    Stocktrader

    ReplyDelete
  9. stocktrader_1996February 8, 2012 at 12:48 PM

    Hey Saleem,

    I did end up selling AAPL at $475.98--I have 37.2% cash now and I'm comfortable with the remaining positions I do have.

    Stocktrader

    ReplyDelete
  10. Stocks100February 8, 2012 at 1:05 PM

    Hi Stocktrader,

    Excellent trade in AAPL.....

    Lot of buying power.

    Saleem

    ReplyDelete