Monday, February 6, 2012

Mild pullback on "overbought condition" & "Greece"......

Indices are down slightly, despite overbought condition. Greece has not agreed to resolve their impending issues.

Indices are down .15% to .31%

Internals are negative.

Oil Down 69 cents

Gold Down $14.80

Canadian $ Down 18 tick @ 100.46 US$

VIX UP 4.62% @ 17.89

Portfolio is AMZN,CNQ,RIMM,RVBD...

Most stocks are down

@ 1.36 following are UP :

RVBD,AAPL,CMG,GOOG,LULU,FIO,
GG,JCP,V,APKT,JDSU,CIEN,FNSR,
SBUX,AEM,NYX,NDAQ,KOG....

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hey Saleem,

Two of my companies are experiencing competitive issues today in WWWW and OCZ. I was aware this could happen, but I was hoping it would be further off. I think they have a large enough lead and momentum for now, but I am keeping a very close eye on them now.

Stocktrader

Stocks100 said...

Hi Stocktrader,

WWWW & OCZ has done extremely well for you, you know these companies inside out...i am seeing a minor pullback...

Saleem

stocktrader_1996 said...

Hey Saleem,

Thanks for your confident tone--I think it is a minor pullback also. Usually competition takes 6-9 months to come fully to fruition.

Stocktrader