Monday, March 12, 2012

Constructive TAPE despite weak Chinese data......

Indices are mixed, with Nasdaq in small red, down .11%.

Chinese data was weak in terms of export & retail sales.

S&P 500 & Dow is green.

Internals are negative.

Oil Down $1.13

Gold Down $12.20

Canadian $ Down 29 tick @ 100.65

VIX Down 5.67% @ 16.14..sign of good things to come in equities.....

In my portfolio :

Added 50% CNQ @ $34.56

Portfolio is AMZN,CNQ,LEN,MS,OTEX,RIMM,RVBD

Exposure 149%

Most stocks are down

@ 2.02 following are green :

LEN,PCLN,GOOG,AAPL,FFIV,LULU,TIF,
SCCO,NYX,KOG,COH.....

BLOG does NOT give buy or sell.

Saleem

6 comments:

  1. Hello Saleem

    How is it CNQ continues to go down

    should I double down?

    Hmmmm

    ReplyDelete
  2. Hi C,

    YES..double down is a very good idea.....Horizon production resumption any day now.....CNQ will jump on that news.

    Saleem

    ReplyDelete
  3. SALEEM,

    Thank you---will do

    I am not going to Chase APPLE and it would seem that the new highs keep coming--which means that if it corrects look out below--musical chairs, IMHO

    Oh, I sold my position in TOT I took a big hit but the trade never worked out for me and I felt it was time to get rid of it , seemed to be stuck in a trade range well below my buy price

    Again thanks for the support
    C

    ReplyDelete
  4. Hi C,

    We all have many challenges in our portfolio. Dealing with underperformers is not easy in a bull market.....better late than never.

    Saleem

    ReplyDelete
  5. Bought

    SDRL
    CNQ double down
    MCD
    BMY
    FCX and SCCO
    TAL
    ERF
    IVR
    KFT
    NYB
    SLRC
    finally T
    12% cash

    Looking for a bargain

    ReplyDelete
  6. Hi C,

    Good luck with your portfolio.

    MS looking good....

    Saleem

    ReplyDelete