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:

c said...

Hello Saleem

How is it CNQ continues to go down

should I double down?

Hmmmm

Stocks100 said...

Hi C,

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

Saleem

c said...

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

Stocks100 said...

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

c said...

Bought

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

Looking for a bargain

Stocks100 said...

Hi C,

Good luck with your portfolio.

MS looking good....

Saleem