Indices closed green, after CNBC pundits predicted major decline.
It pay's NOT to tune in CNBC.......
Indices were UP .15% to .31%
S&P 500 closed @ 1397.11, low of the day was 1386.87. Taking absolute high intraday number of 1414, we had a highest to lowest pullback of 27.13 points or 1.92%.....CNBC wants you to believe that "sky has fallen"
Oil closed @ $106.75
Gold closed @ $1661.10
Canadian $ closed @ 100.22
VIX closed Down 4.82% @ 14.82
Portfolio is AMZN,CNQ,LEN,MS,OTEX,RIMM,RVBD
Stocks which were UP 1% or more included AMZN,MS,
CLF,MOS,FIO,GG,AUY,SLW,SU,NTES,MA,C,TSL
,BRCM,VECO,CIEN,FNSR,ARUN...
Next post by 2 PM Sunday.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hey Saleem,
My portfolio is as follows:
APWC - 2.3%
TVIX - 1.3%
(cash) - 96.4%
The market had a great comeback from the lows. I was a genius for about a half hour--haha.
I am interested to see what happens Monday based on China's action/inaction. Also, brewing sovereign debt troubles are nagging at Spain again. As you rightly pointed out, the US is the only strong economy in the world. Let's keep it going!
Have a great weekend! :)
Stocktrader
Hi Stocktrader,
Monday & next week should be very interesting.....my guess..a strong day in markets on Monday....end of week new 2012 high.....
Good luck with your homework / strategy.
Saleem
SALEEM
keep calling the shots--CNBC knows nothing......
Excellent !!!!!!!!!!!!
HouRah
COPPER is up $3 bucks--we are NOT dead money yet!
V best to all
Hi C,
Thanks for your feedback.
It IS nice to be MORE right than "higly paid CNBC pundits"
Saleem
Saleem
If you get the time you may want to read this on SDRL and SFL my 2 favorites:
excellent article about the CEO of SDRL: He own SDRL and many other solid companies:
http://onforb.es/GQpPGq
C
Hi C,
I just checked SDRL.....looks like a good company in drilling business.
Do you know why there was a pullback from $42 to $36?
Saleem
SALEEM
Looks to me that the down grades killed the action:
HSBC cuts Seadrill to neutral from overweight
$35 or $32 next???
I could find no NEGATIVE news that killed the price
However, it did pop from $30 to $42 form December till March 2 (or so) so it move to high to fast and now has settled down--IMHO
All thoughts comments appreciated
C
SALEEM
Here is an interesting Post on message board:
Most of it was due to the Quarter miss. After that happened it did not help that the primary stockholder sold a bunch of shares. This triggered some "analysts" to become ANAL and they lowered their target price. The company is sound. A little DD and research will indicate as such. In my case I am buying! Have added 500 shares to my position. Strong dividend!
A payback each Quarter of .80+ will lessen the impact of the 7% loss this past month....Good Luck!
Hi C,
Thanks for your research on SDRL.
I know you are a dividend focus trader.
Saleem
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