Monday, April 16, 2012

Spain & US data putting downward pressure .....

Spain bond yielding 6% & lower manufacturing / housing numbers putting downward pressure. Nasdaq is weaker, leaders taking it on the chin.

Retail sales were strong but is not having any impact even on retailers.

Indices mixed

Internals are mixed

Oil Down 58 cents

Gold Down $11.40

Canadain $ Down 32 tick @ 99.72

VIX UP .77% @ 19.70...this indicates better picture for equities by close ?

Portfolio is CNQ,COH,MS,RIMM,RVBD,ZNGA

Most stocks are down

@ 1.10 following are green :

RVBD,MS,LRCX,MU,C,SU,CSIQ,X,SNE,GS,IBN....

BLOG does NOT give buy or sell.

Saleem
at

8 comments:

  1. cApril 16, 2012 at 12:26 PM

    SALEEM

    Sold 1/2 my apple position,
    still have some shares at $598 per share
    Made $1,250 on sale of apple of my apple shares

    As you can see, over all my apple shares are down over $60 smackers.

    my amazon is not doing v well either...
    J Cramer's 4 horse man are lousy today.
    I gotta see what he says tonight

    Hey GS is doing v well.....CNBC says GS price is set to bust up huge --chart show a wedge pushing the price upward

    VBTA
    C

    ReplyDelete
  2. Stocks100April 16, 2012 at 12:52 PM

    Hi C,

    Good move in booking profit.....

    Jimmy the cramer's 4 horse are Donkeys today & they are not working out..sometimes animal CAN change their TRAIT....

    Saleem

    ReplyDelete
  3. stocktrader_1996April 16, 2012 at 1:05 PM

    Hey Saleem,

    Right near close I sold my excess APKT & DOW to buy FXCM, which I previously owned. The chart looks pretty good to me.

    WPRT & ZNGA destroyed an otherwise decent comparative performance from my higher beta stocks.

    Stocktrader

    ReplyDelete
  4. UpApril 16, 2012 at 1:24 PM

    Saleem

    Right near close, I sold my GS but didn't buy back anything. GS earning tomorrow and just don't want to gamble my money away. I am starting to sell my positions to limit the down risk which are building up, but still think we are going to have a oversold rally in near term.

    ReplyDelete
  5. Stocks100April 16, 2012 at 1:50 PM

    Hi Stocktrader,

    YES..FXCM has done well for you, it was green today..good to go with winners....

    In a big portfolio, there are always few laggards...with time, that will change.

    Saleem

    ReplyDelete
  6. Stocks100April 16, 2012 at 1:51 PM

    Hi Up,

    Booking profit is a very good move.

    I am expecting an oversold RALLY.....

    Saleem

    ReplyDelete
  7. cApril 16, 2012 at 2:04 PM

    UP

    I am sorry that you did not hold GS

    But a profit is v good

    Hurray for you
    C

    ReplyDelete
  8. UpApril 16, 2012 at 2:53 PM

    C

    Even without GS, i am still holding this blog's favorite MS. If GS beat tomorrow, I still will benefit out of a second tier stock

    ReplyDelete