Thursday, September 6, 2012

Indices UP 1.66% to 2.00% on ECB decision......

ECB gave a "much needed boost" to world markets.

Spain & Italy exchanges UP close to 5%

S&P 500 @ new 52 wk high, currently 1429.26

Internals are positive by almost 4 to 1

Oil UP 68 cents

Gold UP $12.70

Canadian $ UP 81 tick @ 101.79, new high since April

VIX Down 9.41% @ 16.07

In my portfolio :

Bought OCZ @ $4.13

Portfolio is EXPE,LVS,LEN,OCZ,TCK

Exposure 77%

Most stocks are UP

@ 2.18 following are down :

OCZ,YELP,ARNA......

BLOG does NOT give buy or sell.

Saleem

9 comments:

stocktrader_1996 said...

Hey Saleem,

It is hard not to be extremely enthusiastic today, especially when it seems so many people are still "fighting" the tape. I am trying hard to keep emotions in check today.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Anytime when we make a new 52 wk high...then we make series of new highs..a technical reality.....

Those who fight the TAPE..we all know what happens to them....

Enjoy the ride UP & $$$$$

Saleem

stocktrader_1996 said...

Hey Saleem,

Wow on the extremely low price tags on those new Kindle Fires! They are really coming after AAPL hard...

Stocktrader

Stocks100 said...

Hi Stocktrader,

$199 & $299 for 16GB is not so cheap...i paid $299 for 64GB for playbook which has two cameras, GPS,Video camera.....

Saleem

stocktrader_1996 said...

Hey Saleem,

Massive AH drop for ADNC since AAPL won't be using its intellectual property anymore. Even with the diversified portfolio, this 60% down move wipes out my profits for the week. Pretty sad situation after I'd been outpacing the market so nicely. The worst part is, I will probably still have to sell at these prices because if Apple doesn't want the product anymore, it makes it questionable whether anyone else will either.

Wishing this IRA had after hours capabilities so I could have sold at a much less worse price ($11+ easily)...

Stocktrader

Stocks100 said...

Hi Stocktrader,

Please do not lose perspective of a flawless execution by you until AH by ADNC.....

You have one more day in this week to hopefully sell ADNC & still come out AHEAD...i will call that a "victory of your diversification"......

Stay with your solid DD & look ahead......

Saleem

c said...

Stocktrader

I bought the iPad 3
16 gb, wifi and att compatatable, with GPS
2 cameras
This is way cool plus I have my my music installed __ all on iTunes

Apple rules

C

stocktrader_1996 said...

Hey Saleem,

One of the worst parts, besides the massive loss of course, is that ADNC was my way to play the phone & tablet revolution because they were participating in all those devices and gaining market share in a fast growing market. Now I'll have to find a different way to play that thesis and still have some good beta.

Stocktrader

stocktrader_1996 said...

Hey c,

Sounds like a great machine! I can't wait to see the new iPhone and iPadMini too! :)

Stocktrader