Wednesday, September 19, 2012

Indices UP .17% to .30%......NICE !!!!

Indices are UP after resting for two days.

 S&P 500 @ 1462.94

 RSI @ 71.12

 Internals are positive

 Oil Down $3.80

 Gold UP 90 cents

 Canadian $ Down 8 tick @ 102.52

 VIX Down 2.26% @ 13.86

 Portfolio is BIDU,DNKN,EXPE,LVS,LEN

 Most stocks are UP

 @ 201 following are down :

 PANW,HPQ,JCP,PCLN,FCX,COH,SU,
LRCX,BRCM,BWLD,CCJ,ECA,MS,
YHOO,GS,IBN,CLF......

 BLOG does NOT give buy or sell.

 Saleem
at

9 comments:

  1. stocktrader_1996September 19, 2012 at 12:38 PM

    Hey Saleem,

    I did sell the hedge and bought SPLK, PANW, FIO, and half PFPT. Two days of trying to sell off without success means we likely go higher.

    Stocktrader

    ReplyDelete
  2. Stocks100September 19, 2012 at 12:47 PM

    Hi Stocktrader,

    I am glad you are 100% long.

    Good luck with your add on.

    Saleem

    ReplyDelete
  3. stocktrader_1996September 19, 2012 at 3:27 PM

    Hey Saleem,

    I was torn between a TZA that might still rise versus my researched companies that I think can also rise. I am unprotected now, so hopefully my companies can outperform if downside occurs.

    Stocktrader

    ReplyDelete
  4. cSeptember 19, 2012 at 4:13 PM

    SALEEM

    Take a look at NSC
    Got hit bad after hurs on earnings

    I May get some tomorrow

    Thoughts
    C

    ReplyDelete
  5. stocktrader_1996September 19, 2012 at 4:40 PM

    Hey c,

    Good idea on NSC. I wonder if $69 is a good price?

    Stocktrader

    ReplyDelete
  6. stocktrader_1996September 19, 2012 at 4:50 PM

    Hey c,

    NSC will be explaining more at a conference tomorrow at 11 AM (had to preannounce to discuss). Maybe it would be wise to wait until we hear more?

    Stocktrader

    ReplyDelete
  7. Stocks100September 19, 2012 at 5:21 PM

    Hi Stocktrader,

    I know its hard when you are torn between two opposite good ideas.

    I think VXX may be a better hedge when VIX is below 13.....i may try that @ some stage of extreme froth.

    Saleem

    ReplyDelete
  8. Stocks100September 19, 2012 at 5:27 PM

    Hi C,

    Thanks for your alert on NSC...never tried railroad..dont know anything about this business.

    Saleem

    ReplyDelete
  9. cSeptember 20, 2012 at 4:58 AM

    Hello to all
    A great morning here of the Chesapeake
    Thanks to you guys for your replies
    I always scout for buys
    Warren Buffett loves the RR's
    J . C ramer says buy buy
    Well tha could be bad?
    Best to Ll good luck
    C

    ReplyDelete