Indices are down again reflecting indecision about election & weak earnings.
S&P 500 @ 1409.13, low today @ 1405.95 this IS higher low from Friday of 1403.28
RSI @ 37.48
Internals are mostly negative
Oil UP 63 cents
Gold UP $8.10
Canadian $ Down 6 tick @ 100.01
VIX UP 5.28% @ 18.75
Portfolio is APKT,AMZN,BIDU,LVS,LEN,PANW,YHOO
Most of the stocks are down
@ 1.52 following are UP :
LVS,LEN,SU,CMG,AUY,DNKN,EXPE,TCK,NFLX,
CRUS,AEM,GG,KORS,LULU,LNKD,POT,GOOG,
RIMM,MA,EGO,SLW,CCJ,MGA,BAC,MS,MLNX,
WYNN,AGU,GS.....
BLOG does NOT give buy or sell.
Saleem
HELLO to all
ReplyDeleteBIDU is taking it on the chin today!! earnings were a miss...
The REITS are coming back up; NLY ARR AGNC TWO
NCT is my goodie
I like GE at this price
Good luck
C
Saleem,
ReplyDeleteI got hit on RVBD. $1 billion for OPNT was not expected.
Will BIDU be fine looking forward?
Michael
Hi Michael,
ReplyDeleteSorry to hear about RVBD..i say stay in for a turn....
BIDU will be more than OK....i expect BIDU to go green on Thursday.....EPS was a huge beat of 11 cents...China & the world has slowed down big time & BIDU came awfully close to consensus Sales......BIDU is guiding $200K less in Sales...NOT an earth shattering gyuide down....look @ high fliers about their earnings & guidance...then you will feel lot better....
I am staying in BIDU.....
Saleem
Go SALEEM
ReplyDeleteStaying with BIDU
show conviction!! I may buy some today to see if the pain is going to make it fly UP.....
Michael
so sorry about RVBD
Did you sell apple ???????
I held it and I was so shocked when 2 important people from Apple were fired.....
C
Hi C,
ReplyDeleteI am currently down 5.07% from my buy price......
Every company has to deal with Chinese slowdown which gives BIDU lot of room to grow within six months...BIDU price today reflects discounted value.
Saleem
SALEEM
ReplyDeletethanks so much for feedback on BIDU
I did not know your buy price for BIDU but assumed that like me your in the red.
I did rebuy SFL ==you may want to join me $15.47 it is
a good entry price for a swing trade at $16-17
best of luck and again thanks for your views on BIDU--I like a price discount
C
Saleem,
ReplyDeleteThanks for your note on RVBD and BIDU. I may enter BIDU soon.
Michael
C,
ReplyDeleteNo, I did not sell AAPL. However, I was lucky on AMZN and sold it to take a profit. This was enough to offset the losses on RVBD and AAPL.
Michael
MICHAel
ReplyDeletethanks for that
I am smiling now
I love success--Great trade
Success is like the smell of napalm in the morning! (Smile) I was in Vietnam..
Now we need BIDU and APPLE to pop.. I Was oh so hoping Apple would hold $600 --hmmm
C
Hey Saleem/all,
ReplyDeleteGood afternoon after a surprise long weekend! CRUS's numbers look pretty good after the bell here--halted until 4:30. It would be nice see a good post-earnings reaction as I've taken a lot of lumps recently (FIO, PANW, GHDX, GWAY, SPLK to name a few!)
Stocktrader
Hi Stocktrader,
ReplyDeletePlease post your recap of CRUS cc.
Good luck !!!
Saleem
Hey Saleem,
ReplyDeleteI'll post more when I have better time (kind of crunched at the moment), but I think the reason for the AH sluggishness is the company's guide for a 15% sequential revenue decline in the March quarter. I think some people are suddenly uncomfortable with how much cyclicality there is surrounding Apple product launches.
Stocktrader