Wednesday, October 10, 2012

Indices down .34% to .79%....

Indices are going through normal corrective phase & getting "near support".

S&P 500 @ 1434.52, low so far 1430.64

50 DMA @ 1425.94...major support

Internals are negative

Oil Down 62 cents

Gold UP 20 cents

Canadian $ Down 24 tick @ 102.00

VIX Down .86% @ 16.23..giving signal of a "turnaround"

Portfolio is APKT,BIDU,DNKN.LVS,JCP,RIMM,YHOO....

Most stocks are down

@ 2.01 following are green :

BIDU,RIMM,AUY,CRUS,GG,YUM,LULU,AAPL,PANW,
LEN,MU,BWLD,ARNA,MCD,SLW,SINA,BJRI,GS,C.....

BLOG does NOT give buy or sell.

Saleem


7 comments:

stocktrader_1996 said...

Hey Saleem,

I've got a full position cash to allocate. I'm thinking about PRU or WWWW now, but possibly waiting for some post-earnings irrational selloff? Any thoughts or ideas?

Stocktrader

Stocks100 said...

Hi Stocktrader,

LNKD,EXPE are two suggestion for your analysis.

Saleem

stocktrader_1996 said...

Hey Saleem,

Hmmm...LNKD is pretty interesting here. It's not a name I am normally comfortable with, but being the only real "go-to" professional networking website is powerful, and the chart looks pretty good for a rebound--I will consider this one further. Thank you for the idea! :)

Stocktrader

stocktrader_1996 said...

Hey Saleem,

Bought half position LNKD at 111.75. I might add more, not quite sure yet, but definitely thanks for the pick! :)

Stocktrader

Stocks100 said...

Hi Stocktrader,

You are welcome !

Good luck with LNKD.

Saleem

stocktrader_1996 said...

Hey Saleem,

I decided to use the other half position to buy PFPT at 13.074. I am highly constructive on this quarter's earnings and guidance, so it's a name I felt I should be in at least halfway.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with PFPT...

Saleem