Nasdaq is down while Dow & S&P 500 are UP.
S&P 500 @ 1384.88 after dipping to 1371.39
Internals are negative
Oil Down 34 cents
Gold Down $6.10
Canadian $ Down 14 tick @ 99.85, lower than US$
VIX down 1.98% @ 16.35
In my Portfolio :
Sold BIDU
Bought CF @ $198.05
Bought JCP @ $17.72
Portfolio is AMZN,CF,LVS,JCP
Exposure 58%
Most stocks are down
@ 2.20 following are green :
AMZN,CF,LEN,AAPL,M,YHOO,PANW,
CMG,NFLX,FFIV,SNDK,PCLN,KORS,
LULU,FCX,LNKD,MA,QCOM,EGO,
MLNX,WYNN,EGO.....
BLOG does NOT give buy or sell.
Saleem
8 comments:
S
Is BIDu a dead tock for us
is it's run over
It is a week performer
I have been concerned for a while about its price
BIDU is one tough stock
C
Hi C,
BIDU has broken down technically...
Saleem
Hi S
On JCP did you see this article??
Ratings has lowered its ratings on J.C. Penney Co.(JCP) two notches, citing the retailer's "dismal" third-quarter performance and Fitch's concern that Penney's top line will likely get worse.
Fitch downgraded Penney to B from double-B-minus, leaving it five steps into junk territory. The outlook is negative.
The ratings firm said sales declines continued to accelerate during the third quarter, and the top line could worsen during the holiday season, when promotional events tend to pick up to drive traffic.
Fitch noted that for the next year, "there is a lack of visibility in terms of the company's ability to stabilize its core business, which currently accounts for 90% of its footprint," and said it "remains unclear whether the new shops and merchandise offering can offset any continued declines in the existing business in [the] second half" of next year.
According to Fitch, Penney "continues to struggle in terms of moving toward a more everyday-value strategy with significantly reduced promotions." Fitch said Penney's recent changes around its promotional stance further pressured volume, and it noted that same-store sales fell 26% during the third quarter, versus an average of 20% in the first half of the year.
I do like CF
Look at RNF doing good for me
C
Hi C,
Best time to buy "sometimes" is when everybody has turned negative.....which may be priced in for JCP....
Saleem
S
You know what that is just plain
awesome comment......
we may get a pop tomorrow?
best to you
C
I am still holding my BIDU to see what tomorrow brings
C
Hey Saleem,
Even though my strategy is currently working well, it pains me to see my "to-buy" stocks like GGC rising so nicely. I've held off repurchasing during this small rebuy phase because I fear home sales could see a noticeable blip during these uncertain months. I hope I get a chance to buy $38-$39 again.
My portfolio was up 0.95% today with both the market short gaining but also many stocks up too. That's the way I envisioned it, but it rarely works that well! :)
Looking towards CSCO's guidance...
Stocktrader
Hi C,
Thanks for your feedback.
BIDU needs "positive news" to get strength....
Saleem
Hi Stocktrader,
CSCO news is good so far.....guidance is what market needs.....
For me it was a 2.63% down day.....
Great $$$$day for you.
Saleem
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