Thursday, May 2, 2013

Indices @ new highs....NICE !!!!!

ECB lit a fire on world markets by cutting rate by .25% & promising more in conference call.

 Indices UP .85% to 1.36%

 S&P 500 @ 1598.02, high today so far 1598.58

 Internals are positive by almost 3 to 1

 Oil UP $2.14

 Gold UP $21.40

 Canadian $ UP 5 tick @ 99.22

 VIX Down 5.52% @ 13.69

 Portfolio EBAY HMC JCP BBRY AUY

 Most stocks are UP

 @ 2.00 PM following are red :

  KOG COH POT TZA CLF GG CIEN
FSLR CCJ AGU ECA.....

 BLOG does NOT give buy or sell.

 Saleem

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2 comments:

  1. stocktrader_1996May 2, 2013 at 3:26 PM

    Hey Saleem,

    I just finished with the WPRT conference call (it was the longest I've been on in a while). They seem to be hitting an inflection point in many/all of their business lines/joint ventures right now. Different from last quarter, I can see the profitability paths in many of those areas. Given that, I have no inclination to sell like before. I don't know whether the stock will respond tomorrow or if it will be driven by future news, but I have a comfort level with just holding.

    Stocktrader

    ReplyDelete
  2. Stocks100May 2, 2013 at 3:43 PM

    Hi Stocktrader,

    Thanks for your analysis of WPRT ER & cc.

    It is an emerging technology...when its all happening then the price will be much higher.

    Good luck with WPRT.

    Saleem

    ReplyDelete