Indices are taking on the chin as Fed is doing what is prudent.
S&P 500 @ 1601.24 low 1599.45
Internals are negative minimum 4 to 1
European exchanges closed down 2.62% to 3.66%....
Oil Down $3.02
Gold Down $91.20 low today $1282
Canadian $ Down 1.03 Cent @ 96.25
VIX UP 12.56% @ 18.73, high today 19.50
Portfolio EBAY KOG BBRY AUY
Most stocks are down
@ 1.59 following are green :
TZA AMCC FNSR .....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hey Saleem,
As you might imagine, I've been staring at PFPT ever since I sold it. It is holding up so well but the chart still looks like it is stalling out, although that could be a product of the market and not the stock itself.
I suppose I'll have to buy it back?
Stocktrader
Hi Stocktrader,
You have quite a few winners today SODA MODN.....& your old love PFPT.
I think PFPT goes higher.
Saleem
Hey Saleem,
Bought PFPT @ 23.172. If it can survive a 330 pt downturn, I need to be in, especially when I believe in the story and only sold for overbought reasons.
Stocktrader
Hi Stocktrader,
Always follow your heart.
Good luck with PFPT$$$$$
Saleem
Hey Saleem,
ORCL's conference call just finished. They seem to be hitting an inflection point in many of their existing product lines and some new, revolutionary products look to hit the market this year.
The guidance they gave was mostly "inline" with the consensus, but seems very conservative based on their other commentary and tone.
Although they are a large slow-moving ship, I think this selloff is overdone. I like the stock here (~$30.50), especially with the updated buyback program and 100% increase in dividend--they just have so much cash flow to share! :)
Stocktrader
Hi Stocktrader,
Thanks for your recap of ORCL cc.
YES..it is near support in AH.
Saleem
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