Yesterday reading Alan Greenspan’s news on possibility of US going into recession , I told myself may be I should sell some of my stocks to make profits and its too late that by end of trading today DOW already lost 400 plus points.One of the reasons cited in that article is thinning of profit margins for bigger corporates in US.Here is article on how stock prices get high valuation because of high profit margins.Citigroup besides other bigwigs in the industry reported lower profit margins.Straight eighteen quarters of higher profit margins until 2006 made stocks over valuated.Now looks like the steam is settling down with heavy sell offs as witnessed today.Greenspan’s comments in Hongkong might have caused the reality that sent first Chinese market plunge into losses which cascaded to Newyork exchanges this morning.
One single day my losses are around 200 plus dollars –
, Find to the left how all stocks irrespective of the sector lost dollars, RadioShack saved day by 12% a day increase as it reported strong quarter earnings yesterday.Good lesson learnt is that how good balanced portfolio does not matter and all the paper money disappears in a day.
Some of the positive news of consumer confidence and economists downplaying Greenspan’s future predictions did not help market today. May be it is too late too dump some of these stocks or may be not
.Tomorrow or in fact the whole week is interesting to watch.
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RSH–Bouncing off the bottom of the bigger trend line..any lower than fridays OPEN..take your profits..
BSX– Has to break 16.25 to confirm an uptrend–Draw a trend line connecting the bottoms for the last week’s action..don’t let it slide down below that–Cash is King..
CHK–big money left the stock during the May 7/14 week–see those 2 large volume pillars…
I think it saw a double top and will be in a downward trend–Dont let it slide below fridays OPEN..(stop loss)
CSCO–dont let it slide below fridays OPEN.
LUV—It is at a bottom..dont let it slide any lower than 14.10–if it breaks 14…you might be trying to catch a falling knife..
MA–dont let it any lower than Fridays OPEN—You might see a very long sideways movement on this!!!
MSFT–it ahs to crosee 31 to go anywhere….My gut feeling..it has already overstepped its bullish trend line..and now the same trendline will act as Resistance–
PFE–Shouldn’t ahve allowed it ot break the bullish trend line..But…25.5 is a good entry again..as it will confirm with the 2 yr trendline..I’m positive it’ll slowly trickle its way there..
Haffun!!!
Vishal
WOW thats detailed..I’m repositioning some of them and stock market seems to be going down for 1st and 2nd week of June’07..
Hi Everyone.
Your blog is nice and informative. We think your visitors will like this posting.
We all know that Indian stock market has become volatile now a days. One day its going up and another day its coming down. So we all should like to know
what is the reason for it.
Well We say its the game of FII how they direct the market. They have huge money with them they can direct any share as per there needs and requirement.
Now its a alarming time.
We suggest you to be very much beware now as year closing of FII is on the cards. There year closing is based on year to year basis. Not like ours i.e. March.
So many will try to invest more money and rest will try to take there profit back home. In this scenario its best to follow market trend and work with small
quantity. Just wait and watch.
Warm Regards
SHARETIPSINFO Team
09899056796
09891655316
09891890425
Indian stock market
Hi Everyone.
Your blog is nice and informative. We think your visitors will like this posting.
We all know that Indian stock market has become volatile now a days. One day its going up and another day its coming down. So we all should like to know
what is the reason for it. As in the last post we have mentioned that FII are the main reason, but now to there are few more factors adding to worries, they are:-
1. FII profit booking.
2. Political issue – Indo-US nuclear issue.
3. 25 Basis cut which was expected by US people of atleast 50 basis.
4. Low volumes due to holidays in coming week.
We suggest you to take bit long positions right now as market is volatile so don’t prefer intraday trading for few days.
All scripts are currently trading at low price hold them for 10-15 days so gain maximum.
Regards
SHARETIPSINFO Team
09899056796
09891655316
09891890425