iBankCoin
Joined Jan 27, 2008
7,297 Blog Posts

Morning Update

What do we have here? The market down another 150 points, Ha. Let’s take a look a the fantastic four:

[[SKF]]

Chesapeake Energy Corporation [[CHK]]

Celgene Corporation [[CELG]]

Apple Inc. [[AAPL]]

All in great shape, and all paying dividends. I have yet to take a big position in AAPL, but do own some in the IRA. Speaking of my IRA, NVIDIA Corporation [[NVDA]] is lighting that account on fire this morning, but that’s another blog.

Back to AAPL for a second. There seems to be strong resistance around $180, above that is where I will enter my trade.

Canadian Solar Inc. [[CSIQ]] did not work out as planned, sold at the open for a small profit (basis was $26.xx).

Amazon.com, Inc. [[AMZN]] is still in pullback mode, however should the market gain steam, this is one you want to pull the trigger on.

Sorry for the late updates this week, but I’m in the process of buying a home.

Long live SKF!

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4 comments

  1. boca

    That’s good news about buyng a home Cajun. I’m happy for you and your fiancee.

    I was afraid to hold NVDA through earnings, since I’ve gotten blasted so many times already this summer when I held through earnings. Will have to keep an eye on that one.

    I had a nice trade in SKF this AM.

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  2. CubsRock

    Felt like a bottom in UNG today, wouldn’t doubt it if CHK breaks through 200 day.

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  3. scott

    I am also sensing a bottom in other energy related names as well. Take a look at the uranium sector…DNN, FRG, URG popping big.

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  4. Cajun

    Watch AMGN here

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