They say September is the time to buy tech stocks.  I don't know.  Perhaps.

I have Apple and Salesforce in my portfolio from tech sector.  I feel strongly about both of them.  

Apple will probably soar when iPhone5 is released.  Maybe even to $500 or higher this time around next year.  I am thinking of loading up some more on AAPL.

Salesforce seems to be leading the market in Cloud Computing arena.  As recession looms, I think more and more companies will move their infrastructure into the Cloud and Salesforce stands to profit.  I am hoping to see some level of bounce on the stock price now that Dreamforce convention is over.  

I also have NOK and UMC, somewhat from tech sector these two, that I am fixing to sell.

on my watch list
PCX, SYMC, MPEL, HERO, CRZO

Here are few stocks that are worth investing in, imho:

1. JNPR
2. NVDA
3. BAC
4. AA
5. GS

And if you have not already done so, putting some money in AAPL before iPhone5 comes out, seems to me as a sure bet.

What do you think?
 

Here are some of my picks.

FCX -Buy - 40-41 ,   Short term target 47, Sell if it goes below 40
CAT - Buy  80-82,     Short term target 95, Sell if it goes below 79
QCOM - Buy 50-51, 

Speculation plays - JASO 2.50,  Short term target 3.50.

For hedging purpose, Short NFLX

Did the market bottom already, now that China's and all the BRICs are bailing out Europe......

Dyaummm NFLX S/S $$$$$$$   @ team player, did u already cover?

JASO is killing me..brought @ 6.00 now down under 2.50. What the hell

Team Player, I hope you made mucho dinero with NFLX short.  Shorting is too risky for my appetite.  

So what's going to happen with Netflix?  I was hopping mad when they hiked up the price and thought of cancelling subscription.  But then, there aren't any real competitors to Netflix out there.  It still is the best deal in town.  I guess lot of people thought otherwise and cancelled their subscriptions.  Plus that Starz deal that fell through.  I hope Netflix can figure things out.  

The question is, is this a buying opportunity or is NFLX heading further south.

Dalbhat, that is painful.  So just what is up with these solar stocks?  Solyndra going bankrupt.  FSLR in similar doldrums.  I am going to stay with oil and gas for now.  I got EOG in that sector.

@ dalbhat , i think you asked previously about JASO too , and here was my post  from june

@dalbhat

for JASO i think it bottommed off a couple of days ago....it jst made a higher high...look for a higher low but if it hits that previous lower low of  5.00  then its an ultimate sell ..it should lows make a couple of days and then trend upwards ....if it actually is starting an uptrend
  it has resistance around 5.75 and 5.83 area ...when it is making a the next high watch that area too
(i would sold way earlier today ...but thats jst me...a DAYTRADER )

I am sorry to say JASO is not going up to where you bought it , at least not in the near future



I am just advocating the importance of  technicals here ....

as Team player said , 2.50 buy for jaso for a speculative play...2.50 is one of its bottoms from around a year ago i think....its consolidating pretty well at 2.51-2.52....lets see if the 50s hold for a play to the next resistance...

just opinions of an arrogant kid fresh out of college

sorry 5.00 res annotation on the chart should have been 5.75

Team player,
good call on NFLX.....it was bound to go down

Looks like we have started believing here on market bottom for this summer.
Any chart watchers???? Tyranny posted S&P chart above.....i see a clear bear flag forming....personally i believe market has made its bottom for this year....but still thinking how that bear flag will play out....bears are still out there growling...after test of 1235-1260 on S&P, we might see a violent jerk on downside attempting to takeout 1140-1120-1100. If we break out above 1260, year lows will be already made.
Happy Investing/Trading Folks

 Added JNPR to my portfolio.

Italy downgraded....looks like bear flag might play out ....lock in your stop losses

Tyranny, do you recommend any good book or website on technical analysis?

Glad that I bought JNPR earlier because Cramer did a whole segment on it later.  He seemed to agree with my thoughts that this stock has hit the bottom.  Let's see how it does going forward.

@Nepali_American,

Cramer surely moves stocks...the cramer effect, active traders capitalize on the cramer effect he is one of the pumpers hehe ..is all , besides being loud and obnoxious. I got nothing against the guy except for the fact that I dont like him...but boy he is obnoxious...and if you have noticed he is against technicals and all for dividends


Stockcharts.com for delayed data its free,It has a chartschool or something

papertrading account on Thinkorswim for realtime streaming charts(their other data is not real time)

I am not a big fan of books...have not read a single book about stock trading.

I have gotten a couple of pm s about learning to trade/technicals...I myself asked questions here in sajha before but got no response..so I had to learn the hard way(by losing money)

Its not much that i know, (experts please correct me if i am wrong) but here's what i know ...

Start out with candlestick charts...learn what each candle means

technical indicators I like- VOLUME, MACD , RSI , On balance Volume , Parabolics

Then move on to trends and patterns ( feri ali ali pattern milyo bhandaima jabarjasti milaidine chai haina ni ...hehe..at least thats what i did sometimes)

it all boils down to how to read and interpret the charts properly..not google finance charts but charts with studies in them

and then finally strategize...entry and exit points, where to take profits and the most important WHERE TO CUT LOSSES..

Good luck

Thanks Tyranny.  I think I am getting the hang of it.

I am seriously getting beat up in this market. First of all, S should I wait for its turnaround or just sell it, I have zip, GM and GLD, thank god I got out of BAC. Any recommendations for most buy guys. I always thought Appl was too expensive but its still increasing by leaps and bounds.

 BAC inching down towards  6.  S inching up toward 3.5.  I might buy some BAC as it hits the low and bounces up a little.  I might sell S as it passes 3.55.  Dunno about GM.  But am holding GLD for now.

BAC just got downgraded 6s might not even hold and even if it held..it would be good jst for a scalp

Fed statement at 2.15 eastern operation Twist.

ZIP nearing its previous bottom ...watch if it holds 17s

GM watch bottom, nothing definitive as of yet

As for S, the announcement of iphone 5 is gonna burn Sprint, keep up with the VZ and T merger, the last time T got slammed with antitrust issues S was on rocket fuel

GLD is holding pretty good , I think you are up on this one arent you anon? Take some profit the next time it retests highs

I am long some NFLX on chatter that they are gonna announce some billion dollar investment with Microsoft today....and the candle today as of yet looks prime for a bounce


Just my opinions
G luck