Tag Archive

Don’t Buy What You Don’t Understand

By Faisal Laljee

A friend of mine asked me recently: “Would do you think of Citibank’s stock. I understand the current situation of the finance sector, but what do you think of Citibank?” This is not the first time someone has asked me. A cousin of mine told me he bought Citibank at $5 and I told... »

Wall Street Bail Out

By Faisal Laljee

The government opened up $700 billion to our banking institutions. Some argue that Hank Paulson is partial to his friends at Goldman Sachs. Afterall, these same companies paid out millions of dollars in bonuses to their execs just last year – execs who are supposed to safeguard investor interests. First, the mortgage crisis was... »

Sell Goldman Sachs

By Faisal Laljee

Financials look worse everyday. Today’s AIG move, along with Lehmann’s precipitous fall is alarming. I am looking to get out of my Goldman Sachs (GS). Everyone keeps talking about the fact that these are the smartest guys. I can’t believe they while Bear, Lehman and everyone else screwed up so bad that GS did... »

Bargain Shop with Microsoft

By Faisal Laljee

The market is definitely in need of a really bad day. A day that will have many an individual investor throw in the towel. A day that traders call CAPITULATION. This is when the market opens down huge or gets clobbered early on only to make a late day recovery. Typically, this signals a... »

Goldman Sach’s Heading Lower

By Faisal Laljee

Make no mistake, I love Goldman Sachs (GS), but the entire industry is in a funk. I was expecting the stock to bottom out at $190, but yesterday’s close and the mortgage hedge fund stink created by Bear Stearns tells me that the stock is headed to $160. I cancelled my buy orders at... »

What Stocks Should You Buy in This Correction?

By Faisal Laljee

I recently had the good fortune of listening to James Altucher speak at a conference, and one of the things he mentioned was how buying and holding a stock for 2 days on the heels of a 3 day consecutive sell off in that stock was a historically proven way to make some smart... »

Contrarian Approach Tells Me to go Long Amazon and Short Goldman Sachs

By Faisal Laljee

I have been shorting Amazon for a long time and have lost my shirt on it. But everyone hates it, which leads me to believe the stock will not be going down anytime soon. On the other hand, everyone think GS is cheap and will go up. I wonder if the stock will go... »

Down Market Was Predicted and it Finally Happened

By Faisal Laljee

Back on February 7th, in my post labeled Markets Marking Time, I said: Every month that the market moves forward gives me more reason to be less bullish. I am still cautious going into Feb and March and I recommend investors lock their gains before the selling hits – the market has to correct... »

Create Your Stock Shopping List But Wait for Lower Prices

By Faisal Laljee

The market could go down further today, or even recover a little and then sell off. Most traders might use the slightest recovery to sell what they didn’t sell yesterday. After all, it is not everyday that 498 of the S&P 500 are down. Wait before you start buying and try to hold what... »

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