SOHU'S earnings is after close tuesday.SOHU is expected to BEAT the estimates due to its strong ramp in pre olympics advertizing.
SOHU is among the many exclusive advertizer for Beijing Olympics.
BIDU upside came from ad revenue and its upside guidance was also due to higher ad revenue expected.
SOHU numbers are following :
Sales Q1 Consensus estimate $33.37 million
Sales Q2 Consensus estimate $36.81 million
EPS Q1 Consensus estimate 15 cents
EPS Q2 Consensus estimate 18 cents
As you can see from above numbers SOHU will be showing sequential gain Q/Q in both Sales & EPS.
I do expect SOHU to beat Q1 EPS estimate when they report.......stock should see an expected JUMP if EPS comes out AHEAD of consensus.
CHINA is also showing signs that it may move UP quickly.......retested its SUPPORT today & closed in GREEN in a bad market.
I have NO position in SOHU or CHINA.
Please do your OWN due diligence.
BLOG does give buy or sell.BLOG is for educational purpose only.
Good luck on your trades.
Saleem
Monday, April 30, 2007
Month End & Worries caused today's DROP !!!
Stock markets was weak today as some investors locked in their profits ahead of some data points & mildly OVERBOUGHT conditions.
Dow Down to 13063 -58.03 - .44%
S&P Down to 1482 -11.70 -.78%
Nasdaq down to 2525 -32.12 -1.26%
Dow showed the most resiliency after a phenomenal RUNUP.
As usual Nasdaq is showing relative weakness down almost TRIPLE of Dow.
Casino stocks were weak like LVS down $3.72 to $85.19 & MPEL down 51 cents to $17.42.
WFR continued its weakness down another $2.66 to $54.88.
GOOG down $7.63 to $471.38,RIMM down $3.17 to $131.58.
AAPL is showing relative strength down only .12 cents to $99.80.
Most stocks gave UP their gains by end of the day and ended in RED.
I took advantage of this sell off by buying STP @ $36.19.........which I had sold few days ago for $38.50.
The weakest stock in my portfolio was SIRF down $1.07 to $24.26.
Weakness in stocks or markets are viewed by me to improve the quality of my portfolio.I generally buy on weak days & sell on stronger days ...If I have profit in any of my position.....unless it is a core position for long term.
Good luck on your trades.
BLOG does not give buy or sell on any stock listed above.BLOG is for educational purpose only.
Saleem
Dow Down to 13063 -58.03 - .44%
S&P Down to 1482 -11.70 -.78%
Nasdaq down to 2525 -32.12 -1.26%
Dow showed the most resiliency after a phenomenal RUNUP.
As usual Nasdaq is showing relative weakness down almost TRIPLE of Dow.
Casino stocks were weak like LVS down $3.72 to $85.19 & MPEL down 51 cents to $17.42.
WFR continued its weakness down another $2.66 to $54.88.
GOOG down $7.63 to $471.38,RIMM down $3.17 to $131.58.
AAPL is showing relative strength down only .12 cents to $99.80.
Most stocks gave UP their gains by end of the day and ended in RED.
I took advantage of this sell off by buying STP @ $36.19.........which I had sold few days ago for $38.50.
The weakest stock in my portfolio was SIRF down $1.07 to $24.26.
Weakness in stocks or markets are viewed by me to improve the quality of my portfolio.I generally buy on weak days & sell on stronger days ...If I have profit in any of my position.....unless it is a core position for long term.
Good luck on your trades.
BLOG does not give buy or sell on any stock listed above.BLOG is for educational purpose only.
Saleem
SNDK upgraded to BUY @ street.com $$$
Street.Com analyst upgraded SNDK to BUY today .
They are highlighting revenue increase of 26.1% over the past fiscal year.
Net operating cash flow reached $255.3 million in Q1 of 07 ...a jump of 386.7% over same quarter last year.
The company debt to equity ratio is below the computers & peripherals industry average.
It is nice to see that many analyst are warming up to SNDK.
My opinion is that SNDK will be a very good performer going forward.
Base metals stocks are lower today.
Please do your own due diligence.BLOG does not give BUY or SELL.BLOG is for educational purpose ONLY.
Good luck on your trades.
Saleem
They are highlighting revenue increase of 26.1% over the past fiscal year.
Net operating cash flow reached $255.3 million in Q1 of 07 ...a jump of 386.7% over same quarter last year.
The company debt to equity ratio is below the computers & peripherals industry average.
It is nice to see that many analyst are warming up to SNDK.
My opinion is that SNDK will be a very good performer going forward.
Base metals stocks are lower today.
Please do your own due diligence.BLOG does not give BUY or SELL.BLOG is for educational purpose ONLY.
Good luck on your trades.
Saleem
Markets fighting WALL of WORRY !!!!!
Todays tape so far..... is a classic battle of WORRYING about all negatives and looking BEYOND those issues.
Today also is end of the month cross current.
Exchange stocks are strong because of takeover of ISE.
NTES is taking a hit on delay of TX2.
Chip equipment makers are strong led by LRCX,KLIC.
NVDA,STP are higher.
Gold & Oil are weak today.
Nasdaq is lagging behind.........Dow & S&P are green.
Good luck on your trades.
Saleem
Today also is end of the month cross current.
Exchange stocks are strong because of takeover of ISE.
NTES is taking a hit on delay of TX2.
Chip equipment makers are strong led by LRCX,KLIC.
NVDA,STP are higher.
Gold & Oil are weak today.
Nasdaq is lagging behind.........Dow & S&P are green.
Good luck on your trades.
Saleem
Sunday, April 29, 2007
SIRF insiders BUYING big time !!!!
SIRF insiders went on a buying Stock Options binge as reported to Edgar on Form 4 on 26th April.The following is their purchase breakdown:
Michael Canning President & CEO Purchased Stock Options @ $25.16 X 50,000 Cash outlay of $1,258,000 not exercisable until April 24th,2008....
Kanwar Chadha VP Marketing Purchased Stock options @ $25.16 X 16,000 Cash outlay of $402,560 not exercisable until April 24th,2008....
Joseph Lavalle VP Sales Purchased Stock options @ $25.16 X 13,000 Cash outlay of $327,080 not exercisable until April 24th,2008....
Geoffrey Ribar Senior VP & CFO Purchased Stock Options @ $25.16 X 13,000 Cash outlay of $327,080 not exercisable until April 24th,2008.....
Atul Shingal VP Operations Purchased Stock Options @ $25.16 X 16,000 Cash outlay of $402,560 not excersable until April 24th,2008....
So all in all TOP 5 senior most management bought 108,000 Stock Options @ a cost of COOL $2,717,280
I am sure they ALL expect very good return for their $2.7 million plus investment......of all the people SIRF management should KNOW that !!!!!!
Please do your OWN due diligence.BLOG does not give buy or sell.BLOG is for educational purpose only.
Good luck on next week trade.
Saleem
Michael Canning President & CEO Purchased Stock Options @ $25.16 X 50,000 Cash outlay of $1,258,000 not exercisable until April 24th,2008....
Kanwar Chadha VP Marketing Purchased Stock options @ $25.16 X 16,000 Cash outlay of $402,560 not exercisable until April 24th,2008....
Joseph Lavalle VP Sales Purchased Stock options @ $25.16 X 13,000 Cash outlay of $327,080 not exercisable until April 24th,2008....
Geoffrey Ribar Senior VP & CFO Purchased Stock Options @ $25.16 X 13,000 Cash outlay of $327,080 not exercisable until April 24th,2008.....
Atul Shingal VP Operations Purchased Stock Options @ $25.16 X 16,000 Cash outlay of $402,560 not excersable until April 24th,2008....
So all in all TOP 5 senior most management bought 108,000 Stock Options @ a cost of COOL $2,717,280
I am sure they ALL expect very good return for their $2.7 million plus investment......of all the people SIRF management should KNOW that !!!!!!
Please do your OWN due diligence.BLOG does not give buy or sell.BLOG is for educational purpose only.
Good luck on next week trade.
Saleem
Stock Markets goes UP & UP & UP ????
Stock markets are going into record books for several days in a row.
Dow Jones Industrial Averages are @ an all time HIGHS lately.
Nasdaq is at new 52 week HIGHS.
S&P soon to follow ?????
So let us see where the next resistance levels are in each of those averages :
Dow Jones Technical Resistance 13,200
S&P 500 Technical Resistance 1,500
Nasdaq Technical Resistance 2,797
So the question of the day is................
Dow which is only 79 points away from resistance...is it ready for a REST or BLAST through this wall of worry number.
S&P 500 is only 6 points away from new all time HIGH............will it BUST UP to go into record books.
Nasdaq which is 240 points away from resistance................will it LEAD the other indexes into NEW & IMPROVED RECORDS..................
I personally think that the real focus should be on NASDAQ which looks the most HEALTHY @ this stage.
Nasdaq not only will LEAD the other indexes from this point ON...but the biggest GAINS will be in Nasdaq stocks going forward.
Lot of stocks in Nasdaq are forming a nice BASE to run from.
Stock Markets are READY to CLIMB the housing SLUMP WALL of WORRY...where every non-analytical types are FOCUSSED ON.
Housing SLUMP has caused 1 point drop in GDP and will continue to DRAG the GDP for the balance of this year.
But LOOK AHEAD to 2008.......... housing FIASCO will be in history books.........
And WALL STREET ALWAYS looks AHEAD...not in REAR VIEW......
Wall Street is a great DISCOUNTING mechanism...and it IS seeing the housing SLUMP....which will get WORSE before it gets BETTER.
When NEXT housing news comes out.... it will be WORSE...thus a healthy correction in OVERBOUGHT markets around end of May or beginning of JUNE.
So until that CORRECTIVE PHASE.....enjoy the UPTREND with NEW RECORDS all around.
So put on your OPTIMISTIC hat and do some old-fashioned trading...it is GOOD for your financial health.
And for those poor souls @ Elliot Wave.............they are proven WRONG AGAIN & AGAIN by a forward looking markets.
Please do your own due diligence and manage your risk with TIGHT STOPS.
BLOG does not give buy or sell.BLOG is for educational pupose only.
Saleem
Dow Jones Industrial Averages are @ an all time HIGHS lately.
Nasdaq is at new 52 week HIGHS.
S&P soon to follow ?????
So let us see where the next resistance levels are in each of those averages :
Dow Jones Technical Resistance 13,200
S&P 500 Technical Resistance 1,500
Nasdaq Technical Resistance 2,797
So the question of the day is................
Dow which is only 79 points away from resistance...is it ready for a REST or BLAST through this wall of worry number.
S&P 500 is only 6 points away from new all time HIGH............will it BUST UP to go into record books.
Nasdaq which is 240 points away from resistance................will it LEAD the other indexes into NEW & IMPROVED RECORDS..................
I personally think that the real focus should be on NASDAQ which looks the most HEALTHY @ this stage.
Nasdaq not only will LEAD the other indexes from this point ON...but the biggest GAINS will be in Nasdaq stocks going forward.
Lot of stocks in Nasdaq are forming a nice BASE to run from.
Stock Markets are READY to CLIMB the housing SLUMP WALL of WORRY...where every non-analytical types are FOCUSSED ON.
Housing SLUMP has caused 1 point drop in GDP and will continue to DRAG the GDP for the balance of this year.
But LOOK AHEAD to 2008.......... housing FIASCO will be in history books.........
And WALL STREET ALWAYS looks AHEAD...not in REAR VIEW......
Wall Street is a great DISCOUNTING mechanism...and it IS seeing the housing SLUMP....which will get WORSE before it gets BETTER.
When NEXT housing news comes out.... it will be WORSE...thus a healthy correction in OVERBOUGHT markets around end of May or beginning of JUNE.
So until that CORRECTIVE PHASE.....enjoy the UPTREND with NEW RECORDS all around.
So put on your OPTIMISTIC hat and do some old-fashioned trading...it is GOOD for your financial health.
And for those poor souls @ Elliot Wave.............they are proven WRONG AGAIN & AGAIN by a forward looking markets.
Please do your own due diligence and manage your risk with TIGHT STOPS.
BLOG does not give buy or sell.BLOG is for educational pupose only.
Saleem
Saturday, April 28, 2007
Technically Strong stocks FWIW
Here is a list of technically strong stocks.Please review fundamental analysis on each one of them.Be aware of events which may AFFECT future price of the stocks.
NYSE
WMG,CFC ,GM,TOL,CTX,MDR,POL,AV,CA,FRO,AAV,CHH,
ORB,ALY,ALU,
LTD,STP, CSC,XEC,BHI,CNE
NASDAQ
FDRY,PTEN,SOHU,EPEX,ELNK,APPB,SVVS,POZN,SUNH,TGIC,JNPR,
CHRW,
ISIS,
ADSK,AACC,SOMX,LNCR,CREE,ILMN,ATPG,CELL,FLOW,CYPB,VPRT
AMEX
XHB SPDR homebuilders ETF.
TSX (Toronto Stock Exchange)
POU,BTE.UN,OIL,ONR,BBD.B,HBM,KAB,EIS.UN,GND,TUN,DDS,FEL.UN,SW,BD,
CFT,CUR,LGY.UN,LAS.A
As you can tell that technicians are expanding their list of strong chart pattern stocks......so it must be that technicians are sold on the idea that it is a very strong bull market.
I generally concur on technical health of the markets..............but OUTSIDE events CAN affect the markets...........so stay DIVERSIFIED and BOOK profits as you go along..........or CUT your LOSSES QUICKLY.
My guess is that after 3rd week in May ...markets may be OVERBOUGHT on a temporary basis........so lighten UP in the 4th week of May.....or keep playing sector ROTATION.
Please do your OWN due diligence.The above LIST is NOT a buy or sell.BLOG is for educational purpose ONLY.
Good luck on your strategy.
Always KNOW what you are buying & why.
Saleem
NYSE
WMG,CFC ,GM,TOL,CTX,MDR,POL,AV,CA,FRO,AAV,CHH,
ORB,ALY,ALU,
LTD,STP, CSC,XEC,BHI,CNE
NASDAQ
FDRY,PTEN,SOHU,EPEX,ELNK,APPB,SVVS,POZN,SUNH,TGIC,JNPR,
CHRW,
ISIS,
ADSK,AACC,SOMX,LNCR,CREE,ILMN,ATPG,CELL,FLOW,CYPB,VPRT
AMEX
XHB SPDR homebuilders ETF.
TSX (Toronto Stock Exchange)
POU,BTE.UN,OIL,ONR,BBD.B,HBM,KAB,EIS.UN,GND,TUN,DDS,FEL.UN,SW,BD,
CFT,CUR,LGY.UN,LAS.A
As you can tell that technicians are expanding their list of strong chart pattern stocks......so it must be that technicians are sold on the idea that it is a very strong bull market.
I generally concur on technical health of the markets..............but OUTSIDE events CAN affect the markets...........so stay DIVERSIFIED and BOOK profits as you go along..........or CUT your LOSSES QUICKLY.
My guess is that after 3rd week in May ...markets may be OVERBOUGHT on a temporary basis........so lighten UP in the 4th week of May.....or keep playing sector ROTATION.
Please do your OWN due diligence.The above LIST is NOT a buy or sell.BLOG is for educational purpose ONLY.
Good luck on your strategy.
Always KNOW what you are buying & why.
Saleem
BUY in MAY..then go away !!!!
There is a latest buzzword on wall street that says "sell in may & go away" another INSTANT solution to a very complex world of investing.
The only logical solution to a very complex world of investing rest with one simple slogan which I have liked & practiced......... and that slogan is :
"Buy Low & sell HIGH"
This reality does not take a breather in any month including MAY.
Why there is such an interest in selling in MAY approach.......because Q4 & Q1 earning reports are generally strongest and Q2 & Q3 are seasonally WEAKER.This is a well known trend for technology & retail stocks.
Even in those sectors there is always stocks which are selling LOW for multitude of good reasons like temporary GLUT in inventory,product TRANSITION or bad EXECUTION.The idea is to recognize those TEMPORARY situation and BUY.
Some sectors generally do well during May to Sep like Oil,Gas,Refineries,Oil conglomerates,Base metals,Gold,Uranium.......and many many Exploration companies in Oi/Gas/Gold/Uranium/Base metals.
So the idea is to find companies with strong TURAROUND in Technologies & Retail plus capitalize on the stronger sector during May.
Strong technologies stocks are getting OVERBOUGHT & will get MORE overbought in the next 3 weeks of May........so a PRUDENT approach will be to LOCK PROFIT by 3rd week of May.
In my next report I will try to identify stocks which are technically strong or week as per many TECHNICIANS.
In the meantime always do your OWN due diligence.
This BLOG does not give BUY or SELL .BLOG is an educational tool.
Good luck on your selections.
Saleem
The only logical solution to a very complex world of investing rest with one simple slogan which I have liked & practiced......... and that slogan is :
"Buy Low & sell HIGH"
This reality does not take a breather in any month including MAY.
Why there is such an interest in selling in MAY approach.......because Q4 & Q1 earning reports are generally strongest and Q2 & Q3 are seasonally WEAKER.This is a well known trend for technology & retail stocks.
Even in those sectors there is always stocks which are selling LOW for multitude of good reasons like temporary GLUT in inventory,product TRANSITION or bad EXECUTION.The idea is to recognize those TEMPORARY situation and BUY.
Some sectors generally do well during May to Sep like Oil,Gas,Refineries,Oil conglomerates,Base metals,Gold,Uranium.......and many many Exploration companies in Oi/Gas/Gold/Uranium/Base metals.
So the idea is to find companies with strong TURAROUND in Technologies & Retail plus capitalize on the stronger sector during May.
Strong technologies stocks are getting OVERBOUGHT & will get MORE overbought in the next 3 weeks of May........so a PRUDENT approach will be to LOCK PROFIT by 3rd week of May.
In my next report I will try to identify stocks which are technically strong or week as per many TECHNICIANS.
In the meantime always do your OWN due diligence.
This BLOG does not give BUY or SELL .BLOG is an educational tool.
Good luck on your selections.
Saleem
Friday, April 27, 2007
Markets STRONG inspite of economic news !!!
Today markets are confirming my thesis that this is a very strong BULL market which has withstood:
Shanghai drop.
Technical HICKUPS.
Elliott Wave CRASH prediction.
Yen Carrytrade.
Sub Prime collapse.
Dollar weakness.
Stagflation....latest BUZZ word.
Fasten your seat belt we are going MUCH HIGHER....of course with required healthy correction along the way.
If I were you.............I would expand my portfolio going into next weeks trading.........in plain english buy today for next week.........based on your own due diligence & comfort level.....but please stay DIVERSIFIED.
Good luck on your decision.
BLOG does not give BUY or SELL....just OPINION for educational purpose !!!!
Saleem
Shanghai drop.
Technical HICKUPS.
Elliott Wave CRASH prediction.
Yen Carrytrade.
Sub Prime collapse.
Dollar weakness.
Stagflation....latest BUZZ word.
Fasten your seat belt we are going MUCH HIGHER....of course with required healthy correction along the way.
If I were you.............I would expand my portfolio going into next weeks trading.........in plain english buy today for next week.........based on your own due diligence & comfort level.....but please stay DIVERSIFIED.
Good luck on your decision.
BLOG does not give BUY or SELL....just OPINION for educational purpose !!!!
Saleem
SIRF has found SUPPORT & moving UP !!!!
SIRF tested & retested its support below $25 for several days and held.
$24.80 area was a major battle between short & long and it held for several days in a row.
SIRF is a GPS chip maker with several copyrighted technology.
SIRF major customers are Garmin , Tom Tom and many others worldwide.
SIRF is being used in cell phones,cars for GPS positioning.
SIRF chips future use will expand in every gadget which is either portable or moving.
SIRF is @ an attractive price and appreciation is looking good $$$$.
SIRF $30 is an immediate target.
Good luck on your due diligence.
This BLOG opinion is NOT a buy or sell.
Saleem
$24.80 area was a major battle between short & long and it held for several days in a row.
SIRF is a GPS chip maker with several copyrighted technology.
SIRF major customers are Garmin , Tom Tom and many others worldwide.
SIRF is being used in cell phones,cars for GPS positioning.
SIRF chips future use will expand in every gadget which is either portable or moving.
SIRF is @ an attractive price and appreciation is looking good $$$$.
SIRF $30 is an immediate target.
Good luck on your due diligence.
This BLOG opinion is NOT a buy or sell.
Saleem
SNDK ,CSCO & JBLU looks attractive !!!
SNDK is going through finding its support and in the process of making a very strong bottom.
Once all the sellers are flushed out in this heavy volume,SNDK should be in a major UPTREND mode.
JBLU was downgraded today,so it is the final nail in the coffin.Looks extremely ATTRACTIVE @ current price.JBLU looks like it is @ a major support and will find the bottom today.
CSCO reports following tuesday the 8th of may and should beat the estimates and will guide higher.Should make new 52 week high after ER.
STP below $37 is a good entry point.
Please do your own due diligence.
BLOG opinion is NOT a BUY or SELL.
Saleem
Once all the sellers are flushed out in this heavy volume,SNDK should be in a major UPTREND mode.
JBLU was downgraded today,so it is the final nail in the coffin.Looks extremely ATTRACTIVE @ current price.JBLU looks like it is @ a major support and will find the bottom today.
CSCO reports following tuesday the 8th of may and should beat the estimates and will guide higher.Should make new 52 week high after ER.
STP below $37 is a good entry point.
Please do your own due diligence.
BLOG opinion is NOT a BUY or SELL.
Saleem
What happened to AAPL yesterday up$10 close $3
AAPL tape was very interesting yesterday.AAPL was UP $10+ AH ....even pre-market was UP$9.
After the earnings report came out everybody was mesmerized by their BLOWOUT earnings.AAPL target was raised to $140 by famous analyst Gene Munster.
AAPL is a classic story of FA/TA.......
AAPL was OVERBOUGHT in the hoopla of earnings report on wed night & thursday AM.
AAPL margins will be under pressure going forward as per their CFO.
Guess where the margin improvements of AAPL came from...you can thank SNDK and all Flash memory maker who were caught in price war and glut in inventory...AAPL uses Flash memory in several products.........so AAPL kept all the benefit of low Flash memory instead of passing the price decline to customers....a very smart move by AAPL to increase EPS.
Now AAPL CC is predicting margins like this Q2 just reported 35.1% ,Q3 32% and long term trend 27 to 28%..............
Now guess who will be the biggest beneficiary of this increase in margins for AAPL starting this Q..................yes it will be SNDK who also said that back half of Q2 will see improving margins.
On a side topic..........I am a great fan of everything AAPL but have been turned OFF by stock option probes and once SEC & Deptt of Justice clears Jobs I will be back in AAPL @ appropriate technical level.........in plain english when it is OVERSOLD which I expect this to be the case going forward.
Good luck to all in today's trading.
Do your own due diligence
Saleem
After the earnings report came out everybody was mesmerized by their BLOWOUT earnings.AAPL target was raised to $140 by famous analyst Gene Munster.
AAPL is a classic story of FA/TA.......
AAPL was OVERBOUGHT in the hoopla of earnings report on wed night & thursday AM.
AAPL margins will be under pressure going forward as per their CFO.
Guess where the margin improvements of AAPL came from...you can thank SNDK and all Flash memory maker who were caught in price war and glut in inventory...AAPL uses Flash memory in several products.........so AAPL kept all the benefit of low Flash memory instead of passing the price decline to customers....a very smart move by AAPL to increase EPS.
Now AAPL CC is predicting margins like this Q2 just reported 35.1% ,Q3 32% and long term trend 27 to 28%..............
Now guess who will be the biggest beneficiary of this increase in margins for AAPL starting this Q..................yes it will be SNDK who also said that back half of Q2 will see improving margins.
On a side topic..........I am a great fan of everything AAPL but have been turned OFF by stock option probes and once SEC & Deptt of Justice clears Jobs I will be back in AAPL @ appropriate technical level.........in plain english when it is OVERSOLD which I expect this to be the case going forward.
Good luck to all in today's trading.
Do your own due diligence
Saleem
SNDK upgraded by Goldman,Bear stearns & Citigroup
SNDK has the analyst community going GAGA over the prospect of SNDK in 2nd half.
Goldman,Bear Stearns & Citigroup were all impressed by the fact that SNDK beat theirs and analyst consensus in both Sales & Eps handily in Q1.
They all have SNDK price target from $52 to $55 and are giving SNDK a resounding BUY @ these ridiculous level of $45.20.
All are happy with HIGHER licensing revenue by $50 million to $400 million.
They all are expecting improvement in margin from Q1 14.2% to 15 to 20% starting from Q3.
They all increased their earning estimates for this year & next.
The following are targets for SNDK:
Goldman $53 & TOP PICK as of this AM.
Bear Stearns $55 BUY as of this AM.
Citigroup $52 Buy Positive mis-priced..Memory sectors best secular story.
Looks like we have lot of analyst backing SNDK today.
Good luck to all.
This BLOG does not give buy or sell and is intended for educational purpose only.
Do your own due diligence everyday.
Saleem
Goldman,Bear Stearns & Citigroup were all impressed by the fact that SNDK beat theirs and analyst consensus in both Sales & Eps handily in Q1.
They all have SNDK price target from $52 to $55 and are giving SNDK a resounding BUY @ these ridiculous level of $45.20.
All are happy with HIGHER licensing revenue by $50 million to $400 million.
They all are expecting improvement in margin from Q1 14.2% to 15 to 20% starting from Q3.
They all increased their earning estimates for this year & next.
The following are targets for SNDK:
Goldman $53 & TOP PICK as of this AM.
Bear Stearns $55 BUY as of this AM.
Citigroup $52 Buy Positive mis-priced..Memory sectors best secular story.
Looks like we have lot of analyst backing SNDK today.
Good luck to all.
This BLOG does not give buy or sell and is intended for educational purpose only.
Do your own due diligence everyday.
Saleem
Thursday, April 26, 2007
SNDK CC recap !!!
Here is the recap of SNDK CC :
Sales projected for Q2 $625 million to $725 million range..so the mean estimate for sales is $675 million which is much lower than expected $832.93 million.
This shortfall in Sales is attributed to a multitude of factors like :
-Elimination of joint venture with Toshiba Corp.
-Continued decline in company's "white label" USB business which produces devices that are sold under different brand names.
Gross margin to be 15 to 20% on a non GAAP basis.
SNDK is expecting growth in unit sales for Q2.
The bottom line on SNDK CC is that they are expecting Q2 & Q3 to be an ongoing challenge.
SNDK expects Q4 & next year to be very good based on usage of Flash drives in many many gadgets like iphone,smart phones & portable media players are expected to ignite demand for next year.
"Our outlook is optimistic for renewed growth heading into 4th quarter of 2007 and forward to 2008"Harari said.
CEO believes he is executing the correct strategy for achieving long term strategic goals in the market.
We will see how the analyst support is in the morning.
Good luck on your decision to sell or buy more !!!!
Saleem
Sales projected for Q2 $625 million to $725 million range..so the mean estimate for sales is $675 million which is much lower than expected $832.93 million.
This shortfall in Sales is attributed to a multitude of factors like :
-Elimination of joint venture with Toshiba Corp.
-Continued decline in company's "white label" USB business which produces devices that are sold under different brand names.
Gross margin to be 15 to 20% on a non GAAP basis.
SNDK is expecting growth in unit sales for Q2.
The bottom line on SNDK CC is that they are expecting Q2 & Q3 to be an ongoing challenge.
SNDK expects Q4 & next year to be very good based on usage of Flash drives in many many gadgets like iphone,smart phones & portable media players are expected to ignite demand for next year.
"Our outlook is optimistic for renewed growth heading into 4th quarter of 2007 and forward to 2008"Harari said.
CEO believes he is executing the correct strategy for achieving long term strategic goals in the market.
We will see how the analyst support is in the morning.
Good luck on your decision to sell or buy more !!!!
Saleem
SNDK Q1 Earning report !!!!
SNDK posted Q1 earnings report much better than expected.Here is the breakdown:
Sales Actual $786 million consensus $759.80 million Positive $26.2 million.
EPS Actual .19 cents consensus .17 cents Positive 2 cents.
SNDK AH reaction is totally RIDICULOUS. I am keeping all my position in SNDK.
SNDK CEO is overplaying the negatives to keep Q2 guidance LOWER...so they can beat & guide HIGHER for Q3.
As I write AH bid is $43.52 which is $1.88 lower from close or 61 cents lower from yesterday's close.
I personally feel that SNDK will be much better by the end of the day on friday...just my opinion..I have trouble understanding tape action sometimes.
I will wait till tommorrow and see how analyst/tape reaction during regular trading hour.
Please do your own due diligence.
This BLOG does not give buy or sell opinion ,so act accordingly.Mine is just an opinion and the purpose is to educate.
My portfolio remains the same.
Saleem
Sales Actual $786 million consensus $759.80 million Positive $26.2 million.
EPS Actual .19 cents consensus .17 cents Positive 2 cents.
SNDK AH reaction is totally RIDICULOUS. I am keeping all my position in SNDK.
SNDK CEO is overplaying the negatives to keep Q2 guidance LOWER...so they can beat & guide HIGHER for Q3.
As I write AH bid is $43.52 which is $1.88 lower from close or 61 cents lower from yesterday's close.
I personally feel that SNDK will be much better by the end of the day on friday...just my opinion..I have trouble understanding tape action sometimes.
I will wait till tommorrow and see how analyst/tape reaction during regular trading hour.
Please do your own due diligence.
This BLOG does not give buy or sell opinion ,so act accordingly.Mine is just an opinion and the purpose is to educate.
My portfolio remains the same.
Saleem
Bought JBLU this AM !!!!
Bought JBLU which looks OVERSOLD big time.RSI was 26.86 @ close...lowest reading in the last 52 weeks.
JBLU is expected to earn 34 cents in dec 07 & 69 cents dec 08 a profitable airline selling for 15 pe based on 08 earnings.
Sold STP and booked profit as I feel it has resistance in $39 ++ area....must close above $39.45 for reentry.
PMCS looks strong after its ER.
SNDK behaving well going into earning..lot of press about different products including Wi-Fi music player.
AKAM is taking a beating after early & erroneus release of ER yesterday.
NYX trying to rally after ER.
Portfolio is SNDK,SIRF,CSCO,JBLU,UXG,PDN.TO,MOL.TO,RAL.TO.
Good luck on your trades.
BLOG does not give buy or sell.BLOG is for educational purpose only.
Saleem
JBLU is expected to earn 34 cents in dec 07 & 69 cents dec 08 a profitable airline selling for 15 pe based on 08 earnings.
Sold STP and booked profit as I feel it has resistance in $39 ++ area....must close above $39.45 for reentry.
PMCS looks strong after its ER.
SNDK behaving well going into earning..lot of press about different products including Wi-Fi music player.
AKAM is taking a beating after early & erroneus release of ER yesterday.
NYX trying to rally after ER.
Portfolio is SNDK,SIRF,CSCO,JBLU,UXG,PDN.TO,MOL.TO,RAL.TO.
Good luck on your trades.
BLOG does not give buy or sell.BLOG is for educational purpose only.
Saleem
SNDK reports Tonight !!!!!
SNDK will report after close.The consensus estimates are:
Sales Q1 $756.77 million Q2 $832.93 million
EPS Q1 17 cents Q2 20 cents
If SNDK guides higher than consensus then we will see a BIG rally in the stock.The chance of higher guidance is good.Flash memory prices are stable these days which bodes well for Q2 guidance.
Dell is the first PC maker which is incorporating Flash drives instead of HDD in their notebook.This news should also help SNDK stock price & guidance for Q2.
SNDK is bid UP in pre market.
NYX reported 1 cent better than consensus.....but the pre market tape is weak by $1....CC starts @ 8.00 am.
AAPL is UP $7+ pre market.
I may add CSCO which reports 8th may.
Good luck in this very strong market.
Do your own DD.This BLOG is for educational purpose only not a buy or sell.
Saleem
Sales Q1 $756.77 million Q2 $832.93 million
EPS Q1 17 cents Q2 20 cents
If SNDK guides higher than consensus then we will see a BIG rally in the stock.The chance of higher guidance is good.Flash memory prices are stable these days which bodes well for Q2 guidance.
Dell is the first PC maker which is incorporating Flash drives instead of HDD in their notebook.This news should also help SNDK stock price & guidance for Q2.
SNDK is bid UP in pre market.
NYX reported 1 cent better than consensus.....but the pre market tape is weak by $1....CC starts @ 8.00 am.
AAPL is UP $7+ pre market.
I may add CSCO which reports 8th may.
Good luck in this very strong market.
Do your own DD.This BLOG is for educational purpose only not a buy or sell.
Saleem
Wednesday, April 25, 2007
AAPL blew away estimates UP$8+ AH !!!
AAPL was the star of the day as it BLEW past earning estimates and is being amply rewarded UP $8+.AAPL conservative guidance was slightly below analyst consensus which is the NORM..and AAPL will beat it again handily in Q3.
The important take away from AAPL CC is that they are expecting upward prices for nand flash & memory in june...........which makes me happy because I own SNDK which will benefit the most.
SNDK is also UP AH because they are in partnership with a German company Qimonda AG to make multiple chip package for mobile phones.This will use SNDK flash memory along with dram from Qimonda AG.I think stars are aligned for SNDK going forward as Nand is firming UP.
FFIV came up with stunning earnings and is UP also $8++ this bodes well for CSCO which I purchased today.FFIV also operates in a networking environment.CSCO earning is on tuesday.
Added 40% MOL.TO. A Molybdenum metal exploration/producing company.
Added 35% RAL.TO. An Oil producer in Egypt & Gas producer in Pakistan.
The disaster of AH was AKAM which tumbled $6.
WEN is Up almost $4 .
NTRI UP $8 AH.
Before open NYX reports.
Great day for markets Dow UP big & blew past 13K.
Nasdaq new 52 week high..S&P soon to follow.
Suggest diversified portfolio in this strong UP moving markets.New HIGHS gets more new HIGHS $$$.
Please do your own due diligence.BLOG does not give buy or sell on any stocks listed above. My opinion are for educational purpose only.
Good luck on your trades.
Saleem
The important take away from AAPL CC is that they are expecting upward prices for nand flash & memory in june...........which makes me happy because I own SNDK which will benefit the most.
SNDK is also UP AH because they are in partnership with a German company Qimonda AG to make multiple chip package for mobile phones.This will use SNDK flash memory along with dram from Qimonda AG.I think stars are aligned for SNDK going forward as Nand is firming UP.
FFIV came up with stunning earnings and is UP also $8++ this bodes well for CSCO which I purchased today.FFIV also operates in a networking environment.CSCO earning is on tuesday.
Added 40% MOL.TO. A Molybdenum metal exploration/producing company.
Added 35% RAL.TO. An Oil producer in Egypt & Gas producer in Pakistan.
The disaster of AH was AKAM which tumbled $6.
WEN is Up almost $4 .
NTRI UP $8 AH.
Before open NYX reports.
Great day for markets Dow UP big & blew past 13K.
Nasdaq new 52 week high..S&P soon to follow.
Suggest diversified portfolio in this strong UP moving markets.New HIGHS gets more new HIGHS $$$.
Please do your own due diligence.BLOG does not give buy or sell on any stocks listed above. My opinion are for educational purpose only.
Good luck on your trades.
Saleem
Mid day report Bought CSCO !!!!
Interesting day in the markets.Dow @ alltime HIGH....nasdaq @ 52 week HIGH !!!
Bought CSCO as I believe that they will beat the expectations & guide higher.CSCO is only $2.36 away from its 52 week HIGH.....I expect CSCO to go to new 52 week high on wed.CSCO reports on tuesday.
AMZN,RVBD,GRMN,AAPL,RIMM,STP,NYX,BIDU,GLW,AKAM,CIEN are among the BIG movers.
SNDK is starting to make a move NOW.....it reports tommorrow AH.
NYX reports thursday before OPEN.
SIRF is staying in green.....which is nice to see.
SNDK & CSCO are trading @ its HIGH of the day.
BLOG do not give buy or sell on any stocks listed above.
Good luck on your trades for the rest of the day.
Saleem
Bought CSCO as I believe that they will beat the expectations & guide higher.CSCO is only $2.36 away from its 52 week HIGH.....I expect CSCO to go to new 52 week high on wed.CSCO reports on tuesday.
AMZN,RVBD,GRMN,AAPL,RIMM,STP,NYX,BIDU,GLW,AKAM,CIEN are among the BIG movers.
SNDK is starting to make a move NOW.....it reports tommorrow AH.
NYX reports thursday before OPEN.
SIRF is staying in green.....which is nice to see.
SNDK & CSCO are trading @ its HIGH of the day.
BLOG do not give buy or sell on any stocks listed above.
Good luck on your trades for the rest of the day.
Saleem
STP,SNDK,SIRF to open HIGHER $$$
STP the biggest bargain in Solar power is set to open higher @ open.STP should be able to challenge upper end of the Bollinger band.
SNDK is seeing firming Nand pricing which will help big time in its major turnaround.SNDK is gearing UP for another strong day.
SIRF is showing sign of life after 2 days of selloff on an order delay.SIRF is predicting no change in yearly sales as they will be all caught UP with the order by Q3.SIRF should see a good day today.
AMZN is FLYING $7+ already which should help all internet players.
RVBD is UP $3+ in pre market.
Please do your own DD and good luck on your trades.
This BLOG is for educational purpose only and its opinions are not a buy or sell.
Saleem
SNDK is seeing firming Nand pricing which will help big time in its major turnaround.SNDK is gearing UP for another strong day.
SIRF is showing sign of life after 2 days of selloff on an order delay.SIRF is predicting no change in yearly sales as they will be all caught UP with the order by Q3.SIRF should see a good day today.
AMZN is FLYING $7+ already which should help all internet players.
RVBD is UP $3+ in pre market.
Please do your own DD and good luck on your trades.
This BLOG is for educational purpose only and its opinions are not a buy or sell.
Saleem
To AAPL or NOT to AAPL !!!!
AAPL reports tonight.My take on AAPL is to take profit before earnings are announced.There is a LINGERING issue of Steve Jobs when it comes to AAPL stock options probe.
SEC has not CLEARED Jobs yet.ER may have more surprise about settlement of option probe...either in terms of FINE by SEC which will be charged back to AAPL or an UPDATE on the probes by two federal agencies.
ALL in ALL a lingering uncertainty unless SEC announces settlement.Even the ex CFO Fred Anderson implicated Jobs in settling with SEC...........and more option dirt will come out in SEC pursuit of AAPL ex general counsel Nancy Heinen.
US attorney office is still investigating AAPL which is seperate from SEC.
Gold is UP and Oil is UP which should propel those sectors higher.In Gold UXG(beaten down yesterday),KGC,AUY,EGO looks good.In Oil & Gas VLO,CNQ,TLM,RAL.TO ECA.TO(good ER came out) are strong.
Uranium stocks should rebound CCJ,PDN.TO,SXR.TO,UEX.TO,DNN looks strong....All were down big yesterday on metals selloff.
Internet sectors will fly today GOOG,YHOO,BIDU & AMZN looks very strong.
Please do your own Due Diligence.This BLOG is for educational purpose only not for buy or sell.
Good luck on your buy or sell.
Saleem
SEC has not CLEARED Jobs yet.ER may have more surprise about settlement of option probe...either in terms of FINE by SEC which will be charged back to AAPL or an UPDATE on the probes by two federal agencies.
ALL in ALL a lingering uncertainty unless SEC announces settlement.Even the ex CFO Fred Anderson implicated Jobs in settling with SEC...........and more option dirt will come out in SEC pursuit of AAPL ex general counsel Nancy Heinen.
US attorney office is still investigating AAPL which is seperate from SEC.
Gold is UP and Oil is UP which should propel those sectors higher.In Gold UXG(beaten down yesterday),KGC,AUY,EGO looks good.In Oil & Gas VLO,CNQ,TLM,RAL.TO ECA.TO(good ER came out) are strong.
Uranium stocks should rebound CCJ,PDN.TO,SXR.TO,UEX.TO,DNN looks strong....All were down big yesterday on metals selloff.
Molybdenum stocks should do well today BLE.TO & MOL.TO were down big yesterday.
Technology looking very strong and be wighted accordingly.Internet sectors will fly today GOOG,YHOO,BIDU & AMZN looks very strong.
Please do your own Due Diligence.This BLOG is for educational purpose only not for buy or sell.
Good luck on your buy or sell.
Saleem
Tuesday, April 24, 2007
Markets looking STRONG !!!
Markets are showing strong resiliency to all the bad news which is coming its way.
This bodes well for future tape action.
Today Dow & Nasdaq both ended green inspite of housing & consumer confidence negative reports.
I strongly believe that both DOW & NASDAQ will show continued strength going forward.
The best strategy in this kind of environment is to play the rotation game for next day trade.
What is being left behind or beaten down today will catch-UP tommorrow.
Semis & TECHs are very attractive,so a heavy weighting in those sectors is desireable.
BRCM just started to move,so it looks strong.
NVDA just started its move,so it looks strong.
SNDK reports on thursday AH,so it is a turnaround story and started its move UP.
STP is the most undervalued solar play and should challenge upper end of BB.
SIRF should starts its move UP after finding support @ $24.99.
AMD wants to go higher after financing announcement.
PMCS has tested its support in $7+ area and looks good.
YHOO has found its support in $27+ area and may move higher.
CSCO can be accumulated on the current weakness due to its earnings next week.
RVBD had great earning and is UP $2++ AH.
AMZN had great earning & guidance and its Up $5+.
Please do your own due diligence.This BLOG does not give buy or sell....BLOG is for educational purpose only.
Good luck on your buy or sell.
Saleem
This bodes well for future tape action.
Today Dow & Nasdaq both ended green inspite of housing & consumer confidence negative reports.
I strongly believe that both DOW & NASDAQ will show continued strength going forward.
The best strategy in this kind of environment is to play the rotation game for next day trade.
What is being left behind or beaten down today will catch-UP tommorrow.
Semis & TECHs are very attractive,so a heavy weighting in those sectors is desireable.
BRCM just started to move,so it looks strong.
NVDA just started its move,so it looks strong.
SNDK reports on thursday AH,so it is a turnaround story and started its move UP.
STP is the most undervalued solar play and should challenge upper end of BB.
SIRF should starts its move UP after finding support @ $24.99.
AMD wants to go higher after financing announcement.
PMCS has tested its support in $7+ area and looks good.
YHOO has found its support in $27+ area and may move higher.
CSCO can be accumulated on the current weakness due to its earnings next week.
RVBD had great earning and is UP $2++ AH.
AMZN had great earning & guidance and its Up $5+.
Please do your own due diligence.This BLOG does not give buy or sell....BLOG is for educational purpose only.
Good luck on your buy or sell.
Saleem
Mid day report !!!
Oil is down big <$1.58> $64.53
Gold down <$5>
The above negative action is helping wall street to counter the negatives from existing housing slump & lower consumer confidence .
The following stocks are strong in this mixed environment:
STP,SNDK,TXN,BRCM,NVDA,WFR,TTM,BIDU.
AMD is showing surprising strength after announcing $2 billion convertible offering @ 6% till 2015 convertible @ $28.08.
SIRF is trying hard to stay in green......maybe we have seen the low of $24.99.
Good luck on your trades.
Above list of stocks are neither buy or sell..this BLOG is for educational purpose only.
Saleem
Gold down <$5>
The above negative action is helping wall street to counter the negatives from existing housing slump & lower consumer confidence .
The following stocks are strong in this mixed environment:
STP,SNDK,TXN,BRCM,NVDA,WFR,TTM,BIDU.
AMD is showing surprising strength after announcing $2 billion convertible offering @ 6% till 2015 convertible @ $28.08.
SIRF is trying hard to stay in green......maybe we have seen the low of $24.99.
Good luck on your trades.
Above list of stocks are neither buy or sell..this BLOG is for educational purpose only.
Saleem
Stocks which are doing well so far !!!
Futures started well and stocks opened higher.............then resale home sales put a damper.
Inspite of the negative picture on the markets so far.........some stocks are doing pretty good and bucking the trend......................
STP,SNDK,NVDA,TTM,WFR are staying in green.
Looks like SIRF has seen its intraday low of $24.99 and trying to change direction towards green.
Please do your own due diligence.
BLOG does not give buy or sell and it is only for educational purpose.
Good luck on your trading.
Saleem
Inspite of the negative picture on the markets so far.........some stocks are doing pretty good and bucking the trend......................
STP,SNDK,NVDA,TTM,WFR are staying in green.
Looks like SIRF has seen its intraday low of $24.99 and trying to change direction towards green.
Please do your own due diligence.
BLOG does not give buy or sell and it is only for educational purpose.
Good luck on your trading.
Saleem
Citigroup upgrades SNDK to BUY
SNDK got a well deserved upgrade from citigroup analyst Craig A. Ellis to a buy from hold.
Analyst is citing opportunities in new gadgets like handsets & video products as reported by AP this morning.
STP is also looking to open higher.
Gold is higher today....this will help UXG plus its presentation in New york.
MOL.TO is also looking higher @ open.
Please do your own due diligence.
This BLOG content is for educational purpose only and is NOT a recommendation to buy or sell.
Good luck on your trades.
Saleem
Analyst is citing opportunities in new gadgets like handsets & video products as reported by AP this morning.
STP is also looking to open higher.
Gold is higher today....this will help UXG plus its presentation in New york.
MOL.TO is also looking higher @ open.
Please do your own due diligence.
This BLOG content is for educational purpose only and is NOT a recommendation to buy or sell.
Good luck on your trades.
Saleem
SNDK looking strong in pre market
SNDK is very strong in european trading.Looks very good for pre market open.
SNDK may be starting its major RUNUP.
SNDK is OVERSOLD big time.
SNDK business is on the verge of turning UP.
SNDK is positioned to take market share from other players in flash market.
SNDK will benefit big time with predictable pricing of nand.
SNDK is the second leading player with SANSA music player.
Please do your OWN due diligence.
This BLOG does not recommend buying or selling any stocks listed above.
BLOG is for educational purpose only.
Good luck in your decision to buy or sell.
Saleem
SNDK may be starting its major RUNUP.
SNDK is OVERSOLD big time.
SNDK business is on the verge of turning UP.
SNDK is positioned to take market share from other players in flash market.
SNDK will benefit big time with predictable pricing of nand.
SNDK is the second leading player with SANSA music player.
Please do your OWN due diligence.
This BLOG does not recommend buying or selling any stocks listed above.
BLOG is for educational purpose only.
Good luck in your decision to buy or sell.
Saleem
Monday, April 23, 2007
RECAP April 23
Texas Instruments (TXN) which I was referring as TI in my previous post had a great earnings report.Futures are UP which bodes well for tuesday.
I personally like to BUY when risk reward ratio is very attractive.I will review why I have the stocks in my portfolio which will give a fundamental & technical picture as I evaluate each one of them.
SIRF....This is a GPS company which is growing....They reported thursday AH and missed by 1 cents based on analyst consensus...they also lowered their guidance by 1 cent....my original cost was $28.29.....it was pummeled to $3 down where I added 150% more...currently my cost is $26.72.....The reason I added more because in CC SIRF had clearly stated that a large customer had delayed their purchase.....and SIRF will be all caught UP in their sales by Q3...SIRF also confirmed their full year sales as given previously..thus no impact of this delayed order to the yearly picture.I think there was an overreaction to a non event.I personally feel that SIRF will be able to turn green as it is totally oversold by today's close.
SNDK...Flash maker is ready to turn UP as it is oversold .SNDK declining flash pricing has been factored in its downtrend from $80 to current $42 area....SNDK will be giving as expected guidance on its CC on thursday AH..which will be greeted positively and SNDK will be able to move UP.
STP...Has been oversold because of its problem of integration & pricing in its Japanese subsidiary....Now STP has moved all the production from Japan to China to create efficiencies.
STP will give better guidance in its next CC.I expect STP to challenge its recent HIGH trading range going forward.This is a very good play in solar area on a valuation basis.
PDN.TO... This an actual uranium producer building base @ C$9 area...very soon it will challenge its previous HIGH.
MOL.TO...This Molybdenum producer is building a nice base to challenge its all time HIGH of C$4.91...the target on this stock is C$7...nice upside.
RAL.TO...Today this went to an all time HIGH ..and closed @ the highest level ever.
UXG...This gold exploration company is operating in a very HIGH potential area...tommorrow they are participating in a conference in New York in front of Investors,Analyst & hedge funds....I am expecting news flow to be positive as we go along... with its upward pressure on stock price.
Sometimes I may be little early in some stocks ...but my cost base is also getting lower as I am buying more @ lower prices.......This way I like my risk / reward ratio.
Please do your OWN due diligence.
The BLOG does not recommend buy or sale of any stock listed above.
This BLOG is for educational purpose only.
Good luck on your decision to buy or sell.
Saleem
I personally like to BUY when risk reward ratio is very attractive.I will review why I have the stocks in my portfolio which will give a fundamental & technical picture as I evaluate each one of them.
SIRF....This is a GPS company which is growing....They reported thursday AH and missed by 1 cents based on analyst consensus...they also lowered their guidance by 1 cent....my original cost was $28.29.....it was pummeled to $3 down where I added 150% more...currently my cost is $26.72.....The reason I added more because in CC SIRF had clearly stated that a large customer had delayed their purchase.....and SIRF will be all caught UP in their sales by Q3...SIRF also confirmed their full year sales as given previously..thus no impact of this delayed order to the yearly picture.I think there was an overreaction to a non event.I personally feel that SIRF will be able to turn green as it is totally oversold by today's close.
SNDK...Flash maker is ready to turn UP as it is oversold .SNDK declining flash pricing has been factored in its downtrend from $80 to current $42 area....SNDK will be giving as expected guidance on its CC on thursday AH..which will be greeted positively and SNDK will be able to move UP.
STP...Has been oversold because of its problem of integration & pricing in its Japanese subsidiary....Now STP has moved all the production from Japan to China to create efficiencies.
STP will give better guidance in its next CC.I expect STP to challenge its recent HIGH trading range going forward.This is a very good play in solar area on a valuation basis.
PDN.TO... This an actual uranium producer building base @ C$9 area...very soon it will challenge its previous HIGH.
MOL.TO...This Molybdenum producer is building a nice base to challenge its all time HIGH of C$4.91...the target on this stock is C$7...nice upside.
RAL.TO...Today this went to an all time HIGH ..and closed @ the highest level ever.
UXG...This gold exploration company is operating in a very HIGH potential area...tommorrow they are participating in a conference in New York in front of Investors,Analyst & hedge funds....I am expecting news flow to be positive as we go along... with its upward pressure on stock price.
Sometimes I may be little early in some stocks ...but my cost base is also getting lower as I am buying more @ lower prices.......This way I like my risk / reward ratio.
Please do your OWN due diligence.
The BLOG does not recommend buy or sale of any stock listed above.
This BLOG is for educational purpose only.
Good luck on your decision to buy or sell.
Saleem
CLOSE update April 23
Markets took a much desired breather after making HIGHS for several days.
Oil went UP sharply due to Nigerian violence .
Gasoline is expected to hit new alltime high this driving season.
Gold took a breather before it resumes its assault on $700+++
After hour TI lit up the market with its better than expected ER...TI beat by 4 cents on earnings & top line was ahead of estimates by $400k.
This should help the markets to resume its uptrend on tuesday.
Most chips stocks are UP in AH.
SIRF,SNDK,STP,YHOO,BRCM,TI,ALTR,NVDA looks very strong going forward.
My portfolio is STP,SNDK,SIRF,UXG,MOL.TO,PDN.TO,RAL.TO.
The above list is not a buy or sell recommendation.
This BLOG is for educational purpose only.
Do your OWN due diligence.
Good luck on YOUR decision to buy or sell.
This BLOG is UPDATED several times during trading hours ....so please visit us on a frequent basis.
Saleem
Oil went UP sharply due to Nigerian violence .
Gasoline is expected to hit new alltime high this driving season.
Gold took a breather before it resumes its assault on $700+++
After hour TI lit up the market with its better than expected ER...TI beat by 4 cents on earnings & top line was ahead of estimates by $400k.
This should help the markets to resume its uptrend on tuesday.
Most chips stocks are UP in AH.
SIRF,SNDK,STP,YHOO,BRCM,TI,ALTR,NVDA looks very strong going forward.
My portfolio is STP,SNDK,SIRF,UXG,MOL.TO,PDN.TO,RAL.TO.
The above list is not a buy or sell recommendation.
This BLOG is for educational purpose only.
Do your OWN due diligence.
Good luck on YOUR decision to buy or sell.
This BLOG is UPDATED several times during trading hours ....so please visit us on a frequent basis.
Saleem
Before Close UPDATE April 23
STP is looking very good going forward.STP found Major support around $34 area...there was a 15% pullback & base building after earning report.
YHOO has been oversold and looks good going forward...Panama will work out in the next 2 quarters.
In Uranium CCJ & PDN.TO are strong.
All metals looking very strong ....BLE.TO ,QUA.TO & MOL.TO looks good.
Gold resting before a major push above $700.....Gold stocks looking good after basing...AUY,KGC,UXG will run with Gold UP move.
Oil is very strong going into driving season....VLO,CNQ,RAL.TO looking strong.
Do your own Due Diligence.
BLOG does not recommend buying or selling any stocks listed above.
Good luck on your trades.
Saleem
YHOO has been oversold and looks good going forward...Panama will work out in the next 2 quarters.
In Uranium CCJ & PDN.TO are strong.
All metals looking very strong ....BLE.TO ,QUA.TO & MOL.TO looks good.
Gold resting before a major push above $700.....Gold stocks looking good after basing...AUY,KGC,UXG will run with Gold UP move.
Oil is very strong going into driving season....VLO,CNQ,RAL.TO looking strong.
Do your own Due Diligence.
BLOG does not recommend buying or selling any stocks listed above.
Good luck on your trades.
Saleem
Mid Day Update April 23
NYX is very weak on Downgrade by Goldman... sold the position @ loss.
Added 15% UXG...there is a presentation in New York tommorrow in front of hedge funds,analyst & Investors.... .
Bought more MOL.TO.... tripled my position.....Will be the 10th largest Molybdenum producer in the world as per analyst from Haywood Securities.....Target raised to C$7 @Paradigm .
Bought RAL.TO an oil producer in Egypt & gas producer in Pakistan.
RBY Gold exploration company looks overbought.
NVDA & SNDK weak today.
CSCO & PMCS weak on report that networking environment may be weak.
YHOO has found support around $27 ++ area.
AAPL,NDAQ & WFR strong .
This BLOG does not recommend buying or selling any stocks listed above.
This BLOG is for educational purpose only.
Do your own Due Diligence.
Good luck in your trading decision.
Saleem
Added 15% UXG...there is a presentation in New York tommorrow in front of hedge funds,analyst & Investors.... .
Bought more MOL.TO.... tripled my position.....Will be the 10th largest Molybdenum producer in the world as per analyst from Haywood Securities.....Target raised to C$7 @Paradigm .
Bought RAL.TO an oil producer in Egypt & gas producer in Pakistan.
RBY Gold exploration company looks overbought.
NVDA & SNDK weak today.
CSCO & PMCS weak on report that networking environment may be weak.
YHOO has found support around $27 ++ area.
AAPL,NDAQ & WFR strong .
This BLOG does not recommend buying or selling any stocks listed above.
This BLOG is for educational purpose only.
Do your own Due Diligence.
Good luck in your trading decision.
Saleem
Sunday, April 22, 2007
April 23rd before open Update !!!
Nasdaq is looking all set to HIT new 52 week HIGH.........
Techs are getting ready to make a major move UP !!!!
QQQQ,GOOG,BIDU,CSCO,SNDK,NVDA,INTC,AAPL,NDAQ,INFY looks strong
NDAQ upgraded by Goldman
MPEL,ICE,MA,NCTY strong
STP,SIRF,STX,EBAY,NYX,RIMM looks ready for REBOUND from recent weakness.
NYX Downgraded to Sell by Goldman
Gold stocks looks ready to move higher UXG,RBY looks very strong.
Uranium stocks looking strong CCJ (looking set to hit new 52 week HIGH),PDN.TO,UEX.TO looks attractive.
WMT looking very strong $2.39 away from 52 week HIGH.
Readers watch list as posted on CMED board
DNN (Uranium producer) GSS (Gold Producer) QADMF (Diversified Mining ) yyman
Please do your own DUE DILIGENCE.
This BLOG does not recommend buying or selling securities, options , ETF or any stocks listed above.
This BLOG is for educational purpose only.
Good luck on YOUR decision to buy or sell .
Saleem
BLOG will be updated after close @ 7PM EST.
Techs are getting ready to make a major move UP !!!!
QQQQ,GOOG,BIDU,CSCO,SNDK,NVDA,INTC,AAPL,NDAQ,INFY looks strong
NDAQ upgraded by Goldman
MPEL,ICE,MA,NCTY strong
STP,SIRF,STX,EBAY,NYX,RIMM looks ready for REBOUND from recent weakness.
NYX Downgraded to Sell by Goldman
Gold stocks looks ready to move higher UXG,RBY looks very strong.
Uranium stocks looking strong CCJ (looking set to hit new 52 week HIGH),PDN.TO,UEX.TO looks attractive.
WMT looking very strong $2.39 away from 52 week HIGH.
Readers watch list as posted on CMED board
DNN (Uranium producer) GSS (Gold Producer) QADMF (Diversified Mining ) yyman
Please do your own DUE DILIGENCE.
This BLOG does not recommend buying or selling securities, options , ETF or any stocks listed above.
This BLOG is for educational purpose only.
Good luck on YOUR decision to buy or sell .
Saleem
BLOG will be updated after close @ 7PM EST.
Technically Strong & Weak stocks FWIW
Weekly I will list stocks which is labelled Strong or Weak based on technical health as determined by various technicians......This information must be checked against fundamental analysis or other factors which may not be priced in or may affect future stock prices.
Minimum Average volume 500,000..
Strong Technical Pattern...........
NYSE Stocks KBH IR WMT PYX CBG AVO PSS
Nasdaq Stocks APOL LUFK ADBE ADTN ADCT ARTG FTWR GNPIE PLXS
TSX Stocks FQE GUY YGC TVC
Weak Technical Pattern...........
NYSE Stock AMR
AMEX Stock KOG
Nasdaq Stocks STMP VNDA YHOO ISIS MESA RMBS SMTL
TSX Stock CDV
Always do your OWN Due Diligence.This BLOG does not recommend buying or selling of any stocks mentioned.This BLOG is for educational purpose only.
Good luck in YOUR trading decision.
Saleem
This BLOG is UPDATED daily after market close by 7 pm EST.
Minimum Average volume 500,000..
Strong Technical Pattern...........
NYSE Stocks KBH IR WMT PYX CBG AVO PSS
Nasdaq Stocks APOL LUFK ADBE ADTN ADCT ARTG FTWR GNPIE PLXS
TSX Stocks FQE GUY YGC TVC
Weak Technical Pattern...........
NYSE Stock AMR
AMEX Stock KOG
Nasdaq Stocks STMP VNDA YHOO ISIS MESA RMBS SMTL
TSX Stock CDV
Always do your OWN Due Diligence.This BLOG does not recommend buying or selling of any stocks mentioned.This BLOG is for educational purpose only.
Good luck in YOUR trading decision.
Saleem
This BLOG is UPDATED daily after market close by 7 pm EST.
Monday, April 16, 2007
Dow closed @ All time HIGH AGAIN !! 20th of April
TSX 136655 up 90.01
Dow Jones 12962 up 153.35 All Time HIGH 3 days in a ROW $$$
S&P 500 1484 up 13.62
Nasdaq 2526 up 21.04
US Gold $695.80 up $7.50
Light Sweet crude $63.38 up $1.55
Uranium $113
GOLD getting very close to pyschological round number of $700...will it cross on monday trade !!!
CHINA GDP grew by 11.1%..which is very good for world economy.Most world markets were UP following one day OVERREACTION.... US markets which looked on the positive effect of China's strong growth went into record close 3 days in a row on Dow Jones.
Junior Gold exploration companies UXG,RBY,KGC & AUY were all UP .
Uranium stocks PDN.TO,SXR.TO,DML.TO,UEX.TO & CCJ were all UP.
Moly stocks BLE.TO & MOL.TO came back very strong
Casino stocks MPEL & WYNN were UP & LVS down today....
Yahoo closed down .05 on 3rd day of dissappointing earning & guidance.
GOOG & ISRG earnings were good..stocks UP big.
My portfolio is listed below:
Technology
Nand Flash maker SNDK..Earning after close on thursday the 26th april 18 cents,Sales$758.99 million
GPS Chip maker SIRF (Earning miss by 1 cent & guided down by 1 cent) was down $2.78 added 150% @ the LOW of the day
Alternate Energy / Solar Power STP
Uranium Producer PDN.TO
Gold Exploration UXG ..added 25%
Molybdenum Exploration MOL.TO
Exchange NYX ..Earning before open on thursday the 26th April 47 cents ,Sales $356.02 million
Booked profit in NVDA & RAL.TO today.
Added today SIRF,UXG & MOL.TO.
Please do your OWN due diligence....Stay DIVERSIFIED.
This BLOG does not recommend buying or selling of any stocks listed above...this BLOG is for educational purpose ONLY.
Good luck in your OWN trading decisions.
Saleem
Dow Jones 12962 up 153.35 All Time HIGH 3 days in a ROW $$$
S&P 500 1484 up 13.62
Nasdaq 2526 up 21.04
US Gold $695.80 up $7.50
Light Sweet crude $63.38 up $1.55
Uranium $113
GOLD getting very close to pyschological round number of $700...will it cross on monday trade !!!
CHINA GDP grew by 11.1%..which is very good for world economy.Most world markets were UP following one day OVERREACTION.... US markets which looked on the positive effect of China's strong growth went into record close 3 days in a row on Dow Jones.
Junior Gold exploration companies UXG,RBY,KGC & AUY were all UP .
Uranium stocks PDN.TO,SXR.TO,DML.TO,UEX.TO & CCJ were all UP.
Moly stocks BLE.TO & MOL.TO came back very strong
Casino stocks MPEL & WYNN were UP & LVS down today....
Yahoo closed down .05 on 3rd day of dissappointing earning & guidance.
GOOG & ISRG earnings were good..stocks UP big.
My portfolio is listed below:
Technology
Nand Flash maker SNDK..Earning after close on thursday the 26th april 18 cents,Sales$758.99 million
GPS Chip maker SIRF (Earning miss by 1 cent & guided down by 1 cent) was down $2.78 added 150% @ the LOW of the day
Alternate Energy / Solar Power STP
Uranium Producer PDN.TO
Gold Exploration UXG ..added 25%
Molybdenum Exploration MOL.TO
Exchange NYX ..Earning before open on thursday the 26th April 47 cents ,Sales $356.02 million
Booked profit in NVDA & RAL.TO today.
Added today SIRF,UXG & MOL.TO.
Please do your OWN due diligence....Stay DIVERSIFIED.
This BLOG does not recommend buying or selling of any stocks listed above...this BLOG is for educational purpose ONLY.
Good luck in your OWN trading decisions.
Saleem
Sunday, April 15, 2007
Stocks Direction week of April 16
Markets will be strong.The following sectors are expected to perform well.
Technology.....NVDA,SNDK,SIRF
Exchange....NYX
Gold...UXG
Uranium...PDN.TO
Moly...MOL.TO
Oil...RAL.TO
Alternate energy..STP
Defensive plays will be out of favour.
My portfolio is NVDA,NYX,SNDK,STP,SIRF,UXG,PDN.TO,RAL.TO,MOL.TO
I am adding more PDN.TO...because it is UNDERVALUED compared to other uranium stocks.
Biotechs looks strong also....currently have no position..ILE looking very strong.
GOOG can be bought in light of its buying Doubleclick...weakness is a buying opportunity.
AAPL looks very vulnerable for next 2 quarters...so expecting a downward movement..AAPL is a buy @ $80.
RIMM looks weak and may TEST low end of its trading range BB is a good indicator of its range.
Expect better tape action from CSCO & INTC going forward.
DNDN is a buy above $12.
Good luck to all in the coming week.
Saleem
Technology.....NVDA,SNDK,SIRF
Exchange....NYX
Gold...UXG
Uranium...PDN.TO
Moly...MOL.TO
Oil...RAL.TO
Alternate energy..STP
Defensive plays will be out of favour.
My portfolio is NVDA,NYX,SNDK,STP,SIRF,UXG,PDN.TO,RAL.TO,MOL.TO
I am adding more PDN.TO...because it is UNDERVALUED compared to other uranium stocks.
Biotechs looks strong also....currently have no position..ILE looking very strong.
GOOG can be bought in light of its buying Doubleclick...weakness is a buying opportunity.
AAPL looks very vulnerable for next 2 quarters...so expecting a downward movement..AAPL is a buy @ $80.
RIMM looks weak and may TEST low end of its trading range BB is a good indicator of its range.
Expect better tape action from CSCO & INTC going forward.
DNDN is a buy above $12.
Good luck to all in the coming week.
Saleem
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