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
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