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

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