Wednesday, May 16, 2007

BULL market is for REAL $$$$$$$$$

Today we had another strong day.Markets closed @ the HIGHS of the day.

Dow closed @ new record.

Nasdaq was the STRONGEST of all indices...Closed @ ABSOLUTE HIGH of the day.

UP Volume was @ minimum 2 to 1 on major indices.

Look for a strong follow thru on thursday.

OE will be a Bad news for BEARS.

Inspite of Fast Money bad dream about GOOG crashing and instruction to sell/short by Swami Eric Bolling.......GOOG had its BEST day in a long time UP $14.

WFR announced a major stock buyback AH of $500 million .....stock UP AH.

MU announced a $1.1 billion in convertible......stock down AH.

HPQ ER was 1 cent better....stock UP AH.

AMAT drubbing was on the milder side down 61 cents on TRIPLE the volume.....hoping for GREEN on thursday.

Nice to see Nasdaq strength..................stay in strong stocks which I have identified daily.

Please do your due diligence & stay diversified.

BLOG does not give buy or sell.

Saleem

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