The following stocks are showing momentum.Please use close stops as market jyrations can severly impact these stocks in a hurry.
RIMM,BIDU,FMCN,CTRP,SNDA,NCTY,SWIR,NVTL,NTRI,FSLR,
GRMN,MA,SNDK.
Good luck on next week trades.
BLOG does not give buy or sell.
Next post monday @ 11AM.
Enjoy this holiday weekend.
Saleem
Saturday, June 30, 2007
Technically WEAK stocks for this YOYO market !!!
The following stocks are weak based on various technical formations.Please do FA on these stocks also.Technicians cannot predict events which will affect stock prices.
NYSE
AMD,MAR,NBR,AIG,ATI,ANF,RHT,RS,GG,KGC,HLT,AL,WY.
Nasdaq
XLNX,HAIN,ASPV,HOTT,PALAF,AFFX,STLD,PAAS,FRPT,ONNN,
SCHN,NWSA,CYMI,FORM,NVLS,KLAC,MMCE.
TSX (Toronto Stock Exchange)
PDN,DML,PDL,TCM,CP,PAA,SCC,MLX,AL.
BLOG does not give buy or sell.
Saleem
NYSE
AMD,MAR,NBR,AIG,ATI,ANF,RHT,RS,GG,KGC,HLT,AL,WY.
Nasdaq
XLNX,HAIN,ASPV,HOTT,PALAF,AFFX,STLD,PAAS,FRPT,ONNN,
SCHN,NWSA,CYMI,FORM,NVLS,KLAC,MMCE.
TSX (Toronto Stock Exchange)
PDN,DML,PDL,TCM,CP,PAA,SCC,MLX,AL.
BLOG does not give buy or sell.
Saleem
Technically STRONG stocks for this YOYO market !!!!
The following stocks are technically strong based on various technical formations.Please do FA on these stocks also.Technicians cannot predict events which will affect stock prices.
NYSE
MO,CCL,VC,TAP,NG,USO,TTI,UXG,NKE,WFR,CYT,KCI,UA,XJT,STD.
Nasdaq
MRVL,CPNLQ,BBOX,CSCO,MXIM,DELL,TIBX,MSCC,SPEC,ISIS,SMSC,
SRDX,DRRX,EBAY,DSTI.
TSX (Toronto stock exchange)
WJA,WLN,IIC,QTA,TGL,GUY,MNG,SEALBE,TGL.
Please do your own due diligence & stay diversified.
BLOG does not give buy or sell.
Saleem
NYSE
MO,CCL,VC,TAP,NG,USO,TTI,UXG,NKE,WFR,CYT,KCI,UA,XJT,STD.
Nasdaq
MRVL,CPNLQ,BBOX,CSCO,MXIM,DELL,TIBX,MSCC,SPEC,ISIS,SMSC,
SRDX,DRRX,EBAY,DSTI.
TSX (Toronto stock exchange)
WJA,WLN,IIC,QTA,TGL,GUY,MNG,SEALBE,TGL.
Please do your own due diligence & stay diversified.
BLOG does not give buy or sell.
Saleem
Friday, June 29, 2007
Bear Stearn's tripped the markets AGAIN !!!!!!
Markets were doing fine until CNBC reported that SEC
requested ( code word for investigation) documents from Bear Stearn's about the TWO hedge funds which were in trouble........
That was enough for a JITTERY holiday bound markets......
Markets made a fighting finish by erasing majority of the losses.......
NYSE & Nasdaq both made twice as many new 52 week HIGHS as lows today......very good indicator for the health of this BULL.....
Monday markets are closed in Canada...we celeberate our independence day on July 1st......
RIMM closed @ new all time HIGH and is further UP almost $2 AH...on 5 times normal volume on nasdaq & 4 times normal volume in Toronto recent trade AH $201.70.
BIDU also closed @ all time HIGH $167.98
FMCN closed @ all time HIGH $50.49
SNDK went to $49.61 recent intraday high and getting closer to breakout point of $48.97 only 3 cents away.....
SNDA closed @ 52week HIGH...
On my saturday post by 10AM..I will list technically strong stocks.
BLOG does not give buy or sell.
Have a nice weekend.
Saleem
requested ( code word for investigation) documents from Bear Stearn's about the TWO hedge funds which were in trouble........
That was enough for a JITTERY holiday bound markets......
Markets made a fighting finish by erasing majority of the losses.......
NYSE & Nasdaq both made twice as many new 52 week HIGHS as lows today......very good indicator for the health of this BULL.....
Monday markets are closed in Canada...we celeberate our independence day on July 1st......
RIMM closed @ new all time HIGH and is further UP almost $2 AH...on 5 times normal volume on nasdaq & 4 times normal volume in Toronto recent trade AH $201.70.
BIDU also closed @ all time HIGH $167.98
FMCN closed @ all time HIGH $50.49
SNDK went to $49.61 recent intraday high and getting closer to breakout point of $48.97 only 3 cents away.....
SNDA closed @ 52week HIGH...
On my saturday post by 10AM..I will list technically strong stocks.
BLOG does not give buy or sell.
Have a nice weekend.
Saleem
RIMM UP $33+.....Markets UP,Oil UP,Gold UP !!!!
Markets are stable around .50% mark......It is the July 4th holiday effect !!!
Bond yields have come further down to 5.0740%.....down .0440.....a good thing !!!!
What can I say about SHORTS "darling stock RIMM".......it is doing July 4th SHORTS BBQ .....it is being "smoked out of the park"......
RIMM is too hot to handle by shorts...they are CREAMED and worse to follow...if they do not COVER.......
RBC world markets has made RIMM it "focus stock"
Every analyst on "planet earth has raised the rating or price target"
Have not heard from JP Morgan analyst.........must be in a closed door meeting to explain how to deal with massive LOSS on their short on RIMM.
When Paris Hilton say's "RIMM is HOT...it is HOT"......she loves her Blackberry...no wonder she has no other ADDICTION !!!!
You ask how HOT is RIMM....it is UP $33 to all time HIGH..... in triple the volume almost in less than 2 hours...is it hot ENOUGH for you......I HOPE SO $$$$$.
Let us see what else is happening in our stock market......
AAPL is UP on its media driven iphone launch....178 customers are lined up in NYC as of 10AM.....Steve is concerned about this LOW turnout.....so they are allowing 2 iphone per person.
LVS is staging a very strong comeback after finding support @ $70++ level.
SNDK is making me money by going into HIGHER trading level today.
SNDA went to new 52 wk HIGH.
FDRY & STP are flattish to down slightly.
NMX down ......
Other strong stocks are:
MPEL,SWIR,NVTL,FMCN(new HIGH),CTRP,WYNN,IGT,HLIT,TSL,
SNE(found support),SOHU(new HIGH),NCTY(new HIGH),BIDU(Upgrade by Citigroup &new HIGH),NTRI,MA,HPQ.
Looks like a good day for many many stocks in this BULL market today $$$$$$
Next post around 7PM.
Have a nice July 4th type weekend !!!!
BLOG does not give buy or sell.
Saleem
Bond yields have come further down to 5.0740%.....down .0440.....a good thing !!!!
What can I say about SHORTS "darling stock RIMM".......it is doing July 4th SHORTS BBQ .....it is being "smoked out of the park"......
RIMM is too hot to handle by shorts...they are CREAMED and worse to follow...if they do not COVER.......
RBC world markets has made RIMM it "focus stock"
Every analyst on "planet earth has raised the rating or price target"
Have not heard from JP Morgan analyst.........must be in a closed door meeting to explain how to deal with massive LOSS on their short on RIMM.
When Paris Hilton say's "RIMM is HOT...it is HOT"......she loves her Blackberry...no wonder she has no other ADDICTION !!!!
You ask how HOT is RIMM....it is UP $33 to all time HIGH..... in triple the volume almost in less than 2 hours...is it hot ENOUGH for you......I HOPE SO $$$$$.
Let us see what else is happening in our stock market......
AAPL is UP on its media driven iphone launch....178 customers are lined up in NYC as of 10AM.....Steve is concerned about this LOW turnout.....so they are allowing 2 iphone per person.
LVS is staging a very strong comeback after finding support @ $70++ level.
SNDK is making me money by going into HIGHER trading level today.
SNDA went to new 52 wk HIGH.
FDRY & STP are flattish to down slightly.
NMX down ......
Other strong stocks are:
MPEL,SWIR,NVTL,FMCN(new HIGH),CTRP,WYNN,IGT,HLIT,TSL,
SNE(found support),SOHU(new HIGH),NCTY(new HIGH),BIDU(Upgrade by Citigroup &new HIGH),NTRI,MA,HPQ.
Looks like a good day for many many stocks in this BULL market today $$$$$$
Next post around 7PM.
Have a nice July 4th type weekend !!!!
BLOG does not give buy or sell.
Saleem
Analysts SINGING RIMM'S tune ...Goldman's target $260 $$$$
Analysts are singing "RIMM'S tune today..... not itune".
They are "lovi'n it".....
Goldman is out of the gate with $260 target for RIMM....
"who let the JOBS OUT"
Steve Jobs is "crying in the rain"
"AAPL marketing machine DERAILED"
JOBS calling an "emergency meeting to deal with RIMM PHOBIA"
Paris Hilton declares "RIMM day & NIGHT in Beverly HILLS"....
RIMM is saying to JOBS "dont CRY for me....your new barbie phone battery is DEAD already"
Cramer was found "passed out in his car with 4 bottles of BLUE label"....
RIMM SHORTS looking for sub-prime LOANS for 10AM margin calls.....
JP Morgan analyst.....pondering his "next career"
Najarian is in a state of SHOCK...walking in SLEEP...looking MORE DAZED..if that is possible ....
Eric Boling is with his "THERAPIST...discussing how many times ....he can make a FOOL of himself on TV......therapist answer.....as long as you have Najarian.....people will focus on him not YOU.......Boy ...was he relieved......he gave his THERAPIST a true religion JEANS......
PS .....I had an IMAGINARY DREAM about all of the ABOVE......
I guess RIMM will have a "great DAY"........
Only 9.90 million shares SHORT as of 10th MAY...... before DONT BUY ( code word for GO SHORT) because it WILL GO DOWN after ER..... recommendations by Cramer,fast Money & JP Morgan+++++
Who says you cant have FUN once in a lifetime $$$$$
Good luck on your LUCKY PICKS !!!
BLOG does not give buy or sell.
Next UPDATE @ 11AM
Saleem
They are "lovi'n it".....
Goldman is out of the gate with $260 target for RIMM....
"who let the JOBS OUT"
Steve Jobs is "crying in the rain"
"AAPL marketing machine DERAILED"
JOBS calling an "emergency meeting to deal with RIMM PHOBIA"
Paris Hilton declares "RIMM day & NIGHT in Beverly HILLS"....
RIMM is saying to JOBS "dont CRY for me....your new barbie phone battery is DEAD already"
Cramer was found "passed out in his car with 4 bottles of BLUE label"....
RIMM SHORTS looking for sub-prime LOANS for 10AM margin calls.....
JP Morgan analyst.....pondering his "next career"
Najarian is in a state of SHOCK...walking in SLEEP...looking MORE DAZED..if that is possible ....
Eric Boling is with his "THERAPIST...discussing how many times ....he can make a FOOL of himself on TV......therapist answer.....as long as you have Najarian.....people will focus on him not YOU.......Boy ...was he relieved......he gave his THERAPIST a true religion JEANS......
PS .....I had an IMAGINARY DREAM about all of the ABOVE......
I guess RIMM will have a "great DAY"........
Only 9.90 million shares SHORT as of 10th MAY...... before DONT BUY ( code word for GO SHORT) because it WILL GO DOWN after ER..... recommendations by Cramer,fast Money & JP Morgan+++++
Who says you cant have FUN once in a lifetime $$$$$
Good luck on your LUCKY PICKS !!!
BLOG does not give buy or sell.
Next UPDATE @ 11AM
Saleem
Thursday, June 28, 2007
RIMM LAUGHING @Cramer,Fast Money & most analyst !!!
Fast Money told everyone not to buy RIMM.....
Cramer told everyone as part of his "genius next week PLAN not to buy RIMM.....before earning"
JP MORGAN analyst told everyone that RIMM will go down even if they meet HIGH EXPECTATIONS......
Stockcharts.com technicals were predicting $140 as price target.......
Guess what........
Paris Hilton is a changed person.......
Paris is calling RIMM'S earning "HOT"
RIMM "beats the PANTS out of SHORTS,Cramer,Bolling,Najarian,JP Morgan and their brother-in-LAWS"
I wonder if they will APOLOGIZE and have a "yellow sticky on their FOREHEAD & few other well known places"
So how "great was RIMM'S earnings"......it is better than great !!!!!
Now for all those "drooling buyers of male version of Barbie phones".....ballyhoed as iphone with invisible everything with glass TOP"......do not use with sticky fingers or while driving...because ...you cannot see anything.....on shiny GLASS when sun is out *******
Back to RIMM'S numbers .......
Sales Q1 $1.08 Billion UP 77% YOY....beats expectations by $300 million
EPS Q1 $1.17..............UP 74.6% YOY...beats expectations by 11 cents
Guidance is also way better than expectations.......
Sales Q2 $ 1.30 to $1.37 Billion vs CONSENSUS of $1.11 billion HIGHER by $260 Million
EPS Q2 $1.37 to $1.49 per share vs CONSENSUS of $1.12 per share HIGHER by 37 cents
The above guidance is the best I have ever seen for any company which has $1 Billion + sales in a quarter..........
Please keep in mind that RIMM has 186 million shares outstanding......
RIMM shares are UP $28++ in AH @ 6.20PM
For the record..... I had 33% of Investment$ invested in RIMM shares.......
RIMM is splitting its stock 3 for 1 payable on Aug 20th....record date is Aug 17th*****
SNDK went to new recent trading HIGH of $49.18......
STP went to new recent trading HIGH of $37.05......
SNDA went new 52 wk HIGH of $31......
FDRY creeping UP to breakout point of $17.22......
BIDU marching along to new HIGH.
FSLR to new HIGH.
TSL was STRONG.
SOHU was STRONG.
LVS came to LIFE.
NTRI STRONG.
SNE is getting close to support.
AAPL TOPPY ...........
Markets should be strong on friday.......
Please do your own due diligence.
BLOG does not give buy or sell.
Next report on friday @ 11 AM.
Saleem
Cramer told everyone as part of his "genius next week PLAN not to buy RIMM.....before earning"
JP MORGAN analyst told everyone that RIMM will go down even if they meet HIGH EXPECTATIONS......
Stockcharts.com technicals were predicting $140 as price target.......
Guess what........
Paris Hilton is a changed person.......
Paris is calling RIMM'S earning "HOT"
RIMM "beats the PANTS out of SHORTS,Cramer,Bolling,Najarian,JP Morgan and their brother-in-LAWS"
I wonder if they will APOLOGIZE and have a "yellow sticky on their FOREHEAD & few other well known places"
So how "great was RIMM'S earnings"......it is better than great !!!!!
Now for all those "drooling buyers of male version of Barbie phones".....ballyhoed as iphone with invisible everything with glass TOP"......do not use with sticky fingers or while driving...because ...you cannot see anything.....on shiny GLASS when sun is out *******
Back to RIMM'S numbers .......
Sales Q1 $1.08 Billion UP 77% YOY....beats expectations by $300 million
EPS Q1 $1.17..............UP 74.6% YOY...beats expectations by 11 cents
Guidance is also way better than expectations.......
Sales Q2 $ 1.30 to $1.37 Billion vs CONSENSUS of $1.11 billion HIGHER by $260 Million
EPS Q2 $1.37 to $1.49 per share vs CONSENSUS of $1.12 per share HIGHER by 37 cents
The above guidance is the best I have ever seen for any company which has $1 Billion + sales in a quarter..........
Please keep in mind that RIMM has 186 million shares outstanding......
RIMM shares are UP $28++ in AH @ 6.20PM
For the record..... I had 33% of Investment$ invested in RIMM shares.......
RIMM is splitting its stock 3 for 1 payable on Aug 20th....record date is Aug 17th*****
SNDK went to new recent trading HIGH of $49.18......
STP went to new recent trading HIGH of $37.05......
SNDA went new 52 wk HIGH of $31......
FDRY creeping UP to breakout point of $17.22......
BIDU marching along to new HIGH.
FSLR to new HIGH.
TSL was STRONG.
SOHU was STRONG.
LVS came to LIFE.
NTRI STRONG.
SNE is getting close to support.
AAPL TOPPY ...........
Markets should be strong on friday.......
Please do your own due diligence.
BLOG does not give buy or sell.
Next report on friday @ 11 AM.
Saleem
Fed finally wakes up to moderate GROWTH....Inflation Tapering !!!!
Fed spoke and market is listening !!!!
Fed said inflation is "moderating".....and Growth is "continuing"...is the JEST of their "non-speak"
Bond yield ticks UP a notch.....acknowledging the "growth confession of fed"
Markets moved UP in anticipation and is continuing its march "further HIGHER"....
Market is "happy with Fed".......
Enjoy rest of the day in UP-trending markets $$$$
Next post @ 7PM.
Saleem
Fed said inflation is "moderating".....and Growth is "continuing"...is the JEST of their "non-speak"
Bond yield ticks UP a notch.....acknowledging the "growth confession of fed"
Markets moved UP in anticipation and is continuing its march "further HIGHER"....
Market is "happy with Fed".......
Enjoy rest of the day in UP-trending markets $$$$
Next post @ 7PM.
Saleem
Markets are in HOLDING pattern for Feds to REPEAT no change again !!!!
Markets are waiting to hear EXACTLY the same thing as last meeting.
Markets should rally going into close.......
CSCO got upgraded alongwith INTC.
STP was UPGRADED by Morgan Stanley to OVERWEIGHT yesterday...thus very HIGH volume....double of average.
Bought SNDA @ open as it was ready to go to new 52 wk HIGH...technically looks very good....today's volume is already 500,000 in first 100 minutes.
Sold my PDN.TO as all uranium stocks in Toronto are breaking down TECHNICALLY....was able to sell @ near high of AM.Uranium price has also peaked @ $138....
STP continuing its march towards HIGHER grounds...did hit $37.05 already.....
RIMM is strong going into earnings.....beat on ER....guidance to be UPBEAT with a slight uptick..they all are playing AAPL low ball game in guidance......
FDRY slowly creeping UP...readying for BREAKOUT above $17.22.....anytime NOW $$$
GOLD is UP $6+
OIL is UP $1+
Strong stocks are:
SNDA,BIDU,RIMM,STP,CSCO,NVDA,DELL,MPEL,FMCN,CTRP,
WFR,AOB,VLO,FSLR,TSL,HOKU,NCTY,MA,AKAM,CIEN.
Weak stocks are:
NVLS(warning),AMAT,BRCM,LRCX,AAPL,GOOG,GRMN,AUY(takeover),
NYX,ICE,SNE,NMR,(Japanese stocks weak on Yen rising against US$),
RVBD,ELX,WYNN,NMX.
Good luck on stock picking......
BLOG does not give buy or sell.
Next post about 3.15 PM ..to give my take on FED non-speak.
Saleem
Markets should rally going into close.......
CSCO got upgraded alongwith INTC.
STP was UPGRADED by Morgan Stanley to OVERWEIGHT yesterday...thus very HIGH volume....double of average.
Bought SNDA @ open as it was ready to go to new 52 wk HIGH...technically looks very good....today's volume is already 500,000 in first 100 minutes.
Sold my PDN.TO as all uranium stocks in Toronto are breaking down TECHNICALLY....was able to sell @ near high of AM.Uranium price has also peaked @ $138....
STP continuing its march towards HIGHER grounds...did hit $37.05 already.....
RIMM is strong going into earnings.....beat on ER....guidance to be UPBEAT with a slight uptick..they all are playing AAPL low ball game in guidance......
FDRY slowly creeping UP...readying for BREAKOUT above $17.22.....anytime NOW $$$
GOLD is UP $6+
OIL is UP $1+
Strong stocks are:
SNDA,BIDU,RIMM,STP,CSCO,NVDA,DELL,MPEL,FMCN,CTRP,
WFR,AOB,VLO,FSLR,TSL,HOKU,NCTY,MA,AKAM,CIEN.
Weak stocks are:
NVLS(warning),AMAT,BRCM,LRCX,AAPL,GOOG,GRMN,AUY(takeover),
NYX,ICE,SNE,NMR,(Japanese stocks weak on Yen rising against US$),
RVBD,ELX,WYNN,NMX.
Good luck on stock picking......
BLOG does not give buy or sell.
Next post about 3.15 PM ..to give my take on FED non-speak.
Saleem
Wednesday, June 27, 2007
Markets killed ALL Fast/scared Money BEARS !!!!
Market ALWAYS does which nobody EXPECTS......
Markets took OFF as soon as Fast/Scared Money crowd LOADED UP with QID/DOG/PUTS..
Eric Bolling & Pete Najarian will have a very LONG WAIT for their FXI shorts since Feb & S&P 1475 PUTS......
@ the rate they are buying PUTS across the board...they will RUN OUT of protection money.....
Both Genius were buying PUTS HARD into morning selloff.......I wonder if they are CRYING all the way to their MAMA'S house.........
Had to start with those Yahoo's STUPID REPEAT put buying pronouncements.....every day the markets goes down .....they are showing OFF their PUT positioning GENIUS........
Yesterday they told everybody that this sell off will last 2 to 3 weeks...........rest is HISTORY !!!!
Najarian needs to be kicked off the show.....he is the worst BOZO on the TUBE........Stewart take him AWAY.....please ......
Eric Bolling at least has good research capabilities.....but chickens out very quickly on every down DAY.....it must be the lack of OXYGEN on NMX floor....I think.....show some BACKBONE $$$
Back to our PREDICTED turn in the market......what a RALLY today.....closing @ HIGH of the DAY $$$$$
Nasdaq was the STAR*******
SOX took the Choc Cake today.........
Semis were FLYING........
STP rocketed to FAME today***********
SNDK asserted its UP move today*******
RIMM came back FIGHTING HARD from almost $4 slump to GREEN********expect great earning and improved GUIDANCE in CC AH**********
FDRY is suppose to have a BREAKOUT any MOMENT ...was GREEN**********
Uranium stocks were GREEN including my PDN.TO**********
AAPL was looking GOOD********
WFR & GRMN(new HIGH)were FLYING********
ICE,NMX,NYX were flying also********
SNDA,NVDA(Najarian sell stock),AMAT,BRCM,NVTL,CIEN,BIDU,SWIR,CTRP,WYNN were all superstars.
Even Fast money SELL on home builders were proven a DUD call...TOL,DHI were all UP...home builders index was UP 2%.......
DUDS were GOOG ,HOKU,SNE,LVS.......
So....... are you all READY for few more days of FUN on Wall & Broad........
Feds will be very SOOTHING @ 2.15PM**********
Please do your due diligence.
BLOG does not give buy or sell.
PS ...do not take Fast Money seriously....they are PAID to TALK....not PAID to THINK ...then SAY something INTELLIGENT.........beside "over-REACTION to daily events"....
I still like Eric......
Saleem
Markets took OFF as soon as Fast/Scared Money crowd LOADED UP with QID/DOG/PUTS..
Eric Bolling & Pete Najarian will have a very LONG WAIT for their FXI shorts since Feb & S&P 1475 PUTS......
@ the rate they are buying PUTS across the board...they will RUN OUT of protection money.....
Both Genius were buying PUTS HARD into morning selloff.......I wonder if they are CRYING all the way to their MAMA'S house.........
Had to start with those Yahoo's STUPID REPEAT put buying pronouncements.....every day the markets goes down .....they are showing OFF their PUT positioning GENIUS........
Yesterday they told everybody that this sell off will last 2 to 3 weeks...........rest is HISTORY !!!!
Najarian needs to be kicked off the show.....he is the worst BOZO on the TUBE........Stewart take him AWAY.....please ......
Eric Bolling at least has good research capabilities.....but chickens out very quickly on every down DAY.....it must be the lack of OXYGEN on NMX floor....I think.....show some BACKBONE $$$
Back to our PREDICTED turn in the market......what a RALLY today.....closing @ HIGH of the DAY $$$$$
Nasdaq was the STAR*******
SOX took the Choc Cake today.........
Semis were FLYING........
STP rocketed to FAME today***********
SNDK asserted its UP move today*******
RIMM came back FIGHTING HARD from almost $4 slump to GREEN********expect great earning and improved GUIDANCE in CC AH**********
FDRY is suppose to have a BREAKOUT any MOMENT ...was GREEN**********
Uranium stocks were GREEN including my PDN.TO**********
AAPL was looking GOOD********
WFR & GRMN(new HIGH)were FLYING********
ICE,NMX,NYX were flying also********
SNDA,NVDA(Najarian sell stock),AMAT,BRCM,NVTL,CIEN,BIDU,SWIR,CTRP,WYNN were all superstars.
Even Fast money SELL on home builders were proven a DUD call...TOL,DHI were all UP...home builders index was UP 2%.......
DUDS were GOOG ,HOKU,SNE,LVS.......
So....... are you all READY for few more days of FUN on Wall & Broad........
Feds will be very SOOTHING @ 2.15PM**********
Please do your due diligence.
BLOG does not give buy or sell.
PS ...do not take Fast Money seriously....they are PAID to TALK....not PAID to THINK ...then SAY something INTELLIGENT.........beside "over-REACTION to daily events"....
I still like Eric......
Saleem
Markets getting OVERSOLD again !!!!
Markets are getting oversold.....all indices are RED again @ 110.04AM.
Sentiments are getting "too bearish"......which is a contrary indicator.
Markets have almost discounted "overbought","slow economy" & "fed meeting".
Will "not be surprised to see a very strong close today".
As you are witnessing that lot of individual stocks are taking "turns in going GREEN"....
Sector rotation plus stock rotation is very much in play...which is a "sign of a healthy markets"
In my portfolio STP has turned around big time and is UP $1++ second day in a row...and has crossed above 50dma of $35.14 by a WIDE margin...last trade @ $35.87......boy am I happy about that $$$
SNDK is also UP $1.02 ...it is trading in its new Higher channel...needs to have a "breakout above $48.90....then $50 will be a "piece of Choc cake".
My uranium PDN.TO is also showing GREEN which is a big relief from yesterday's drubbing.
FDRY is making an effort to be in GREEN.....
RIMM is down again due to jitters over its earning Th AH.
Other strong stocks are:
SNDA,NVDA,AAPL,SWIR,MPEL,JNPR,AMAT,CTRP,WFR,GRMN,AMD,
TSL,NTRI,MR(Upgraded to Buy by Brean Murray).
Surprising weaker stocks are :
GOOG,LVS.
NMX has seen its low today @ $122.27......
Good luck on your positioning today $$$$
Guess what.....Bull market is not dead.....volatility has increased.....
The question is...can you take advantage of this "volatility"????
Please do your own due diligence and be COMFORTABLE with your strategy.
BLOG does not give buy or sell.
Saleem
Sentiments are getting "too bearish"......which is a contrary indicator.
Markets have almost discounted "overbought","slow economy" & "fed meeting".
Will "not be surprised to see a very strong close today".
As you are witnessing that lot of individual stocks are taking "turns in going GREEN"....
Sector rotation plus stock rotation is very much in play...which is a "sign of a healthy markets"
In my portfolio STP has turned around big time and is UP $1++ second day in a row...and has crossed above 50dma of $35.14 by a WIDE margin...last trade @ $35.87......boy am I happy about that $$$
SNDK is also UP $1.02 ...it is trading in its new Higher channel...needs to have a "breakout above $48.90....then $50 will be a "piece of Choc cake".
My uranium PDN.TO is also showing GREEN which is a big relief from yesterday's drubbing.
FDRY is making an effort to be in GREEN.....
RIMM is down again due to jitters over its earning Th AH.
Other strong stocks are:
SNDA,NVDA,AAPL,SWIR,MPEL,JNPR,AMAT,CTRP,WFR,GRMN,AMD,
TSL,NTRI,MR(Upgraded to Buy by Brean Murray).
Surprising weaker stocks are :
GOOG,LVS.
NMX has seen its low today @ $122.27......
Good luck on your positioning today $$$$
Guess what.....Bull market is not dead.....volatility has increased.....
The question is...can you take advantage of this "volatility"????
Please do your own due diligence and be COMFORTABLE with your strategy.
BLOG does not give buy or sell.
Saleem
Tuesday, June 26, 2007
Markets cannot take afternoon HEAT !!!!
Markets are "scared" of afternoon.......they are panicking around 2PM ...sometimes they have "reason" to go down ...most of the time...they just dont like last 2 hours of trading.
Nothing earth shattering today but a RED close .
Decliners had a very comfortable LEAD.
Now we are down to the "wire" on many fronts.......
Fed verdict on thursday @ 2.15 PM.......
RIMM ER AH on thursday......
And...... the end of the MONTH.......end of QUARTER......end of SIX months......window DRESSING......starts from wed and continues until friday.............
Wall street just cannot keep a secret..........
If I were "you"....I will leave all the ABOVE " noise" items and buy high quality stocks @ attractive prices........
Markets will do what it is "pre-programmed to do"........just concentrate on individual stocks....every day fair number actually go UP.....no matter how bad the markets are or going to be....................
Make sure you are comfortable with your STRATEGY $$$$$
So which stocks did what in today's "sloppy market"....................
HOKU went to new 52 week HIGH.
GOOG did pretty GOOD.
STP became "alive today".
Uranium stocks took a "major beating"
NMX was sinking like "titanic".
FSLR went to another NEW HIGH.
LVS & NYX sank to new trading low in recent months.
BX went "below ipo price"......
Oil stocks like VLO.....were on clearance sale...........
Gold stocks were hitting " new" trading low.........
Other than that everything was "just fine".........
Cannot "wait to hear what Eric Bolling & and Pete Najarian plus Scared Money crowd will say"...I should be "all worked UP by 9 PM".........
Please continue to do your OWN due diligence & find your OWN comfort level.
BLOG does not give buy or sell.
Next post wed @ 11AM est.
Saleem
Nothing earth shattering today but a RED close .
Decliners had a very comfortable LEAD.
Now we are down to the "wire" on many fronts.......
Fed verdict on thursday @ 2.15 PM.......
RIMM ER AH on thursday......
And...... the end of the MONTH.......end of QUARTER......end of SIX months......window DRESSING......starts from wed and continues until friday.............
Wall street just cannot keep a secret..........
If I were "you"....I will leave all the ABOVE " noise" items and buy high quality stocks @ attractive prices........
Markets will do what it is "pre-programmed to do"........just concentrate on individual stocks....every day fair number actually go UP.....no matter how bad the markets are or going to be....................
Make sure you are comfortable with your STRATEGY $$$$$
So which stocks did what in today's "sloppy market"....................
HOKU went to new 52 week HIGH.
GOOG did pretty GOOD.
STP became "alive today".
Uranium stocks took a "major beating"
NMX was sinking like "titanic".
FSLR went to another NEW HIGH.
LVS & NYX sank to new trading low in recent months.
BX went "below ipo price"......
Oil stocks like VLO.....were on clearance sale...........
Gold stocks were hitting " new" trading low.........
Other than that everything was "just fine".........
Cannot "wait to hear what Eric Bolling & and Pete Najarian plus Scared Money crowd will say"...I should be "all worked UP by 9 PM".........
Please continue to do your OWN due diligence & find your OWN comfort level.
BLOG does not give buy or sell.
Next post wed @ 11AM est.
Saleem
Markets are RED & GREEN...as focus shifts to FED meeting !!!
Markets are doing their USUAL "nervous dance" as feds are going to decide what to do with interest rates.
Oil is down BIG.....
GOLD is down BIG.....
Housing is in total disarray.....
So let us see what is FED going to do......
Raise interest rate....NO
Worry about INFLATION.....that will be part of BS statement...which they PHOTO COPY...
FED will ACKNOWKEDGE " finally"that economy is SLOWING down & INFLATION is being CONTAINED......whatever that MEANS.......
So RELAX do your "old fashioned due diligence & buy what you like"
You can ALWAYS tell that markets have DISCOUNTED everything including FEDS...when Eric Bolling & Pete Najarian have LOADED on PUTS.....they are my very RELIABLE contrary indicator......
@ 11.10 AM the following stocks are GREEN:
SNDK,STP(I am always DELIGHTED when this DUD is GREEN),FDRY,CSCO,MPEL,DELL,CMED,ICE,GOOG,
MBLX,ELX,TSL,HOKU(new HIGH),BIDU,MR,MA,RIMM(target increased by credit Suisse).
Good luck for rest of the day.
BLOG does not give buy or sell.
Next post around 7PM EST.
Saleem
Oil is down BIG.....
GOLD is down BIG.....
Housing is in total disarray.....
So let us see what is FED going to do......
Raise interest rate....NO
Worry about INFLATION.....that will be part of BS statement...which they PHOTO COPY...
FED will ACKNOWKEDGE " finally"that economy is SLOWING down & INFLATION is being CONTAINED......whatever that MEANS.......
So RELAX do your "old fashioned due diligence & buy what you like"
You can ALWAYS tell that markets have DISCOUNTED everything including FEDS...when Eric Bolling & Pete Najarian have LOADED on PUTS.....they are my very RELIABLE contrary indicator......
@ 11.10 AM the following stocks are GREEN:
SNDK,STP(I am always DELIGHTED when this DUD is GREEN),FDRY,CSCO,MPEL,DELL,CMED,ICE,GOOG,
MBLX,ELX,TSL,HOKU(new HIGH),BIDU,MR,MA,RIMM(target increased by credit Suisse).
Good luck for rest of the day.
BLOG does not give buy or sell.
Next post around 7PM EST.
Saleem
Monday, June 25, 2007
Roller Coaster Ride on wall street !!!!
Although I have never been on a Roller Coaster ride....but I felt a Virtual ride on wall street.
Technicians will hate today's TAPE.....but markets did not close @ LOW of the day.....thank good ness for that !!!!!
Markets are JITTERY & VOLATILE @ these levels ...which is a good thing...If you are thinking/planning for next move UP.....
I do not like......when markets takes a "U" turn & go down in a hurry.......BUT I go QUICKLY to plan "B"......and todays plan "B" was to lock profit in SNDA of about 4%.
Sold SNDA and increased my position in FDRY by 162%.
RIMM gave me worse hit 2.88% than market or my other stocks.....overall DOWN 1.89% as I got no support from STP or SNDK...
My Uranium stock PDN.TO & FDRY were down the least.......
Overall markets were led by decliners 2 to 1.
JPMorgan analyst had a prophetic call on RIMM ...that even if RIMM meets the high expectations of earnings...the stock will still FALL.......they must be BUYING on this call.
UBS analyst raised RIMM price target to $220 from $180 and increased the earning estimate.....and repeated "BUY" recommendation......but JP Morgan won the day ???
Strong stocks on a bad day were:
CMED,GOOG(new HIGH),FSLR(new HIGH),CTRP,GRMN(new HIGH),WFR,
HOKU(new HIGH),TSL,MR,AKAM,NVTL,YHOO,NCTY(new HIGH).
I am hoping for a GREEN day on tuesday......see if Bear Stearn's can CLARIFY their MESS ....
Please do your own due diligence & find your COMFORT level all the time.
BLOG does not give buy or sell.
Next post tuesday around 11AM est.
Saleem
Technicians will hate today's TAPE.....but markets did not close @ LOW of the day.....thank good ness for that !!!!!
Markets are JITTERY & VOLATILE @ these levels ...which is a good thing...If you are thinking/planning for next move UP.....
I do not like......when markets takes a "U" turn & go down in a hurry.......BUT I go QUICKLY to plan "B"......and todays plan "B" was to lock profit in SNDA of about 4%.
Sold SNDA and increased my position in FDRY by 162%.
RIMM gave me worse hit 2.88% than market or my other stocks.....overall DOWN 1.89% as I got no support from STP or SNDK...
My Uranium stock PDN.TO & FDRY were down the least.......
Overall markets were led by decliners 2 to 1.
JPMorgan analyst had a prophetic call on RIMM ...that even if RIMM meets the high expectations of earnings...the stock will still FALL.......they must be BUYING on this call.
UBS analyst raised RIMM price target to $220 from $180 and increased the earning estimate.....and repeated "BUY" recommendation......but JP Morgan won the day ???
Strong stocks on a bad day were:
CMED,GOOG(new HIGH),FSLR(new HIGH),CTRP,GRMN(new HIGH),WFR,
HOKU(new HIGH),TSL,MR,AKAM,NVTL,YHOO,NCTY(new HIGH).
I am hoping for a GREEN day on tuesday......see if Bear Stearn's can CLARIFY their MESS ....
Please do your own due diligence & find your COMFORT level all the time.
BLOG does not give buy or sell.
Next post tuesday around 11AM est.
Saleem
Markets GREEN on weaker housing & lower bond yield !!!!
Markets are GREEN ...thanks to weaker housing data as expected.
Bond yield have retreated to 5.0920% @ 10.50AM.
Among the GREEN stocks are :
FDRY,STP,CMED,DELL,AAPL, GOOG(NEW HIGH),CTRP,MSO,
WFR,GRMN(NEW HIGH),FSLR(NEW HIGH),TSL,HOKU,ICE.
My portfolio is WEAKER than Market mostly because of RIMM being weak.
Good luck on rest of the day.
Next post around 7 PM.
BLOG does not give buy or sell.
Saleem
Bond yield have retreated to 5.0920% @ 10.50AM.
Among the GREEN stocks are :
FDRY,STP,CMED,DELL,AAPL, GOOG(NEW HIGH),CTRP,MSO,
WFR,GRMN(NEW HIGH),FSLR(NEW HIGH),TSL,HOKU,ICE.
My portfolio is WEAKER than Market mostly because of RIMM being weak.
Good luck on rest of the day.
Next post around 7 PM.
BLOG does not give buy or sell.
Saleem
Sunday, June 24, 2007
SNDA....biggest turnaround story in online gaming !!!!
SNDA is the biggest turnaround story in online gaming.
SNDA completely REVAMPED its business model and is showing great success.
SNDA used to be the biggest growth story of online gaming 2 years ago...then came along NTES who went to undisputed leadership role with its in-house games which ruled as top 2 games in China.
SNDA went back to drawing board and allowed its game for "free"...a revolutionary idea which took SNDA stock from $45 to $12.23 in a 12 month span.......
Now SNDA business model is working and free Casual games are "rage again" with increasing peak concurrent users and average users.....
SNDA also have EZ centre platform which provide contents like movies,financial info ,music,travel.........
In the last 13 months SNDA stock has shown the greatest increase % wise of any online gaming company......went from $12.23 in may 06 to $30.63 in may 07...a jump of 150.4%.....
SNDA is trading @ $28.58 after basing for about 4 weeks......
SNDA FA is equally impressive which is :
Sales 07 $297.08 million
YOY.........+40.2%
Earning 07..$1.46
YOY............+78%
PE..............19.58
SNDA is showing continued leadership in its casual online gaming format...and is projected to grow further in FY 08.
SNDA is also shown as breakout stock by www.stockconsultant.com
Please do your own due diligence as I own SNDA.
BLOG does not give buy or sell.
My next post will be around 11AM on monday.
Good luck to all on next weeks trading.
Enjoy the rest of sunday !!!
Saleem
SNDA completely REVAMPED its business model and is showing great success.
SNDA used to be the biggest growth story of online gaming 2 years ago...then came along NTES who went to undisputed leadership role with its in-house games which ruled as top 2 games in China.
SNDA went back to drawing board and allowed its game for "free"...a revolutionary idea which took SNDA stock from $45 to $12.23 in a 12 month span.......
Now SNDA business model is working and free Casual games are "rage again" with increasing peak concurrent users and average users.....
SNDA also have EZ centre platform which provide contents like movies,financial info ,music,travel.........
In the last 13 months SNDA stock has shown the greatest increase % wise of any online gaming company......went from $12.23 in may 06 to $30.63 in may 07...a jump of 150.4%.....
SNDA is trading @ $28.58 after basing for about 4 weeks......
SNDA FA is equally impressive which is :
Sales 07 $297.08 million
YOY.........+40.2%
Earning 07..$1.46
YOY............+78%
PE..............19.58
SNDA is showing continued leadership in its casual online gaming format...and is projected to grow further in FY 08.
SNDA is also shown as breakout stock by www.stockconsultant.com
Please do your own due diligence as I own SNDA.
BLOG does not give buy or sell.
My next post will be around 11AM on monday.
Good luck to all on next weeks trading.
Enjoy the rest of sunday !!!
Saleem
FDRY ...leaving its troubles behind !!!!!
FDRY is my latest addition to my portfolio.....bought on friday in market selloff.
FDRY has filed its delayed RESTATED reports to SEC on June 14th ...... after its own backdating option probe.
FDRY revised all its reports from FY 2006 and also filed Q1 07 to SEC.
The interesting part of all this is......that FDRY is in total compliance with listing requirement of Nasdaq.
FDRY in its SEC filing .....reported the following numbers for Q1 :
Sales Q1 $135.8 million
YOY.........+19.1%
EPS Q1.... 6 cents
YOY..........+50%
FDRY also reported to SEC in its restated filings that it has cash on hand of $897 million...FDRY has 147.55 million share outstanding...which means FDRY has $6.08 cash per share.
FDRY cash on hand means two things only...one some great CFO of other company may be tempted to make an offer.....or company may return some of this money to shareholders.
Most analyst upgraded FDRY to BUY upon filing.....as they said...there was no "surprise" in its own option backdating or SEC restatement.....option cost was LOWER than previous range given by FDRY.
Target for FDRY on the average is $20......which I am sure will move forward as june earnings are announced.
Let us look @ relative valuation of FDRY vs JNPR
FDRY fy06 earning 51 cents fy 07 earning est 63 cents +23.5% YOY...PE 26.73
JNPR fy06 earning 74 cents fy 07 earning est 81 cents +9.4% YOY.......PE30.96
FDRY closed @ $16.84
JNPR closed @ $25.08
Technically FDRY is shown as BREAKOUT stock by www.stockconsultant.com
Please do your own due diligence as I own FDRY for my portfolio.
BLOG does not give buy or sell.
Saleem
FDRY has filed its delayed RESTATED reports to SEC on June 14th ...... after its own backdating option probe.
FDRY revised all its reports from FY 2006 and also filed Q1 07 to SEC.
The interesting part of all this is......that FDRY is in total compliance with listing requirement of Nasdaq.
FDRY in its SEC filing .....reported the following numbers for Q1 :
Sales Q1 $135.8 million
YOY.........+19.1%
EPS Q1.... 6 cents
YOY..........+50%
FDRY also reported to SEC in its restated filings that it has cash on hand of $897 million...FDRY has 147.55 million share outstanding...which means FDRY has $6.08 cash per share.
FDRY cash on hand means two things only...one some great CFO of other company may be tempted to make an offer.....or company may return some of this money to shareholders.
Most analyst upgraded FDRY to BUY upon filing.....as they said...there was no "surprise" in its own option backdating or SEC restatement.....option cost was LOWER than previous range given by FDRY.
Target for FDRY on the average is $20......which I am sure will move forward as june earnings are announced.
Let us look @ relative valuation of FDRY vs JNPR
FDRY fy06 earning 51 cents fy 07 earning est 63 cents +23.5% YOY...PE 26.73
JNPR fy06 earning 74 cents fy 07 earning est 81 cents +9.4% YOY.......PE30.96
FDRY closed @ $16.84
JNPR closed @ $25.08
Technically FDRY is shown as BREAKOUT stock by www.stockconsultant.com
Please do your own due diligence as I own FDRY for my portfolio.
BLOG does not give buy or sell.
Saleem
Saturday, June 23, 2007
Technically WEAK stocks for this YOYO market !!!
This is a list of technically weak stocks based on various technical formations.Please DO FA to get an accurate positioning.
BSX,SGP,AXP,CRM,PFG,AVP,HXL,IMCL,CADX,GIGM,BUCY,CLUB,
WYNN,BTU,UNH,NBIX,THQI,LAZ,FBR,DLLR,NWSA.
Please do your own due diligence.
BLOG does not give buy or sell.
In my sunday post around 10AM EST...I will do FA on my portfolio.
Saleem
BSX,SGP,AXP,CRM,PFG,AVP,HXL,IMCL,CADX,GIGM,BUCY,CLUB,
WYNN,BTU,UNH,NBIX,THQI,LAZ,FBR,DLLR,NWSA.
Please do your own due diligence.
BLOG does not give buy or sell.
In my sunday post around 10AM EST...I will do FA on my portfolio.
Saleem
Momentum Stocks for this YOYO market !!!!!!
This is a list of momentum stocks.Please use tight stops.....Price can fluctuate several $ based on events,market conditions and good old fashioned manipulation by Hedge funds & MM.
FLIR,GME,AMZN,CRDN,CY,NVDA,NTGR,JEC,SWIR,FSLR,
BIDU,MA,RIMM,GOOG,ICE,NCTY,RVBD,VLO,GRMN.
BLOG does not give buy or sell.
Saleem
FLIR,GME,AMZN,CRDN,CY,NVDA,NTGR,JEC,SWIR,FSLR,
BIDU,MA,RIMM,GOOG,ICE,NCTY,RVBD,VLO,GRMN.
BLOG does not give buy or sell.
Saleem
Technically STRONG stocks for this YOYO market !!!!
The following is a list of technically strong stocks based on various technical formations.This should be combined with FA.Technicians cannot predict events which may affect stock prices.
NYSE
F,TSM,JNC,AMR,GMO,LNN,VQ,LTD,COH,IFX,CMI,FO,SKM,CBK.
Nasdaq
SIRI,SMSI,SIRF,MOSY,DEIX,TEXG,SWKS,PWAV,JSDA,GSIC,
ALTI,MTSN,HLIT,TWTC,THQI,VICL,LMRA,PLUG.
TSX (Toronto Stock Exchange)
MGL,MGA,CXX,URE,IVN,ARZ,ATA,TIM,SLW,UXG,SGI,CTC.
Please do your own due diligence.
BLOG does not give buy or sell.
Saleem
NYSE
F,TSM,JNC,AMR,GMO,LNN,VQ,LTD,COH,IFX,CMI,FO,SKM,CBK.
Nasdaq
SIRI,SMSI,SIRF,MOSY,DEIX,TEXG,SWKS,PWAV,JSDA,GSIC,
ALTI,MTSN,HLIT,TWTC,THQI,VICL,LMRA,PLUG.
TSX (Toronto Stock Exchange)
MGL,MGA,CXX,URE,IVN,ARZ,ATA,TIM,SLW,UXG,SGI,CTC.
Please do your own due diligence.
BLOG does not give buy or sell.
Saleem
Friday, June 22, 2007
Markets got the NAIL in the head...thanks to politicians !!!!
Markets went into a tailspin and closed near LOWS of the day by 1%+.
Decliners lead by better than 2 to 1......
Markets @ these level will be very "volatile & nervous about everything".
It is almost becoming " routine".....to be down one day & UP next day......guess what next day monday should be ....an UP day $$$$$
STP was "green" for a change and was showing sign of life by close...yes there was a pulse in STP UP 65 Cents or 1.96% ......most of the Solar stocks were UP big FSLR UP by $4 to new all time HIGH....TSL UP$2+ continuing its recovery...SPWR UP $3++.
GOOG,BIDU both were UP big near all time HIGH @ close.
SNDA also was UP 74 Cents or 2.66% while SOHU was flying to new 52 wk HIGH on heavy volume.
I took advantage of this selloff by buying FDRY a networking company which is trading just below 52 wk HIGH....FDRY is on Breakout watch list.....just like SNDA ,SNDK & RIMM $$$$$$
RIMM was down modestly 31 cents & UP AH ......it is reporting earning on thursday AH.....
SNDK gave up 64 cents on a very negative day.......
Considering everything my portfolio came out pretty good...on a down day !!!!
I will be posting on saturday by 10AM...list of technically strong stocks !!!!
It is a tough market ...but DD through FA & TA sometimes "saves your day".
BLOG does not give buy or sell.
Saleem
Decliners lead by better than 2 to 1......
Markets @ these level will be very "volatile & nervous about everything".
It is almost becoming " routine".....to be down one day & UP next day......guess what next day monday should be ....an UP day $$$$$
STP was "green" for a change and was showing sign of life by close...yes there was a pulse in STP UP 65 Cents or 1.96% ......most of the Solar stocks were UP big FSLR UP by $4 to new all time HIGH....TSL UP$2+ continuing its recovery...SPWR UP $3++.
GOOG,BIDU both were UP big near all time HIGH @ close.
SNDA also was UP 74 Cents or 2.66% while SOHU was flying to new 52 wk HIGH on heavy volume.
I took advantage of this selloff by buying FDRY a networking company which is trading just below 52 wk HIGH....FDRY is on Breakout watch list.....just like SNDA ,SNDK & RIMM $$$$$$
RIMM was down modestly 31 cents & UP AH ......it is reporting earning on thursday AH.....
SNDK gave up 64 cents on a very negative day.......
Considering everything my portfolio came out pretty good...on a down day !!!!
I will be posting on saturday by 10AM...list of technically strong stocks !!!!
It is a tough market ...but DD through FA & TA sometimes "saves your day".
BLOG does not give buy or sell.
Saleem
Washington new tax efforts...tanking the markets....
Markets are taking a drubbing because legislators are zeroing on hedge funds & private equity.
They surprise the markets today by introducing a "new interest carrying taxes".....which was exempt for private equity & hedge funds......
When hedge funds are "impacted"...they are selling today.
What do I think of this and adjustment of capital Gain taxes as pertaining to Blackstone group....it is extremely "minor in scope but MAJOR in surprise to the markets".
Bond yields are back to unchanged levels........which is a "good thing".
As it is friday and so much washington interference in market mechanism....this will take a toll in the indices.
Use this day as another repositioning day to better risk/reward ratio in your portfolio.Go for strong stocks which is down today.
@ 1PM the following stocks are GREEN:
STP (what a pleasure),SNDA,GOOG on upgrade,EBAY on upgrade,NVDA,SIRF,
CTRP,LVS (found support finally),FSLR new HIGH,
TSL continuing recovery from support,SOHU new HIGH,NCTY,BIDU.
BX had a so so IPO debut.
Good luck on rest of the day.
Next update @ 7pm est.
BLOG does not give buy or sell.
Saleem
Gold & Oil are fading.
They surprise the markets today by introducing a "new interest carrying taxes".....which was exempt for private equity & hedge funds......
When hedge funds are "impacted"...they are selling today.
What do I think of this and adjustment of capital Gain taxes as pertaining to Blackstone group....it is extremely "minor in scope but MAJOR in surprise to the markets".
Bond yields are back to unchanged levels........which is a "good thing".
As it is friday and so much washington interference in market mechanism....this will take a toll in the indices.
Use this day as another repositioning day to better risk/reward ratio in your portfolio.Go for strong stocks which is down today.
@ 1PM the following stocks are GREEN:
STP (what a pleasure),SNDA,GOOG on upgrade,EBAY on upgrade,NVDA,SIRF,
CTRP,LVS (found support finally),FSLR new HIGH,
TSL continuing recovery from support,SOHU new HIGH,NCTY,BIDU.
BX had a so so IPO debut.
Good luck on rest of the day.
Next update @ 7pm est.
BLOG does not give buy or sell.
Saleem
Gold & Oil are fading.
It is the Bond Yield again !!!!!!
Markets are lower @ open....because of bond yield @ 5.1990...an UPTICK of .0360.
Expect markets to fight this negative bravely and close on a Higher note.
All indices are down close to .48%.
Even in this minor selloff some stocks are showing GREEN...and they are:
STP(what a surprise),SNDA,RIMM,JSDA,AMAT,CMED,SIRF (on a purchase),
GOOG(up $8),ICE,FMCN,CTRP,GRMN,TSL,SOHU.
Bear Stearn news is just a "noise"...what is couple of billion between friends.....in a thousands of trillion stock market................
Good luck on todays trade.
Due to allergy in my eyes...slept-in till 9.35 AM...a rarity.... normally get up around 6.30 AM.
This post was written around 10.00AM.
Will update around 1PM EST.
BLOG does not give buy or sell.
Saleem
Expect markets to fight this negative bravely and close on a Higher note.
All indices are down close to .48%.
Even in this minor selloff some stocks are showing GREEN...and they are:
STP(what a surprise),SNDA,RIMM,JSDA,AMAT,CMED,SIRF (on a purchase),
GOOG(up $8),ICE,FMCN,CTRP,GRMN,TSL,SOHU.
Bear Stearn news is just a "noise"...what is couple of billion between friends.....in a thousands of trillion stock market................
Good luck on todays trade.
Due to allergy in my eyes...slept-in till 9.35 AM...a rarity.... normally get up around 6.30 AM.
This post was written around 10.00AM.
Will update around 1PM EST.
BLOG does not give buy or sell.
Saleem
Thursday, June 21, 2007
Scared Money missed another rally.......
Fast Money ala SCARED MONEY missed another strong rally "again".
I wonder how those PUTS & FXI short position since early Feb....... doing........
Sorry....... had to start with those lines........need some humour @ the expense of some very successful traders.......
Markets closed on a very strong note......bodes extremely well for friday $$$$$
UP volume was more than 2 to 1 on NYSE & 3 to 1 on Nasdaq.
Cramer who was advising extreme CAUTION yesterday and telling everyone to sell all profitable trades...................now has CHANGED his TUNE....must be the Barretta's effect....name of da TUNE is.....I am IMPRESSED with DA CHIP TAPE.................
Mr Cramer welcome to the world of Technology.......they have been FLYING since FEB.......
SNDK with no news @ all have...... been flying into uncharted zone since Dec 06...it is all about the fundamental SHIFT which is happening in NAND situation......which is.....
NAND oversupply is all but GONE.......Flash memory will be in demand thanks to consumer appetite for Memory sticks......popularly known as FLASH memory either made or licensed by SNDK......
P&F target for SNDK is $64.
RIMM continued its march towards record earnings to be announced on June 28th.......it will be a BLOWOUT.
NVDA showed its new gaming chips @ a conference and had very bullish things to say.....closed @ new all time HIGH.
AMD came to life along with MU,PMCS,BRCM,INTC,AMAT,SWIR.................................
When SOX starts to take charge ........watch out for a major RUNUP in nasdaq.
OVERWEIGHT in TECHS is highly desireable NOW.
Surprisingly DHI & TOL .....housing names were green also..............the question is..... have they discounted the slump in housing already.....you never know !!!!
AAPL,GOOG,FMCN,RVBD,WFR,MBLX,VLO,GRMN,HOKU,FTEK,LRCX,
AKAM,MA..were strong.
Good luck on friday.
BLOG does not give buy or sell.
Next post Friday 9AM EST.
Saleem
I wonder how those PUTS & FXI short position since early Feb....... doing........
Sorry....... had to start with those lines........need some humour @ the expense of some very successful traders.......
Markets closed on a very strong note......bodes extremely well for friday $$$$$
UP volume was more than 2 to 1 on NYSE & 3 to 1 on Nasdaq.
Cramer who was advising extreme CAUTION yesterday and telling everyone to sell all profitable trades...................now has CHANGED his TUNE....must be the Barretta's effect....name of da TUNE is.....I am IMPRESSED with DA CHIP TAPE.................
Mr Cramer welcome to the world of Technology.......they have been FLYING since FEB.......
SNDK with no news @ all have...... been flying into uncharted zone since Dec 06...it is all about the fundamental SHIFT which is happening in NAND situation......which is.....
NAND oversupply is all but GONE.......Flash memory will be in demand thanks to consumer appetite for Memory sticks......popularly known as FLASH memory either made or licensed by SNDK......
P&F target for SNDK is $64.
RIMM continued its march towards record earnings to be announced on June 28th.......it will be a BLOWOUT.
NVDA showed its new gaming chips @ a conference and had very bullish things to say.....closed @ new all time HIGH.
AMD came to life along with MU,PMCS,BRCM,INTC,AMAT,SWIR.................................
When SOX starts to take charge ........watch out for a major RUNUP in nasdaq.
OVERWEIGHT in TECHS is highly desireable NOW.
Surprisingly DHI & TOL .....housing names were green also..............the question is..... have they discounted the slump in housing already.....you never know !!!!
AAPL,GOOG,FMCN,RVBD,WFR,MBLX,VLO,GRMN,HOKU,FTEK,LRCX,
AKAM,MA..were strong.
Good luck on friday.
BLOG does not give buy or sell.
Next post Friday 9AM EST.
Saleem
Semis & Techs are doing "happy $$$$ dance"
Markets are meandering ...but dont tell that to semis,chips,techs......they are doing what was "overdue".....a HUGE rally.
This proves my point...... know your stocks and.... know which sectors will OUTPERFORM next.
Do not pay any attention to "noise"......it is the "biggest distraction to making money".
Alway's position for contra-play......what is contra-play?
It is simply positioning the opposite of what is happening...yesterday techs were down BIG.....you should have BOUGHT instead of "intellectualizing...why".
You know something...nobody knows WHY...because wall street is "highly manipulated by hedge funds alongwith market makers"......unlike overseas markets which is investors paradise.
So know your stocks FA & TA and keep making BETS.....end of the story.
Strong stocks so far are @ 12.27PM......
SNDK,RIMM,NVDA,AMD,AAPL,GOOG,PMCS,SWIR,AMAT,VLO,GRMN,
BRCM,STX,LRCX,HOKU.
All this is happening when all index are RED......go figure.
Philly index was healthy.....which means economy is GROWING...which means profit will be HIGHER.
On the contrary you can follow Eric Bolling & be SHORT FXI since feb.....and buy puts on every long position as per Pete Najarian......which is a short cut to losing equity or all GAINS....so i think !!!!
Good luck on "avoiding noise & fear mongering by vested interest"
BLOG does not give buy or sell.
Next post around 7PM EST.
Saleem
This proves my point...... know your stocks and.... know which sectors will OUTPERFORM next.
Do not pay any attention to "noise"......it is the "biggest distraction to making money".
Alway's position for contra-play......what is contra-play?
It is simply positioning the opposite of what is happening...yesterday techs were down BIG.....you should have BOUGHT instead of "intellectualizing...why".
You know something...nobody knows WHY...because wall street is "highly manipulated by hedge funds alongwith market makers"......unlike overseas markets which is investors paradise.
So know your stocks FA & TA and keep making BETS.....end of the story.
Strong stocks so far are @ 12.27PM......
SNDK,RIMM,NVDA,AMD,AAPL,GOOG,PMCS,SWIR,AMAT,VLO,GRMN,
BRCM,STX,LRCX,HOKU.
All this is happening when all index are RED......go figure.
Philly index was healthy.....which means economy is GROWING...which means profit will be HIGHER.
On the contrary you can follow Eric Bolling & be SHORT FXI since feb.....and buy puts on every long position as per Pete Najarian......which is a short cut to losing equity or all GAINS....so i think !!!!
Good luck on "avoiding noise & fear mongering by vested interest"
BLOG does not give buy or sell.
Next post around 7PM EST.
Saleem
Markets to react to 10yr bond yield only....
When their is jitteriness in the markets for any reason.....pay attention to bond yield.
As I write this piece @911AM bond yield is showing an UPTICK again to 5.1490% which is up .0260.......how the market takes this UPTICK will determine today's trading.
In my opinion a minor uptick is already in the market and has been discounted yesterday.
As usual Fast Money crowd was panicking and claiming that the world is coming to an end with this sub-prime issue.Their featured guest Bill Finckelstein is an old time BEAR whose bear approach has caused him BURNT marks all over his body.
Fast Money should rename their program to "SCARED MONEY"...because they are always buying PUT in this strong tape......Eric Bolling has been short FXI which is @ an all time high...boy we really need advice from these SCARED TRADERS.
Pete Najarian has no understanding of day to day issues of wall street...he looks like a grown UP character of STEWART from famous commercial.
Whole world IGNORED wall street CHICKEN ACT and went to all time HIGHS....they can tell manipulation vs real issues.....wake UP SCARED MONEY...the world is LAUGHING all the way to the bank.
Looks like RIMM is headed higher.
SNDK is headed higher.
SNDA is looking higher.
My URANIUM superstar PDN.TO is looking higher in pre-market.
Only STP I am NEVER sure these days......did you notice that I DO NOT add to this UNDERPERFORMER...I noticed that everyday......sorry just a bad joke.
Hope you are positioned to take advantage of beaten down stocks....hey the worst that can happen is ..you can be wrong for a day only !!!
Good luck for the rest of the day.
Next post around 1230PM.
BLOG does not give buy or sell.
Saleem
As I write this piece @911AM bond yield is showing an UPTICK again to 5.1490% which is up .0260.......how the market takes this UPTICK will determine today's trading.
In my opinion a minor uptick is already in the market and has been discounted yesterday.
As usual Fast Money crowd was panicking and claiming that the world is coming to an end with this sub-prime issue.Their featured guest Bill Finckelstein is an old time BEAR whose bear approach has caused him BURNT marks all over his body.
Fast Money should rename their program to "SCARED MONEY"...because they are always buying PUT in this strong tape......Eric Bolling has been short FXI which is @ an all time high...boy we really need advice from these SCARED TRADERS.
Pete Najarian has no understanding of day to day issues of wall street...he looks like a grown UP character of STEWART from famous commercial.
Whole world IGNORED wall street CHICKEN ACT and went to all time HIGHS....they can tell manipulation vs real issues.....wake UP SCARED MONEY...the world is LAUGHING all the way to the bank.
Looks like RIMM is headed higher.
SNDK is headed higher.
SNDA is looking higher.
My URANIUM superstar PDN.TO is looking higher in pre-market.
Only STP I am NEVER sure these days......did you notice that I DO NOT add to this UNDERPERFORMER...I noticed that everyday......sorry just a bad joke.
Hope you are positioned to take advantage of beaten down stocks....hey the worst that can happen is ..you can be wrong for a day only !!!
Good luck for the rest of the day.
Next post around 1230PM.
BLOG does not give buy or sell.
Saleem
Wednesday, June 20, 2007
Market panics on sub-prime WOE !!!!
Market is NEVER ready for any "surprise"......however "small" it is.......the MANTRA is sell sell sell......& wait for "smoke to CLEAR".
So a small issue of sub-prime defaulting ASSET......caused today's MAJOR PANIC.
After close ...the whole default was quickly "absorbed by two consenting parties".
Did someone make "big time money on this panic...you can bet your investment on that".
One thing I have learned to do......is never sell in panic......EVALUATE the intensity of the problem........and I discovered that it is the same 2% sub-prime issue...which has been beaten to death 40 times ALREADY......so much for surprise !!!!
I took advantage of today's situation by making some trades.....sold profitable position in EGO & UXG.....and bought SNDK back which I only sold yesterday...what a gift......Now I have a bigger position .
I ALWAYS think..... if I could do SOME TRADE to IMPROVE my risk/reward ratio...for NEXT DAY........my actions speak LOUDER than words $$$$.
AH HOKU is flying for inking another supply deal for 7 years UP $1.07.
All index were DOWN 1%++ with 3 to 1 decline lead.
Today's selloff brings us that much CLOSER to another major RUNUP.......
The only question remains.......is your portfolio READY for next UPLEG $$$$$$
My portfolio as of now is:
STP,SNDA,SNDK,RIMM,PDN.TO.
Some stocks that did well today were:
FSLR,TSL,NMX,ICE,FMCN,NCTY,QID,TZOO,JADE,MBLX,PMCS.
Hoping for a better thursday...for all of US $$$$$
Please do your OWN due diligence and find your OWN comfort level.
BLOG does not give buy or sell.
Saleem
So a small issue of sub-prime defaulting ASSET......caused today's MAJOR PANIC.
After close ...the whole default was quickly "absorbed by two consenting parties".
Did someone make "big time money on this panic...you can bet your investment on that".
One thing I have learned to do......is never sell in panic......EVALUATE the intensity of the problem........and I discovered that it is the same 2% sub-prime issue...which has been beaten to death 40 times ALREADY......so much for surprise !!!!
I took advantage of today's situation by making some trades.....sold profitable position in EGO & UXG.....and bought SNDK back which I only sold yesterday...what a gift......Now I have a bigger position .
I ALWAYS think..... if I could do SOME TRADE to IMPROVE my risk/reward ratio...for NEXT DAY........my actions speak LOUDER than words $$$$.
AH HOKU is flying for inking another supply deal for 7 years UP $1.07.
All index were DOWN 1%++ with 3 to 1 decline lead.
Today's selloff brings us that much CLOSER to another major RUNUP.......
The only question remains.......is your portfolio READY for next UPLEG $$$$$$
My portfolio as of now is:
STP,SNDA,SNDK,RIMM,PDN.TO.
Some stocks that did well today were:
FSLR,TSL,NMX,ICE,FMCN,NCTY,QID,TZOO,JADE,MBLX,PMCS.
Hoping for a better thursday...for all of US $$$$$
Please do your OWN due diligence and find your OWN comfort level.
BLOG does not give buy or sell.
Saleem
Markets marking time ????
Markets remain @ unchanged levels for the most morning so far......
OIL is down BIG $1.36.......still markets WAIT.......
GOLD is down $3.20.....still markets WAIT......
Bond yield @ 5.1170...a slight UPTICK.....& markets WAIT.....
Markets will move on its own time ......Marking time with FLATTISH tone is not a "bad thing".
TREND is definitely UP......so position accordingly......being AHEAD of TREND .....is a great investment INSIGHT......
I ALWAYS have some CONTRA-TREND plays in my portfolio......
EGO is behaving well when other gold stocks are in negative mode....
PDN.TO my Uranium play is UP again 2.25% so far.....this is my largest position in terms of number of shares.....while every uranium stock I follow from CCJ,DNN,SXR are all down...how it is possible.....
In both EGO & PDN.TO closely following the fundamentals & technical picture makes it possible.
SNDA is also in & out of GREEN with every 10th trade....not bad for an IFFY day so far.
RIMM staying flattish.
STP as usual is down another 27 cent.....but staying put with this ...patience will eventually pay off...I hope.....
Strong stocks today are:
FMCN( new HIGH),PMCS,JSDA,ICE,GOOG,FSLR,NMR,NCTY,
BIDU(new HIGH),
NYX,NTRI,TZOO,MA,JADE.
Again too many RED stocks ...no point in listing.
Good luck for rest of the day !!!!
BLOG does not give buy or sell.
next update @ 7PM EST.
Saleem
OIL is down BIG $1.36.......still markets WAIT.......
GOLD is down $3.20.....still markets WAIT......
Bond yield @ 5.1170...a slight UPTICK.....& markets WAIT.....
Markets will move on its own time ......Marking time with FLATTISH tone is not a "bad thing".
TREND is definitely UP......so position accordingly......being AHEAD of TREND .....is a great investment INSIGHT......
I ALWAYS have some CONTRA-TREND plays in my portfolio......
EGO is behaving well when other gold stocks are in negative mode....
PDN.TO my Uranium play is UP again 2.25% so far.....this is my largest position in terms of number of shares.....while every uranium stock I follow from CCJ,DNN,SXR are all down...how it is possible.....
In both EGO & PDN.TO closely following the fundamentals & technical picture makes it possible.
SNDA is also in & out of GREEN with every 10th trade....not bad for an IFFY day so far.
RIMM staying flattish.
STP as usual is down another 27 cent.....but staying put with this ...patience will eventually pay off...I hope.....
Strong stocks today are:
FMCN( new HIGH),PMCS,JSDA,ICE,GOOG,FSLR,NMR,NCTY,
BIDU(new HIGH),
NYX,NTRI,TZOO,MA,JADE.
Again too many RED stocks ...no point in listing.
Good luck for rest of the day !!!!
BLOG does not give buy or sell.
next update @ 7PM EST.
Saleem
Markets Ready to RUN UP.......
Futures pointing to an UP markets today.
MGM is going to be down @ least $12......as bid is being withdrawn by MR K.
BIDU continues its march to another HIGH in pre-market.
All strong stocks are GREEN and they include:
RIMM,GOOG,AAPL,BIDU,AMZN,SPWR,FSLR,GROW,CMED.........
GOLD slightly down......
OIL slightly down but will change after inventory report......
Good luck on todays trade.
BLOG does not give buy or sell.
Next update around 1230PM est.
Saleem
MGM is going to be down @ least $12......as bid is being withdrawn by MR K.
BIDU continues its march to another HIGH in pre-market.
All strong stocks are GREEN and they include:
RIMM,GOOG,AAPL,BIDU,AMZN,SPWR,FSLR,GROW,CMED.........
GOLD slightly down......
OIL slightly down but will change after inventory report......
Good luck on todays trade.
BLOG does not give buy or sell.
Next update around 1230PM est.
Saleem
Tuesday, June 19, 2007
All indices closed GREEN !!!!
Markets struggled whole day.....due to BBY,Housing & overbought conditions.
Markets ended "healthy" with advancing stocks FIRMLY in the lead on both NYSE & Nasdaq.
Markets have a very good chance to go HIGHER on wed...as we have digested even OE hangover.
My Uranium stock PDN.TO had a good day...outperformed the sector today UP 5.12%....
My Gold stock came alive also as EGO was UP 3.45% .
My purchase of SNDA was also productive as it gave me some GREEN +.79%.
RIMM was down 2.5% from yesterday.....but I added 135% more to my position in todays selloff.......hoping for a rebound/recovery in RIMM with a much larger position.
RIMM traded 719,392 shares LESS than average volume......which means that it was a normal retracement after a HUGE runup....little giveback is always healthy.
STP still DEAD down 1.5% for my portfolio...every solar stock was GREEN except STP down 51 cent....on 941,360 shares LESS than average volume of 2.4 million.....trying to see any positive in this dead stock.
BIDU was the star today with an alltime HIGH close @$154.30 on extra 1.5 million more shares traded than average......
10 year bond yield are down to a much desireable 5.09%...great for stocks going forward.
AAPL is getting some bad press..was down $1.43 in reg close.....down another 60 cents AH.
RVBD closed @ NEW HIGH @ $45.55.
LVS is showing some life UP $1.01 while WYNN was down $1.41 on downgrade.
CMED closed UP $.93 after hitting intraday new 52 wk high of $32.98 on more than 8 times average volume.
Please do your own due diligence.
BLOG does not give buy or sell.
Will post around 9AM wed.
Good luck for wed.
Saleem
Markets ended "healthy" with advancing stocks FIRMLY in the lead on both NYSE & Nasdaq.
Markets have a very good chance to go HIGHER on wed...as we have digested even OE hangover.
My Uranium stock PDN.TO had a good day...outperformed the sector today UP 5.12%....
My Gold stock came alive also as EGO was UP 3.45% .
My purchase of SNDA was also productive as it gave me some GREEN +.79%.
RIMM was down 2.5% from yesterday.....but I added 135% more to my position in todays selloff.......hoping for a rebound/recovery in RIMM with a much larger position.
RIMM traded 719,392 shares LESS than average volume......which means that it was a normal retracement after a HUGE runup....little giveback is always healthy.
STP still DEAD down 1.5% for my portfolio...every solar stock was GREEN except STP down 51 cent....on 941,360 shares LESS than average volume of 2.4 million.....trying to see any positive in this dead stock.
BIDU was the star today with an alltime HIGH close @$154.30 on extra 1.5 million more shares traded than average......
10 year bond yield are down to a much desireable 5.09%...great for stocks going forward.
AAPL is getting some bad press..was down $1.43 in reg close.....down another 60 cents AH.
RVBD closed @ NEW HIGH @ $45.55.
LVS is showing some life UP $1.01 while WYNN was down $1.41 on downgrade.
CMED closed UP $.93 after hitting intraday new 52 wk high of $32.98 on more than 8 times average volume.
Please do your own due diligence.
BLOG does not give buy or sell.
Will post around 9AM wed.
Good luck for wed.
Saleem
Markets almost in GREEN zone $$$$
Markets spend last 3 hours trying to stabilize.
DOW & S&P GREEN..Nasdaq ...almost...not quite yet.
Did lot of trade this AM.....weakness to me is an IDEAL time to rebalance the portfolio with better risk/reward ratio.......
Sold SNDK & NMX booked GAINS.
Bought more RIMM on today's weakness.
Bought SNDA which has gone down to sideways in the last 3 weeks.
Added more EGO the gold story of my life.......
My portfolio looks like this as of NOW :
SNDA,STP,RIMM,UXG,EGO,PDN.TO
NMX there was an analyst report which said NMX is fully valued @ these level....and it was showing weakness this AM...so LOCK the profit strategy.
Strong stocks are @ 12.42 PM includes:
SNDK,CMED,ICE,LVS,FSLR,BIDU.
Lot of RED all over...so no point in listing them.
Good luck on the rest of the day.
Next UPDATE around 7PM.
Do your own due diligence.
BLOG does not give buy or sell.
Saleem
DOW & S&P GREEN..Nasdaq ...almost...not quite yet.
Did lot of trade this AM.....weakness to me is an IDEAL time to rebalance the portfolio with better risk/reward ratio.......
Sold SNDK & NMX booked GAINS.
Bought more RIMM on today's weakness.
Bought SNDA which has gone down to sideways in the last 3 weeks.
Added more EGO the gold story of my life.......
My portfolio looks like this as of NOW :
SNDA,STP,RIMM,UXG,EGO,PDN.TO
NMX there was an analyst report which said NMX is fully valued @ these level....and it was showing weakness this AM...so LOCK the profit strategy.
Strong stocks are @ 12.42 PM includes:
SNDK,CMED,ICE,LVS,FSLR,BIDU.
Lot of RED all over...so no point in listing them.
Good luck on the rest of the day.
Next UPDATE around 7PM.
Do your own due diligence.
BLOG does not give buy or sell.
Saleem
Futures DOWN on BBY er & OUTLOOK......
Futures are down on POOR er by BBY.
BBY guiding lower also.
BBY is a perrenial disappointing company......so I do not put much credence to their ER & guidance.
Housing data as expected is showing continued downtrend in their outlook......housing picture will get worse before it gets better by end of the year.
Markets will try to get its footing as the day moves on......
Markets are showing hangover from its recent RUNUP......needs time to get going again....
Some of the GREEN stocks in pre-market @ 9.15 am are YHOO,BIDU,QCOM,CMED.
Down list will be led by BBY..............
GOLD is down.....
OIL trying to show green...so far....
Will post next update @ 1230PM est.
Good luck on your due diligence.
BLOG does not give buy or sell.
Saleem
BBY guiding lower also.
BBY is a perrenial disappointing company......so I do not put much credence to their ER & guidance.
Housing data as expected is showing continued downtrend in their outlook......housing picture will get worse before it gets better by end of the year.
Markets will try to get its footing as the day moves on......
Markets are showing hangover from its recent RUNUP......needs time to get going again....
Some of the GREEN stocks in pre-market @ 9.15 am are YHOO,BIDU,QCOM,CMED.
Down list will be led by BBY..............
GOLD is down.....
OIL trying to show green...so far....
Will post next update @ 1230PM est.
Good luck on your due diligence.
BLOG does not give buy or sell.
Saleem
Monday, June 18, 2007
Oil & Housing turn markets into mini RED.....
OIL was UP to new recent HIGHS.........
GOLD was UP......................
Housing picture worse in 16 years.......
Bond yield drops to 5.1420%..............
But it is a market of Stocks.....................
Strong Stocks are running away from most "may be later @ better price crowd".
RIMM closed @ new HIGH........
SNDK closed @ another 6 month HIGH....on 2 million more volume...... 2 days in a row.....
AAPL heading to NEW HIGH....
GOOG heading to NEW HIGH.....
CTRP heading to NEW HIGH.....
MA @ NEW HIGH.....
BIDU @ new HIGH.....
All exchange stocks took a breather including.....NMX.......
YHOO changes CEO.....same old gang.....needs NEW & BETTER IDEAS..........
I think there is a picture EMERGING from the above list......even when markets are RED....strong stocks are in their own UNIQUE bull market $$$$$$$
Do not Bargain HUNT.....as they say .....GO with STRONG TAPE.........
Please do your own due diligence.
BLOG does not give buy or sell.
Next update tuesday @ 9AM EST.
Saleem
GOLD was UP......................
Housing picture worse in 16 years.......
Bond yield drops to 5.1420%..............
But it is a market of Stocks.....................
Strong Stocks are running away from most "may be later @ better price crowd".
RIMM closed @ new HIGH........
SNDK closed @ another 6 month HIGH....on 2 million more volume...... 2 days in a row.....
AAPL heading to NEW HIGH....
GOOG heading to NEW HIGH.....
CTRP heading to NEW HIGH.....
MA @ NEW HIGH.....
BIDU @ new HIGH.....
All exchange stocks took a breather including.....NMX.......
YHOO changes CEO.....same old gang.....needs NEW & BETTER IDEAS..........
I think there is a picture EMERGING from the above list......even when markets are RED....strong stocks are in their own UNIQUE bull market $$$$$$$
Do not Bargain HUNT.....as they say .....GO with STRONG TAPE.........
Please do your own due diligence.
BLOG does not give buy or sell.
Next update tuesday @ 9AM EST.
Saleem
Strong Stocks UP in a negative market !!!!!
Markets are in negative due to STRONG turnaround in OIL to recent HIGHS.
GOLD is UP.
Markets are rewarding strong stocks even on a down indices.
CMED is flying HIGH UP $4 on "way better than expected top & bottom line"...CMED is also guiding way HIGHER in top & bottom line....can I say "short SQUEEZE".
Strong stocks are:
GOOG,AAPL,RIMM,CTRP,RVBD,VLO,BIDU,MA,AZO,HOKU.
Weak stocks are:
ICE,NYX,NMX,AKAM,ENCY.
Bought more EGO @ open...expect GOLD to outperform...always like to get in early and @ LOW $$$$.
Good luck on rest of the day......GREEN should be the COLOR for monday CLOSE $$$$.
BLOG does not give buy or sell.
Saleem
GOLD is UP.
Markets are rewarding strong stocks even on a down indices.
CMED is flying HIGH UP $4 on "way better than expected top & bottom line"...CMED is also guiding way HIGHER in top & bottom line....can I say "short SQUEEZE".
Strong stocks are:
GOOG,AAPL,RIMM,CTRP,RVBD,VLO,BIDU,MA,AZO,HOKU.
Weak stocks are:
ICE,NYX,NMX,AKAM,ENCY.
Bought more EGO @ open...expect GOLD to outperform...always like to get in early and @ LOW $$$$.
Good luck on rest of the day......GREEN should be the COLOR for monday CLOSE $$$$.
BLOG does not give buy or sell.
Saleem
Markets all set for another HAPPY day !!!!
Markets are looking to make investors & traders happy.
Futures are pointing UP.
Early movers are AAPL,GOOG,RIMM,CMED,NVDA.
Disaster of the morning is ENCY.....down 50%.
CMED came out with better than expected earnings and guidance is also better than expected.CMED also announced cash dividend of 40 cents.
All is QUIET on NMX takeover........ stock is down $2 in pre-market....should RECOVER by the close and then some...I hope........
GOLD is UP.
OIL is down...so far @ 8.50AM.
Hope you all have recovered from the festivities of father's day.
I will do my next update around 11 AM EST.
BLOG does not give buy or sell.
Saleem
Futures are pointing UP.
Early movers are AAPL,GOOG,RIMM,CMED,NVDA.
Disaster of the morning is ENCY.....down 50%.
CMED came out with better than expected earnings and guidance is also better than expected.CMED also announced cash dividend of 40 cents.
All is QUIET on NMX takeover........ stock is down $2 in pre-market....should RECOVER by the close and then some...I hope........
GOLD is UP.
OIL is down...so far @ 8.50AM.
Hope you all have recovered from the festivities of father's day.
I will do my next update around 11 AM EST.
BLOG does not give buy or sell.
Saleem
Sunday, June 17, 2007
Mother of all commodity...URANIUM
Uranium is the most precious of all commodities from investment point of view.
Uranium is in SEVERE shortage because the demand is substantially HIGHER than supply.
Shortage of Uranium is expected to last another 3 years or longer.
This shortage is happening because most producers are having problems in mining.
CCJ is the biggest...whose cigar lake mines got flooded...causing a delay of 3 years.
Other producers are having production shortfalls because of difficulty in mining & equipment /structural issues.
Uranium is trading @ $138 per lb fron 3 year ago price of $10......
Most mining analyst are predicting price of Uranium around $160 for the end of this year.
Most countries are focussing on Nuclear energy to deal with Global warming & severe shortage of electricity around the world.
China is constructing 30 nuclear power plants and have plans for another 50.
Most asian countries are using nuclear power plant as a current source and banking heavily for future expansion of nuclear energy.
Even IRAN wants to use nuclear to power their future needs.
All in all the future of nuclear is very "GLOWING".
There is a frenzied M& A actvity in this arena which CNBC,CNN & FOX..never reports.
AREVA the French Nuclear GIANT is buying Uranium exploration companies all over the world.
All Uranium producers like SXR,DNN,CCJ& PDN.TO is buying Uranium exploration companies every few months.
I currently own PDN.TO which is an Australian uranium producer which just bought Summitt Uranium mines in Australia...which AREVA wanted to buy..but were outbid by PDN.TO.
I expect PDN.TO to be bought out by somebody...someday.....so I hope.
Please do your own due diligence as I own PDN.TO.
BLOG does not give buy or sell.
Happy fathers day to all.
My next post will be on monday @ 9.00 AM.
Saleem
Uranium is in SEVERE shortage because the demand is substantially HIGHER than supply.
Shortage of Uranium is expected to last another 3 years or longer.
This shortage is happening because most producers are having problems in mining.
CCJ is the biggest...whose cigar lake mines got flooded...causing a delay of 3 years.
Other producers are having production shortfalls because of difficulty in mining & equipment /structural issues.
Uranium is trading @ $138 per lb fron 3 year ago price of $10......
Most mining analyst are predicting price of Uranium around $160 for the end of this year.
Most countries are focussing on Nuclear energy to deal with Global warming & severe shortage of electricity around the world.
China is constructing 30 nuclear power plants and have plans for another 50.
Most asian countries are using nuclear power plant as a current source and banking heavily for future expansion of nuclear energy.
Even IRAN wants to use nuclear to power their future needs.
All in all the future of nuclear is very "GLOWING".
There is a frenzied M& A actvity in this arena which CNBC,CNN & FOX..never reports.
AREVA the French Nuclear GIANT is buying Uranium exploration companies all over the world.
All Uranium producers like SXR,DNN,CCJ& PDN.TO is buying Uranium exploration companies every few months.
I currently own PDN.TO which is an Australian uranium producer which just bought Summitt Uranium mines in Australia...which AREVA wanted to buy..but were outbid by PDN.TO.
I expect PDN.TO to be bought out by somebody...someday.....so I hope.
Please do your own due diligence as I own PDN.TO.
BLOG does not give buy or sell.
Happy fathers day to all.
My next post will be on monday @ 9.00 AM.
Saleem
Gold will GLITTER AGAIN !!!!!
GOLD is going through its usual Up & Down cycle.
GOLD has a major SUPPORT around $640 area.
GOLD should be part of every portfolio.
Gold stocks are divided into several categories.
Senior producers ABX,NEM,GG.
Mid Tier producers KGC,AUY.
Junior producers EGO,GSS.
Exploration Companies UXG,RBY,KRY.
The biggest question when it comes to investing in GOLD is where to INVEST................
I have done extensive trading in gold from ABX to Breac the famous fraud and everything in between.
I position my trades between mid-tier producers to good exploration companies.
Currently I have position in UXG & EGO.....as they offer the biggest bang for the buck.
All gold stocks are coming out of major pullback...so there is a very good chance of making money in all categories listed above.
Gold stocks are also going through M&A as cost are RISING big time.....Labor, fuel,environmental assesment & transportation cost are rising...so it is cheaper to buy existing producers & near producers.
Please do your OWN due diligence as I currently own UXG,EGO.
BLOG does not give buy or sell.
Saleem
GOLD has a major SUPPORT around $640 area.
GOLD should be part of every portfolio.
Gold stocks are divided into several categories.
Senior producers ABX,NEM,GG.
Mid Tier producers KGC,AUY.
Junior producers EGO,GSS.
Exploration Companies UXG,RBY,KRY.
The biggest question when it comes to investing in GOLD is where to INVEST................
I have done extensive trading in gold from ABX to Breac the famous fraud and everything in between.
I position my trades between mid-tier producers to good exploration companies.
Currently I have position in UXG & EGO.....as they offer the biggest bang for the buck.
All gold stocks are coming out of major pullback...so there is a very good chance of making money in all categories listed above.
Gold stocks are also going through M&A as cost are RISING big time.....Labor, fuel,environmental assesment & transportation cost are rising...so it is cheaper to buy existing producers & near producers.
Please do your OWN due diligence as I currently own UXG,EGO.
BLOG does not give buy or sell.
Saleem
SNDK ready to please believers ???
SNDK has been on a major downtrend since Jan 06 when it reached $79.80 on a intraday basis.
This 18 month downtrend was accurately predicted by wall street...as the price for flash,nand & all memories crashed due to oversupply and market share focus.
Now we are on the VERGE of better pricing and shortage going to develop as we move forward.
Let us see what wall street is projecting in terms of numbers for SNDK:
Sales Q2....$789 million
YOY...........+9.7%
EPS Q2.....+15 cents
YOY..........decline from 58 cents
Sales 12/08.....$4.52 Billion
YOY...................+24%
EPS 12/08...........$2.10
YOY..................+46.1%
As the numbers are telling us......we are entering a very strong GROWTH cycle for SNDK.
SNDK being the leader in flash memory which is being widely used in everything from digital camera,mp3 players ,ipod,video pod & now iphone is expected to use all the available supply.
The iphone debut on june 29th and use of Flash drive in laptop is FIRMING UP the prices.
As is always the case we go from oversupply to shortage.......
SNDK has been OVERSOLD and has improved technically also.
SNDK is now trading ABOVE 50,200 dma and above 40week moving averages.
On friday SNDK took out its six months high of $46.30 and closed @ $46.40.
SNDK CMF is GREEN.
SNDK has a very good chance to reach analyst average target of $50.
P&F charts has a target of $64.
So wall street is getting all warmed up for everything FLASH as it uses no battery power.
SNDK also gets substantial revenue from licensing for its patents.
Please do your OWN due diligence as I own SNDK for my portfolio.
BLOG does not give buy or sell.
Saleem
This 18 month downtrend was accurately predicted by wall street...as the price for flash,nand & all memories crashed due to oversupply and market share focus.
Now we are on the VERGE of better pricing and shortage going to develop as we move forward.
Let us see what wall street is projecting in terms of numbers for SNDK:
Sales Q2....$789 million
YOY...........+9.7%
EPS Q2.....+15 cents
YOY..........decline from 58 cents
Sales 12/08.....$4.52 Billion
YOY...................+24%
EPS 12/08...........$2.10
YOY..................+46.1%
As the numbers are telling us......we are entering a very strong GROWTH cycle for SNDK.
SNDK being the leader in flash memory which is being widely used in everything from digital camera,mp3 players ,ipod,video pod & now iphone is expected to use all the available supply.
The iphone debut on june 29th and use of Flash drive in laptop is FIRMING UP the prices.
As is always the case we go from oversupply to shortage.......
SNDK has been OVERSOLD and has improved technically also.
SNDK is now trading ABOVE 50,200 dma and above 40week moving averages.
On friday SNDK took out its six months high of $46.30 and closed @ $46.40.
SNDK CMF is GREEN.
SNDK has a very good chance to reach analyst average target of $50.
P&F charts has a target of $64.
So wall street is getting all warmed up for everything FLASH as it uses no battery power.
SNDK also gets substantial revenue from licensing for its patents.
Please do your OWN due diligence as I own SNDK for my portfolio.
BLOG does not give buy or sell.
Saleem
Saturday, June 16, 2007
Momentum Stocks for this BULL market !!!!!!
The following stocks are showing momentum.Please use close stops as these stocks can shed several dollars in a hurry on events,rumours or manipulation.
RIMM,SWIR,SXCI,SAM,YZC,NVDA,MA,MDR,JEC,
AMZN,GME,FLIR.
Please do your own due diligence & stay diversified.
BLOG does not give buy or sell.
I will be doing fundamental analysis on my portfolio on sunday post by 10 AM.
Saleem
RIMM,SWIR,SXCI,SAM,YZC,NVDA,MA,MDR,JEC,
AMZN,GME,FLIR.
Please do your own due diligence & stay diversified.
BLOG does not give buy or sell.
I will be doing fundamental analysis on my portfolio on sunday post by 10 AM.
Saleem
Technically STRONG stocks for this BULL market !!!!
These stocks are showing strength based on various technical formations.Please do FA on these stocks also.Technicians cannot predict events which may affect stock prices.
NYSE
UIS,GG,WIN,IFX,NLC,NXG,FUL,AVT,UPS,NWS,USO,TJX,CBG,NOC,
PHG,SAY,BSX,EK,AGU,CIB,AHM,MFB,AOI,LXK.
Nasdaq
CSCO,MSCC,COGN,SSTI,SUSQ,KNDL,NVAX,ANGO,SBGI,SUNW,
KLIC,FORM,CHRW,EICU,IGTE,CTCM,SPIL,CPHD,LMRA,POZN,
CMOS,DIOD,AVII.
TSX (Toronto Stock Exchange)
QUA,HBM,TVC,FCC,FVI,XMA,MFL,CLG,VGZ,CDM,CLL,NGX,FR,
GUY,ASV,AGU,AVM,DAX.
Please do your own due diligence & STAY diversified.
BLOG does not give buy or sell.
Saleem
NYSE
UIS,GG,WIN,IFX,NLC,NXG,FUL,AVT,UPS,NWS,USO,TJX,CBG,NOC,
PHG,SAY,BSX,EK,AGU,CIB,AHM,MFB,AOI,LXK.
Nasdaq
CSCO,MSCC,COGN,SSTI,SUSQ,KNDL,NVAX,ANGO,SBGI,SUNW,
KLIC,FORM,CHRW,EICU,IGTE,CTCM,SPIL,CPHD,LMRA,POZN,
CMOS,DIOD,AVII.
TSX (Toronto Stock Exchange)
QUA,HBM,TVC,FCC,FVI,XMA,MFL,CLG,VGZ,CDM,CLL,NGX,FR,
GUY,ASV,AGU,AVM,DAX.
Please do your own due diligence & STAY diversified.
BLOG does not give buy or sell.
Saleem
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