As expected markets took off @ open.
No need to buy any EXPENSIVE insurance...let Pete Najarian do that and let him short this market to his hearts desire.
As long as you are well DIVERSIFIED in different sectors...you should be able to come out OK after each quick correction.
Timing this market is very difficult...if not impossible.
Technology has very strong tape...after INTC upgrade.
SNDK got positive initiation from Raymond James with Market Perform rating...UP 54 cents so far.....
NMX UP $4+ on almost TRIPLE the volume in first 100 minutes.
NVDA flying to new all time HIGH .
After 90 minutes the following stocks are strong:
NMX,NVDA,INTC,AAPL,ICE,GOOG,RVBD,LVS,GRMN,FSLR,BIDU,MA.
My wish stocks UXG ,PDN.TO & EGO are all moving so far.
Bought more PDN.TO @ open to bring my cost substantially LOWER on a very large position.
Good luck to all for rest of the day.
BLOG does not give buy or sell.
Next update @ 6PM.
Saleem
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