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
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