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
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