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