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
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