Today's complete market SLUMP can be attributed to AHM collapse & comments by Fed official saying mid-day that...Fed will not intervene to solve sub-prime woes......
The sad part was that NOBODY expected fed to do anything about sub-prime....the comment gave the impression as if fed was going to do something about it and now...has changed its mind .....
With all of the above...markets went from "oversold to WASHED -OUT"......
So we start all over again on wed...hoping nobody from Fed will say something which will tank the markets AGAIN......
AH SIRF is down $2 on lower rev......
FSLR down $16 on below whisper numbers.....
NVT is flying HIGH Up $4...on good ER......
AAPL tanked on rumour of less iphone being built...from 9 million to 4.5 million units...denied AH.....tanked almost $10.......
SNDK went down almost $3 on the same AAPL rumour as it will ease supply issue of FLASH Memory.........
My portfolio went down 2.17%......
Markets "remain JITTERY"....
Good luck for wed...GRMN reports before open.....it will be a very good report....
BLOG does not give buy or sell.
Saleem
Tuesday, July 31, 2007
Sellers trying to overwhelm the Markets ?????
Markets opened on a strong note as expected......
Lot of "nervous traders tried to get out... either for locking gains or meeting margin calls"...
Sellers or shorts have done their "bit"...now it is for BULLS to grab this market and run it HIGHER......
Nasdaq went into "red..but it fought its way back to plus 5 area NOW"
Weakness in AAPL ...spooked the markets...plus Jim Cramer's call from NYSE to "sell all financials...did the damage"
It is a "nervous market"...so any negative call on CNBC will get a REACTION.....
I firmly believe that..... BULL is alive & WELL...and I am positioned to take advantage of any "weakness"......
The only advice ...I will give is...not to be OVEREXPOSED.....in wall street language...keep some FIREPOWER handy to take advantage of any 30 minute weakness .......
In my portfolio :
SNDA is the strongest so far UP 92 cents...it did fly above 50DMA....
STP is UP 43 cents...showing some LIFE & STRENGTH......reports next week.....
SNDK is the weakest down $2+...
RIMM UP 58 cents....
UXG flat......
@ 11.27 the following stocks are GREEN:
CMED,MR,GOOG,FMCN,DELL,MPEL,IGT,CTRP,LVS,NMX,GRMN(new HIGH),
SOHU,NCTY,NVDA,LRCX,MA,HPQ.
Good luck on this "confirmed back to back UP day"
BLOG does not give buy or sell.
Saleem
Lot of "nervous traders tried to get out... either for locking gains or meeting margin calls"...
Sellers or shorts have done their "bit"...now it is for BULLS to grab this market and run it HIGHER......
Nasdaq went into "red..but it fought its way back to plus 5 area NOW"
Weakness in AAPL ...spooked the markets...plus Jim Cramer's call from NYSE to "sell all financials...did the damage"
It is a "nervous market"...so any negative call on CNBC will get a REACTION.....
I firmly believe that..... BULL is alive & WELL...and I am positioned to take advantage of any "weakness"......
The only advice ...I will give is...not to be OVEREXPOSED.....in wall street language...keep some FIREPOWER handy to take advantage of any 30 minute weakness .......
In my portfolio :
SNDA is the strongest so far UP 92 cents...it did fly above 50DMA....
STP is UP 43 cents...showing some LIFE & STRENGTH......reports next week.....
SNDK is the weakest down $2+...
RIMM UP 58 cents....
UXG flat......
@ 11.27 the following stocks are GREEN:
CMED,MR,GOOG,FMCN,DELL,MPEL,IGT,CTRP,LVS,NMX,GRMN(new HIGH),
SOHU,NCTY,NVDA,LRCX,MA,HPQ.
Good luck on this "confirmed back to back UP day"
BLOG does not give buy or sell.
Saleem
Monday, July 30, 2007
Markets bounce back from "oversold conditions"
Markets were all in "green @ close".......
Markets were "deeply OVERSOLD"...so a technical bounce was in order........
Markets were UP from .70% to 1%...S&P was the strongest ....as was evident whole day.....
Advancers led decliners by 900 on NYSE & 300 on Nasdaq......
Tuesday is month end...which should entail a "much stronger TAPE"
AH DXPE is down 8.....on lower than expected ER.......
SUNW had good ER......
My portfolio was all "green"...nice rebound from 2 days of selloff.....
RIMM was the star performer UP $4.44.......
SNDK was strong UP $1.73.......
SNDA UP 70 cents......
STP UP 41 cents.....
UXG was UP 24 cents ...that is UP 4.2%....
Overall portfolio was UP 2.64%........
MA was UP $10.56......
FSLR was UP $9.59 to new all time HIGH ......
BIDU has "resumed its march UP"....+$4.46...
Good luck for tuesday.........
BLOG does not give buy or sell.
Saleem
Markets were "deeply OVERSOLD"...so a technical bounce was in order........
Markets were UP from .70% to 1%...S&P was the strongest ....as was evident whole day.....
Advancers led decliners by 900 on NYSE & 300 on Nasdaq......
Tuesday is month end...which should entail a "much stronger TAPE"
AH DXPE is down 8.....on lower than expected ER.......
SUNW had good ER......
My portfolio was all "green"...nice rebound from 2 days of selloff.....
RIMM was the star performer UP $4.44.......
SNDK was strong UP $1.73.......
SNDA UP 70 cents......
STP UP 41 cents.....
UXG was UP 24 cents ...that is UP 4.2%....
Overall portfolio was UP 2.64%........
MA was UP $10.56......
FSLR was UP $9.59 to new all time HIGH ......
BIDU has "resumed its march UP"....+$4.46...
Good luck for tuesday.........
BLOG does not give buy or sell.
Saleem
Markets trying hard to go GREEN........no CIGAR yet !!!
Markets are in a zig zag pattern in the first 90 minutes......
S&P is the strongest so far........
Nasdaq weakest......
RIMM is showing "renewed strength" UP $3++.......
UXG is UP as gold is higher today......
STP,SNDK,SNDA just went RED......
Other strong stocks @ 11.11 AM are:
GOOG,BRCM,MPEL,SIRF(reporting tue AH),ICE,TZOO,
GRMN,NMR,BIDU,WFR,MA,NVDA,LRCX,GLW,CIEN,NVTL.
Markets have a "very good chance of closing GREEN"
Disaster of the day is VCLK down $5+++ on lower ER & Guidance.
AAPL is taking a well deserved "rest"......
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
S&P is the strongest so far........
Nasdaq weakest......
RIMM is showing "renewed strength" UP $3++.......
UXG is UP as gold is higher today......
STP,SNDK,SNDA just went RED......
Other strong stocks @ 11.11 AM are:
GOOG,BRCM,MPEL,SIRF(reporting tue AH),ICE,TZOO,
GRMN,NMR,BIDU,WFR,MA,NVDA,LRCX,GLW,CIEN,NVTL.
Markets have a "very good chance of closing GREEN"
Disaster of the day is VCLK down $5+++ on lower ER & Guidance.
AAPL is taking a well deserved "rest"......
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Saturday, July 28, 2007
Technically Strong stocks for this SLUMPING market.....
The following is a small list of technically strong stocks......this market has inflicted serious technical damage to most stocks...so very few can be called technically strong....Please do FA on these stocks as technicians cannot predict future market driven events...which may affect stock prices.
NYSE
SDS,WCN,EWM.
Nasdaq
LNCE,RESP,MANH,SUPX,VOCS,ZOLL,SEAB,FRNT,TIVO,
HSOA,TUES,
TSX (Toronto Stock Exchange)
TNX,SJ.
The BEARISH list is too long & Depressing...so I will spare everyone with this anguish of spotting their stock in that list.......
We all should try to FOCUS on strong stocks with good FA and who are still in an UPTREND technically speaking.....anything which is above 50 & 200 DMA qualifies as "strong stock in this market".....
Good luck on your due diligence & MAINTAINING your own comfort level.
Markets will try to CLAW back from this technical hemorrhage.....and hopefully your stocks will participate......
In the meantime spend your time in quality research.......
Do not forget to take profit as it comes.....
Sometimes....managing your RISK is more important than staying OVEREXPOSED ......
Good luck next week......We are overdue for a strong technical rebound from extreme OVERSOLD conditions........
Next post monday around 11 AM......
BLOG does not give buy or sell.
Saleem
NYSE
SDS,WCN,EWM.
Nasdaq
LNCE,RESP,MANH,SUPX,VOCS,ZOLL,SEAB,FRNT,TIVO,
HSOA,TUES,
TSX (Toronto Stock Exchange)
TNX,SJ.
The BEARISH list is too long & Depressing...so I will spare everyone with this anguish of spotting their stock in that list.......
We all should try to FOCUS on strong stocks with good FA and who are still in an UPTREND technically speaking.....anything which is above 50 & 200 DMA qualifies as "strong stock in this market".....
Good luck on your due diligence & MAINTAINING your own comfort level.
Markets will try to CLAW back from this technical hemorrhage.....and hopefully your stocks will participate......
In the meantime spend your time in quality research.......
Do not forget to take profit as it comes.....
Sometimes....managing your RISK is more important than staying OVEREXPOSED ......
Good luck next week......We are overdue for a strong technical rebound from extreme OVERSOLD conditions........
Next post monday around 11 AM......
BLOG does not give buy or sell.
Saleem
Friday, July 27, 2007
Markets WORSE close is behind US ?????
Markets are DISCOUNTING more than what is @ play......WHY.....
Because..... as once a famous President Said....because I could !!!!
Markets were totally in the hand of manipulators in the last 15 minutes...Mini S&P futures were USED to drive the markets in a tailspin @ close...to inject FEAR.........
I personally believe that we have seen the LOW CLOSE today.......
Credit issue "card has been OVERPLAYED".......
10 yr Bond has adjusted to all the "drumroll about private equity troubles"
Financials,housing,low end retail are the troubled areas......
TECHS are not affected @ all...as all TECH companies are "loaded with CASH"
TECHS are in "boom cycle"
Yes....on monday an attempt will be made to take the markets further LOWER...but by closing we should find solid buyers to prop the market UP...so I think.....
I sold FDRY today as it was not benefitting as much ...because of market conditions....booked 88 cents gain.
Overall my portfolio lost 2.4%.....why do I disclose this......because either you can see the "benefit of my strategy.....or you can see that you are doing better than me....another way to promote healthy comparison "......
My portfolio is:
RIMM,SNDK,STP,SNDA & UXG......
ICE,WYNN,GOOG,LVS,NMX,NYX,FSLR,TSLSNE,HOKU,XING & NMR bucked the downdraft.
Saturday by 10AM ..I will be posting list of technically strong stocks.
Please do your OWN due diligence & find your own comfort level in this credit crazy selloff.
BLOG does not give buy or sell.
Saleem
Because..... as once a famous President Said....because I could !!!!
Markets were totally in the hand of manipulators in the last 15 minutes...Mini S&P futures were USED to drive the markets in a tailspin @ close...to inject FEAR.........
I personally believe that we have seen the LOW CLOSE today.......
Credit issue "card has been OVERPLAYED".......
10 yr Bond has adjusted to all the "drumroll about private equity troubles"
Financials,housing,low end retail are the troubled areas......
TECHS are not affected @ all...as all TECH companies are "loaded with CASH"
TECHS are in "boom cycle"
Yes....on monday an attempt will be made to take the markets further LOWER...but by closing we should find solid buyers to prop the market UP...so I think.....
I sold FDRY today as it was not benefitting as much ...because of market conditions....booked 88 cents gain.
Overall my portfolio lost 2.4%.....why do I disclose this......because either you can see the "benefit of my strategy.....or you can see that you are doing better than me....another way to promote healthy comparison "......
My portfolio is:
RIMM,SNDK,STP,SNDA & UXG......
ICE,WYNN,GOOG,LVS,NMX,NYX,FSLR,TSLSNE,HOKU,XING & NMR bucked the downdraft.
Saturday by 10AM ..I will be posting list of technically strong stocks.
Please do your OWN due diligence & find your own comfort level in this credit crazy selloff.
BLOG does not give buy or sell.
Saleem
Markets RETESTING SUPPORT........
I am hoping that today markets will COMPLETE its RETEST of support.
This scenario will give us a BETTER close.
FDRY was upgraded by TWO analyst and the tape is very impressive considering weak markets......
NTGR tumbled $9 on bad ER.
RVBD tumbled $2.85 on weak guidance.
My portfolio is weak except FDRY which is UP $1.02 @ 11.15 AM.....
Some of the strong stocks are:
AAPL,ICE,BRCM,WYNN,NMX,NYX,GRMN,FSLR,SNE,XING,NMR,
NVDA.
Good luck on this RETEST.....
BLOG does not give buy or sell.
Saleem
This scenario will give us a BETTER close.
FDRY was upgraded by TWO analyst and the tape is very impressive considering weak markets......
NTGR tumbled $9 on bad ER.
RVBD tumbled $2.85 on weak guidance.
My portfolio is weak except FDRY which is UP $1.02 @ 11.15 AM.....
Some of the strong stocks are:
AAPL,ICE,BRCM,WYNN,NMX,NYX,GRMN,FSLR,SNE,XING,NMR,
NVDA.
Good luck on this RETEST.....
BLOG does not give buy or sell.
Saleem
Thursday, July 26, 2007
Markets tried to regain its footing @ close......
As often the case.....markets went down FURTHER than most traders were READY for about 450 on Dow & 80 on nasdaq........
Nasdaq recovered more than Dow @ close....which is a telltale of where the strength lies.....it is in TECHS......
Markets went from EUPHORIA to FEAR today......which means that either we have seen the LOW or are very NEAR LOW.....
We generally have a RETEST of the LOW and sometimes we go BELOW.....then we make a SOLID BOTTOM........
FDRY Q2 earning was better than expected beat by 1 cent and Revenue were higher by $4.41 million vs consensus.......which is very good ......going forward......
FDRY also announced $200 million Stock buyback.........
FDRY has $920.9 million Cash on hand......which is a HUGE amount......
I expect analyst to increase their estimates and UPGRADE the stock on friday......
FDRY was UP further 50 cents AH...FDRY did close 4 Cents GREEN in reg trading......
My portfolio behaved much BETTER than markets.......down .88% vs nasdaq being down 1.84%.......I must thank my lucky star*******
AH NTGR was the disaster down $5++.....while CROX was the superstar UP $9......
Good luck on your strategy........
BLOG does not give buy or sell.
Saleem
Nasdaq recovered more than Dow @ close....which is a telltale of where the strength lies.....it is in TECHS......
Markets went from EUPHORIA to FEAR today......which means that either we have seen the LOW or are very NEAR LOW.....
We generally have a RETEST of the LOW and sometimes we go BELOW.....then we make a SOLID BOTTOM........
FDRY Q2 earning was better than expected beat by 1 cent and Revenue were higher by $4.41 million vs consensus.......which is very good ......going forward......
FDRY also announced $200 million Stock buyback.........
FDRY has $920.9 million Cash on hand......which is a HUGE amount......
I expect analyst to increase their estimates and UPGRADE the stock on friday......
FDRY was UP further 50 cents AH...FDRY did close 4 Cents GREEN in reg trading......
My portfolio behaved much BETTER than markets.......down .88% vs nasdaq being down 1.84%.......I must thank my lucky star*******
AH NTGR was the disaster down $5++.....while CROX was the superstar UP $9......
Good luck on your strategy........
BLOG does not give buy or sell.
Saleem
Credit WORRY tanks FUTURE..what to conclude ???
Futures are in tailspin across the board @ 9.04 AM....
Credit worries have taken over wall street.......
As long as you are NOT in housing,retail & financial stocks.....you CAN take a long term approach & actually do some BUYING in strong TECH stocks......a real CONTRARIAN approach to investing......
But if your time horizon is next 10 minutes of trades.....then it does not matter in the best of markets......
I am staying PUT with all of my position...as I personally believe that strong TECH stocks will outperform everything in the next 6 months.....so NO need to JUMP out...... just because of markets IRRATIONAL approach across the board......for few days....so i think !!!
Did you notice that SNDK is actually GREEN in pre-market....because of strong position in FLASH MEMORY...which AAPL told everyone in their CC that it is going to cost them MORE in Flash Memory.....they are HUGE user of FLASH.......
FDRY reports AH..expecting a BEAT & good guidance......a little patience & conviction goes a long way in investing......
Markets are getting "deeply OVERSOLD"...so it will pay to be in the market than OUT.....my approach......
Good luck on today's selloff...expecting a "better close than open"...
Please do your OWN due diligence & find your OWN comfort level with this YOYO sub-prime driven markets.
BLOG does not give buy or sell.
Saleem
Credit worries have taken over wall street.......
As long as you are NOT in housing,retail & financial stocks.....you CAN take a long term approach & actually do some BUYING in strong TECH stocks......a real CONTRARIAN approach to investing......
But if your time horizon is next 10 minutes of trades.....then it does not matter in the best of markets......
I am staying PUT with all of my position...as I personally believe that strong TECH stocks will outperform everything in the next 6 months.....so NO need to JUMP out...... just because of markets IRRATIONAL approach across the board......for few days....so i think !!!
Did you notice that SNDK is actually GREEN in pre-market....because of strong position in FLASH MEMORY...which AAPL told everyone in their CC that it is going to cost them MORE in Flash Memory.....they are HUGE user of FLASH.......
FDRY reports AH..expecting a BEAT & good guidance......a little patience & conviction goes a long way in investing......
Markets are getting "deeply OVERSOLD"...so it will pay to be in the market than OUT.....my approach......
Good luck on today's selloff...expecting a "better close than open"...
Please do your OWN due diligence & find your OWN comfort level with this YOYO sub-prime driven markets.
BLOG does not give buy or sell.
Saleem
Wednesday, July 25, 2007
Markets were trending HIGHER @ close..Good Sign $$$$
Markets were trending Strong @ close......inspite of Credit CRUNCH !!!!!
BIDU had a "blow out Q and strong sales guidance of 100%+++"
AAPL had a blowout Q and is guiding LOWER...due to margin pressure....
AAPL margin pressure is coming from the "firming pricing of Nand...which is FLASH Memory used by AAPL in everything of consumer interest...Ipod,Mp3 player,iphone.......
AAPL consumes 25% of Nand supply.........
SNDK is a "direct beneficiary of firming Nand Pricing"..UP almost $1 AH......
RIMM moved UP $4.36 in reg hour...is further UP in AH as I write @ 7.04 PM....
SNDK was UP 68 Cents in reg hr......
STP GREEN....what a relief...was down $ intraday....
SNDA closed down 25 cents after being down $1.09 intraday.....is further UP AH...thanks to BIDU.....
UXG down 9 cents as Gold took a tumble.
FDRY down 17 cents while JNPR ran UP $1.55 to $31.55 further UP in AH.....
FDRY should be GREEN on Th going into earning AH....has $15 to catch UP after earnings & higher guidance... I hope....as we go along.....
Markets should be very Strong as far as TECHS are concerned......
TECHS are experiencing "multiple expansion".....which is a great thing !!!!
AAPL iphone sales guidance is HALF of Steve Jobs Boasting number of 8 million units to be sold......they are guiding a measly 1 million iphone in 90 days......Some analyst were TOUTING 500,000 units in 30 hours of ihoopla with imaginary lineups....they sold only 146,000...a miss of ONLY 354,000 units.....when imarketing was in full force......
RIMM should benefit as they told analyst that iphone "will not affect their business"........
Cramer GLW "tanked post earnings...he was touting that... this is the only stock to buy before earnings".
Pete Najarian had a SELL & Dont buy BIDU yesterday...UP a measly $40+++
These two characters are not only "trend followers after it is FIRMLY established ....but RUN too early......Cramer famous SELL on AAPL.....UP $14 AH......NOW making a call to SELL AMZN ...another mistake......STAY with STRONG TRENDS $$$$$$
Good luck on next 2 days...for TECHS $$$$$$
BLOG does not give buy or sell.
Saleem
BIDU had a "blow out Q and strong sales guidance of 100%+++"
AAPL had a blowout Q and is guiding LOWER...due to margin pressure....
AAPL margin pressure is coming from the "firming pricing of Nand...which is FLASH Memory used by AAPL in everything of consumer interest...Ipod,Mp3 player,iphone.......
AAPL consumes 25% of Nand supply.........
SNDK is a "direct beneficiary of firming Nand Pricing"..UP almost $1 AH......
RIMM moved UP $4.36 in reg hour...is further UP in AH as I write @ 7.04 PM....
SNDK was UP 68 Cents in reg hr......
STP GREEN....what a relief...was down $ intraday....
SNDA closed down 25 cents after being down $1.09 intraday.....is further UP AH...thanks to BIDU.....
UXG down 9 cents as Gold took a tumble.
FDRY down 17 cents while JNPR ran UP $1.55 to $31.55 further UP in AH.....
FDRY should be GREEN on Th going into earning AH....has $15 to catch UP after earnings & higher guidance... I hope....as we go along.....
Markets should be very Strong as far as TECHS are concerned......
TECHS are experiencing "multiple expansion".....which is a great thing !!!!
AAPL iphone sales guidance is HALF of Steve Jobs Boasting number of 8 million units to be sold......they are guiding a measly 1 million iphone in 90 days......Some analyst were TOUTING 500,000 units in 30 hours of ihoopla with imaginary lineups....they sold only 146,000...a miss of ONLY 354,000 units.....when imarketing was in full force......
RIMM should benefit as they told analyst that iphone "will not affect their business"........
Cramer GLW "tanked post earnings...he was touting that... this is the only stock to buy before earnings".
Pete Najarian had a SELL & Dont buy BIDU yesterday...UP a measly $40+++
These two characters are not only "trend followers after it is FIRMLY established ....but RUN too early......Cramer famous SELL on AAPL.....UP $14 AH......NOW making a call to SELL AMZN ...another mistake......STAY with STRONG TRENDS $$$$$$
Good luck on next 2 days...for TECHS $$$$$$
BLOG does not give buy or sell.
Saleem
Markets doing RETEST of SUPPORT & patience of BULLS !!!!
Markets are going through its ROUTINE TEST & RETEST of support.......
Conviction in your stocks is MORE important than direction of market......
As I always say...markets will go UP & will go DOWN on their own schedule...not when CNBC/Fast Money/Bears /commentators predict......@ best they all are rehashing YESTERDAY'S TAPE....which is history.......
Always plan for next day's "stock moves...not market moves"......
Pay attention to GREEN stocks...they are staring @ you.....and trying tell you future strength.....
RIMM as usual showing strength.....UP $2.20.....
SNDK UP 65 cents....the future RIMM type of stock.....
STP down 40 cents
SNDA down 45 cents
FDRY down 20 cents.......reports thursday AH....expecting big RUNUP...as long Fast Money & Cramer do not follow....they will talk after 10% JUMP....typical trend followers.....
UXG down 15 cents
Strong stocks @ 11.42 AM.......
AMZN,AAPL,JNPR,NT,DELL,AMAT,TZOO,WYNN,MTU,LVS,GRMN,
FSLR,NMR,SNE,BIDU,NT,DELL,AMAT,NVTL......
Good luck on another CONFUSING day !!!!!
BLOG does not give buy or sell....
Saleem
Conviction in your stocks is MORE important than direction of market......
As I always say...markets will go UP & will go DOWN on their own schedule...not when CNBC/Fast Money/Bears /commentators predict......@ best they all are rehashing YESTERDAY'S TAPE....which is history.......
Always plan for next day's "stock moves...not market moves"......
Pay attention to GREEN stocks...they are staring @ you.....and trying tell you future strength.....
RIMM as usual showing strength.....UP $2.20.....
SNDK UP 65 cents....the future RIMM type of stock.....
STP down 40 cents
SNDA down 45 cents
FDRY down 20 cents.......reports thursday AH....expecting big RUNUP...as long Fast Money & Cramer do not follow....they will talk after 10% JUMP....typical trend followers.....
UXG down 15 cents
Strong stocks @ 11.42 AM.......
AMZN,AAPL,JNPR,NT,DELL,AMAT,TZOO,WYNN,MTU,LVS,GRMN,
FSLR,NMR,SNE,BIDU,NT,DELL,AMAT,NVTL......
Good luck on another CONFUSING day !!!!!
BLOG does not give buy or sell....
Saleem
Markets rebounding from extreme OVERSOLD conditions today $$$$
Futures are indicating a very strong comeback from oversold conditions.
All the strong tech stocks are bouncing back....led by AMZN,RIMM,AAPL,LRCX,GOOG,SNDK to name a few.
FDRY reports AH thursday.......
FDRY is in networking space and is the "most undervalued stock in that space"
FDRY & JNPR were only $1 apart in April ...now the gap has widened to $14......
So let us do a FA and see why FDRY is a compelling buy "before earning"
Sales Q2 $138.79 million
YOY.............+28%
Sales Q3 $144.05 million
YOY...........+21.3%
Seq Q/Q +$5.26 million
Seq Q/Q +3.79%
EPS Q2 15 cents
YOY....+36.3%
EPS Q3 16 cents
YOY.....+14.2%
Seq Q/Q +6.6%
EPS FY 07 63 Cents
YOY.....+21.1%
EPS FY 08 76 Cents
YOY......+20.6%
FDRY PE 08 21.8
JNPR PE 08 28.25
Based on the above comparison there is a "chance of FDRY catching UP to JNPR by going UP almost 30%"
Also note that JNPR numbers have been upgraded for 08 as they have already reported last week.......
I am almost certain that analyst will raise estimates for 07 & 08 for FDRY on friday.....
JNPR numbers for 08 was revised UP by 5.9% after ER.....
So FDRY has lot of catching UP to do.......
Good luck on today's positive tone.
BLOG does not give buy or sell.
Saleem
All the strong tech stocks are bouncing back....led by AMZN,RIMM,AAPL,LRCX,GOOG,SNDK to name a few.
FDRY reports AH thursday.......
FDRY is in networking space and is the "most undervalued stock in that space"
FDRY & JNPR were only $1 apart in April ...now the gap has widened to $14......
So let us do a FA and see why FDRY is a compelling buy "before earning"
Sales Q2 $138.79 million
YOY.............+28%
Sales Q3 $144.05 million
YOY...........+21.3%
Seq Q/Q +$5.26 million
Seq Q/Q +3.79%
EPS Q2 15 cents
YOY....+36.3%
EPS Q3 16 cents
YOY.....+14.2%
Seq Q/Q +6.6%
EPS FY 07 63 Cents
YOY.....+21.1%
EPS FY 08 76 Cents
YOY......+20.6%
FDRY PE 08 21.8
JNPR PE 08 28.25
Based on the above comparison there is a "chance of FDRY catching UP to JNPR by going UP almost 30%"
Also note that JNPR numbers have been upgraded for 08 as they have already reported last week.......
I am almost certain that analyst will raise estimates for 07 & 08 for FDRY on friday.....
JNPR numbers for 08 was revised UP by 5.9% after ER.....
So FDRY has lot of catching UP to do.......
Good luck on today's positive tone.
BLOG does not give buy or sell.
Saleem
Tuesday, July 24, 2007
Market took it on CHIN...why ?????
So markets were DOWN about 2% to 3% on different indices......
Broader market like yesterday were the telltale of the weakness...two days in a row.....
Decliners led advancers by 9 to 1 on NYSE & 5 to 1 on nasdaq........
So.......what caused this ROUT.........
Countrywide comments that home equity loans are in "trouble"...caught everybody by "shocking surprise"...and you all know that Wall Street "hates surprise"...so SELL first then think later was the strategy......
We all know that home equity loans are given to best credit-worthy customers.....and if they are in "crunch".....there is going to be continued weakness for :
Housing
Financial group
Retail
This scenario was "known to wall street"...but in sub-prime context......nothing more..NOW the housing will not show any recovery till 2009.........that is "new news".......
So what is the game plan.....the game plan is based on the following premise :
There is no worldwide slowdown.......
Technology is entering its busiest 2 Quarters......
US is facing slowdown in housing & financial area ONLY.......
Chinese economy is accelerating in 11%+++
India & Asia is booming ........
I am expecting a GREEN close on thursday......
AAPL needs time to gather strength...it is a BUY on weakness......$120 area is support.....
AMZN lit UP the AH ...Fast Money said SELL AMZN & SHORT AMZN.....so it is UP only $10....to new HIGH......
NTRI is the disaster in AH down $14.......
RIMM was down $8.73 ...has improved $2 AH...first real pullback from its recent RUNUP to High of $235...last trade $223.....
SNDK behaved "outstanding by staying GREEN in this crappy market.....telltale of good things to come"......
UXG stayed GREEN.......
STP,SNDA & FDRY were down ......
FDRY reports earnings AH on thursday......will do a FA on wed.......
GOOG behaved well and staying above $511 support area.......closed $514...UP $2 AH also.....
ICE ,NMX,NYX ,NDAQ heading to support area.....
MSO close @ new 52 week LOW......"not a good thing"......
All solar stocks like STP,FSLR & TSL...took a major "U turn today on the downside"
Other than that everything was perfect.......just a joke ......needed one for sure .....
Please do your own due diligence in a DIVERSIFIED TECH mode.
BLOG does not give buy or sell.
Saleem
Broader market like yesterday were the telltale of the weakness...two days in a row.....
Decliners led advancers by 9 to 1 on NYSE & 5 to 1 on nasdaq........
So.......what caused this ROUT.........
Countrywide comments that home equity loans are in "trouble"...caught everybody by "shocking surprise"...and you all know that Wall Street "hates surprise"...so SELL first then think later was the strategy......
We all know that home equity loans are given to best credit-worthy customers.....and if they are in "crunch".....there is going to be continued weakness for :
Housing
Financial group
Retail
This scenario was "known to wall street"...but in sub-prime context......nothing more..NOW the housing will not show any recovery till 2009.........that is "new news".......
So what is the game plan.....the game plan is based on the following premise :
There is no worldwide slowdown.......
Technology is entering its busiest 2 Quarters......
US is facing slowdown in housing & financial area ONLY.......
Chinese economy is accelerating in 11%+++
India & Asia is booming ........
I am expecting a GREEN close on thursday......
AAPL needs time to gather strength...it is a BUY on weakness......$120 area is support.....
AMZN lit UP the AH ...Fast Money said SELL AMZN & SHORT AMZN.....so it is UP only $10....to new HIGH......
NTRI is the disaster in AH down $14.......
RIMM was down $8.73 ...has improved $2 AH...first real pullback from its recent RUNUP to High of $235...last trade $223.....
SNDK behaved "outstanding by staying GREEN in this crappy market.....telltale of good things to come"......
UXG stayed GREEN.......
STP,SNDA & FDRY were down ......
FDRY reports earnings AH on thursday......will do a FA on wed.......
GOOG behaved well and staying above $511 support area.......closed $514...UP $2 AH also.....
ICE ,NMX,NYX ,NDAQ heading to support area.....
MSO close @ new 52 week LOW......"not a good thing"......
All solar stocks like STP,FSLR & TSL...took a major "U turn today on the downside"
Other than that everything was perfect.......just a joke ......needed one for sure .....
Please do your own due diligence in a DIVERSIFIED TECH mode.
BLOG does not give buy or sell.
Saleem
Sharp ,Swift & Fast CORRECTION is NORM !!!!!!
Markets will remain volatile as it works its way UP to HIGHER levels.......
Most corrections are great opportunity to REFOCUS on what will WORK as we go forward.....
Different stocks are EMERGING as the stocks to go to.......
It is a good IDEA to FORGET yesterday's winners......there is not much JUICE left on those.....
Markets are trying to come back...INSPITE of all the "percieved PROBLEMS"....
RIMM is down $4+......is among the strongest stocks going forward......so a slight giveback is never an issue...I am sitting on a $66/per share gain as of last bid.......
SNDK is UP $1.....which is another RIMM type of stock for 2007/2008........
STP,SNDA,UXG are all green.....
FDRY is down 35 cents.....
CMED is emerging as another stock to go to......
Among the stock which are bucking the trend @ 11.14 AM are:
GOOG,AMAT,GRMN,FSLR,SNE,BIDU,EBAY,WFR.....
AAPL is down $3+++ on poor activation of iphone ...LOWER than than the LOWEST number on the street.....so much for ihype........RIMM rules $$$$$
Markets will go UP or DOWN...Strong stocks will make you money...if you HOLD with CONVICTION......that is why I gave my points GAIN for RIMM as of recent bid today !!!!!
Good luck on your REVISIT to your portfolio with a diversified FOCUS.....
BLOG does not give buy or sell.
Saleem
Most corrections are great opportunity to REFOCUS on what will WORK as we go forward.....
Different stocks are EMERGING as the stocks to go to.......
It is a good IDEA to FORGET yesterday's winners......there is not much JUICE left on those.....
Markets are trying to come back...INSPITE of all the "percieved PROBLEMS"....
RIMM is down $4+......is among the strongest stocks going forward......so a slight giveback is never an issue...I am sitting on a $66/per share gain as of last bid.......
SNDK is UP $1.....which is another RIMM type of stock for 2007/2008........
STP,SNDA,UXG are all green.....
FDRY is down 35 cents.....
CMED is emerging as another stock to go to......
Among the stock which are bucking the trend @ 11.14 AM are:
GOOG,AMAT,GRMN,FSLR,SNE,BIDU,EBAY,WFR.....
AAPL is down $3+++ on poor activation of iphone ...LOWER than than the LOWEST number on the street.....so much for ihype........RIMM rules $$$$$
Markets will go UP or DOWN...Strong stocks will make you money...if you HOLD with CONVICTION......that is why I gave my points GAIN for RIMM as of recent bid today !!!!!
Good luck on your REVISIT to your portfolio with a diversified FOCUS.....
BLOG does not give buy or sell.
Saleem
Monday, July 23, 2007
DOW UP 92 & Nasdaq UP a measly 2.98 !!!!
Broader markets were WEAK as decliners held the LEAD in both NYSE & Nasdaq.....so NO cigar today !!!!!
My portfolio took a beating as I was down 1.3%........
Everything was down in my portfolio........
SNDA down $1.05.......
RIMM down 79 cents....
STP down 54 cents.....
FDRY down 31 cents....
UXG down 15 cents.....
SNDK down 2 cents.....
I sold YHOO and took a loss of almost $2/share.....as it is still not reflecting all the BAD news....so time to move ON.........Taking LOSS is part of "continously evaluating how the TAPE is behaving...I do it on an hourly basis against PEERS or against other strong stocks".....
I added 60% more SNDK to my portfolio as it was down when I purchased it 3 minutes before close......my cost of SNDK moved UP to $56.60.......
It was nice to be AHEAD of Jim Cramer in my purchase of additional SNDK......as he is NOW discovering the JOY of buying SNDK.......I continue to believe that SNDK is the stock of to be IN for next 12 months.......UP 68 cents AH......
ISRG continued its ROMP to new all-time high +10......
CMED had a "breakout next target is $37.85 as per www.stockconsultant.com"
JNPR new HIGH....
BRCM in trouble with SEC down further AH.......
JSDA "perking UP"
SIRF was strong AGAIN !!!!
WYNN strong.....
WYN gwtting close to new HIGH.....
TSL & SPWR strong solar stock......
OXPS,NCTY,GRMN strong.....
WFR,MA,CSCO strong......
Techs is the sector to INVEST for next 12 months......
Good luck on your due diligence & diversified positions.
BLOG does not give buy or sell.
Saleem
My portfolio took a beating as I was down 1.3%........
Everything was down in my portfolio........
SNDA down $1.05.......
RIMM down 79 cents....
STP down 54 cents.....
FDRY down 31 cents....
UXG down 15 cents.....
SNDK down 2 cents.....
I sold YHOO and took a loss of almost $2/share.....as it is still not reflecting all the BAD news....so time to move ON.........Taking LOSS is part of "continously evaluating how the TAPE is behaving...I do it on an hourly basis against PEERS or against other strong stocks".....
I added 60% more SNDK to my portfolio as it was down when I purchased it 3 minutes before close......my cost of SNDK moved UP to $56.60.......
It was nice to be AHEAD of Jim Cramer in my purchase of additional SNDK......as he is NOW discovering the JOY of buying SNDK.......I continue to believe that SNDK is the stock of to be IN for next 12 months.......UP 68 cents AH......
ISRG continued its ROMP to new all-time high +10......
CMED had a "breakout next target is $37.85 as per www.stockconsultant.com"
JNPR new HIGH....
BRCM in trouble with SEC down further AH.......
JSDA "perking UP"
SIRF was strong AGAIN !!!!
WYNN strong.....
WYN gwtting close to new HIGH.....
TSL & SPWR strong solar stock......
OXPS,NCTY,GRMN strong.....
WFR,MA,CSCO strong......
Techs is the sector to INVEST for next 12 months......
Good luck on your due diligence & diversified positions.
BLOG does not give buy or sell.
Saleem
Markets in STRONG rebound !!!!
Markets are trying to regain strength.......
Mergers gave a boost to futures this am ...... and markets moved higher @ open and staying in a "strong UP mode"...so far ......
My portfolio is showing 2 green SNDK & SNDA.......
RIMM is leading the negative in my portfolio ......down 74 cents....
STP down 50 cents.....
FDRY down 5 cents...
YHOO continuing its downtrend ...down another 10 cents........I personally think that YHOO has seen its trading LOW today already which was $25.14
UXG is down 3 cents.....
Among the stronger stocks today @ 11.06 AM are:
CMED,PMCS,JNPR,CSCO,SIRF,CTRP,IGT,WYNN,WYN,NMX,NYX,
TSL,NVDA,NTRI,MA,CIEN.
GOOG is showing weakness today.....
Good luck on rest of the day.....
BLOG does not give buy or sell.
Saleem
Mergers gave a boost to futures this am ...... and markets moved higher @ open and staying in a "strong UP mode"...so far ......
My portfolio is showing 2 green SNDK & SNDA.......
RIMM is leading the negative in my portfolio ......down 74 cents....
STP down 50 cents.....
FDRY down 5 cents...
YHOO continuing its downtrend ...down another 10 cents........I personally think that YHOO has seen its trading LOW today already which was $25.14
UXG is down 3 cents.....
Among the stronger stocks today @ 11.06 AM are:
CMED,PMCS,JNPR,CSCO,SIRF,CTRP,IGT,WYNN,WYN,NMX,NYX,
TSL,NVDA,NTRI,MA,CIEN.
GOOG is showing weakness today.....
Good luck on rest of the day.....
BLOG does not give buy or sell.
Saleem
Saturday, July 21, 2007
Technically STRONG stocks for this YOYO market !!!!
The following stocks are strong based on various technical formations.Please do FA also.Technicians cannot predict future events which may affect stock prices.
NYSE
HAL,AES,LCC,CEG,PBI,BEE,GG,STJ,WLP,GSS,LVS,ORB,DDS,MOD,BSX,
SKS.
Nasdaq
IMAX,PGNX,DPTR,WLSC,RACK,VVUS,SNPS,CACS,XIDE,ISPH,BRKS,
CMOS,
PILL,VCLK,SLAB,PESI,KLIC,TIBX,ADLR,IWOV.
TSX (Toronto Stock exchange)
WIN,X,PFE,ABX,GUY,CIC,WIX,WTO,BVX,MSD,CMG.
Please do your OWN due diligence & stay DIVERSIFIED.
Next post monday around 11 AM.
Have a relaxing weekend.
BLOG does not give buy or sell.
Saleem
NYSE
HAL,AES,LCC,CEG,PBI,BEE,GG,STJ,WLP,GSS,LVS,ORB,DDS,MOD,BSX,
SKS.
Nasdaq
IMAX,PGNX,DPTR,WLSC,RACK,VVUS,SNPS,CACS,XIDE,ISPH,BRKS,
CMOS,
PILL,VCLK,SLAB,PESI,KLIC,TIBX,ADLR,IWOV.
TSX (Toronto Stock exchange)
WIN,X,PFE,ABX,GUY,CIC,WIX,WTO,BVX,MSD,CMG.
Please do your OWN due diligence & stay DIVERSIFIED.
Next post monday around 11 AM.
Have a relaxing weekend.
BLOG does not give buy or sell.
Saleem
Friday, July 20, 2007
Markets gave a JOLT ...weaker TONE @ close !!!!
Markets took an unexpected turn to the downside...thanks to CAT,KBH & GOOG........
This unexpected slump shook the confidence of many......including Jim Cramer....which may be healthy for the next leg UP......
These sharp & swift selloff is always a healthy sign.......as FROTH is taken out of the markets.....
These selloff forces pessimist,nervous & fast money crowd to sell.......
Today lot of selling whole day......Tape was extremely BEARISH.....7 to 1 down volume on nyse & 4 to 1 down volume on nasdaq........It is safe to conclude that there was lot of SHORT trading & Put buying was going on........
This is why ...it is extremely important to do your own due diligence & staying well diversified....
Tape can be negative for few more days.......but if you know ...what you HOLD has GREAT prospect immediately ahead...then you can HOLD with confidence & conviction......
Strong stocks CAN go GREEN against bad tape........
I was fortunate to have SNDK & FDRY which ended GREEN........
SNDK was not disappointing at all.......considering it was a very negative day.....and SNDK was overbought going into earnings......now we had lot of selling either to book profit or selling short..which put us back into favourable ground...so expect relative strength from SNDK.....
RIMM , SNDA & YHOO were decidedly negative.....
UXG & STP did relatively better than market.......
My portfolio took a hit of 1% today...which was better performance than any indices......need to thank my lucky star *****
ISRG was the star performer Up $48 ++ new all time high on 13 times average volume $$$$
PMCS & BRCM did well........
RVBD (new high),JNPR did well.....
AAPL new HIGH on new target of $205 from Piper......
FMCN was strong......
STX did well.....
Will post list of technically strong stocks by 10AM saturday.
BLOG does not give buy or sell.
Have a relaxing weekend !!!!
Saleem
This unexpected slump shook the confidence of many......including Jim Cramer....which may be healthy for the next leg UP......
These sharp & swift selloff is always a healthy sign.......as FROTH is taken out of the markets.....
These selloff forces pessimist,nervous & fast money crowd to sell.......
Today lot of selling whole day......Tape was extremely BEARISH.....7 to 1 down volume on nyse & 4 to 1 down volume on nasdaq........It is safe to conclude that there was lot of SHORT trading & Put buying was going on........
This is why ...it is extremely important to do your own due diligence & staying well diversified....
Tape can be negative for few more days.......but if you know ...what you HOLD has GREAT prospect immediately ahead...then you can HOLD with confidence & conviction......
Strong stocks CAN go GREEN against bad tape........
I was fortunate to have SNDK & FDRY which ended GREEN........
SNDK was not disappointing at all.......considering it was a very negative day.....and SNDK was overbought going into earnings......now we had lot of selling either to book profit or selling short..which put us back into favourable ground...so expect relative strength from SNDK.....
RIMM , SNDA & YHOO were decidedly negative.....
UXG & STP did relatively better than market.......
My portfolio took a hit of 1% today...which was better performance than any indices......need to thank my lucky star *****
ISRG was the star performer Up $48 ++ new all time high on 13 times average volume $$$$
PMCS & BRCM did well........
RVBD (new high),JNPR did well.....
AAPL new HIGH on new target of $205 from Piper......
FMCN was strong......
STX did well.....
Will post list of technically strong stocks by 10AM saturday.
BLOG does not give buy or sell.
Have a relaxing weekend !!!!
Saleem
Blame it on CAT,HOUSING SLUMP & GOOG ........
Todays market turned sharply lower on a very bad ER from CAT......which nobody on wall street was ready for.......
Markets hates "surprise"....and CAT was a big one......
GOOG was already discounted...as markets worldwide were sharply UP........
10 yr Bond yield has slumped to 4.948 %...as it is a beneficiary of a flight to safety......as CAT is signalling a "slowdown in US economy"
Leading home builder is NOW PREDICTING...that housing SLUMP will not bottom out until end of 2008........another surprise for wall street & me.......as most were expecting bottom in housing by end of 2007.......
As I write this post @ 1105 AM.....Dow is down 127 and Nasdaq is down 28.......
SNDK which is currently Up $2.84...on many upgrades on targets & estimates.....rest of my portfolio is DOWN......
PMCS is also Up on strong earnings.......
AAPL is UP on increase price target ..a new 52 week HIGH....
Among the few green are :
SIRF,JNPR,ICE,CMED,CTRP,STX,LRCX,NVDA,MR,ISRG(great ER).
With all the "surprises" and OE....looks like a WEAK close today......
BLOG does not give buy or sell.
Saleem
Markets hates "surprise"....and CAT was a big one......
GOOG was already discounted...as markets worldwide were sharply UP........
10 yr Bond yield has slumped to 4.948 %...as it is a beneficiary of a flight to safety......as CAT is signalling a "slowdown in US economy"
Leading home builder is NOW PREDICTING...that housing SLUMP will not bottom out until end of 2008........another surprise for wall street & me.......as most were expecting bottom in housing by end of 2007.......
As I write this post @ 1105 AM.....Dow is down 127 and Nasdaq is down 28.......
SNDK which is currently Up $2.84...on many upgrades on targets & estimates.....rest of my portfolio is DOWN......
PMCS is also Up on strong earnings.......
AAPL is UP on increase price target ..a new 52 week HIGH....
Among the few green are :
SIRF,JNPR,ICE,CMED,CTRP,STX,LRCX,NVDA,MR,ISRG(great ER).
With all the "surprises" and OE....looks like a WEAK close today......
BLOG does not give buy or sell.
Saleem
Citigroup increases SNDK target to $71......
Citigroup analyst Craig Ellis..gives "thumbs UP to SNDK and raised its price target to $71 from $62".........
"He also feels that SNDK guidance which is HIGHER than expected for Q3 is still too conservative......means SNDK is playing AAPL UPOD game ".....
SNDK looking very good going forward.....another RIMM in the making......
BLOG does not give buy or sell.
Good luck today inspite of OE & CAT lousy earnings.......
We shall be GREEN $$$$$
Saleem
"He also feels that SNDK guidance which is HIGHER than expected for Q3 is still too conservative......means SNDK is playing AAPL UPOD game ".....
SNDK looking very good going forward.....another RIMM in the making......
BLOG does not give buy or sell.
Good luck today inspite of OE & CAT lousy earnings.......
We shall be GREEN $$$$$
Saleem
SNDK target/estimates raised by Goldman & Citigroup !!!!
SNDK is basking in the glory of a great earnings report........
Goldman & Citigroup have raised the estimates for 07 & 08.......
08 estimates are hovering in $3.05 to $3.08 area.......so even @ $60 SNDK trades @ less than 20 PE.......
Price target for SNDK has been increased to $65...from $53......
SNDK generally trades for HIGHER than street price targets....as evidenced by $57+ trades recently while the target was $53......prior to BLOWOUT ER......
Najarian continues to speak like a "person who lacks COMPREHENSION of a great company & outstanding ER as aggressively pointed out to him by Dylan Ratigan last night on Fast Money"....I do understand his bitterness because he must have been LOADED with PUTS on SNDK along with his buddies......and we all know they are going to be "0"........
Eric Bolling continues to talk GOOG UP...even after a "shocking ER".......he is PRETENDING that GOOG is trading ABOVE his so called support of $513...REALITY GOOG was trading last night @ $ 508-$509.......they are not known to deal in FACTS lately.....
GOOG is the new MSFT......dominance but GROWTH is history.......GREAT company NOT a GREAT stock......
YHOO has much BETTER chance to achieve $35 in the next 12 months...a 35% appreciation....a TURAROUND company but a GREAT stock going forward......It PAYS to spot/know the difference......I am down $1 on YHOO and GOOG RARA gang is down $50 & counting......
GOOG price target has been cut by Bear Stearns to $550......Ah those $600 "dreams are history"....last trade $508 @ 7.55 AM......
Jim Cramer sends his apology for writing GOOG on his "knuckles and jumping for $700 to $2000 targets"
Jordan Rohan the RARA analyst will be careful in bad mouthing YHOO now.... and hopefully will have a REALISTIC target for GOOG like $525 from $700......a mere drop of $175...only 25% DROP expected in targets.....so this is how a great company FARES in the REAL stock ARENA.....
Even GOOG lousy earning is not dampening the spirits on wall street today.......this BULL wants to go DEEPER in 14000++++ area......
By the way Najarian just discovered AAPL last night...he is claiming that AAPL has not gone UP much...REALITY AAPL was @ an All-time HIGH yesterday and is further deep into new HIGHS in pre-market......I wonder what Najarian smokes......he sounds like he needs medical intervention in a HURRY .......
Enjoy Friday OE and GREEN close.
BLOG does not give buy or sell.
Saleem
Goldman & Citigroup have raised the estimates for 07 & 08.......
08 estimates are hovering in $3.05 to $3.08 area.......so even @ $60 SNDK trades @ less than 20 PE.......
Price target for SNDK has been increased to $65...from $53......
SNDK generally trades for HIGHER than street price targets....as evidenced by $57+ trades recently while the target was $53......prior to BLOWOUT ER......
Najarian continues to speak like a "person who lacks COMPREHENSION of a great company & outstanding ER as aggressively pointed out to him by Dylan Ratigan last night on Fast Money"....I do understand his bitterness because he must have been LOADED with PUTS on SNDK along with his buddies......and we all know they are going to be "0"........
Eric Bolling continues to talk GOOG UP...even after a "shocking ER".......he is PRETENDING that GOOG is trading ABOVE his so called support of $513...REALITY GOOG was trading last night @ $ 508-$509.......they are not known to deal in FACTS lately.....
GOOG is the new MSFT......dominance but GROWTH is history.......GREAT company NOT a GREAT stock......
YHOO has much BETTER chance to achieve $35 in the next 12 months...a 35% appreciation....a TURAROUND company but a GREAT stock going forward......It PAYS to spot/know the difference......I am down $1 on YHOO and GOOG RARA gang is down $50 & counting......
GOOG price target has been cut by Bear Stearns to $550......Ah those $600 "dreams are history"....last trade $508 @ 7.55 AM......
Jim Cramer sends his apology for writing GOOG on his "knuckles and jumping for $700 to $2000 targets"
Jordan Rohan the RARA analyst will be careful in bad mouthing YHOO now.... and hopefully will have a REALISTIC target for GOOG like $525 from $700......a mere drop of $175...only 25% DROP expected in targets.....so this is how a great company FARES in the REAL stock ARENA.....
Even GOOG lousy earning is not dampening the spirits on wall street today.......this BULL wants to go DEEPER in 14000++++ area......
By the way Najarian just discovered AAPL last night...he is claiming that AAPL has not gone UP much...REALITY AAPL was @ an All-time HIGH yesterday and is further deep into new HIGHS in pre-market......I wonder what Najarian smokes......he sounds like he needs medical intervention in a HURRY .......
Enjoy Friday OE and GREEN close.
BLOG does not give buy or sell.
Saleem
Thursday, July 19, 2007
SNDK "blowout EPS 30 cents" vs expected 16 cents $$$
SNDK" blowout earnings came in @ 30 cents vs Thompson Financial est of 16 cents"
SNDK is guiding "higher for Q3 in sales,margin & EPS".......
SNDK is up almost $4 from close..........
SNDK will benefit more from analyst UPGRADES & Najarian SHORT SQUEEEEZE"
Eric Bolling & fast Money call of GOOG to "buy before/during / after the earning report is again making a big FOOL of the whole GANG...who cannot SHOOT straight"...GOOG was down as much as $46.....now stable @ down $41........
RIMM went to new all time HIGH closed UP $3.92 @ $234.35......
FDRY went to new 52 week HIGH ..closed @ $18.......Up 64 cents
STP closed @ $42.74 UP 42 cents....
SNDA closed @ $33.24 UP 36 cents.....
UXG closed Green........
YHOO closed down 17 cents.....
Among other highlights of ER tonight:
ISRG Up $18 AH
BRCM UP 60 cents AH
STX UP 19 cents AH
SPWR down 40 cents
BIDU was down further $5.69 in sympathy with GOOG.
Dow closed @ 14,000
Nasdaq was strong Up almost 21.....
Good luck on friday OE......
BLOG does not give buy or sell.
Saleem
SNDK is guiding "higher for Q3 in sales,margin & EPS".......
SNDK is up almost $4 from close..........
SNDK will benefit more from analyst UPGRADES & Najarian SHORT SQUEEEEZE"
Eric Bolling & fast Money call of GOOG to "buy before/during / after the earning report is again making a big FOOL of the whole GANG...who cannot SHOOT straight"...GOOG was down as much as $46.....now stable @ down $41........
RIMM went to new all time HIGH closed UP $3.92 @ $234.35......
FDRY went to new 52 week HIGH ..closed @ $18.......Up 64 cents
STP closed @ $42.74 UP 42 cents....
SNDA closed @ $33.24 UP 36 cents.....
UXG closed Green........
YHOO closed down 17 cents.....
Among other highlights of ER tonight:
ISRG Up $18 AH
BRCM UP 60 cents AH
STX UP 19 cents AH
SPWR down 40 cents
BIDU was down further $5.69 in sympathy with GOOG.
Dow closed @ 14,000
Nasdaq was strong Up almost 21.....
Good luck on friday OE......
BLOG does not give buy or sell.
Saleem
Markets are Steady & Higher !!!!!
Markets are waiting out Bernanke testimony & some important ER from GOOG,SNDK,BRCM,SIRF,PMCS,ISRG,STX all AH......
RIMM is flying went to new all time HIGH of $235.17.....currently UP nearly $4......
FDRY went to new 52 week high of $18.32 .....currently UP 77 cents.......
SNDA is only 22 cents away from new 52 week high..currently UP 55 cents....
STP inching closer & closer to challenge its all time high....currently UP 43 cents...
UXG unchanged......
YHOO still scared of GOOG so down another 10 cents.......
SNDK in the "spotlight AH" down 60 cents.....on heavy volume.....
Among other stocks ...who are showing GREEN so far @ 11.17 AM are:
SOHU,TSL,CMED,TOL,DELL,JNPR(Goldman Upgrade..new HIGH),AVCI,
IGT,CTRP,WYNN,RVBD,WYN,LVS,GRMN,SNE,AAPL,NCTY,BIDU,TTM,
INFY,HPQ,AKAM,LRCX.
Good luck on rest of the day......
BLOG does not give buy or sell.
Saleem
RIMM is flying went to new all time HIGH of $235.17.....currently UP nearly $4......
FDRY went to new 52 week high of $18.32 .....currently UP 77 cents.......
SNDA is only 22 cents away from new 52 week high..currently UP 55 cents....
STP inching closer & closer to challenge its all time high....currently UP 43 cents...
UXG unchanged......
YHOO still scared of GOOG so down another 10 cents.......
SNDK in the "spotlight AH" down 60 cents.....on heavy volume.....
Among other stocks ...who are showing GREEN so far @ 11.17 AM are:
SOHU,TSL,CMED,TOL,DELL,JNPR(Goldman Upgrade..new HIGH),AVCI,
IGT,CTRP,WYNN,RVBD,WYN,LVS,GRMN,SNE,AAPL,NCTY,BIDU,TTM,
INFY,HPQ,AKAM,LRCX.
Good luck on rest of the day......
BLOG does not give buy or sell.
Saleem
SNDK ready to please believers ???
SNDK reports AH today........
Fast money's Najarian sold already......and is "yelling SELL SNDK...because he made $3"
Najarian makes decision to buy or sell based on option terminal activity.......which is neither FA or TA......it is most uninformed/uneducated way of trading......so I say ......
SNDK is a very strong buy here.......based on FA & TA........
FA will tell you that SNDK will BEAT tonight & will guide higher........
TA will tell you that "chart looks explosive"
TA will also tell you that it is ready to go into NEW 52 week HIGHS........
FA & TA will also tell you that SNDK has lot of similarities with RIMM before ER.......
SNDK is on the verge of 3 Q of explosive growth......margins will improve substantially from Q3 which started in july......
SNDK is a bigger and better managed company.......bought FLSH last year.....
Flash Memory is going into iphone,smartphone,digital cameras,ipods......
Flash Drives which consumes less power is going into laptop.....which will be a new area of GROWTH for SNDK
Flash Memory is being used by astute proffessionals to carry important data from PC and also used as a backup tool for data,pictures,music.......
Users love its portability.....it is small & goes into your pocket with 1 gig or more of info....
Flash Memory is going into TIGHT supply......thus benefitting SNDK.......with HIGHER margins.
The following numbers are expected by serious investors/traders...and they are:
Sales
Q2.........$792.86 million
Q3.........$908.93 million
q/q ....+$116.07 million
q/q %........+14.6%
EPS
Q2...........15 cents
Q3...........27 cents
q/q..........+12 cents
q/q %......+80%
Hope you are getting a very clear picture of Q/Q SEQUENTIAL acceleration in both sales & eps......
You can also SEE the ACCELERATION in margins.....once sales RAMPS UP......why do I say that...
Because sales will go UP sequentially by + 14.6%.....but EPS will JUMP 80%......a sure sign of high margin GRAVY with increasing sales......
SNDK has a "history of beating estimate 4 Q in a ROW....and it will be no different this time TONIGHT"
So..... you have a choice of following an option terminal trader like Najarian who buys calls & puts on the same position......or show some CONVICTION to an improving & accelerating business model.......the ball is in your court......
Please do your OWN Najarian due diligence.....as I own SNDK in my portfolio.....I do not mind adding or WAITING in case markets disagrees with me for any reason TA/FA.......or sheer manipulation by some hedge funds.....I got the time, patience & strategy to deal with any reaction to SNDK earnings tonight.....my bet is on positive trend in SNDK business model.
Good luck on today's trades.
BLOG does not give buy or sell.
Saleem
Fast money's Najarian sold already......and is "yelling SELL SNDK...because he made $3"
Najarian makes decision to buy or sell based on option terminal activity.......which is neither FA or TA......it is most uninformed/uneducated way of trading......so I say ......
SNDK is a very strong buy here.......based on FA & TA........
FA will tell you that SNDK will BEAT tonight & will guide higher........
TA will tell you that "chart looks explosive"
TA will also tell you that it is ready to go into NEW 52 week HIGHS........
FA & TA will also tell you that SNDK has lot of similarities with RIMM before ER.......
SNDK is on the verge of 3 Q of explosive growth......margins will improve substantially from Q3 which started in july......
SNDK is a bigger and better managed company.......bought FLSH last year.....
Flash Memory is going into iphone,smartphone,digital cameras,ipods......
Flash Drives which consumes less power is going into laptop.....which will be a new area of GROWTH for SNDK
Flash Memory is being used by astute proffessionals to carry important data from PC and also used as a backup tool for data,pictures,music.......
Users love its portability.....it is small & goes into your pocket with 1 gig or more of info....
Flash Memory is going into TIGHT supply......thus benefitting SNDK.......with HIGHER margins.
The following numbers are expected by serious investors/traders...and they are:
Sales
Q2.........$792.86 million
Q3.........$908.93 million
q/q ....+$116.07 million
q/q %........+14.6%
EPS
Q2...........15 cents
Q3...........27 cents
q/q..........+12 cents
q/q %......+80%
Hope you are getting a very clear picture of Q/Q SEQUENTIAL acceleration in both sales & eps......
You can also SEE the ACCELERATION in margins.....once sales RAMPS UP......why do I say that...
Because sales will go UP sequentially by + 14.6%.....but EPS will JUMP 80%......a sure sign of high margin GRAVY with increasing sales......
SNDK has a "history of beating estimate 4 Q in a ROW....and it will be no different this time TONIGHT"
So..... you have a choice of following an option terminal trader like Najarian who buys calls & puts on the same position......or show some CONVICTION to an improving & accelerating business model.......the ball is in your court......
Please do your OWN Najarian due diligence.....as I own SNDK in my portfolio.....I do not mind adding or WAITING in case markets disagrees with me for any reason TA/FA.......or sheer manipulation by some hedge funds.....I got the time, patience & strategy to deal with any reaction to SNDK earnings tonight.....my bet is on positive trend in SNDK business model.
Good luck on today's trades.
BLOG does not give buy or sell.
Saleem
Wednesday, July 18, 2007
Sub-Prime was discounted by close...BULL Alive & WELL $$$$
No matter what......you cannot keep a BULL market down for more than few hours......
Sub-Prime issue was discounted in about 6 hours......then major TURNAROUND started in all indices.......
Things are looking UP for markets in general & technology in particular.......
IBM,JNPR had great earnings and are UP substantially in AH........
TECHS will be the- story in the 2nd HALF...if you are still underweight tech......please OVERWEIGHT ASAP.......or else you will miss some serious $$$$$
GOOG reports th AH.......it will be a GREAT report.....and great guidance......it may give LIFT to my struggling YHOO...while it figures out.....which "end is UP"..."or do they know their troubles have no END"
My portfolio recovered big time with the upswing in last hour......down only .23%
RIMM was UP 36 cents ...looking for another new all-time HIGH thursday.....UP also in AH.
SNDK gave me 85 cents...while it closed UP 45 cents ...further UP AH....looking very good for Th...
My star performer was UXG up 33 cents..dont laugh that is UP 5.5%.....
I sold CMED and booked solid GAIN and bought STP which gave me 30 cents today.....STP is looking READY to FLY......for the 12th time for me.....talk of being LOYAL to STP.....$$$$
FDRY,SNDA were down 17 & 13 cents........
YHOO closed higher than open price.......it may go GREEN on th.........
So my portfolio was changed to reflect my belief......as to which stocks are looking "stronger to participate in the rally which starts thursday.........All ABOARD !!!!!
SNDK,RIMM,STP,FDRY,SNDA,UXG,YHOO.......is my CHOO CHOO train..........
BIDU & GOOG weak......
NMX,ICE were weak......
Strong stocks were:
NT ( two days in arow),NCTY,AKAM,QID........
Good luck on your DIVERSIFIED strong stocks portfolio.......
BLOG does not give buy or sell.
Saleem
Sub-Prime issue was discounted in about 6 hours......then major TURNAROUND started in all indices.......
Things are looking UP for markets in general & technology in particular.......
IBM,JNPR had great earnings and are UP substantially in AH........
TECHS will be the- story in the 2nd HALF...if you are still underweight tech......please OVERWEIGHT ASAP.......or else you will miss some serious $$$$$
GOOG reports th AH.......it will be a GREAT report.....and great guidance......it may give LIFT to my struggling YHOO...while it figures out.....which "end is UP"..."or do they know their troubles have no END"
My portfolio recovered big time with the upswing in last hour......down only .23%
RIMM was UP 36 cents ...looking for another new all-time HIGH thursday.....UP also in AH.
SNDK gave me 85 cents...while it closed UP 45 cents ...further UP AH....looking very good for Th...
My star performer was UXG up 33 cents..dont laugh that is UP 5.5%.....
I sold CMED and booked solid GAIN and bought STP which gave me 30 cents today.....STP is looking READY to FLY......for the 12th time for me.....talk of being LOYAL to STP.....$$$$
FDRY,SNDA were down 17 & 13 cents........
YHOO closed higher than open price.......it may go GREEN on th.........
So my portfolio was changed to reflect my belief......as to which stocks are looking "stronger to participate in the rally which starts thursday.........All ABOARD !!!!!
SNDK,RIMM,STP,FDRY,SNDA,UXG,YHOO.......is my CHOO CHOO train..........
BIDU & GOOG weak......
NMX,ICE were weak......
Strong stocks were:
NT ( two days in arow),NCTY,AKAM,QID........
Good luck on your DIVERSIFIED strong stocks portfolio.......
BLOG does not give buy or sell.
Saleem
Bernanke gives mixed bag on the economy !!!!
Bernanke is saying that among the indicators of economy..... inflation is a concern and growth is slower than expected for economy in 07.......
10 yr Bond yield fell to 5.0140%......which is great for stocks.......
Markets are reacting to sub-prime issues and may close on an optimistic note.......
I practice what I preach......so did some trade......
Booked profit in TOL sold @ open......booked some loss in ESLR ..sold @ open...both trades were a wash for me.........
Bought SNDK @ $56.30.......as it was my plan to do so............ before earning tommorrow AH......SNDK is among the strongest stock lately......
SNDK was upgraded this morning by JP Morgan.....who are seeing a MAJOR BOOST in demand for Flash Memory....due to catch up game played by everyone to ......put more things in CELL...thus expanded use of Flash.......they are also saying supply will be TIGHT for Flash which will benefit SNDK.....big time.......all of this was my thesis for the last 3 months.....when I traded SNDK 4 times already........this time it is a keeper as SNDK is going into strong cycle......
So my portfolio now is:
SNDK,RIMM,SNDA,CMED,YHOO,UXG & FDRY.........
As expected UXG is green as Gold is flying today UP $7.50...never hurts to have some gold stock in any portfolio.......
SNDK is Up almost 70 cents from my cost...so far....
SNDA is unchanged...wants to go green.....
YHOO is showing some life.....it opened @$26.07 and it is trading @ $26.35......lot of buying in YHOO........good for its technical health......
CMED is down 96 cents.......
RIMM down 93 cents & FDRY down 31 cents
Not bad considering nasdaq is down 27.......
Among other strong stocks @ 11.32 AM are:
NT (up 2 days in a row),TZOO(found support),SOHU,NTRI,AUY,QID......
Please continue doing your due diligence & stay DIVERSIFIED in strong sectors.
Good luck on rest of the Sub-Prime laden day .
BLOG does not give buy or sell.
Saleem
10 yr Bond yield fell to 5.0140%......which is great for stocks.......
Markets are reacting to sub-prime issues and may close on an optimistic note.......
I practice what I preach......so did some trade......
Booked profit in TOL sold @ open......booked some loss in ESLR ..sold @ open...both trades were a wash for me.........
Bought SNDK @ $56.30.......as it was my plan to do so............ before earning tommorrow AH......SNDK is among the strongest stock lately......
SNDK was upgraded this morning by JP Morgan.....who are seeing a MAJOR BOOST in demand for Flash Memory....due to catch up game played by everyone to ......put more things in CELL...thus expanded use of Flash.......they are also saying supply will be TIGHT for Flash which will benefit SNDK.....big time.......all of this was my thesis for the last 3 months.....when I traded SNDK 4 times already........this time it is a keeper as SNDK is going into strong cycle......
So my portfolio now is:
SNDK,RIMM,SNDA,CMED,YHOO,UXG & FDRY.........
As expected UXG is green as Gold is flying today UP $7.50...never hurts to have some gold stock in any portfolio.......
SNDK is Up almost 70 cents from my cost...so far....
SNDA is unchanged...wants to go green.....
YHOO is showing some life.....it opened @$26.07 and it is trading @ $26.35......lot of buying in YHOO........good for its technical health......
CMED is down 96 cents.......
RIMM down 93 cents & FDRY down 31 cents
Not bad considering nasdaq is down 27.......
Among other strong stocks @ 11.32 AM are:
NT (up 2 days in a row),TZOO(found support),SOHU,NTRI,AUY,QID......
Please continue doing your due diligence & stay DIVERSIFIED in strong sectors.
Good luck on rest of the Sub-Prime laden day .
BLOG does not give buy or sell.
Saleem
Bear Stearn's,Sub-Prime,Bernanke,INTC & YHOO trips the markets !!!!
Here we go AGAIN...........
Futures are down...thanks to :
Bear Stearn's sub prime hedge fund collapse...which is a major negative.........Goldman & other hedge funds have to come clean.....or else financials will be under pressure big time.....and they are dragging everything DOWN today.......
Other minor irritants for the markets are:
Bernanke testimony for two days......
CPI this AM......
INTC margin pressure......
YHOO execution issues.....
So it is a good day to look @ your portfolio and do some shuffling into stronger stocks in a DIVERSIFIED mode......
Hoping that my Gold stock UXG will be the offsetting factor in my portfolio...as GOLD is UP $2.80+ already @ 6.40 AM.....
YHOO with Jerry Yang & Susan Decker @ helm...will make progress where it needs to be....there is always a possibility of YHOO being bought out either by private equity or MSFT.
RIMM had their annual meeting yesterday....and they are extremely confident & UPBEAT about their current & future business trends....they are saying that they are in second inning of their 9 inning game......
RIMM also released a new dual system blackberry which is both WI-FI & Internet.......
RIMM'S new & improved price target by www.stockcharts.com is $378......which is $148 points MORE on the UPSIDE....closed @ $230.
Good luck in today's painful day......
BLOG does not give buy or sell.
Saleem
Futures are down...thanks to :
Bear Stearn's sub prime hedge fund collapse...which is a major negative.........Goldman & other hedge funds have to come clean.....or else financials will be under pressure big time.....and they are dragging everything DOWN today.......
Other minor irritants for the markets are:
Bernanke testimony for two days......
CPI this AM......
INTC margin pressure......
YHOO execution issues.....
So it is a good day to look @ your portfolio and do some shuffling into stronger stocks in a DIVERSIFIED mode......
Hoping that my Gold stock UXG will be the offsetting factor in my portfolio...as GOLD is UP $2.80+ already @ 6.40 AM.....
YHOO with Jerry Yang & Susan Decker @ helm...will make progress where it needs to be....there is always a possibility of YHOO being bought out either by private equity or MSFT.
RIMM had their annual meeting yesterday....and they are extremely confident & UPBEAT about their current & future business trends....they are saying that they are in second inning of their 9 inning game......
RIMM also released a new dual system blackberry which is both WI-FI & Internet.......
RIMM'S new & improved price target by www.stockcharts.com is $378......which is $148 points MORE on the UPSIDE....closed @ $230.
Good luck in today's painful day......
BLOG does not give buy or sell.
Saleem
Tuesday, July 17, 2007
Major earnings taken as NEGATIVE in AH .......
INTC earnings was the first out and everyone zeroed in on margin pressure....so it was taken down $1.10 in AH......
Then YHOO earnings came out and everybody zeroed in on slight reduction in Q3 guidance and same for the whole year......YHOO down $1.10......
I personally think that YHOO is deliberately UPOD...learned from AAPL....but when AAPL does everyone ignores it.....but for YHOO in AH there is a negative reaction.
YHOO CEO is saying that "nothing is sacred".....so they want to DEAL with all issues...which should bode well for future stock price of YHOO.
YHOO is throwing everything out in the open...like lowered margin from 40% to 37%....then they will try to BEAT those numbers......
I think that YHOO will show a better return on a 12 month forward basis...as far as stock appreciation is concerned......so it is a STRONG HOLD.
All stocks are down in AH based on the sentiments which looks NEGATIVE......GOOG turned negative $4 AH....
Overall my portfolio behaved well(positive) in regular hour.....
FDRY hit new 52 week HIGH.....but closed below high @$17.53 UP 11 cents.....
RIMM was strong and closed UP $3.53 @ $230.07....
CMED closed UP 59 cents @ $34.55....
TOL & ESLR were down 35 & 36 cents.....
UXG & SNDA closed down 3 & 6 cents....
Most of the solar stocks were down sharply including FSLR,TSL,STP & HOKU......
DOW,S&P & Nasdaq...closed LOWER than highs of the day.....DOW missing magic 14,000 by 30 points.......
Good luck on wed trades.
Please do your OWN due diligence....and stay DIVERSIFIED .....
BLOG does not give buy or sell.
Saleem
Then YHOO earnings came out and everybody zeroed in on slight reduction in Q3 guidance and same for the whole year......YHOO down $1.10......
I personally think that YHOO is deliberately UPOD...learned from AAPL....but when AAPL does everyone ignores it.....but for YHOO in AH there is a negative reaction.
YHOO CEO is saying that "nothing is sacred".....so they want to DEAL with all issues...which should bode well for future stock price of YHOO.
YHOO is throwing everything out in the open...like lowered margin from 40% to 37%....then they will try to BEAT those numbers......
I think that YHOO will show a better return on a 12 month forward basis...as far as stock appreciation is concerned......so it is a STRONG HOLD.
All stocks are down in AH based on the sentiments which looks NEGATIVE......GOOG turned negative $4 AH....
Overall my portfolio behaved well(positive) in regular hour.....
FDRY hit new 52 week HIGH.....but closed below high @$17.53 UP 11 cents.....
RIMM was strong and closed UP $3.53 @ $230.07....
CMED closed UP 59 cents @ $34.55....
TOL & ESLR were down 35 & 36 cents.....
UXG & SNDA closed down 3 & 6 cents....
Most of the solar stocks were down sharply including FSLR,TSL,STP & HOKU......
DOW,S&P & Nasdaq...closed LOWER than highs of the day.....DOW missing magic 14,000 by 30 points.......
Good luck on wed trades.
Please do your OWN due diligence....and stay DIVERSIFIED .....
BLOG does not give buy or sell.
Saleem
Dow 14,000 no big deal...15,000 will be $$$$
So Dow crossed 14,000.......that was a given....in this GIN & TONIC laden bull charge......15,000 is where Dom Perigon will FLOW near wall & broad.....
S&P @ new all time HIGH will not be a big deal either.......it is 1650 on S&P.......
Let us say few words about our struggling Nasdaq.......which is STILL 2300 points away......when we cross 5000 on nasdaq.......then every investor will celeberate......but that may take end of 2009..............2010 we will wake UP @ above 5000 on nasdaq $$$$
Now that is.......... not being over the TOP........ in my dramatization of market trends !!!!!!
Now back to today's reality show.....in my portfolio:
RIMM as usual is UP $2.54.....
CMED is UP $1.....
SNDA,FDRY,ESLR are GREEN......
TOL is waiting for housing report to be released this PM down 6 cents.....should be Up later on...
UXG is flat......
YHOO is showing its GREEN color ...so far......UP 10 cents to $26.80...only 21 cents away from my cost of $27.01.........always going for UNDERDOG...better odds ALWAYS on Longshots $$$$
Among other strong stocks @ 11.02 AM are :
NMX,NVLS(good guidance),NT(found support),SNDK (strong into thursday's earnings),
AMAT(new HIGH),SIRF(higher channel),GOOG(marching towards $600),LVS(higher channel),FSLR,TSL,AAPL,BIDU,LRCX(new high)NVDA(new high),INFY,NVTL(new high)
MTSN(sympathy move with NVLS).
Hope you are also having a very productive day $$$$$.
BLOG does not give buy or sell.
Saleem
S&P @ new all time HIGH will not be a big deal either.......it is 1650 on S&P.......
Let us say few words about our struggling Nasdaq.......which is STILL 2300 points away......when we cross 5000 on nasdaq.......then every investor will celeberate......but that may take end of 2009..............2010 we will wake UP @ above 5000 on nasdaq $$$$
Now that is.......... not being over the TOP........ in my dramatization of market trends !!!!!!
Now back to today's reality show.....in my portfolio:
RIMM as usual is UP $2.54.....
CMED is UP $1.....
SNDA,FDRY,ESLR are GREEN......
TOL is waiting for housing report to be released this PM down 6 cents.....should be Up later on...
UXG is flat......
YHOO is showing its GREEN color ...so far......UP 10 cents to $26.80...only 21 cents away from my cost of $27.01.........always going for UNDERDOG...better odds ALWAYS on Longshots $$$$
Among other strong stocks @ 11.02 AM are :
NMX,NVLS(good guidance),NT(found support),SNDK (strong into thursday's earnings),
AMAT(new HIGH),SIRF(higher channel),GOOG(marching towards $600),LVS(higher channel),FSLR,TSL,AAPL,BIDU,LRCX(new high)NVDA(new high),INFY,NVTL(new high)
MTSN(sympathy move with NVLS).
Hope you are also having a very productive day $$$$$.
BLOG does not give buy or sell.
Saleem
YHOO reports AH......Will it FLOAT ?????
YHOO reports AH today.......
Cramer say's Sell,Sell,Sell.........in his Yelling tone
Eric Bolling say's Sell,Sell,Sell...in his Baritone Voice
Pete Najarian say's...Dump YHOO..in his Screaming & Loud voice
Jeff Macke say's...Forget YHOO....in his FIRM & Assured aggressive tone
Ratigan say's......YHOO is FAR BEHIND.....in his Stammering voice
Boy........with so many "genius raining on YHOO'S parade...I must be out of my SKULL to even have YHOO in my portfolio...never mind 5 purchases"
They are ALL PUSHING GOOG.......which is a "great company ...but NOT a GREAT stock to make SERIOUS money"....why do I say that...well...as Ronald Reagan will say.....let us look into next 12 months and see what is in "time capsule"....
GOOG trading @ $553........probably will go to $600 a gain of $47...a whopping gain of 8.4%...
YHOO trading @ $26.72.....probably will go to $35 a gain of $8.32..a REAL gain of 31.1%.....which is roughly 400% more GAIN than our much beloved,admired,talked about & pushed down everybody's throat...the famous GOOG !!!!
We are all here to make SERIOUS money in a 12 month mode ...not in a 2 hour "frenzied trading"..........
I definitely see YHOO @ $35 in 12 months........
So Fast money,Slow money....stay clear of YHOO if your mindset is GOOG.....and ALWAY'S go with SEXY names as pushed on TV by screaming host........& sometimes hostess......
Making serious money is a tough job......it only comes with your own convictions & deep far reaching analysis.......which requires a different game plan than following LOUD pundits with their thoughtless utterances.....
By the way.......all of the above JUMPING GENIUSES told the whole world "not to buy RIMM before earning...but buy After RIMM reports & DIPS.......it went UP $34 after ER........none of them expressed any shame or regret for making the worse call in front of million TV"give me easy money crowd"..............
If you got time & patience YHOO has great risk/reward ratio......which I have played to the hilt...with every selection in the last 6 months......yes it gets PAINFUL for few days & weeks...but with conviction & staying put....the rewards are UNBELIEVABLE $$$$$.....
In the last 7 weeks my equity has gone UP 120%.......with no options @ all in any shape size or form.......even I am impressed with my success lately.......this is shared not because ...it is possible for everyone or me......but it is nice....... NOT to listen or follow the HERD........
I do my OWN due diligence...and you should do your OWN......if your time horizon is more than 2 hours of trading.........
My results are based partly on my unique way of investing & being LUCKY $$$$
Please find your own comfort level with each position........because BLOG does not give BUY or SELL.......
Good luck on today's trading.
Saleem
Cramer say's Sell,Sell,Sell.........in his Yelling tone
Eric Bolling say's Sell,Sell,Sell...in his Baritone Voice
Pete Najarian say's...Dump YHOO..in his Screaming & Loud voice
Jeff Macke say's...Forget YHOO....in his FIRM & Assured aggressive tone
Ratigan say's......YHOO is FAR BEHIND.....in his Stammering voice
Boy........with so many "genius raining on YHOO'S parade...I must be out of my SKULL to even have YHOO in my portfolio...never mind 5 purchases"
They are ALL PUSHING GOOG.......which is a "great company ...but NOT a GREAT stock to make SERIOUS money"....why do I say that...well...as Ronald Reagan will say.....let us look into next 12 months and see what is in "time capsule"....
GOOG trading @ $553........probably will go to $600 a gain of $47...a whopping gain of 8.4%...
YHOO trading @ $26.72.....probably will go to $35 a gain of $8.32..a REAL gain of 31.1%.....which is roughly 400% more GAIN than our much beloved,admired,talked about & pushed down everybody's throat...the famous GOOG !!!!
We are all here to make SERIOUS money in a 12 month mode ...not in a 2 hour "frenzied trading"..........
I definitely see YHOO @ $35 in 12 months........
So Fast money,Slow money....stay clear of YHOO if your mindset is GOOG.....and ALWAY'S go with SEXY names as pushed on TV by screaming host........& sometimes hostess......
Making serious money is a tough job......it only comes with your own convictions & deep far reaching analysis.......which requires a different game plan than following LOUD pundits with their thoughtless utterances.....
By the way.......all of the above JUMPING GENIUSES told the whole world "not to buy RIMM before earning...but buy After RIMM reports & DIPS.......it went UP $34 after ER........none of them expressed any shame or regret for making the worse call in front of million TV"give me easy money crowd"..............
If you got time & patience YHOO has great risk/reward ratio......which I have played to the hilt...with every selection in the last 6 months......yes it gets PAINFUL for few days & weeks...but with conviction & staying put....the rewards are UNBELIEVABLE $$$$$.....
In the last 7 weeks my equity has gone UP 120%.......with no options @ all in any shape size or form.......even I am impressed with my success lately.......this is shared not because ...it is possible for everyone or me......but it is nice....... NOT to listen or follow the HERD........
I do my OWN due diligence...and you should do your OWN......if your time horizon is more than 2 hours of trading.........
My results are based partly on my unique way of investing & being LUCKY $$$$
Please find your own comfort level with each position........because BLOG does not give BUY or SELL.......
Good luck on today's trading.
Saleem
Monday, July 16, 2007
Another day .....another Record for DOW $$$$
Dow closed strong AGAIN !!!!
Nasdaq & S&P down 10 & 3..........
Broader market internals showed decided negative close....almost 2 down to 1 up on volume & advancers........
However........ new 52 wk HIGHS led new 52 wk decliners by 3 to 1......
So...it is important to be in the Strong stocks who are making new highs........
In my portfolio :
To the "surprise of many technicians" YHOO was GREEN & closed near HIGH of the day.....take that all SKEPTICS.......YHOO reports tommorrow AH.....should be a "very interesting CC"...why do I say that......WELL...as Ronald Reagan would say.......everybody "thinks they know everything there is to know about YHOO"......sorry...... ..you all KNOWING are WRONG on YHOO !!!!!
FDRY was Green.........
TOL was green.......
SNDA went to new 52wk HIGH today ...before the PM pullback......
RIMM went to new All-time HIGH then closed in small negative.....
ESLR stayed down & closed NEAR low of the day ...thanks to downgrade by weasels on AVERAGE volume......that gives me HOPE for tuesday......so I think.......
CMED closed down 1.05...after being UP $2.53...reaching new 52 week HIGH....I am not concerned as Brean Murray is shorting big time on today's strength.....and making "retarded comment about company's future".....CMED will spring back on tuesday...so I think.......as the volume was average of 1.1 million shares.......Also lot of daytraders were happy to take their $ and run.....so selling is out of the way........
UXG was down few cents as gold stocks were down........
Among other strong stocks ......lot of stocks stayed green after touching new HIGHS some of them were:
GOOG,GRMN,ICE,RVBD,.......also NMX looked healthy.....
Most solar stocks took the proverbial "beating"...like TSL -6,FSLR-4,HOKU-64cents......
plus SOHU,NCTY were down sharply.....
XING is the disaster du jour AH down 3+++
Bull market is intact.......strong stocks will get stronger $$$$$$
Please do your OWN due diligence.
BLOG does not give BUY or SELL.
Stay DIVERSIFIED.
Saleem
Nasdaq & S&P down 10 & 3..........
Broader market internals showed decided negative close....almost 2 down to 1 up on volume & advancers........
However........ new 52 wk HIGHS led new 52 wk decliners by 3 to 1......
So...it is important to be in the Strong stocks who are making new highs........
In my portfolio :
To the "surprise of many technicians" YHOO was GREEN & closed near HIGH of the day.....take that all SKEPTICS.......YHOO reports tommorrow AH.....should be a "very interesting CC"...why do I say that......WELL...as Ronald Reagan would say.......everybody "thinks they know everything there is to know about YHOO"......sorry...... ..you all KNOWING are WRONG on YHOO !!!!!
FDRY was Green.........
TOL was green.......
SNDA went to new 52wk HIGH today ...before the PM pullback......
RIMM went to new All-time HIGH then closed in small negative.....
ESLR stayed down & closed NEAR low of the day ...thanks to downgrade by weasels on AVERAGE volume......that gives me HOPE for tuesday......so I think.......
CMED closed down 1.05...after being UP $2.53...reaching new 52 week HIGH....I am not concerned as Brean Murray is shorting big time on today's strength.....and making "retarded comment about company's future".....CMED will spring back on tuesday...so I think.......as the volume was average of 1.1 million shares.......Also lot of daytraders were happy to take their $ and run.....so selling is out of the way........
UXG was down few cents as gold stocks were down........
Among other strong stocks ......lot of stocks stayed green after touching new HIGHS some of them were:
GOOG,GRMN,ICE,RVBD,.......also NMX looked healthy.....
Most solar stocks took the proverbial "beating"...like TSL -6,FSLR-4,HOKU-64cents......
plus SOHU,NCTY were down sharply.....
XING is the disaster du jour AH down 3+++
Bull market is intact.......strong stocks will get stronger $$$$$$
Please do your OWN due diligence.
BLOG does not give BUY or SELL.
Stay DIVERSIFIED.
Saleem
Another day .....another Record for markets $$$$
Markets are going about their business of creating records.....everything GREEN...so far.....
In my portfolio :
RIMM continues its march to New All-time HIGHS..was UP to $239.80..currently UP $3++
CMED went to new 52 wk high..traded as high as $37.55 ..currently UP 75 cents...FDA gave conditional approval to its IDE application......can we say analyst upgrade coming SOON !!!
FDRY ,SNDA ,TOL UP small green.....
YHOO,UXG & ESLR down slightly....
ESLR was downgraded by Thomas Weisel to Market perform....gave me a chance to add MORE ESLR today...how much more........ 50% more to my position.
Among other stocks which are strong @ 11.26 AM are:
STP (new High),ICE,GOOG(new High),RVBD (new High),LVS,NMX,NYX,
GRMN(new HIGH),VLO(getting close to new high),AAPL(new high),
BIDU(new high),NTRI,WFR,MA.
Good luck on your DIVERSIFIED trades today $$$
BLOG does not give buy or sell.
Saleem
In my portfolio :
RIMM continues its march to New All-time HIGHS..was UP to $239.80..currently UP $3++
CMED went to new 52 wk high..traded as high as $37.55 ..currently UP 75 cents...FDA gave conditional approval to its IDE application......can we say analyst upgrade coming SOON !!!
FDRY ,SNDA ,TOL UP small green.....
YHOO,UXG & ESLR down slightly....
ESLR was downgraded by Thomas Weisel to Market perform....gave me a chance to add MORE ESLR today...how much more........ 50% more to my position.
Among other stocks which are strong @ 11.26 AM are:
STP (new High),ICE,GOOG(new High),RVBD (new High),LVS,NMX,NYX,
GRMN(new HIGH),VLO(getting close to new high),AAPL(new high),
BIDU(new high),NTRI,WFR,MA.
Good luck on your DIVERSIFIED trades today $$$
BLOG does not give buy or sell.
Saleem
Sunday, July 15, 2007
YHOO.....getting NO RESPECT !!!!
YHOO reports earnings on tuesday AH.......
Much has been written about how GOOG going to capture the search market as much as 90% in 10 years.........
In 10 years ???????..........technology for any & everything is OBSOLETE in 10 years.....WHY ...great question..........
10 years ago DELL direct sales of PC....was hailed as "stroke of genius"......now it is selling PC through WMT........
10 years ago MSFT was invincible...with hoopla of WIN 95......now MSFT had to branch out from gaming to.....SEARCH and still "slow growth even with mandated operating system of VISTA"
10 years ago SUNW & INTC were the ultimate "stocks to go to"......now SUNW is a "struggling $5 stock"
I do not know where GOOG will be in 10 years...but it will surely be another company...trying to "grow in a very competitive space"
The competition for GOOG will come from many companies " trying their damndest to STEAL market share from GOOG..... which did not EXIST 10 years ago"......so much for predicting next 10 years........
Among the competition for GOOG......I see YHOO as the biggest FORCE to COMPETE with....WHY.....another good question........
YHOO 10 years ago was the biggest & only thing in search arena........total domination in famous "page views as reported by business MEDIA".......
YHOO got very comfortable with its LEAD & DOMINANCE...& sat on its LAURELS.........like INTC, DELL,MSFT & SUNW.........
YHOO got "a suckers PUNCH"from an upstart company named GOOG...which was HUNGRIER & hellbent on improving everything about SEARCH........
So GOOG ate YHOO lunch for 3 straight years...........
NOW YHOO has looked @ itself in the last 12 months...and is trying DESPERATELY to catch UP to GOOG and is HUNGRY enough to even think...they can get AHEAD of the CURVE.......what an ORIGINAL IDEA........
YHOO has made some "serious changes in its thinking" which is listed below:
-YHOO has gotten rid of its CEO Terry Semel...who could NOT react "fast enough to make changes".
-Jerry Yang who co-founded YHOO in April 1995......only 12 years ago is the new CEO.
- Susan Decker the brilliant CFO is promoted to the post of President.
- Panama the new search OPTIMIZER is taking hold.
-YHOO 40% stake in ALIBABA in China is working out pretty good and will be a "bonanza to its bottom line when it goes PUBLIC shortly"
-Most of the personnel has been shuffled out in senior management fro CTO to Sales chief.
-Jerry & Susan has completed many "strategic acquisitions without overpaying"
-Inspite of all the TURMOIL in YHOO in the last 12 months.....YHOO was growing its Sales...this fiscal year 12/07 it is expected to GROW @ an healthy clip of 13.8% to $5.19 billion from $4.56 billion an INCREASE of $630 million.....no chump change in my opinion.
-Next year 12/08 YHOO is expected to GROW its sales further by 18.5% to $6.15 billion a whopping increase of $960 million .........
-EPS for 12/08 is expected to show a GROWTH of 34.6% to 66 cents from 49 cents in 12/07.
- YHOO will beat projected EPS of 66 cents handily in its turnaround fiscal year of 12/08.
- There is TOO MUCH YHOO bashing going ON & sentiment is very NEGATIVE......which is a very big CONTRARY indicator in my investing world...never has failed ME.
-I am expecting a very "constructive CC on tuesday AH..... 17th july...when YHOO will articulate their GAME PLAN"
All in all....... YHOO will be the BIGGEST turnaround story for 2008 Q after Q...& I am onboard for the RIDE UP $$$$$$
Please do your OWN due diligence...as I own YHOO for my portfolio.
Good luck for next week trades.
Next post 11AM monday est.
BLOG does not give buy or sell.
Saleem
Much has been written about how GOOG going to capture the search market as much as 90% in 10 years.........
In 10 years ???????..........technology for any & everything is OBSOLETE in 10 years.....WHY ...great question..........
10 years ago DELL direct sales of PC....was hailed as "stroke of genius"......now it is selling PC through WMT........
10 years ago MSFT was invincible...with hoopla of WIN 95......now MSFT had to branch out from gaming to.....SEARCH and still "slow growth even with mandated operating system of VISTA"
10 years ago SUNW & INTC were the ultimate "stocks to go to"......now SUNW is a "struggling $5 stock"
I do not know where GOOG will be in 10 years...but it will surely be another company...trying to "grow in a very competitive space"
The competition for GOOG will come from many companies " trying their damndest to STEAL market share from GOOG..... which did not EXIST 10 years ago"......so much for predicting next 10 years........
Among the competition for GOOG......I see YHOO as the biggest FORCE to COMPETE with....WHY.....another good question........
YHOO 10 years ago was the biggest & only thing in search arena........total domination in famous "page views as reported by business MEDIA".......
YHOO got very comfortable with its LEAD & DOMINANCE...& sat on its LAURELS.........like INTC, DELL,MSFT & SUNW.........
YHOO got "a suckers PUNCH"from an upstart company named GOOG...which was HUNGRIER & hellbent on improving everything about SEARCH........
So GOOG ate YHOO lunch for 3 straight years...........
NOW YHOO has looked @ itself in the last 12 months...and is trying DESPERATELY to catch UP to GOOG and is HUNGRY enough to even think...they can get AHEAD of the CURVE.......what an ORIGINAL IDEA........
YHOO has made some "serious changes in its thinking" which is listed below:
-YHOO has gotten rid of its CEO Terry Semel...who could NOT react "fast enough to make changes".
-Jerry Yang who co-founded YHOO in April 1995......only 12 years ago is the new CEO.
- Susan Decker the brilliant CFO is promoted to the post of President.
- Panama the new search OPTIMIZER is taking hold.
-YHOO 40% stake in ALIBABA in China is working out pretty good and will be a "bonanza to its bottom line when it goes PUBLIC shortly"
-Most of the personnel has been shuffled out in senior management fro CTO to Sales chief.
-Jerry & Susan has completed many "strategic acquisitions without overpaying"
-Inspite of all the TURMOIL in YHOO in the last 12 months.....YHOO was growing its Sales...this fiscal year 12/07 it is expected to GROW @ an healthy clip of 13.8% to $5.19 billion from $4.56 billion an INCREASE of $630 million.....no chump change in my opinion.
-Next year 12/08 YHOO is expected to GROW its sales further by 18.5% to $6.15 billion a whopping increase of $960 million .........
-EPS for 12/08 is expected to show a GROWTH of 34.6% to 66 cents from 49 cents in 12/07.
- YHOO will beat projected EPS of 66 cents handily in its turnaround fiscal year of 12/08.
- There is TOO MUCH YHOO bashing going ON & sentiment is very NEGATIVE......which is a very big CONTRARY indicator in my investing world...never has failed ME.
-I am expecting a very "constructive CC on tuesday AH..... 17th july...when YHOO will articulate their GAME PLAN"
All in all....... YHOO will be the BIGGEST turnaround story for 2008 Q after Q...& I am onboard for the RIDE UP $$$$$$
Please do your OWN due diligence...as I own YHOO for my portfolio.
Good luck for next week trades.
Next post 11AM monday est.
BLOG does not give buy or sell.
Saleem
Saturday, July 14, 2007
Momentum Stocks for this raging BULL market !!!!!!
The following stocks are showing momentum.Please use tight stop as prices can swing in both direction based on rumour,market conditions etc.
RIMM,SNDA,NCTY,CMED,STP,TSL,FSLR,AAPL,GOOG,GRMN,BIDU,
LRCX,
ICE,NYX,NMX,FMCN,CTRP,SNDK,MA,CSCO,INTC,SWIR,NVTL,CIEN,
NVDA,
LVS,WYNN.
Good luck on your due diligence in a DIVERSIFIED mode.
BLOG does not give buy or sell.
I will be posting FA on some of my portfolio on sunday by 10AM est.
Saleem
RIMM,SNDA,NCTY,CMED,STP,TSL,FSLR,AAPL,GOOG,GRMN,BIDU,
LRCX,
ICE,NYX,NMX,FMCN,CTRP,SNDK,MA,CSCO,INTC,SWIR,NVTL,CIEN,
NVDA,
LVS,WYNN.
Good luck on your due diligence in a DIVERSIFIED mode.
BLOG does not give buy or sell.
I will be posting FA on some of my portfolio on sunday by 10AM est.
Saleem
Technically STRONG stocks for this raging BULL market !!!!
These stocks are strong based on various technical formations.Please do FA on these for your decision making.Technicians cannot predict future events which may affect stock prices.
NYSE
JBL,BEE,THK,WR,MRK,BHI,EWM,MMR,IAG,NU,IAI,STP,ENR,
MIL,MU,GPM,AMD,CMI,ABI,RYI,PVX,IRF.
Nasdaq
NTAP,TWTC,VNDA,PAET,BRCM,PMCS,ONNN,ADCT,LRCX,
PLCM,HLTH,RYAAY,CHCG,OGZPY,EROC,TRAD,SWKS,
DAKT,STEC,IIIN,PAYX,NSTK,ALNY,DXCM,LTXX,WMMVF.
TSX (Toronto Stock Exchange)
WTO,WNP,CYT,PLB,ANS,CLU,UEX,OPC,NTB,XSP,CP,TCM,
LAM,MAG,CWF.
Please do your OWN due diligence.
BLOG does not give buy or sell.
Saleem
NYSE
JBL,BEE,THK,WR,MRK,BHI,EWM,MMR,IAG,NU,IAI,STP,ENR,
MIL,MU,GPM,AMD,CMI,ABI,RYI,PVX,IRF.
Nasdaq
NTAP,TWTC,VNDA,PAET,BRCM,PMCS,ONNN,ADCT,LRCX,
PLCM,HLTH,RYAAY,CHCG,OGZPY,EROC,TRAD,SWKS,
DAKT,STEC,IIIN,PAYX,NSTK,ALNY,DXCM,LTXX,WMMVF.
TSX (Toronto Stock Exchange)
WTO,WNP,CYT,PLB,ANS,CLU,UEX,OPC,NTB,XSP,CP,TCM,
LAM,MAG,CWF.
Please do your OWN due diligence.
BLOG does not give buy or sell.
Saleem
Friday, July 13, 2007
Records GALORE on Wall Street $$$$$
Money is falling from "heaven"........make sure you are positioned to grab some $$$$$
DOW,S&P all time HIGH....and Nasdaq new 52 week HIGH.......
Nice follow UP to yesterday's strong FINISH......
RIMM is taking a "BOW" from all scared shorts.....they are being "burnt badly"...Too much focus was given to AAPL....and everybody IGNORED RIMM'S dominance worlwide...and ASSUMED that iphone in one country with one carrier will spell "disaster for RIMM"......how SIMPLISTIC was this media conclusion.......
RIMM is "answering all the small talk with a $12+ jump into new all time HIGH to close @ $227.52"......PRICE speaks LOUDER than RARA 24/7 for something ...which is not even in the same arena...RIMM is a business solution worldwide...none has even come close ...which includes MSFT,PALM,NOK,ERIC,SAMSUNG,LG,MOT...to name only FEW...and they ALL have failed miserably......do you ever WONDER WHY ??????
Nice to hear that Warren Buffet got excited about home builder TODAY...his pic HOV....I beat him by a day in buying TOL yesterday which is "cream of the CROP"the LUXURY home builder.....not bad for an aging investor/trader........
CMED continued its bull run into new 52 week HIGH.....on million+ volume UP $1.41.....
TOL was UP 96 cents......
SNDA UP 48 cents.....
My new purchase ESLR was UP 41 cents...dont laugh that is UP 4.12%..closed @ $10.36.....
YHOO as expected was down 38 cents..reports on tuesday AH......FDRY yawned and gave UP 21 cents......
BIDU continued its RUNUP into neverland UP $6.64.....
TSL jumped $4.22 to an alltime HIGH......
Casino stocks were strong LVS,MPEL,WYNN,IGT....were UP.
XING was strong......
GOOG was UP $6.83......
Next post @ 10AM est on saturday...when I will post list of technically STRONG stocks $$$$
BLOG does not give buy or sell.
Saleem
DOW,S&P all time HIGH....and Nasdaq new 52 week HIGH.......
Nice follow UP to yesterday's strong FINISH......
RIMM is taking a "BOW" from all scared shorts.....they are being "burnt badly"...Too much focus was given to AAPL....and everybody IGNORED RIMM'S dominance worlwide...and ASSUMED that iphone in one country with one carrier will spell "disaster for RIMM"......how SIMPLISTIC was this media conclusion.......
RIMM is "answering all the small talk with a $12+ jump into new all time HIGH to close @ $227.52"......PRICE speaks LOUDER than RARA 24/7 for something ...which is not even in the same arena...RIMM is a business solution worldwide...none has even come close ...which includes MSFT,PALM,NOK,ERIC,SAMSUNG,LG,MOT...to name only FEW...and they ALL have failed miserably......do you ever WONDER WHY ??????
Nice to hear that Warren Buffet got excited about home builder TODAY...his pic HOV....I beat him by a day in buying TOL yesterday which is "cream of the CROP"the LUXURY home builder.....not bad for an aging investor/trader........
CMED continued its bull run into new 52 week HIGH.....on million+ volume UP $1.41.....
TOL was UP 96 cents......
SNDA UP 48 cents.....
My new purchase ESLR was UP 41 cents...dont laugh that is UP 4.12%..closed @ $10.36.....
YHOO as expected was down 38 cents..reports on tuesday AH......FDRY yawned and gave UP 21 cents......
BIDU continued its RUNUP into neverland UP $6.64.....
TSL jumped $4.22 to an alltime HIGH......
Casino stocks were strong LVS,MPEL,WYNN,IGT....were UP.
XING was strong......
GOOG was UP $6.83......
Next post @ 10AM est on saturday...when I will post list of technically STRONG stocks $$$$
BLOG does not give buy or sell.
Saleem
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