Wednesday, July 11, 2007

Markets on "track AGAIN".........

Markets as expected opened weak and found its traction...sign of a BULL markets.....

Sharp & swift correction is to be expected.......

Did some old-fashioned trading.....locked profit in SNDK as it is facing resistance above $52+

Planning on re-entry before ER on SNDK......its future is looking very good.......

Bought CMED which has been basing nicely for over 3 weeks...it was rangebound between $31 to $33...paid $31.42......

Also added RIMM to my existing position.......as it is trying to find support around $208.83 area.......RIMM is HIGHER NOW $$$$

STP is strong and it took its 52 week HIGH of $40.75...went to $41.19.....now settling back...last $41.01.......

FDRY SNDA small green so far.......

YHOO in small RED.....

Other strong stocks are :

SNDK,FMCN,SIRF,ICE,TZOO,WYNN,NMX,GRMN,NYX ( upgraded by Lehman target $97),
HOKU,AAPL......

Good luck on today's trade.......

Strong stocks are flying $$$$$$

Next post around 7PM est.

BLOG does not give buy or sell.

Saleem

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