Markets are on a roll this AM...thanks to mini oversold conditions,start of Q3,strong ISM data,strong sales of iphone and outstanding earning report from RIMM.
Nasdaq & techs are stronger than general markets...which is "a good thing".
I added 60% more to my existing position in SNDK as CIBC downgraded on valuation call ..based on $50 price target.......missed the absolute low price of $48.01 by 11 cents.
RIMM is on the "move again" UP $9+.......based on its CC...this is a keeper...or else you will MISS the biggest move in this "new darling of wall street"...only 3 analyst have upgraded this stock.....12 more to follow...I think $$$$$
STP is trading in new "higher channel" Up $1.01 cents...looking "very good"....
FDRY has started its move UP towards breakout point...UP 48 cents....
SNDA went into 52 week new HIGH...UP 82 cents.....
Some of the other stocks which are strong are @11.17AM est:
GOOG,BIDU,NVDA,IGT,WFR,GRMN,FSLR,TSL,SOHU,NTES(new search engine & $120 million buyback),NTRI,MR,LRCX,CIEN,JNPR,BRCM........
Disaster of the day is FMCN......delaying filing of annual report...due to Audit Committee internal investigation.....on potential conflict of interest ??????
Stay in the stocks that are in new 52 week high list...as they are benefitting the most on UP days......
Please do your own due diligence & stay DIVERSIFIED !!!!!
BLOG does not give buy or sell.................
Next post @7PM est.
Good luck on today's trading $$$$$
Saleem
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