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
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