Markets are "struggling with sudden increase in bond yield to 5.10%...on tuesday it dipped below 5%...........
BX paid a"huge premium" for Hilton buyout...ebitda of 16 vs norm of 11-12........
All hotels are inplay...some more than others...so DD will come in handy !!!!
In my portfolio RIMM hit new all time HIGHS....as RIMM is ready to do the "crackberry addiction"....Chinese love addiction for many things..like gambling,online games,stocks,houses....and now RIMM'S new offering...goes on sale next month.
As we all know that China is a HUGE market...no matter what you are selling......RIMM'S blackberry is a "premium name & lifestyle product"......so it will soar in sales with its cache.....it is like buying BMW of "ultimate serious business symbol"
As I have said many times RIMM is NOT a trade...it is a keeper $$$$$$
RIMM is coming out of a very strong "blowout earnings & guidance"...so it is a losing proposition to time/trade this stock........so I think $$$$.....yes RIMM is "mildly overbought....but it has a long way to go UP in next 12 months".
Lot of nervous investors/traders are selling into these record levels already...which will CLEAR the way for "further Up move for RIMM".......$$$$
My condolence to fast money crowd...who were unanimous in their recommendation to take profit(code word SHORT NOW & buyback @ $180 area)...it is SAD that investors/traders do not do their OWN homework........
FDRY,SNDA are green...STP,SNDK,YHOO showing "red for now".....
AAPL & GOOG are in record HIGHS.......
Other strong stocks are:
FMCN,JSDA,NTES,CTRP,WYNN,LVS,TSL,SNE,WYN,BIDU(Najarian strong sell).
Good luck on rest of the day....
Next update @ 7pm est.
BLOG does not give buy or sell.
Saleem
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