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
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