Extremely sorry for this delayed report.....Got a brand new HP Pavilion....with all the gadgetry available.....including TV.......
Took me 3.5 hours to get everything going ......Still lots to do but @ least I am operational !!!
I am writing this @10.30 PM.....missed my two favourite program Cramer & Fast money....so cannot use there latest pronouncement.......
It was a pretty solid day for markets considering that bond yield shot UP to 5.14%....
Nasdaq was the strongest of all indices UP .44%.......
It is going to be TECHS that will lead this market.....
RIMM gave an extraordinary performance by jumping $8+.........
I personally think that lot of traders & investors were encouraged to SHORT RIMM before earning as per Cramer & Fast money pundits.......even after earning report..they were encouraged to SHORT again......as they proclaimed that every single cent was priced in....
Now that RIMM continue to move UP...most SHORTS are trapped since $160 to $170.......not a good situation when RIMM closed today @ $216+......
So expect continued short covering @ these levels.......and RIMM will move further UP.......
Tommorrow's job report will be a non-event...as markets want to go HIGHER.......
AAPL also gave a stunning performance alongwith GOOG by marching to new highs $$$$
All strong stocks are contnuing to move higher...beyond anybody's expectations...a sign of solid BULL market.....
My portfolio did pretty good except for STP & YHOO which declined slightly.....
GRMN continues to do well.....
All Hotels were flying.....good sign of ongoing BULL......
Please continue your OWN due diligence...as these pundits are only TREND follower and are generally late in discovering good stocks......
Please stay diversified.......
BLOG does not give buy or sell.
Next post PROMPTLY @ 11AM....
Again my apology for being out of commissioned for almost 4 hours.....
Saleem
No comments:
Post a Comment