First time in a long time that ...there is more new 52 wk HIGHS on both NYSE & Nasdaq......
Technical improvement is very evident NOW......
Advancers were leaders both in volume & stocks .......
Nasdaq showed the most strength of all green indices.....
RIMM closed @ a new all-time HIGH $85.41 $$$$$
NVT UP $1.46....
SNDK UP $1.40.....
VMW was also green two days in a row UP 43 Cents.....
BIDU,AAPL,GRMN...getting so close to their alltime highs.......
Sat @ 10 AM I will post technically strong/weak & momentum stock list...
Now this weekend will be a RELAXING one for most investors who had the right stocks or were on the right side of the market.......
BLOG does not give buy or sell.
Saleem
Friday, August 31, 2007
BB say's...Help is on the way...markets FIRM !!!!!!
Ben Bernanke is giving many helping hand to wall street.....
Feds realize the "enormity of reaction to sub-prime issues"...
Sub-prime is a small problem...but it is having major impact GLOBALLY"
White House is also giving a helping hand by "assisting with mortgages in default and those coming for renewal"....
In my portfolio RIMM went to new 52 week HIGH of $85.87 this AM..now UP $2.26.....
NVT continued its strength for third day in a row UP another $1.22.....
SNDK is UP 58 Cents...after releasing new 8 gig Flash memory Card for cell phones......
VMW I added 12% more this AM...is UP 46 Cents......
Among other stocks which I monitor are showing GREEN @ 11.15 are:
BIDU,AAPL,STP,ICE,GOOG,CTRP,VLO,GRMN,NVDA,INFY,MR,WFR,
HPQ,MA.
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Feds realize the "enormity of reaction to sub-prime issues"...
Sub-prime is a small problem...but it is having major impact GLOBALLY"
White House is also giving a helping hand by "assisting with mortgages in default and those coming for renewal"....
In my portfolio RIMM went to new 52 week HIGH of $85.87 this AM..now UP $2.26.....
NVT continued its strength for third day in a row UP another $1.22.....
SNDK is UP 58 Cents...after releasing new 8 gig Flash memory Card for cell phones......
VMW I added 12% more this AM...is UP 46 Cents......
Among other stocks which I monitor are showing GREEN @ 11.15 are:
BIDU,AAPL,STP,ICE,GOOG,CTRP,VLO,GRMN,NVDA,INFY,MR,WFR,
HPQ,MA.
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Thursday, August 30, 2007
Nasdaq Moved Ahead of BB by closing GREEN $$$
Nasdaq is getting ready for serious UP move......
Nasdaq is staying ahead of curve by leapfrogging into GREEN ahead of BB speech on friday.....
BB moves are well documented by their recent statement ..when they CUT the discount rates !!!
All this YO YO game playing is by MM & Hedge Funds to wipe out all scared & WEARY small investors......are they succeeding...of course they are as selling is very pronounced on most days...
You can BEAT Hedge Funds & MM by doing the opposite..when they sell you buy...when they buy you sell.....locking profit is NEVER a bad idea......
Technology is gaining momentum as is evidenced by charts of strong stocks.......
RIMM went to "new all time HIGH today @ $85.....beating old high of $84.10"......
RIMM was part of rumour mill today that MSFT is going for takeover of RIMM.....if there is any truth to it...they will issue some statement by monday......
RIMM will get a "hefty premium to its stock price if it is going to materialize"...time will tell $$$
RIMM closed UP $1.05..target @ www.stockcharts.com is $129...nice $$$$
NVT is racing fast & furious in the last 2 trading day UP $1.67......Target increased by www.stockcharts.com to $71......
SNDK also moved UP $1.12.....
Last but not the least VMW finally closed in GREEN ..Up 26 Cents after digesting its recent GAINS.....
What else move UP today which I monitor...they are:
AAPL on ipod revision,icar speculation.....
BRCM,DELL(good ER),IGT(new product cycle),TZOO(oversold),NMX(old takeover talks),
GRMN(getting close to new HIGH),FSLR(best performing solar stock),TSL(recovering from oversold),WFR(silicon wafer supplier to all solar stock),JASO(good solar stock on rebound).
Good luck on BB statement & friday trades !!!
BLOG does not give buy or sell.
Saleem
Nasdaq is staying ahead of curve by leapfrogging into GREEN ahead of BB speech on friday.....
BB moves are well documented by their recent statement ..when they CUT the discount rates !!!
All this YO YO game playing is by MM & Hedge Funds to wipe out all scared & WEARY small investors......are they succeeding...of course they are as selling is very pronounced on most days...
You can BEAT Hedge Funds & MM by doing the opposite..when they sell you buy...when they buy you sell.....locking profit is NEVER a bad idea......
Technology is gaining momentum as is evidenced by charts of strong stocks.......
RIMM went to "new all time HIGH today @ $85.....beating old high of $84.10"......
RIMM was part of rumour mill today that MSFT is going for takeover of RIMM.....if there is any truth to it...they will issue some statement by monday......
RIMM will get a "hefty premium to its stock price if it is going to materialize"...time will tell $$$
RIMM closed UP $1.05..target @ www.stockcharts.com is $129...nice $$$$
NVT is racing fast & furious in the last 2 trading day UP $1.67......Target increased by www.stockcharts.com to $71......
SNDK also moved UP $1.12.....
Last but not the least VMW finally closed in GREEN ..Up 26 Cents after digesting its recent GAINS.....
What else move UP today which I monitor...they are:
AAPL on ipod revision,icar speculation.....
BRCM,DELL(good ER),IGT(new product cycle),TZOO(oversold),NMX(old takeover talks),
GRMN(getting close to new HIGH),FSLR(best performing solar stock),TSL(recovering from oversold),WFR(silicon wafer supplier to all solar stock),JASO(good solar stock on rebound).
Good luck on BB statement & friday trades !!!
BLOG does not give buy or sell.
Saleem
Nasdaq in a follow thru mode $$$$
Markets are fighting lot of cross-current this morning AGAIN !!!!!
Nasdaq is giving a SNUB to non-issue of sub-prime...by moving UP again...
Nasdaq is the place to be in this recovering market.......
RIMM is higher than "breakout of $83.10"
There is a "rumour swirling that RIMM will be taken over"....as reported by reuters @ 11.57 AM.
NVT & SNDK are strong again today......
VMW just went RED.......
Among other stocks which I monitor are GREEN are listed:
AAPL,BRCM,JNPR,AMAT,ICE,IGT,RVBD,GRMN,FSLR,TSL,
JASO.
Please do your own due diligence and be comfortable with your position.
BLOG does not give buy or sell.
Saleem
Nasdaq is giving a SNUB to non-issue of sub-prime...by moving UP again...
Nasdaq is the place to be in this recovering market.......
RIMM is higher than "breakout of $83.10"
There is a "rumour swirling that RIMM will be taken over"....as reported by reuters @ 11.57 AM.
NVT & SNDK are strong again today......
VMW just went RED.......
Among other stocks which I monitor are GREEN are listed:
AAPL,BRCM,JNPR,AMAT,ICE,IGT,RVBD,GRMN,FSLR,TSL,
JASO.
Please do your own due diligence and be comfortable with your position.
BLOG does not give buy or sell.
Saleem
Wednesday, August 29, 2007
Markets UP across the board $$$$$
Markets are UP in all indices........Nasdaq was the leader today !!!!!
Tape is almost the opposite of yesterday......all on no news !!!!
All this jitteriness is to shake weak hands........
In my portfolio :
RIMM Up $4.62...getting ready to breakout...once it cross $83 .10...according to www.stockconsultant.com... then it is off to the new highs above $84.10...target by this outfit almost $92.......
SNDK was UP $1.51
NVT was UP $1.68
VMW was my dog of the day DOWN $1.58.....
Overall a pretty good day for me......
My $$$ weighting on each stock is given below:
VMW 22.2%
NVT 19.4%
SNDK 18.4%
RIMM 40%
AAPL UP $7.26 ....new iphone update next week.....
BIDU UP $6.84.....regained half of its loss from yesterday....
GOOG UP $6.48....new rev from youtube....
ICE UP $4.72....recovering from recent slump.....
LVS UP $3.60..getting close to new high....
GRMN UP $4.58...$5 away from new high....
NVDA UP $2.63...close to new high....
Looks like ...we will have another follow thru in markets on thursday ..as we close near HIGHS of the day $$$$$$.
Good luck on thursday !!!!
BLOG does not give buy or sell.
Saleem
Tape is almost the opposite of yesterday......all on no news !!!!
All this jitteriness is to shake weak hands........
In my portfolio :
RIMM Up $4.62...getting ready to breakout...once it cross $83 .10...according to www.stockconsultant.com... then it is off to the new highs above $84.10...target by this outfit almost $92.......
SNDK was UP $1.51
NVT was UP $1.68
VMW was my dog of the day DOWN $1.58.....
Overall a pretty good day for me......
My $$$ weighting on each stock is given below:
VMW 22.2%
NVT 19.4%
SNDK 18.4%
RIMM 40%
AAPL UP $7.26 ....new iphone update next week.....
BIDU UP $6.84.....regained half of its loss from yesterday....
GOOG UP $6.48....new rev from youtube....
ICE UP $4.72....recovering from recent slump.....
LVS UP $3.60..getting close to new high....
GRMN UP $4.58...$5 away from new high....
NVDA UP $2.63...close to new high....
Looks like ...we will have another follow thru in markets on thursday ..as we close near HIGHS of the day $$$$$$.
Good luck on thursday !!!!
BLOG does not give buy or sell.
Saleem
Markets trying to erase yesterday's Loss !!!!
Markets as expected are very strong.....again on no news.
Bouncing from a severely oversold conditions....
Most stocks are participating in this rally except my VMW...taking rest on a major announcement of government contract....down 73 cents...go figure !!!
Good luck on this rally.
BLOG does not give buy or sell.
Saleem
Bouncing from a severely oversold conditions....
Most stocks are participating in this rally except my VMW...taking rest on a major announcement of government contract....down 73 cents...go figure !!!
Good luck on this rally.
BLOG does not give buy or sell.
Saleem
Tuesday, August 28, 2007
Fed gave a sucker punch to markets..down..down..down..
Markets were very "shaky waiting for minutes from fed meeting"...what dissappointed markets the most was the realization...that Fed was way behind the curve in dealing with sub-prime issue which is eating away....consumers confidence........
Fed did REACT after the minutes were written...by cutting the rate on discount window by 1/2%......previous friday.......
Markets are "pressuring feds to cut fed funds rate by 1/2% to regain the confidence of investors & consumers"...there is a very good chance that it will happen !!!!
Markets are very choppy but it is OVERSOLD now......so expect a REBOUND on wed ......
It is very "prudent to stay in strong stocks...because they will recover faster than 2nd or 3rd tier stocks"
Needham analyst gave a "buy" repeat to SNDK with $65 target today...so SNDK stayed green in this terrible tape.
Decline ratio & decline volume were extremely BEARISH....so was the new low list.....generally a sign before "snapback".....
Please continue doing your due diligence and find your own comfort level with exposure & stock selections.
BLOG does not give buy or sell.
Saleem
Fed did REACT after the minutes were written...by cutting the rate on discount window by 1/2%......previous friday.......
Markets are "pressuring feds to cut fed funds rate by 1/2% to regain the confidence of investors & consumers"...there is a very good chance that it will happen !!!!
Markets are very choppy but it is OVERSOLD now......so expect a REBOUND on wed ......
It is very "prudent to stay in strong stocks...because they will recover faster than 2nd or 3rd tier stocks"
Needham analyst gave a "buy" repeat to SNDK with $65 target today...so SNDK stayed green in this terrible tape.
Decline ratio & decline volume were extremely BEARISH....so was the new low list.....generally a sign before "snapback".....
Please continue doing your due diligence and find your own comfort level with exposure & stock selections.
BLOG does not give buy or sell.
Saleem
Markets DOWN..but waiting for fed minutes @ 2PM !!!
Markets continued its weakness ......first reason is consumer confidence is waning......
Markets are also waiting for feds to release its minutes @ 2 PM...till then markets are drifting further lower......
So what do I do when markets are falling......sell the weak stocks and buy more of what has shown strength lately.....
Sold STP @ loss and plunked the proceeds in VMW.......
Sold BX @ loss and put the proceeds in NVT.......
So my portfolio is highly concentrated in 4 stocks only and they are:
RIMM,VMW,NVT,SNDK.........
SNDK is green today because Oppenheimer had nice things to say...target $70 !!
Green stocks @ 11.25 AM are:
RVBD,TSL,QID.......
Hopefully..... fed minutes will give something positive for the markets !!!!!
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Markets are also waiting for feds to release its minutes @ 2 PM...till then markets are drifting further lower......
So what do I do when markets are falling......sell the weak stocks and buy more of what has shown strength lately.....
Sold STP @ loss and plunked the proceeds in VMW.......
Sold BX @ loss and put the proceeds in NVT.......
So my portfolio is highly concentrated in 4 stocks only and they are:
RIMM,VMW,NVT,SNDK.........
SNDK is green today because Oppenheimer had nice things to say...target $70 !!
Green stocks @ 11.25 AM are:
RVBD,TSL,QID.......
Hopefully..... fed minutes will give something positive for the markets !!!!!
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Markets closed WEAK !!!!
Apology for missing 7 PM post.....had a rare social get together @ a freiends place 80 miles away.
Markets closed WEAK..as it could not shake weak housing data.....
Markets will remain "choppy".....so buying on weak days and selling on strong days ..may not be a bad strategy.....
Futures are down this AM also...which gives investors/traders another chance to buy strong stocks.
In my portfolio NVT,VMW..continues to behave better than markets...which is a very good sign.
SNDK was the weakest stock in my portfolio...on no news...so it dragged my returns into minor negative.....
Markets breadth was very weak in NYSE & Nasdaq...decliners were leading advancers by more than 2 to 1....
CMED reported this AM BEATS in Sales & EPS.....EPS was 26 cents higher than consensus by 1 Cent.......
Missed Fast Money & Mad Money.....so do not know what was the thesis of that "illustrious group of DEEP thinkers"......
Hoping for a much better day today after a WEAK open.
Will post Around 11 AM as usual.
BLOG does not give buy or sell.
Saleem
Markets closed WEAK..as it could not shake weak housing data.....
Markets will remain "choppy".....so buying on weak days and selling on strong days ..may not be a bad strategy.....
Futures are down this AM also...which gives investors/traders another chance to buy strong stocks.
In my portfolio NVT,VMW..continues to behave better than markets...which is a very good sign.
SNDK was the weakest stock in my portfolio...on no news...so it dragged my returns into minor negative.....
Markets breadth was very weak in NYSE & Nasdaq...decliners were leading advancers by more than 2 to 1....
CMED reported this AM BEATS in Sales & EPS.....EPS was 26 cents higher than consensus by 1 Cent.......
Missed Fast Money & Mad Money.....so do not know what was the thesis of that "illustrious group of DEEP thinkers"......
Hoping for a much better day today after a WEAK open.
Will post Around 11 AM as usual.
BLOG does not give buy or sell.
Saleem
Monday, August 27, 2007
Markets weighed down by WEAK housing data !!!!
Markets are weak in the first 90 minutes of trading.....due to WEAK housing data.....this is NOT a surprise @ all......but markets after closing strong on friday...taking the time to "digest" latest housing read......
Hopefully by closing time...we will be counting some GREENS.......
I increased my position in VMW by almost 38% ...by buying @ open.....my cost on VMW now is UP to $68.64 per share.......I am already making money on today's purchase.......VMW is UP $1.65......
NVT is UP $1.37.
STP down 42 Cents.
SNDK down $1.68
BX down 62 Cents
RIMM down 94 Cents
Other stocks which are GREEN @ 11.13 AM includes:
BIDU,CMED(reports tuesday before OPEN),MPEL,CTRP,SOHU,SNDA(reports after close Tuesday),NDAQ,NTRI,NVDA.
Good luck on the rest of the day.
BLOG does not give buy or sell.
Saleem
Hopefully by closing time...we will be counting some GREENS.......
I increased my position in VMW by almost 38% ...by buying @ open.....my cost on VMW now is UP to $68.64 per share.......I am already making money on today's purchase.......VMW is UP $1.65......
NVT is UP $1.37.
STP down 42 Cents.
SNDK down $1.68
BX down 62 Cents
RIMM down 94 Cents
Other stocks which are GREEN @ 11.13 AM includes:
BIDU,CMED(reports tuesday before OPEN),MPEL,CTRP,SOHU,SNDA(reports after close Tuesday),NDAQ,NTRI,NVDA.
Good luck on the rest of the day.
BLOG does not give buy or sell.
Saleem
Saturday, August 25, 2007
Momentum stocks for newly born BULL market !!!!
The following stocks are showing momentum in this fed blessed rally.Please use close stop.
VMW,RIMM,GRMN,BIDU,AAPL,WYNN,WYN,DELL,JNPR,HPQ,
GOOG,CTRP,NVT,LVS,VLO,FSLR,CROX,UA,ICE,LRCX,NVDA,
MR,WFR.
Markets are coming back with confidence based on fed moves.Please do your own due diligence.
Next post 11AM monday.
BLOG does not give buy or sell.
Have a "relaxing" weekend.
Saleem
VMW,RIMM,GRMN,BIDU,AAPL,WYNN,WYN,DELL,JNPR,HPQ,
GOOG,CTRP,NVT,LVS,VLO,FSLR,CROX,UA,ICE,LRCX,NVDA,
MR,WFR.
Markets are coming back with confidence based on fed moves.Please do your own due diligence.
Next post 11AM monday.
BLOG does not give buy or sell.
Have a "relaxing" weekend.
Saleem
Technically WEAK stocks for newly born BULL market !!!!
The following stocks are showing weakness based on various technical formations.Please do FA also.
BRCM,ABFS,ARXT,OPLK,TTM,CBSS,CTSH,DOX.
TSX (Toronto)
FCP,CMT,TL.
BLOG does not give buy or sell.
Saleem
BRCM,ABFS,ARXT,OPLK,TTM,CBSS,CTSH,DOX.
TSX (Toronto)
FCP,CMT,TL.
BLOG does not give buy or sell.
Saleem
Technically Strong stocks for newly born BULL market !!!!
The following stocks are showing various formations that technically qualifies for strong stocks.....sometimes technicals takes a long time to qualify for strength.....as is evident with this small list...as stocks are starting to trend UP....please do FA also.
ATVI,BHI,DNDN,HK,APKT,HLTH,PMTC.
TSX ( Toronto)
CAS,ANO,ELD,STE,CAT,PJC.A,SAP & WES.
BLOG does not give buy or sell.
Saleem
ATVI,BHI,DNDN,HK,APKT,HLTH,PMTC.
TSX ( Toronto)
CAS,ANO,ELD,STE,CAT,PJC.A,SAP & WES.
BLOG does not give buy or sell.
Saleem
Friday, August 24, 2007
Markets super strong....thanks to Feds $$$$
Fed single-handedly brought markets to a confident state in ONE week......
When Fed "acts markets Listens".......
But If you listened to Fast Money on thursday show......."three non-genius Najarian,Adami & Macke were UNANIMOUS in saying that we will RETEST the bottom"......I do not know whose bottom they are looking @ to retest.......enough said.....
Jimmy the Cramer changed his tune AGAIN on RIMM today...now he is claiming that RIMM is going to $100......did he invent Yo Yo........
Today I sold CMED @ $33...just wanted to lock $3 point GAIN.....Now I am positive on all my CMED trades.....a MAJOR turnaround....it became an investment challenge $$$$
Bought back BX @ $24.47...was down on news of Senate changing tax policy which will triple tax expenses for Blackstone.....a buying opportunity...It was an IPO @ $31 and went to $38.....
All my stocks were strong except STP which was UP 8 pesos......
Next week markets will follow today's pattern.......
I will post Saturday by 10AM list of technically strong /weak & momentum stocks...
Please do your own due diligence...as we are heading into strong cycle for technology stocks...
BLOG does not give buy or sell.
Saleem
When Fed "acts markets Listens".......
But If you listened to Fast Money on thursday show......."three non-genius Najarian,Adami & Macke were UNANIMOUS in saying that we will RETEST the bottom"......I do not know whose bottom they are looking @ to retest.......enough said.....
Jimmy the Cramer changed his tune AGAIN on RIMM today...now he is claiming that RIMM is going to $100......did he invent Yo Yo........
Today I sold CMED @ $33...just wanted to lock $3 point GAIN.....Now I am positive on all my CMED trades.....a MAJOR turnaround....it became an investment challenge $$$$
Bought back BX @ $24.47...was down on news of Senate changing tax policy which will triple tax expenses for Blackstone.....a buying opportunity...It was an IPO @ $31 and went to $38.....
All my stocks were strong except STP which was UP 8 pesos......
Next week markets will follow today's pattern.......
I will post Saturday by 10AM list of technically strong /weak & momentum stocks...
Please do your own due diligence...as we are heading into strong cycle for technology stocks...
BLOG does not give buy or sell.
Saleem
Markets showing "GREEN CARD" $$$$$$$
Markets were waiting for economic news....which were strong as a whole....July factory orders were most encouraging...as it is not showing any impact of wall street blues......
Housing were better than 50% reduced expectations from a year ago.....expect a serious downturn in Aug,Sep & Oct numbers......which will get Fed blessing in rate cut.
RIMM got a "dont buy now...let it come in call yesterday from all knowing Jimmy the Cramer"...but but but......RIMM is GREEN 26 Cents......enough said !!!!!
My VMW is UP $1.69......Jimmy the Cramer also said it to sell @ $51.....as his target was $40..trading @ $71.89 11.05 AM......
NVT is also UP 66 Cents
CMED is UP 13 cents..reports Tue before open.......
STP is down 72 cents....
SNDK down 22 cents....
All I can say that doing your OWN DD gives you CONVICTION in good stocks.....do not look for CNBC pundits like Fast Money ,Mad Money.....they all talk LOUD with "no thought process & analytical skills left @ the DOOR of studio"
Other GREEN stocks which I monitor @ 11.14 are:
AAPL,BIDU,WYNN,WYN,VLO,LVS,VLO,SNDA,TTM.
Next time you want pay attention to Jimmy the Cramer...think of NYX...which he still insists is a great stock...and everybody got it WRONG except HIM.....and he is in 8 months of his stock of the year...another month and he will have a baby.......
Good luck on rest of this productive day $$$$$
BLOG does not give buy or sell.
Saleem
Housing were better than 50% reduced expectations from a year ago.....expect a serious downturn in Aug,Sep & Oct numbers......which will get Fed blessing in rate cut.
RIMM got a "dont buy now...let it come in call yesterday from all knowing Jimmy the Cramer"...but but but......RIMM is GREEN 26 Cents......enough said !!!!!
My VMW is UP $1.69......Jimmy the Cramer also said it to sell @ $51.....as his target was $40..trading @ $71.89 11.05 AM......
NVT is also UP 66 Cents
CMED is UP 13 cents..reports Tue before open.......
STP is down 72 cents....
SNDK down 22 cents....
All I can say that doing your OWN DD gives you CONVICTION in good stocks.....do not look for CNBC pundits like Fast Money ,Mad Money.....they all talk LOUD with "no thought process & analytical skills left @ the DOOR of studio"
Other GREEN stocks which I monitor @ 11.14 are:
AAPL,BIDU,WYNN,WYN,VLO,LVS,VLO,SNDA,TTM.
Next time you want pay attention to Jimmy the Cramer...think of NYX...which he still insists is a great stock...and everybody got it WRONG except HIM.....and he is in 8 months of his stock of the year...another month and he will have a baby.......
Good luck on rest of this productive day $$$$$
BLOG does not give buy or sell.
Saleem
Thursday, August 23, 2007
Dow took a nap...nasdaq closed WEAK......
Markets were playing Jeckyl & Hyde........Dow unchanged......Nasdaq closed WEAK.....
Nasdaq was WEAK because it had a "sharp RUNUP by leaders...so a giveback was in order"
Friday markets will close in GREEN......hopefully !!!!
I took profit in BX......because I was itching to buy more VMW...so allocated entire fund to more than doubling my position in VMW..my cost on VMW is $67.39.......
Why I am so HIGH on VMW......it reminded me of GOOG IPO... Sales & EPS has a similar line....also lot of traders gave UP on VMW in yesterday's selloff on very heavy volume.....
Today's volume of 4 million was less than half of selloff yesterday...which was 10 million...and we ended UP $3.35 on a WEAK Nasdaq.......It is telling me that little buying is driving this stock HIGHER in a HURRY......we will see how it plays out on friday $$$$$
Had a down day overall as STP,SNDK,NVT & RIMM were down......
Only VMW & CMED were GREEN.......plus BX.....will be waiting for another entry in BX.
MRVL ER was taken as less than desireable down $1.50 AH.....
Good luck on Friday !!!!
BLOG does not give buy or sell.
Saleem
Nasdaq was WEAK because it had a "sharp RUNUP by leaders...so a giveback was in order"
Friday markets will close in GREEN......hopefully !!!!
I took profit in BX......because I was itching to buy more VMW...so allocated entire fund to more than doubling my position in VMW..my cost on VMW is $67.39.......
Why I am so HIGH on VMW......it reminded me of GOOG IPO... Sales & EPS has a similar line....also lot of traders gave UP on VMW in yesterday's selloff on very heavy volume.....
Today's volume of 4 million was less than half of selloff yesterday...which was 10 million...and we ended UP $3.35 on a WEAK Nasdaq.......It is telling me that little buying is driving this stock HIGHER in a HURRY......we will see how it plays out on friday $$$$$
Had a down day overall as STP,SNDK,NVT & RIMM were down......
Only VMW & CMED were GREEN.......plus BX.....will be waiting for another entry in BX.
MRVL ER was taken as less than desireable down $1.50 AH.....
Good luck on Friday !!!!
BLOG does not give buy or sell.
Saleem
Markets marking time..to digest news & GAINS !!!!
Markets euphoria over BAC $2 Billion investment in CFC has faded...to deal with mini-overbought conditions.
I still expect markets to show "improving pattern by close...may be NO CIGAR"
I firmly believe that we have "overcome the hysteria of sub-prime & credit woes"
Why do I believe this......because Fed & Financial institutions are working on solving this crisis...
My suggestion ...keep doing your due diligence and find your comfort level with your stocks....means KNOW what you are "marrying TO"
Based on my due diligence I tip-toed today into VMW......
I have been doing lot of DD on VMW.....valuation I am never sure with any "new concept"
VMW is into virtualization software...means that they can RUN multiple operating system simultaneously...thus reducing the need for SERVERS.......they currently have 85% of market share...which is only 5% penetrated......
Some private companies are getting into this arena......but VMW is firmly entrenched.....
VMW sales 12/08 $1.89 Billion +47.6% YOY
EPS 12/08 92 cents +48.3% YOY
I will see how it will go......
I liked VMW tape today that it retraced about $9 to $65 @ its low...but it is staying GREEN @11.18 AM...which speaks VOLUME.....Nasdaq down 14....
So let us see what is green @ 11.20 AM.....
VMW,BX,ICE,NYX,VLO,SNE,IIJI,SOHU,NTES,HPQ.
Good luck for the rest of the day.
BLOG does not give buy or sell.
Saleem
I still expect markets to show "improving pattern by close...may be NO CIGAR"
I firmly believe that we have "overcome the hysteria of sub-prime & credit woes"
Why do I believe this......because Fed & Financial institutions are working on solving this crisis...
My suggestion ...keep doing your due diligence and find your comfort level with your stocks....means KNOW what you are "marrying TO"
Based on my due diligence I tip-toed today into VMW......
I have been doing lot of DD on VMW.....valuation I am never sure with any "new concept"
VMW is into virtualization software...means that they can RUN multiple operating system simultaneously...thus reducing the need for SERVERS.......they currently have 85% of market share...which is only 5% penetrated......
Some private companies are getting into this arena......but VMW is firmly entrenched.....
VMW sales 12/08 $1.89 Billion +47.6% YOY
EPS 12/08 92 cents +48.3% YOY
I will see how it will go......
I liked VMW tape today that it retraced about $9 to $65 @ its low...but it is staying GREEN @11.18 AM...which speaks VOLUME.....Nasdaq down 14....
So let us see what is green @ 11.20 AM.....
VMW,BX,ICE,NYX,VLO,SNE,IIJI,SOHU,NTES,HPQ.
Good luck for the rest of the day.
BLOG does not give buy or sell.
Saleem
Wednesday, August 22, 2007
GREEN close all over.....Markets on "bull RUN" $$$
Markets are very comfortable with the "change in investors psychology"...
AH BAC investing in CFC....Merrill had a sell with threat of bankruptcy.....
$2 billion will go a long way for CFC...UP $4 AH......
Markets should RUN UP BIG on thursday.......
My portfolio did very well although RIMM took an afternoon nap.....
BX was UP $1.43... 6.08%...and further UP AH......
Added MORE NVT during mid-day...Quadrupling my original position....extremely bullish on NVT.....they supply digital maps to GOOG,YHOO,GRMN.....almost monopolistic scenario & a "very desireable takeover target for GOOG,YHOO,GRMN & SNE".
NVT earnings are on the rise...Sales are rising.......every cell phone with GPS will have digital map,every portable unit has digital map....Plus Cars......
NVT sales 12/08 $936.09 million in Sales
NVT EPS 12/08 $1.94 +28.4% YOY
Extremely difficult to get into digital mapping business !!!!!
CMED & STP finally made a very strong move UP today...UP $1.81 & $1.48.....
NVT UP $1.09
SNDK UP 51 Cents...
VMW did a complete "reversal" and lost most of the gain.....technically a TOPPING action.....on 10 million share......
AAPL & BIDU looking very strong $$$$$
Good luck for Thursday !!!!
BLOG does not give buy or sell.
Saleem
AH BAC investing in CFC....Merrill had a sell with threat of bankruptcy.....
$2 billion will go a long way for CFC...UP $4 AH......
Markets should RUN UP BIG on thursday.......
My portfolio did very well although RIMM took an afternoon nap.....
BX was UP $1.43... 6.08%...and further UP AH......
Added MORE NVT during mid-day...Quadrupling my original position....extremely bullish on NVT.....they supply digital maps to GOOG,YHOO,GRMN.....almost monopolistic scenario & a "very desireable takeover target for GOOG,YHOO,GRMN & SNE".
NVT earnings are on the rise...Sales are rising.......every cell phone with GPS will have digital map,every portable unit has digital map....Plus Cars......
NVT sales 12/08 $936.09 million in Sales
NVT EPS 12/08 $1.94 +28.4% YOY
Extremely difficult to get into digital mapping business !!!!!
CMED & STP finally made a very strong move UP today...UP $1.81 & $1.48.....
NVT UP $1.09
SNDK UP 51 Cents...
VMW did a complete "reversal" and lost most of the gain.....technically a TOPPING action.....on 10 million share......
AAPL & BIDU looking very strong $$$$$
Good luck for Thursday !!!!
BLOG does not give buy or sell.
Saleem
Markets "on the road AGAIN... going NORTH" $$$$
What a difference a week makes.......
Markets are all UP strongly......
Investor & Trader confidence has returned .......
Strong stocks are running away......
In my portfolio RIMM is taking a well-deserved REST.....down 34 cents...RIMM investors got their split shares and some are getting "nervous & selling some to lock-in huge GAINS"...RIMM is going much much HIGHER as its business is booming in Europe & US..will have another great Q.....$$$$$
STP finally is showing some GREEN...UP $1.02 cents....
CMED is UP 96 cents......pre earning run may be underway....reports on tuesday before OPEN.
SNDK is UP 78 cents...I think it has rested enough.....
BX is UP 79 Cents.....the most "undervalued stock"........
I doubled my position in NVT @ open UP $1.07.......
Other stocks worth mentioning are:
VMW is flying AGAIN...as they have started trading OPTIONS today....this is trading on momentum....where there is NO LIMIT......
BIDU wants to go to new 52 wk HIGH...UP strongly $$$$$
AAPL is UP....
@11.22 AM these stocks are doing well :
FMCN,JNPR,ICE,GOOG,CTRP,WYNN,RVBD,LVS,
NMX(on takeover talk with many parties),NYX,GRMN,VLO,SOHU,INFY,MR,
MA,SNDA,NVTL,JASO.
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Markets are all UP strongly......
Investor & Trader confidence has returned .......
Strong stocks are running away......
In my portfolio RIMM is taking a well-deserved REST.....down 34 cents...RIMM investors got their split shares and some are getting "nervous & selling some to lock-in huge GAINS"...RIMM is going much much HIGHER as its business is booming in Europe & US..will have another great Q.....$$$$$
STP finally is showing some GREEN...UP $1.02 cents....
CMED is UP 96 cents......pre earning run may be underway....reports on tuesday before OPEN.
SNDK is UP 78 cents...I think it has rested enough.....
BX is UP 79 Cents.....the most "undervalued stock"........
I doubled my position in NVT @ open UP $1.07.......
Other stocks worth mentioning are:
VMW is flying AGAIN...as they have started trading OPTIONS today....this is trading on momentum....where there is NO LIMIT......
BIDU wants to go to new 52 wk HIGH...UP strongly $$$$$
AAPL is UP....
@11.22 AM these stocks are doing well :
FMCN,JNPR,ICE,GOOG,CTRP,WYNN,RVBD,LVS,
NMX(on takeover talk with many parties),NYX,GRMN,VLO,SOHU,INFY,MR,
MA,SNDA,NVTL,JASO.
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Tuesday, August 21, 2007
Nasdaq closed "green 3 day's in a row" $$$$
Nasdaq did a "hat trick by closing green again today".....
Again advancing volume & advancing stocks led a convincing lead over decliners on both count in all major indices......
Fed is staying very close to the financial markets by making changes on a daily basis......
Fed will ensure smooth transition from this sub-prime & credit mess......
Markets are building strength on a daily basis......
By this friday investors/traders will be much more confident about TAPE......
In my portfolio RIMM vaulted UP $3.26 in uncharted territory on double the volume...RIMM RSI is only 66 which is way below overbought area...so lots of room to go further UP.....
www.stockcharts.com increased RIMM target to $126 today...CMF entered GREEN today..so lot more buying to come as price is $82 vs previous $200++....so more investors will feel comfortable in buying RIMM......we are also witnessing PE expansion of high fliers as most are hitting close to new highs.......
Markets are just coming out of "deep oversold conditions".......
NVT was UP 78 Cents..further UP AH.....
CMED UP 76 Cents.....
BX UP 12 cents
STP down 1 Cent...
SNDK down 49 Cents....
VMW has gone to new highs UP $8.66...looks overbought to me trading @ PE of 78 next year(12/08) earnings & competition is coming.....
AAPL was strong on UBS comment....
BIDU close to 52 wk high.....
GOOG strong also......
GRMN close to 52 wk HIGH....
NVDA missed new 52 wk HIGH by 24 Cents....
Strength in strong stock is very healthy for techs........leaders are leading...a very good sign for markets.........
Good luck for wed......
BLOG does not give buy or sell.
Saleem
Again advancing volume & advancing stocks led a convincing lead over decliners on both count in all major indices......
Fed is staying very close to the financial markets by making changes on a daily basis......
Fed will ensure smooth transition from this sub-prime & credit mess......
Markets are building strength on a daily basis......
By this friday investors/traders will be much more confident about TAPE......
In my portfolio RIMM vaulted UP $3.26 in uncharted territory on double the volume...RIMM RSI is only 66 which is way below overbought area...so lots of room to go further UP.....
www.stockcharts.com increased RIMM target to $126 today...CMF entered GREEN today..so lot more buying to come as price is $82 vs previous $200++....so more investors will feel comfortable in buying RIMM......we are also witnessing PE expansion of high fliers as most are hitting close to new highs.......
Markets are just coming out of "deep oversold conditions".......
NVT was UP 78 Cents..further UP AH.....
CMED UP 76 Cents.....
BX UP 12 cents
STP down 1 Cent...
SNDK down 49 Cents....
VMW has gone to new highs UP $8.66...looks overbought to me trading @ PE of 78 next year(12/08) earnings & competition is coming.....
AAPL was strong on UBS comment....
BIDU close to 52 wk high.....
GOOG strong also......
GRMN close to 52 wk HIGH....
NVDA missed new 52 wk HIGH by 24 Cents....
Strength in strong stock is very healthy for techs........leaders are leading...a very good sign for markets.........
Good luck for wed......
BLOG does not give buy or sell.
Saleem
Markets trying to turn GREEN...no luck so far !!!!
Markets in the first 80 minutes are in red......
Markets are trying to "deal daily with negative credit related news".....and also keeping an eye on fed on its activities...they relaxed some rules & fees today..to help out !!!!
Mornings are generally going to be WEAK with strength around closing time...hopefully this pattern will happen today also.....so I hope !!!!
In my portfolio RIMM as usual is the strongest ...trading @ new all time high UP 70 CENTS so far .....after splitting 3 to 1 in US today.
CMED is UP 44 Cents.
STP as usual is down 25 Cents.
SNDK is the weakest one down 78 Cents.
BX my new add on from yesterday is UP 5 Cents....BX bought a majority stake in a textile company in India......BX have bought almost $1 billion worth of companies in India...one Internet,one outsourcing and now textile.....BX also is buying Hilton...and has a portfolio of companies all over the world...an aggressive version of Berkshire Hathaway........
Today @ open I bought NVT......Map provider to GRMN,YHOO,GOOG.....their business is booming worldwide and did BEAT in the last ER.....they are the only one left as its competition was acquired by Tom Tom.......there is speculation that either GRMN or GOOG may be interested in taking over.....paid $57...is UP 80 Cents....
Other GREEN stocks @ 11.09 AM are:
GOOG,AAPL (on UBS optimistic note about its business),VMW ( new high),GRMN(racing towards new high),BIDU (showing tremendous recovery & strength),WYNN,WYN,LVS,
NCTY,SNDA,EBAY,WFR,MA,MR.
Good luck for rest of the day.
BLOG does not give buy or sell.
Saleem
Markets are trying to "deal daily with negative credit related news".....and also keeping an eye on fed on its activities...they relaxed some rules & fees today..to help out !!!!
Mornings are generally going to be WEAK with strength around closing time...hopefully this pattern will happen today also.....so I hope !!!!
In my portfolio RIMM as usual is the strongest ...trading @ new all time high UP 70 CENTS so far .....after splitting 3 to 1 in US today.
CMED is UP 44 Cents.
STP as usual is down 25 Cents.
SNDK is the weakest one down 78 Cents.
BX my new add on from yesterday is UP 5 Cents....BX bought a majority stake in a textile company in India......BX have bought almost $1 billion worth of companies in India...one Internet,one outsourcing and now textile.....BX also is buying Hilton...and has a portfolio of companies all over the world...an aggressive version of Berkshire Hathaway........
Today @ open I bought NVT......Map provider to GRMN,YHOO,GOOG.....their business is booming worldwide and did BEAT in the last ER.....they are the only one left as its competition was acquired by Tom Tom.......there is speculation that either GRMN or GOOG may be interested in taking over.....paid $57...is UP 80 Cents....
Other GREEN stocks @ 11.09 AM are:
GOOG,AAPL (on UBS optimistic note about its business),VMW ( new high),GRMN(racing towards new high),BIDU (showing tremendous recovery & strength),WYNN,WYN,LVS,
NCTY,SNDA,EBAY,WFR,MA,MR.
Good luck for rest of the day.
BLOG does not give buy or sell.
Saleem
Monday, August 20, 2007
Dow & Nasdaq closed GREEN... back to back $$$$$
Dow & Nasdaq closed "green".....back to back......
Advancing stocks & volume were leading decliners on both count...a good sign for day TWO & counting $$$
RIMM was the star performer in my portfolio UP $15.47 to close @ an all-time HIGH.....RIMM'S business is booming and analyst are warming UP to this REALITY ...today Goldman increased the target to $295.........
SNDK was the second best performer..UP $1.01 on Bear Stearn's increased estimates for SNDK as Flash Memory prices are going UP as articulated by AAPL & now HPQ in their CC.
STP was UP an anaemic 23 cents ..while FSLR on upgrade & TSL were flying......
CMED was down 3 Cents....they have a presentation tommorrow..may provide some spark !!!
I bought BX today...which reported TRIPLING their earnings last monday..and has been beaten down with all Brokerages/Financials......I FIRMLY believe that @ $23.24 where I bought...there is very little downside......and TREMENDOUS upside...remember the IPO price was $31 & went to $38.....No they are not in mortgages or sub-prime or are in hedge fund business...they are publicly traded company which holds ownership in many many good companies..
BX is in a very fortunate position with CASH...and they want to buy any HIGH GRADE commercial paper @ throwaway prices.....
RSI on BX is @ 35....in deep OVERSOLD territory.......I always buy when everybody has given UP on Quality company either for sentiments or sector rotation...always AHEAD of the crowd with good earnings to support.
BIDU is behaving STRONG UP $11.04......
GRMN is strong UP $5.40......
VMW is also creeping UP to recent high of $61.49......UP $1.78 to $57.33......
If we make 3 GREEN in a row on tuesday.....it will BOOST confidence of investors in a big way $$$$
Please do your OWN due diligence and find your comfort level.
BLOG does not give buy or sell.
Saleem
Advancing stocks & volume were leading decliners on both count...a good sign for day TWO & counting $$$
RIMM was the star performer in my portfolio UP $15.47 to close @ an all-time HIGH.....RIMM'S business is booming and analyst are warming UP to this REALITY ...today Goldman increased the target to $295.........
SNDK was the second best performer..UP $1.01 on Bear Stearn's increased estimates for SNDK as Flash Memory prices are going UP as articulated by AAPL & now HPQ in their CC.
STP was UP an anaemic 23 cents ..while FSLR on upgrade & TSL were flying......
CMED was down 3 Cents....they have a presentation tommorrow..may provide some spark !!!
I bought BX today...which reported TRIPLING their earnings last monday..and has been beaten down with all Brokerages/Financials......I FIRMLY believe that @ $23.24 where I bought...there is very little downside......and TREMENDOUS upside...remember the IPO price was $31 & went to $38.....No they are not in mortgages or sub-prime or are in hedge fund business...they are publicly traded company which holds ownership in many many good companies..
BX is in a very fortunate position with CASH...and they want to buy any HIGH GRADE commercial paper @ throwaway prices.....
RSI on BX is @ 35....in deep OVERSOLD territory.......I always buy when everybody has given UP on Quality company either for sentiments or sector rotation...always AHEAD of the crowd with good earnings to support.
BIDU is behaving STRONG UP $11.04......
GRMN is strong UP $5.40......
VMW is also creeping UP to recent high of $61.49......UP $1.78 to $57.33......
If we make 3 GREEN in a row on tuesday.....it will BOOST confidence of investors in a big way $$$$
Please do your OWN due diligence and find your comfort level.
BLOG does not give buy or sell.
Saleem
Markets are Flattish as selling into Rally prevails !!!!
Markets are flat to UP....as sellers are taking advantage of UP move in stock prices.
This is normal as some traders are playing cautious...which is understandable.
As markets shows stability...more buying with "confidence " will develop.
RIMM got upgraded to higher price target by Goldman...
Goldman target for RIMM is $295.....RIMM is UP $8.06 to $228.58...
SNDK is UP $1.18 near High of the day.
CMED is UP 66 Cents.....
STP is UP 74 Cents.....
Other GREEN stocks @ 11.01 AM are :
BIDU,WFR,GOOG,ICE,VMW,WYNN,NYX,GRMN,FSLR(on upgrade),
TSL,MA.
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
This is normal as some traders are playing cautious...which is understandable.
As markets shows stability...more buying with "confidence " will develop.
RIMM got upgraded to higher price target by Goldman...
Goldman target for RIMM is $295.....RIMM is UP $8.06 to $228.58...
SNDK is UP $1.18 near High of the day.
CMED is UP 66 Cents.....
STP is UP 74 Cents.....
Other GREEN stocks @ 11.01 AM are :
BIDU,WFR,GOOG,ICE,VMW,WYNN,NYX,GRMN,FSLR(on upgrade),
TSL,MA.
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Saturday, August 18, 2007
Momentum Stocks for " Fed Driven RALLY" $$$$
The following is a list of stocks which has shown strong momentum on any rally.Please use tight stop.
RIMM,BIDU,AAPL,GRMN,GOOG,ICE,FSLR,SNDK,JNPR,BRCM,FMCN,
VMW,CTRP,WYNN,LVS,NMX,NYX,VLO,TSL,MA,CROX,UA,STP,NDAQ,
LRCX,NVDA,INFY,AKAM,CSCO,HPQ.
Please do your own due diligence and be comfortable with your stocks & exposure.
BLOG does not give buy or sell.
Have a relaxing weekend.
Next post monday around 11AM.
Saleem
RIMM,BIDU,AAPL,GRMN,GOOG,ICE,FSLR,SNDK,JNPR,BRCM,FMCN,
VMW,CTRP,WYNN,LVS,NMX,NYX,VLO,TSL,MA,CROX,UA,STP,NDAQ,
LRCX,NVDA,INFY,AKAM,CSCO,HPQ.
Please do your own due diligence and be comfortable with your stocks & exposure.
BLOG does not give buy or sell.
Have a relaxing weekend.
Next post monday around 11AM.
Saleem
Technically WEAK stocks for Fed Driven RALLY !!!!!
The following stocks are showing technical weakness based on various formations.Please do FA on these stocks as we just finished 11% correction.This list may be a good place for CONTRARY/REVERSAL strategy.
NYSE
ADM,AKS,IR,ABB,RRI,DO,JCI,CNQ,ECA,LPL,ITG,AG,SKM,
ASX,APH,HTE,COL,TX,AXE,BWA,NAK,CAT,UNP,HON,IFX,
RDC,TIE,ICE,UBB,ETR.
Nasdaq
INTC,MRVL,XMSR,FWLT,LBTYK,CHCG,ZOLT,SOHU,TTEK,
GNTX,ORLY,BOBJ,CRDN,CRESY,MPEL,GOOG,SPIL,PAAS.
TSX (Toronto Stock Exchange)
TIM,SAP,CMT,WJA,CNR,LUN,RCI.A,AEM,SLW,GUY,MDI.
BLOG does not give buy or sell.
Saleem
NYSE
ADM,AKS,IR,ABB,RRI,DO,JCI,CNQ,ECA,LPL,ITG,AG,SKM,
ASX,APH,HTE,COL,TX,AXE,BWA,NAK,CAT,UNP,HON,IFX,
RDC,TIE,ICE,UBB,ETR.
Nasdaq
INTC,MRVL,XMSR,FWLT,LBTYK,CHCG,ZOLT,SOHU,TTEK,
GNTX,ORLY,BOBJ,CRDN,CRESY,MPEL,GOOG,SPIL,PAAS.
TSX (Toronto Stock Exchange)
TIM,SAP,CMT,WJA,CNR,LUN,RCI.A,AEM,SLW,GUY,MDI.
BLOG does not give buy or sell.
Saleem
Technically Strong stocks for Fed Driven RALLY !!!!
The following is a list of stocks which recently has strong technical pattern based on various formations.Please do FA on these stocks also.
Nasdaq
FORM,TRMK,FTBK,FCTR,GBCI,ARXX,LIFC.
TSX (Toronto Stock Exchange)
HXD
The above SMALL list is more of an indication that we were in a very serious CORRECTION of almost 11%...which REVERSED with thursday tape & reversal was confirmed with an UP move on friday...thanks to fed.
BLOG does not give buy or sell.
Saleem
Nasdaq
FORM,TRMK,FTBK,FCTR,GBCI,ARXX,LIFC.
TSX (Toronto Stock Exchange)
HXD
The above SMALL list is more of an indication that we were in a very serious CORRECTION of almost 11%...which REVERSED with thursday tape & reversal was confirmed with an UP move on friday...thanks to fed.
BLOG does not give buy or sell.
Saleem
Friday, August 17, 2007
Markets closed UP 2%... $$$$
Markets gave a lifesaver to investors by closing UP 2% on all major indices...including transportation & utilities......
I liked the Higher closing pattern than the fade out we experienced around 11 AM.....all OE shenanigans.....
I wonder when SEC will wake UP to see what really goes on behind the TAPE.....but they are all in wink wink mode.......
RIMM was the superstar of my portfolio as expected.....UP a MUCHO 11.36%
SNDK was UP $2.05
STP UP 82 Cents
CMED UP 38 Cents..inspite of upgrade..OE is the game.
All the strong stocks participated in this rally.....looks good for next week WORLDWIDE !!!!!
I will post by 10AM Saturday list of technically strong/weak & momentum stocks.
Please continue to do your own due diligence & find your own comfort level.
BLOG does not give buy or sell.
Have a "chilled glass of something & go bottoms UP"...you will feel GOOD !!!!
Saleem
I liked the Higher closing pattern than the fade out we experienced around 11 AM.....all OE shenanigans.....
I wonder when SEC will wake UP to see what really goes on behind the TAPE.....but they are all in wink wink mode.......
RIMM was the superstar of my portfolio as expected.....UP a MUCHO 11.36%
SNDK was UP $2.05
STP UP 82 Cents
CMED UP 38 Cents..inspite of upgrade..OE is the game.
All the strong stocks participated in this rally.....looks good for next week WORLDWIDE !!!!!
I will post by 10AM Saturday list of technically strong/weak & momentum stocks.
Please continue to do your own due diligence & find your own comfort level.
BLOG does not give buy or sell.
Have a "chilled glass of something & go bottoms UP"...you will feel GOOD !!!!
Saleem
Markets UP but OE controlling GAINS ????
Once again...it is being proven without a doubt that US markets are "controlled by hedge funds,market makers & brokerages"
Today's extremely bullish move by fed is being negated by manipulative selling by hedgies/market makers & brokerages ...who were caught UNAWARE that fed will be on the side of investors...to boost confidence !!!!
All the three elements are taking full advantage of no"uptick rules which use to prevent blatant rigging of markets"
Markets are showing "anaemic gain of only 1%"...totally unacceptable given today's action by fed.
RIMM is showing the best gain ..UP $10..today is the last day in US to qualify for 3 to 1 stock split...so we may see further buying pressure until AH is closed today.....
SNDK is UP $1.43
CMED is UP 82 cents on an upgrade to BUY by Brean Murray with a price target of $35.
STP is UP 51 Cents .....as FSLR is still taking a beating ....was down @ open $2.65 in this bullish environment.....
@11.31 AM the following stocks which I monitor are GREEN :
AAPL,BIDU,GOOG,SNDA,ICE,CTRP,LVS,NYX,GRMN,VLO,SOHU,
NCTY,AKAM,MA.
I can safely conclude ....inspite of markets being controlled by chosen FEW...market psychology has turned POSITIVE...going forward...as international markets will recover from their EXPORT laden worries.....
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Today's extremely bullish move by fed is being negated by manipulative selling by hedgies/market makers & brokerages ...who were caught UNAWARE that fed will be on the side of investors...to boost confidence !!!!
All the three elements are taking full advantage of no"uptick rules which use to prevent blatant rigging of markets"
Markets are showing "anaemic gain of only 1%"...totally unacceptable given today's action by fed.
RIMM is showing the best gain ..UP $10..today is the last day in US to qualify for 3 to 1 stock split...so we may see further buying pressure until AH is closed today.....
SNDK is UP $1.43
CMED is UP 82 cents on an upgrade to BUY by Brean Murray with a price target of $35.
STP is UP 51 Cents .....as FSLR is still taking a beating ....was down @ open $2.65 in this bullish environment.....
@11.31 AM the following stocks which I monitor are GREEN :
AAPL,BIDU,GOOG,SNDA,ICE,CTRP,LVS,NYX,GRMN,VLO,SOHU,
NCTY,AKAM,MA.
I can safely conclude ....inspite of markets being controlled by chosen FEW...market psychology has turned POSITIVE...going forward...as international markets will recover from their EXPORT laden worries.....
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Fed to the "rescue of markets "discount rate cut by .50%
Fed gave the biggest boost to longs today by lowering the rate on discount window by .50%.....this will allow Banks & other financial institutions to borrow as much @ LOWERED rate......this will unseize the liquidity issue...
As I always said that " never fight the fed"........
Fed was extremely focussed on giving liquidy for several days..BB knew what he was doing...
Today is also the the ultimate weapon of SHORTS...OE...and they are COOKED NOW $$$$$
This fed move will give boost to markets worldwide as liquidity is eased in US.....
Now watch the fun of SHORTS scrambling to cover...and lose it all in OE......
Perfect storm which shorts can ask for......
As for us longs.....start counting our "pesos now...and get aggressive in buying stocks with good prospects NOW"
Good luck to all on a "wonderful wall street day"
BLOG does not give buy or sell.
Saleem
As I always said that " never fight the fed"........
Fed was extremely focussed on giving liquidy for several days..BB knew what he was doing...
Today is also the the ultimate weapon of SHORTS...OE...and they are COOKED NOW $$$$$
This fed move will give boost to markets worldwide as liquidity is eased in US.....
Now watch the fun of SHORTS scrambling to cover...and lose it all in OE......
Perfect storm which shorts can ask for......
As for us longs.....start counting our "pesos now...and get aggressive in buying stocks with good prospects NOW"
Good luck to all on a "wonderful wall street day"
BLOG does not give buy or sell.
Saleem
Thursday, August 16, 2007
Market closed STRONG after retest of LOW today !!!
Markets did a double bottom and made another complete "U" turn.......
I will call today a successful RETEST of support.......
We should have a strong close again on friday......
Short covering will be very evident by close.....
Strong stock closed strong......
RIMM was GREEN @ close......
STP remained my weak stock......all solar stocks have taken a beating lately...hopefully they will all turn around from friday......
CMED & SNDK made strong recovery @ close but no CIGAR !!!!!
HPQ earnings were strong & guidance was better than consensus.....
We will have worldwide rally on friday...which bodes well for OE excitement $$$$.....
Good luck for a productive friday.....
BLOG does not give buy or sell.
Saleem
I will call today a successful RETEST of support.......
We should have a strong close again on friday......
Short covering will be very evident by close.....
Strong stock closed strong......
RIMM was GREEN @ close......
STP remained my weak stock......all solar stocks have taken a beating lately...hopefully they will all turn around from friday......
CMED & SNDK made strong recovery @ close but no CIGAR !!!!!
HPQ earnings were strong & guidance was better than consensus.....
We will have worldwide rally on friday...which bodes well for OE excitement $$$$.....
Good luck for a productive friday.....
BLOG does not give buy or sell.
Saleem
markets found the SUPPORT & made a "V" bottom $$$$
Markets found SUPPORT & made an impressive "V" bottom......
There was sign of major capitulation today when Dow was racing towards 400 down level......
When all the doomsters are so sure that we are heading FURTHER down....markets USUALLY turns UP.......
If you listen to Fast Money crowd...you will be CONVINCED to SELL everything and there is NO reason to be in any stock at all.....
These are sign of MAJOR bottoms.....
ALWAYS believe in your OWN due diligence.....away from CNBC & all their experts...who are convincing everybody that LIQUIDITY issue will bring this world on its KNEES.......
This liquidity affects a small segment of "SPECULATIVE derivatives which includes HOUSING"
Markets will bring confidence back to investors by showing strength @ close...I hope.....
Good luck on next 2 hours.......short covering.....hopefully !!!!!
Saleem
There was sign of major capitulation today when Dow was racing towards 400 down level......
When all the doomsters are so sure that we are heading FURTHER down....markets USUALLY turns UP.......
If you listen to Fast Money crowd...you will be CONVINCED to SELL everything and there is NO reason to be in any stock at all.....
These are sign of MAJOR bottoms.....
ALWAYS believe in your OWN due diligence.....away from CNBC & all their experts...who are convincing everybody that LIQUIDITY issue will bring this world on its KNEES.......
This liquidity affects a small segment of "SPECULATIVE derivatives which includes HOUSING"
Markets will bring confidence back to investors by showing strength @ close...I hope.....
Good luck on next 2 hours.......short covering.....hopefully !!!!!
Saleem
Where is the SUPPORT ????
Markets are trying to find support......
In the first 2 hours markets have come to the same levels 3 times.....
Dow 12,670 area
Nasdaq 2420 area
S&P 500 1380 area
are the battleground for support this AM......
Fed is trying their best to CALM the jitters by injecting liquidity.....
Worldwide Banks & Central Banks are trying very hard to inject liquidity & CONFIDENCE.....
So far very little has changed in this JITTERY environment....
Tech stocks will be the first one to turn UP.......
An important lesson to remember is "buy LOW & sell HIGH "
I have NOT made any changes in my portfolio...
I personally believe "the biggest GAINS are made with staying in strong & quality stocks".
Nobody has the "ability to call the bottom or TOP or to time the market"
I stay focussed on my due diligence and stay DIVERSIFIED.
Most of the indices are down pretty much the same in % terms.....@ 11.52 AM
Good luck in this correction...we have been HIT almost 10% across the board...?????
BLOG does not give buy or sell.
Saleem
In the first 2 hours markets have come to the same levels 3 times.....
Dow 12,670 area
Nasdaq 2420 area
S&P 500 1380 area
are the battleground for support this AM......
Fed is trying their best to CALM the jitters by injecting liquidity.....
Worldwide Banks & Central Banks are trying very hard to inject liquidity & CONFIDENCE.....
So far very little has changed in this JITTERY environment....
Tech stocks will be the first one to turn UP.......
An important lesson to remember is "buy LOW & sell HIGH "
I have NOT made any changes in my portfolio...
I personally believe "the biggest GAINS are made with staying in strong & quality stocks".
Nobody has the "ability to call the bottom or TOP or to time the market"
I stay focussed on my due diligence and stay DIVERSIFIED.
Most of the indices are down pretty much the same in % terms.....@ 11.52 AM
Good luck in this correction...we have been HIT almost 10% across the board...?????
BLOG does not give buy or sell.
Saleem
Wednesday, August 15, 2007
Another LOW close ????
Inspite of fed injecting liquidity......last hour was again manipulated for lowest close ????
Dow Jones closed @ 12,861......a dream close to many shorts target ......
Margin calls @ open will put further pressure on the markets.......unless it is negated by agressive buying or some "news which will perk UP the markets"....
This credit issue has taken markets to a "major SUPPORT area"......Now the question is where it find support on a closing basis.....?????
This lack of confidence in market is taking a major toll on investor's psyche......
We need confidence building market moves...like a strong UPTURN in markets.....
Al I can say is stay in strong stocks & in a DIVERSIFIED mode.......
Techs will remain the "opportune area to FOCUS on"....
Good luck on your strategy.
BLOG does not give buy or sell.
Saleem
Dow Jones closed @ 12,861......a dream close to many shorts target ......
Margin calls @ open will put further pressure on the markets.......unless it is negated by agressive buying or some "news which will perk UP the markets"....
This credit issue has taken markets to a "major SUPPORT area"......Now the question is where it find support on a closing basis.....?????
This lack of confidence in market is taking a major toll on investor's psyche......
We need confidence building market moves...like a strong UPTURN in markets.....
Al I can say is stay in strong stocks & in a DIVERSIFIED mode.......
Techs will remain the "opportune area to FOCUS on"....
Good luck on your strategy.
BLOG does not give buy or sell.
Saleem
OVERSOLD bounce or correction OVER ?????
I have a feeling that dipping below 13,000 on Dow ...satisfied most hedge funds that they succeeded in their objective of tanking this market as far as they could...just my cynical view....
Correction is definitely over...but hedge fund game playing is NEVER over...so who knows....they may comeback after a week of stability..to knock the markets further down...it is easy money.
So the strategy should be to buy when they are selling...and sell when they are buying in a reasonable range of profitability.
I took advantage of this selloff @ open by tripling my position in CMED...all purchases below $30.....
RIMM is behaving the best by trying to be green.....I have 3 times more shares as it did split 3 for 1 in Canada today...trading ex div.....
CMED is the 2nd best by staying close to unchanged levels.....
SNDK is down 78 cents near LOW of the day.....
STP is trading well below 50dma...will see if it closes above that....it did yesterday.
Among GREEN stocks @ 11.16 AM are:
NTES (bouncing from 52 wk low),FMCN,DELL,VMW(new ipo),MSO,GRMN,
SNE,IIJI.NMR,INFY,WFR,MA,CSCO,TWX,MTSN.
Its 11.22AM...and markets are all GREEN $$$$
Good luck for rest of the day.
BLOG does not give buy or sell.
Saleem
Correction is definitely over...but hedge fund game playing is NEVER over...so who knows....they may comeback after a week of stability..to knock the markets further down...it is easy money.
So the strategy should be to buy when they are selling...and sell when they are buying in a reasonable range of profitability.
I took advantage of this selloff @ open by tripling my position in CMED...all purchases below $30.....
RIMM is behaving the best by trying to be green.....I have 3 times more shares as it did split 3 for 1 in Canada today...trading ex div.....
CMED is the 2nd best by staying close to unchanged levels.....
SNDK is down 78 cents near LOW of the day.....
STP is trading well below 50dma...will see if it closes above that....it did yesterday.
Among GREEN stocks @ 11.16 AM are:
NTES (bouncing from 52 wk low),FMCN,DELL,VMW(new ipo),MSO,GRMN,
SNE,IIJI.NMR,INFY,WFR,MA,CSCO,TWX,MTSN.
Its 11.22AM...and markets are all GREEN $$$$
Good luck for rest of the day.
BLOG does not give buy or sell.
Saleem
Tuesday, August 14, 2007
Market closed near LOW of the day ????
Markets are showing "no sign of REBOUND"......why is that ????
Hedge funds,MM are taking full advantage of "credit CRUNCH in a very miniscule segment of economy"....
Worldwide markets barely went down ......but in good old USA.....it is freefall...talk of doom & gloom does not make sense @ all.......
Looking @ markets "freefall" you will think that everybody's mortgage is in dire straits...
According to S&P AH....a miniscule amount can be classified as sub-prime.....
Declining volume had a field day compared to advancing volume...on nyse it was almost 13 to 1...on nasdaq declines led by almost 6 to 1......
So no matter what is going on around US stock market...nasdaq is still better by 2 to 1 compared to nyse.....
I personally do not see anything which is WRONG with US economy.....
US corporation are very efficient & making good profit......techs are booming and are in their strongest 6 months......
The only way you can be AHEAD is to keep buying or stay in your STRONG & DIVERSIFIED portfolio.....
The game playing will end sooner or later.....I am betting for SOON $$$$$
Please continue to do your due diligence & stay DIVERSIFIED.......
BLOG does not give buy or sell.
Saleem
Hedge funds,MM are taking full advantage of "credit CRUNCH in a very miniscule segment of economy"....
Worldwide markets barely went down ......but in good old USA.....it is freefall...talk of doom & gloom does not make sense @ all.......
Looking @ markets "freefall" you will think that everybody's mortgage is in dire straits...
According to S&P AH....a miniscule amount can be classified as sub-prime.....
Declining volume had a field day compared to advancing volume...on nyse it was almost 13 to 1...on nasdaq declines led by almost 6 to 1......
So no matter what is going on around US stock market...nasdaq is still better by 2 to 1 compared to nyse.....
I personally do not see anything which is WRONG with US economy.....
US corporation are very efficient & making good profit......techs are booming and are in their strongest 6 months......
The only way you can be AHEAD is to keep buying or stay in your STRONG & DIVERSIFIED portfolio.....
The game playing will end sooner or later.....I am betting for SOON $$$$$
Please continue to do your due diligence & stay DIVERSIFIED.......
BLOG does not give buy or sell.
Saleem
Have we "discounted credit risk yet"...maybe ???
Markets are again in a tailspin...due to "credit crunch faced by another lender"......
Markets always "discounts events"...this is slightly different because of "drip drip info flow"....
I will go on a limb and say that "today we are seeing the last wave of selloff due to credit issues"..
Markets are "deep in oversold territory...so expect a healthy bounce from here"
The strategy should be to buy strongest stocks...who are down today on this "new credit news"
As you can tell strong stocks are @ their support levels...so in any conditions ...they are an excellent buy.......
Hoping for an improved close today......
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Markets always "discounts events"...this is slightly different because of "drip drip info flow"....
I will go on a limb and say that "today we are seeing the last wave of selloff due to credit issues"..
Markets are "deep in oversold territory...so expect a healthy bounce from here"
The strategy should be to buy strongest stocks...who are down today on this "new credit news"
As you can tell strong stocks are @ their support levels...so in any conditions ...they are an excellent buy.......
Hoping for an improved close today......
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Monday, August 13, 2007
Market closed FLAT ????
Market was IFFY @ best whole day...barely stayed 10 points green on nasdaq & 50 points UP on dow......then started to FADE near close.......so closed down across the board.....I will call it FLAT.
So what happened today........Futures were strong.....but lot of selling right from open....why.....because of "fear & uncertainty".......
In a strange way today's selling got more selling out of the way......
Even with all the nervousness & SELLING....we ended FLAT...not Bad in my view !!!
I am an OPTIMIST...so I look for any silver lining...FLAT is OK......
In my portfolio RIMM was the big winner even in this FLAT market UP $4.81...expecting another solid day on tuesday.....tuesday is the day Canadian investor/trader must buy to get 3 for 1 stock split.......For American Investor/trader friday is the last day to buy RIMM to get 3 for 1 stock split.....
I am expecting RIMM to continue to move UP after split as more retail investors/traders will be able to afford RIMM @1/3 post split price......lot of investors/traders have felt left out because of RIMM high cost of purchase.....just my view .....
SNDK & CMED were GREEN also......
STP has lost almost $5 since reporting earnings.....which was better than expected & guidance was also better than expected.....so this sell off is extremely uncalled for.....but Hedge Funds can do this very easily to any stock......MM loves to grab stock in panic selling @ low prices......do not be surprised .....that we see strength in STP starting Tuesday...just like magic ????
NTES earnings are better than expected...thanks to tax credit.....I am expecting a WEAK Q3....CC starts @ 9PM......
Markets will try regain its footing tue and hopefully...we will have better close.
Please stay diversified.
BLOG does not give buy or sell.
Saleem
So what happened today........Futures were strong.....but lot of selling right from open....why.....because of "fear & uncertainty".......
In a strange way today's selling got more selling out of the way......
Even with all the nervousness & SELLING....we ended FLAT...not Bad in my view !!!
I am an OPTIMIST...so I look for any silver lining...FLAT is OK......
In my portfolio RIMM was the big winner even in this FLAT market UP $4.81...expecting another solid day on tuesday.....tuesday is the day Canadian investor/trader must buy to get 3 for 1 stock split.......For American Investor/trader friday is the last day to buy RIMM to get 3 for 1 stock split.....
I am expecting RIMM to continue to move UP after split as more retail investors/traders will be able to afford RIMM @1/3 post split price......lot of investors/traders have felt left out because of RIMM high cost of purchase.....just my view .....
SNDK & CMED were GREEN also......
STP has lost almost $5 since reporting earnings.....which was better than expected & guidance was also better than expected.....so this sell off is extremely uncalled for.....but Hedge Funds can do this very easily to any stock......MM loves to grab stock in panic selling @ low prices......do not be surprised .....that we see strength in STP starting Tuesday...just like magic ????
NTES earnings are better than expected...thanks to tax credit.....I am expecting a WEAK Q3....CC starts @ 9PM......
Markets will try regain its footing tue and hopefully...we will have better close.
Please stay diversified.
BLOG does not give buy or sell.
Saleem
Markets not showing strength as expected ???
Markets are in mildly positive mode.
GS tried to shore UP its beleagured fund by injecting $3 billion......along with its partners.....a big vote of confidence to its strategy & fundamentals.
World bankers are trying very hard to inject liquidity & confidence...with limited success.
Today's tape is a classic example of "cautious confidence building"
It may take few days of GREEN market to lift the "spirits of investors on the sidelines"
In my portfolio :
STP is down 80 cents on no news ...
RIMM is the strong stock in my portfolio UP $8.25 to $215.25...on UBS increase in estimates for 07 & 08...plus raising of target to $280 US.
CMED is strong also UP $1.01 ..
SNDK is UP 61 cents on improving fundamentals and higher Flash Memory prices...
Other strong stocks @ 11.25 AM are :
SNDA,AAPL,JNPR,NTES,BRCD,DELL,YHOO,BIDU,TZOO,CTRP,WYNN,
RVBD,WYN,GRMN,FSLR,SNE,SOHU,IIJI,NDAQ,HPQ(new high),WFR,
NVTL,LRCX,MA.
I personally believe that there is lot of nervous selling into strength this AM.
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
GS tried to shore UP its beleagured fund by injecting $3 billion......along with its partners.....a big vote of confidence to its strategy & fundamentals.
World bankers are trying very hard to inject liquidity & confidence...with limited success.
Today's tape is a classic example of "cautious confidence building"
It may take few days of GREEN market to lift the "spirits of investors on the sidelines"
In my portfolio :
STP is down 80 cents on no news ...
RIMM is the strong stock in my portfolio UP $8.25 to $215.25...on UBS increase in estimates for 07 & 08...plus raising of target to $280 US.
CMED is strong also UP $1.01 ..
SNDK is UP 61 cents on improving fundamentals and higher Flash Memory prices...
Other strong stocks @ 11.25 AM are :
SNDA,AAPL,JNPR,NTES,BRCD,DELL,YHOO,BIDU,TZOO,CTRP,WYNN,
RVBD,WYN,GRMN,FSLR,SNE,SOHU,IIJI,NDAQ,HPQ(new high),WFR,
NVTL,LRCX,MA.
I personally believe that there is lot of nervous selling into strength this AM.
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
RIMM UPGRADED ...target price increased to $280 US $$$$$
Before OPEN today UBS upgraded RIMM with the highest target price of US$280.
RIMM already UP $5 so far in pre-market @8.02 AM.
Good luck to all traders who either have RIMM or going to trade RIMM today.
RIMM was deeply oversold...so this will be a very big catalyst going forward.
Please do your own due diligence & stay DIVERSIFIED.
BLOG does not give buy or sell.
Good luck on a fed driven RALLY.
Saleem
RIMM already UP $5 so far in pre-market @8.02 AM.
Good luck to all traders who either have RIMM or going to trade RIMM today.
RIMM was deeply oversold...so this will be a very big catalyst going forward.
Please do your own due diligence & stay DIVERSIFIED.
BLOG does not give buy or sell.
Good luck on a fed driven RALLY.
Saleem
Saturday, August 11, 2007
Momentum Stocks for " Fed Driven UPTURN in markets" $$$$
The following is a list of momentum stocks which should benefit from an UPTURN in stock market.Please use tight stop as events can change the direction in a hurry.
SNDK,CMED,RIMM,STP,AAPL,GOOG,BRCM,DELL,CSCO,JNPR,UXG,
AMAT,BIDU,WYNN,LVS,NDAQ,NMX,NYX,VLO,GRMN,SOHU,ICE,
STX,EBAY,LRCX,HPQ,MA,INTC,CROX,UA.
Please do your own due diligence & find your own comfort level.
BLOG does not give buy or sell.
Next post monday around 11AM.
Saleem
SNDK,CMED,RIMM,STP,AAPL,GOOG,BRCM,DELL,CSCO,JNPR,UXG,
AMAT,BIDU,WYNN,LVS,NDAQ,NMX,NYX,VLO,GRMN,SOHU,ICE,
STX,EBAY,LRCX,HPQ,MA,INTC,CROX,UA.
Please do your own due diligence & find your own comfort level.
BLOG does not give buy or sell.
Next post monday around 11AM.
Saleem
Technically WEAK stocks for Fed Driven UP market.....
This is a list of stock which is showing technical weakness based on various formations.Please do FA as well.Technicians cannot predict events which may affect stock price.
NYSE
T,RRI,ELP,WMI,APC,FDO,MT,TXT,DLM,CHH,WFR,PH,MTW,
TKR,SCI.
Nasdaq
COGN,CMCSK,FRED,LAVA,PNCL,CYNO,METH,PTNR,ASMI,
HSII,IWOV,ACXM,STST.
TSX (Toronto Stock Exchange)
WJA,PCA,CNQ,UEX,FNX,MGA,NKO,FRG,MAR,CTC.A.
Please do your own due diligence.
BLOG does not give buy or sell.
Saleem
NYSE
T,RRI,ELP,WMI,APC,FDO,MT,TXT,DLM,CHH,WFR,PH,MTW,
TKR,SCI.
Nasdaq
COGN,CMCSK,FRED,LAVA,PNCL,CYNO,METH,PTNR,ASMI,
HSII,IWOV,ACXM,STST.
TSX (Toronto Stock Exchange)
WJA,PCA,CNQ,UEX,FNX,MGA,NKO,FRG,MAR,CTC.A.
Please do your own due diligence.
BLOG does not give buy or sell.
Saleem
Technically Strong stocks for Fed Driven UP market.....
The following stocks are technically showing strength based on various formations.Please do FA on them as well.Technicians cannot predict events which can change direction of stock price.
NYSE
PLD,IDA,KIM,KMX,GEO,BW,MNT,SMG.
NASDAQ
INAP,CYTR,MXWL,EMIS,AMIE,ENER,FCEL,CEGE,FTWR,
PRGO,FORM,KNXA,CENT,OVEN,APKT,PGNX,GOLD,CENTA,CECE,
HITT,ISPH,CSTR,EXPD,REGN,AFFX,EQIX,ARNA,RGLD,IIVI,RARE,
LIFC,DXCM,NDAQ,WYNN,SWIM,SONC,UNFI,HSIC.
TSX (Toronto Stock Exchange)
NG,NVA,CDG,OPC,CMT,EGU,WTL,SOY,FPS.
Please do your own due diligence & find your own comfort level.
BLOG does not give buy or sell.
Saleem
NYSE
PLD,IDA,KIM,KMX,GEO,BW,MNT,SMG.
NASDAQ
INAP,CYTR,MXWL,EMIS,AMIE,ENER,FCEL,CEGE,FTWR,
PRGO,FORM,KNXA,CENT,OVEN,APKT,PGNX,GOLD,CENTA,CECE,
HITT,ISPH,CSTR,EXPD,REGN,AFFX,EQIX,ARNA,RGLD,IIVI,RARE,
LIFC,DXCM,NDAQ,WYNN,SWIM,SONC,UNFI,HSIC.
TSX (Toronto Stock Exchange)
NG,NVA,CDG,OPC,CMT,EGU,WTL,SOY,FPS.
Please do your own due diligence & find your own comfort level.
BLOG does not give buy or sell.
Saleem
Friday, August 10, 2007
S&P,Russell & Midcap index all GREEN...Thank you Fed $$$$
Markets owe a "big thank you to Fed ....who urgently provided liquidity more than what was needed".....
Fed was fully aware that "Shorts are controlling the markets & there is too much commentary on DOOM & GLOOM...thus drastic steps are needed to send a strong message"
Fed action will "boost confidence worldwide...to equity markets"....
I am expecting a major turnaround in markets worldwide starting in Asia...then Europe then to our North American markets.....starting from Monday trading.....
Those who have not positioned for this "major TURNAROUND...will miss the early RUN"....
Fed action will force SHORTS to cover....and NORMALCY will return to the markets.....
Techs & strong techs will lead the way........
My portfolio took a beating thanks to RIMM.....which tested & retested support @ $206..closing @ $207...down $9.....
STP was also down $2.06...thanks to
FSLR whose secondary was not well recieved....FSLR had to cut the size of offering from 9.65 million shares to 6.5 million shares & price it lower @$95...closed @ $94.42...down $8.58..below offering.
SNDK stayed GREEN UP 67 Cents.
CMED UP 10 cents.
I will be posting by 10AM saturday list of technically Strong,Weak & Momentum stocks.
BLOG does not give buy or sell.
Saleem
Fed was fully aware that "Shorts are controlling the markets & there is too much commentary on DOOM & GLOOM...thus drastic steps are needed to send a strong message"
Fed action will "boost confidence worldwide...to equity markets"....
I am expecting a major turnaround in markets worldwide starting in Asia...then Europe then to our North American markets.....starting from Monday trading.....
Those who have not positioned for this "major TURNAROUND...will miss the early RUN"....
Fed action will force SHORTS to cover....and NORMALCY will return to the markets.....
Techs & strong techs will lead the way........
My portfolio took a beating thanks to RIMM.....which tested & retested support @ $206..closing @ $207...down $9.....
STP was also down $2.06...thanks to
FSLR whose secondary was not well recieved....FSLR had to cut the size of offering from 9.65 million shares to 6.5 million shares & price it lower @$95...closed @ $94.42...down $8.58..below offering.
SNDK stayed GREEN UP 67 Cents.
CMED UP 10 cents.
I will be posting by 10AM saturday list of technically Strong,Weak & Momentum stocks.
BLOG does not give buy or sell.
Saleem
Is the CORRECTION ending TODAY...looks like it $$$
Markets are getting a BIG helping hand from the FEDS........
As Marty Zweig used to say.....NEVER fight the Feds.......
Feds pumped LIQUIDITY into the system...more than what was EXPECTED........
Why Feds pumped MORE than NEEDED........to CALM the HYSTERIA........
I am expecting a GREEN close today.....as SHORTS will be too SCARED to carry their position over the weekend......
As usual .....I see these SLUMPS as buying opportunity.......and making my portfolio better for the UPTURN......
I sold my position on SNDA and booked a loss of $3800.....
Bought more RIMM @ its low missed it by 30 cents.....Now again I have build RIMM into my LARGEST position ....almost 39% of my portfolio.....it goes EX DIV in Canada on wed..so must be bought by tues for 3 to 1 stock split......
RIMM also tested its major support @$206 and held it nicely....so off to the races NOW....already UP $3 since my purchase....
SNDK is GREEN.....wants to go HIGHER to new HIGHS....
STP & CMED are down 50 cents after being down close to $2 area......
So my highly concentrated portfolio is :
RIMM,SNDK,STP,CMED.........
Other stocks which are GREEN @ 11.24 AM are :
BRCM,UXG,SIRF,YHOO,NYX,AOB,BRCD,STX,QID,AUY,NVLS,MTSN.
Please do your own due diligence & find your OWN comfort level.
BLOG does not give buy or sell.
Good luck in this crazy market.
Saleem
As Marty Zweig used to say.....NEVER fight the Feds.......
Feds pumped LIQUIDITY into the system...more than what was EXPECTED........
Why Feds pumped MORE than NEEDED........to CALM the HYSTERIA........
I am expecting a GREEN close today.....as SHORTS will be too SCARED to carry their position over the weekend......
As usual .....I see these SLUMPS as buying opportunity.......and making my portfolio better for the UPTURN......
I sold my position on SNDA and booked a loss of $3800.....
Bought more RIMM @ its low missed it by 30 cents.....Now again I have build RIMM into my LARGEST position ....almost 39% of my portfolio.....it goes EX DIV in Canada on wed..so must be bought by tues for 3 to 1 stock split......
RIMM also tested its major support @$206 and held it nicely....so off to the races NOW....already UP $3 since my purchase....
SNDK is GREEN.....wants to go HIGHER to new HIGHS....
STP & CMED are down 50 cents after being down close to $2 area......
So my highly concentrated portfolio is :
RIMM,SNDK,STP,CMED.........
Other stocks which are GREEN @ 11.24 AM are :
BRCM,UXG,SIRF,YHOO,NYX,AOB,BRCD,STX,QID,AUY,NVLS,MTSN.
Please do your own due diligence & find your OWN comfort level.
BLOG does not give buy or sell.
Good luck in this crazy market.
Saleem
Thursday, August 9, 2007
Sub-Prime scare puts market in tailspin ....will it ever END ????
Sub-Prime scare took a real toll on markets around the world...started in Europe came to North America and then took its toll in South America...& now its asia's turn........
I am 100% sure that one day we will wake up & not hear about sub-prime issues.
Strangely enough Housing builders like TOL were UP 82 cents today....in the middle of "no mortgages available mantra".........Do not try to figure this out......the whole thing makes no sense........
In my portfolio I sold FDRY @ 25 cents loss......and bought more RIMM......
SNDK remained GREEN and was UP $1.18...and just now Cramer is pushing SNDK like crazy on Mad Money with live interview with CEO Eli Harari...I firmly believe that SNDK is the next RIMM......SNDK is moving further UP in AH.....
CMED gave me 93 cents today as it also closed GREEN.....
STP made a heroic comeback in the last 30 minutes and was down 49 cents.....
My big downer was RIMM down $10.01.....
SNDA lost another $2.10 to close 1 cent below 200 dma...on TRIPLE the volume...sounds like a total capitulation & discounting of all issues.......
After I counted all of my change I was down 1.6% in my portfolio.....not bad considering the intensity of selloff.
SIRF continued its march to recovery from its major selloff UP 80 cents.
LVS went to new 52 wk high today...closed UP $1.85.
HOKU gained 99 Cents on heavy volume.
NDAQ UP $1.08...while all exchange went down.
All I can hope that we do not wake up to any credit issues.......
BLOG does not give buy or sell.
Saleem
I am 100% sure that one day we will wake up & not hear about sub-prime issues.
Strangely enough Housing builders like TOL were UP 82 cents today....in the middle of "no mortgages available mantra".........Do not try to figure this out......the whole thing makes no sense........
In my portfolio I sold FDRY @ 25 cents loss......and bought more RIMM......
SNDK remained GREEN and was UP $1.18...and just now Cramer is pushing SNDK like crazy on Mad Money with live interview with CEO Eli Harari...I firmly believe that SNDK is the next RIMM......SNDK is moving further UP in AH.....
CMED gave me 93 cents today as it also closed GREEN.....
STP made a heroic comeback in the last 30 minutes and was down 49 cents.....
My big downer was RIMM down $10.01.....
SNDA lost another $2.10 to close 1 cent below 200 dma...on TRIPLE the volume...sounds like a total capitulation & discounting of all issues.......
After I counted all of my change I was down 1.6% in my portfolio.....not bad considering the intensity of selloff.
SIRF continued its march to recovery from its major selloff UP 80 cents.
LVS went to new 52 wk high today...closed UP $1.85.
HOKU gained 99 Cents on heavy volume.
NDAQ UP $1.08...while all exchange went down.
All I can hope that we do not wake up to any credit issues.......
BLOG does not give buy or sell.
Saleem
If it is thursday..it must be sub-prime scare day ?????
As Ronald Reagan would say to Sub-Prime....here you GO AGAIN......
Some of the best laid plans get pushed aside with one negative news from somewhere......
So BNP Paribas did it to all of US by freezing 3 funds on sub-prime difficulties......
So we are promptly down $200+ Dow points & 37+ Nasdaq points......
Nasdaq is trying to regain footing by erasing majority of its loss so far...down 10 @ 10.55 AM...
Dow & S&P are the weak brothers...S&P being the weaker.... down 1.2% or 18......
So in my portfolio lot transpired.......
STP reported a great Q2 and had very good CC.....so what was the reward...DOWN $3.02 why....because someone COULD......now down 88 cents......
RIMM I booked $50/share profit right @ open.....just in case this selling takes a toll on RIMM & on my profit....
Then I bought back my RIMM again....cost of this zig zag.....$1 per share...not bad of price for sanity & locking profit.....
Bought CMED @ $31.36...looking GOOD already.......
Now for my superstar of the day is SNDK...which is flying in this SLUMP...UP $1.80 on positive analyst note on Nand pricing which is going HIGHER....Citigroup analyst is a big fan of SNDK....
SNDA trying to recover from "coma" in & out of green area.......
FDRY is the weakest one...I may dump it today....or leave it..not sure what to do......
Other stocks which are showing GREEN today are:
BRCM,SIRF,ICE,YHOO,CTRP,WYNN,NYX,AOB,VLO,HOKU,
SOHU,XING,NVDA,NDAQ,QID,JADE,CSCO,JDSU,LVLT.
Markets in general and Nasdaq in particular is making a comeback.....we may be GREEN ..."all over"......Stevie Wonder
Please do your own due diligence & always find your own comfort level.....but stay diversified !!!
BLOG does not give buy or sell.
Good luck on rest of the day.
Saleem
Some of the best laid plans get pushed aside with one negative news from somewhere......
So BNP Paribas did it to all of US by freezing 3 funds on sub-prime difficulties......
So we are promptly down $200+ Dow points & 37+ Nasdaq points......
Nasdaq is trying to regain footing by erasing majority of its loss so far...down 10 @ 10.55 AM...
Dow & S&P are the weak brothers...S&P being the weaker.... down 1.2% or 18......
So in my portfolio lot transpired.......
STP reported a great Q2 and had very good CC.....so what was the reward...DOWN $3.02 why....because someone COULD......now down 88 cents......
RIMM I booked $50/share profit right @ open.....just in case this selling takes a toll on RIMM & on my profit....
Then I bought back my RIMM again....cost of this zig zag.....$1 per share...not bad of price for sanity & locking profit.....
Bought CMED @ $31.36...looking GOOD already.......
Now for my superstar of the day is SNDK...which is flying in this SLUMP...UP $1.80 on positive analyst note on Nand pricing which is going HIGHER....Citigroup analyst is a big fan of SNDK....
SNDA trying to recover from "coma" in & out of green area.......
FDRY is the weakest one...I may dump it today....or leave it..not sure what to do......
Other stocks which are showing GREEN today are:
BRCM,SIRF,ICE,YHOO,CTRP,WYNN,NYX,AOB,VLO,HOKU,
SOHU,XING,NVDA,NDAQ,QID,JADE,CSCO,JDSU,LVLT.
Markets in general and Nasdaq in particular is making a comeback.....we may be GREEN ..."all over"......Stevie Wonder
Please do your own due diligence & always find your own comfort level.....but stay diversified !!!
BLOG does not give buy or sell.
Good luck on rest of the day.
Saleem
STP beats by 2 cents....margin improved also $$$
STP announced outstanding result for Q2.....beating in every category and guiding higher also for Q3.......
Following are the breakdown of Q2:
Sales Q2 $317.4 million expected $287.33 million BEAT by $30.07 million or +10.4% an increase YOY of 147.7%
EPS Q2 25 cents expected 23 cents BEAT by 2 cents or +8.6% inspite of the fact that ADS increased by 4.8 million shares which is an increase of 2.9% in TOS +47% YOY...if we factor this increase out it adds another .073 cents /per share so it becomes 25.73 cents for Q2 so above consensus by 11.8%.......or 51.1% YOY.....
STP is also guiding HIGHER for Q3.....consensus $317.43 million an increase of 10.4% sequentially ..STP is guiding HIGHER production by 18.7%.......so their Sales guidance will be higher than consensus of $317.43......
STP margin also IMPROVED to 20.3%....
All in all a GREAT ER from STP.......
Expecting a major move UP in STP shares inspite of futures being DOWN sharply so far @ 5.48 AM...
Good luck to all holders of STP........
BLOG does not give buy or sell.
Saleem
Following are the breakdown of Q2:
Sales Q2 $317.4 million expected $287.33 million BEAT by $30.07 million or +10.4% an increase YOY of 147.7%
EPS Q2 25 cents expected 23 cents BEAT by 2 cents or +8.6% inspite of the fact that ADS increased by 4.8 million shares which is an increase of 2.9% in TOS +47% YOY...if we factor this increase out it adds another .073 cents /per share so it becomes 25.73 cents for Q2 so above consensus by 11.8%.......or 51.1% YOY.....
STP is also guiding HIGHER for Q3.....consensus $317.43 million an increase of 10.4% sequentially ..STP is guiding HIGHER production by 18.7%.......so their Sales guidance will be higher than consensus of $317.43......
STP margin also IMPROVED to 20.3%....
All in all a GREAT ER from STP.......
Expecting a major move UP in STP shares inspite of futures being DOWN sharply so far @ 5.48 AM...
Good luck to all holders of STP........
BLOG does not give buy or sell.
Saleem
Wednesday, August 8, 2007
Higher close on Nasdaq.... changed psychology of investors/traders $$$
Investing is all about psychology of investing environment.......it is extremely positive NOW....
Nasdaq gave a shot in the arm of all hoping/dreaming traders...as they waged a brutal battle with shorts/psychology of markets for almost a month......
Now ......we have "much better environment...to step in "
Nasdaq closed UP 2.01%......remained a leader today......followed by S&P and then Dow.....
Lot of stock participated in today's rally.....UP volume led by 3 to 1 on both NYSE & Nasdaq....although advancers were leading by better than 2 to 1.......
Last hour gyration took some sizzle out of the GAINS.....
In my portfolio SNDA was the big party pooper down $2.06 on 70% more volume...not a good thing.....no news..no analyst notes...which I am aware of ?????
RIMM UP $3.78....
STP UP $2.90 reports before open...expecting good guidance ....CC starts @ 8AM!!!!
SNDK Up $1.72...
FDRY UP 79 cents...gave me profit of 25 cents......
Big movers were PCLN,NMX,BIDU,NVDA,INFY,MA,GOOG,GRMN,LVS,
ICE,BRCM,SIRF,NVDA,CSCO,CIEN,JNPR,MSO,RVBD,NYX,VLO,FSLR,
TSL,HOKU,SOHU...to name a FEW which I monitor.....
Good luck for thursday trading $$$$
BLOG does not give buy or sell.
Saleem
Nasdaq gave a shot in the arm of all hoping/dreaming traders...as they waged a brutal battle with shorts/psychology of markets for almost a month......
Now ......we have "much better environment...to step in "
Nasdaq closed UP 2.01%......remained a leader today......followed by S&P and then Dow.....
Lot of stock participated in today's rally.....UP volume led by 3 to 1 on both NYSE & Nasdaq....although advancers were leading by better than 2 to 1.......
Last hour gyration took some sizzle out of the GAINS.....
In my portfolio SNDA was the big party pooper down $2.06 on 70% more volume...not a good thing.....no news..no analyst notes...which I am aware of ?????
RIMM UP $3.78....
STP UP $2.90 reports before open...expecting good guidance ....CC starts @ 8AM!!!!
SNDK Up $1.72...
FDRY UP 79 cents...gave me profit of 25 cents......
Big movers were PCLN,NMX,BIDU,NVDA,INFY,MA,GOOG,GRMN,LVS,
ICE,BRCM,SIRF,NVDA,CSCO,CIEN,JNPR,MSO,RVBD,NYX,VLO,FSLR,
TSL,HOKU,SOHU...to name a FEW which I monitor.....
Good luck for thursday trading $$$$
BLOG does not give buy or sell.
Saleem
Mother of all Tech rally today $$$$$
Technology were strong as expected from open.
Conditions were PERFECT for a major rally.......
Shorts were feeling GREAT...
Skeptics & nervous sold out...
Margin calls were covered @ any price.....
Prediction of "ongoing bear market was trumpeted by know it all"....
Guess what happens NEXT......
A major turnaround on a dime.....
Techs leading the charge.....which is extremely bullish.....
Guess what....even home Builders & Financials are GREEN.......this MUST be a BAD dream for sellers & shorts.....NO it IS REALITY.......
Welcome to REAL wall street......where doing DD & knowing few RULES do overcome minor HICCUPS......sub-prime was a minor hiccup...but everybody wanted to sell first & understand later.......
As I write @ 11.06 AM ...nasdaq is UP 44 points.....my guess is that we will close to near HIGHS of the day......
Bought FDRY today @ $18.40...it is the laggard of networking.....I am hoping it will charge UP from hereon......FDRY went to new HIGH already...looks good $$
STP is flying UP $2.50......before OPEN it reports tommorrow..JASO had good ER this AM.
RIMM is getting so close to its ALL-TIME HIGH of $235..UP $4.19 to $226.41...goes EX DIV in Canada next wed for 3 to 1 stock split......expect MORE buying pressure going into ex div date.
SNDK woke UP today and is flying ...UP $2.40 on heavy volume.....
SNDA is the laggard in my portfolio UP only 15 cents...taking a LONG nap before ER 28th Aug AH.......
Everything is GREEN except few RED....I am listing RED today for a change:
AAPL(iexhaustion),MPEL,AMAT,QCOM,SNE,QID,NVTL,KLIC,SONS.
Good luck on rest of the day.....
BLOG does not give buy or sell.
Saleem
Conditions were PERFECT for a major rally.......
Shorts were feeling GREAT...
Skeptics & nervous sold out...
Margin calls were covered @ any price.....
Prediction of "ongoing bear market was trumpeted by know it all"....
Guess what happens NEXT......
A major turnaround on a dime.....
Techs leading the charge.....which is extremely bullish.....
Guess what....even home Builders & Financials are GREEN.......this MUST be a BAD dream for sellers & shorts.....NO it IS REALITY.......
Welcome to REAL wall street......where doing DD & knowing few RULES do overcome minor HICCUPS......sub-prime was a minor hiccup...but everybody wanted to sell first & understand later.......
As I write @ 11.06 AM ...nasdaq is UP 44 points.....my guess is that we will close to near HIGHS of the day......
Bought FDRY today @ $18.40...it is the laggard of networking.....I am hoping it will charge UP from hereon......FDRY went to new HIGH already...looks good $$
STP is flying UP $2.50......before OPEN it reports tommorrow..JASO had good ER this AM.
RIMM is getting so close to its ALL-TIME HIGH of $235..UP $4.19 to $226.41...goes EX DIV in Canada next wed for 3 to 1 stock split......expect MORE buying pressure going into ex div date.
SNDK woke UP today and is flying ...UP $2.40 on heavy volume.....
SNDA is the laggard in my portfolio UP only 15 cents...taking a LONG nap before ER 28th Aug AH.......
Everything is GREEN except few RED....I am listing RED today for a change:
AAPL(iexhaustion),MPEL,AMAT,QCOM,SNE,QID,NVTL,KLIC,SONS.
Good luck on rest of the day.....
BLOG does not give buy or sell.
Saleem
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