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

No comments: