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
No comments:
Post a Comment