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

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