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
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