Markets proved that "Fast Money is always..scared money....they are TREND followers....never AHEAD of the CURVE ?????
Fast Money were advising to sell into any rally....because the rally "never holds"
Well Well Well...not only rally materialized ..but we had a great close...everything GREEN $$$$
Now Fast Money can figure out ...what to do with Eric Bolling across the board SHORT position...& Pete Najarian's "insurance...means all the PUTS he was PILING UP"
RIMM showed strength most of the day...closed UP $1.41 and further UP AH.....
UXG was GREEN also.......
STP made a sharp V bottom and almost closed unchanged after being DOWN close to $2.....
SNDA & SNDK gave 30 & 44 cents......SNDK was down $3.01 @ one point..so another sharp V bottom.....
AH SOHU beat and guiding HIGHER......
AAPL came back to LIFE ...UP $3.24...upgraded by Citi $160 target....
CMG UP $11 on great earning & guidance....
NVT & GRMN UP sharply on great earning......
MSO hit a new 52 wk LOW on bad ER.....not a good thing !!!
NTES is in "breakdown mode"...getting close to its 52wk LOW.....
Now that the markets are "washed out"...we will overcome all the negativity of sub-prime..so I think......
BLOG does not give buy or sell.
Saleem
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