Markets are in mildly positive mode.
GS tried to shore UP its beleagured fund by injecting $3 billion......along with its partners.....a big vote of confidence to its strategy & fundamentals.
World bankers are trying very hard to inject liquidity & confidence...with limited success.
Today's tape is a classic example of "cautious confidence building"
It may take few days of GREEN market to lift the "spirits of investors on the sidelines"
In my portfolio :
STP is down 80 cents on no news ...
RIMM is the strong stock in my portfolio UP $8.25 to $215.25...on UBS increase in estimates for 07 & 08...plus raising of target to $280 US.
CMED is strong also UP $1.01 ..
SNDK is UP 61 cents on improving fundamentals and higher Flash Memory prices...
Other strong stocks @ 11.25 AM are :
SNDA,AAPL,JNPR,NTES,BRCD,DELL,YHOO,BIDU,TZOO,CTRP,WYNN,
RVBD,WYN,GRMN,FSLR,SNE,SOHU,IIJI,NDAQ,HPQ(new high),WFR,
NVTL,LRCX,MA.
I personally believe that there is lot of nervous selling into strength this AM.
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
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