Fed single-handedly brought markets to a confident state in ONE week......
When Fed "acts markets Listens".......
But If you listened to Fast Money on thursday show......."three non-genius Najarian,Adami & Macke were UNANIMOUS in saying that we will RETEST the bottom"......I do not know whose bottom they are looking @ to retest.......enough said.....
Jimmy the Cramer changed his tune AGAIN on RIMM today...now he is claiming that RIMM is going to $100......did he invent Yo Yo........
Today I sold CMED @ $33...just wanted to lock $3 point GAIN.....Now I am positive on all my CMED trades.....a MAJOR turnaround....it became an investment challenge $$$$
Bought back BX @ $24.47...was down on news of Senate changing tax policy which will triple tax expenses for Blackstone.....a buying opportunity...It was an IPO @ $31 and went to $38.....
All my stocks were strong except STP which was UP 8 pesos......
Next week markets will follow today's pattern.......
I will post Saturday by 10AM list of technically strong /weak & momentum stocks...
Please do your own due diligence...as we are heading into strong cycle for technology stocks...
BLOG does not give buy or sell.
Saleem
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