Markets in the first 80 minutes are in red......
Markets are trying to "deal daily with negative credit related news".....and also keeping an eye on fed on its activities...they relaxed some rules & fees today..to help out !!!!
Mornings are generally going to be WEAK with strength around closing time...hopefully this pattern will happen today also.....so I hope !!!!
In my portfolio RIMM as usual is the strongest ...trading @ new all time high UP 70 CENTS so far .....after splitting 3 to 1 in US today.
CMED is UP 44 Cents.
STP as usual is down 25 Cents.
SNDK is the weakest one down 78 Cents.
BX my new add on from yesterday is UP 5 Cents....BX bought a majority stake in a textile company in India......BX have bought almost $1 billion worth of companies in India...one Internet,one outsourcing and now textile.....BX also is buying Hilton...and has a portfolio of companies all over the world...an aggressive version of Berkshire Hathaway........
Today @ open I bought NVT......Map provider to GRMN,YHOO,GOOG.....their business is booming worldwide and did BEAT in the last ER.....they are the only one left as its competition was acquired by Tom Tom.......there is speculation that either GRMN or GOOG may be interested in taking over.....paid $57...is UP 80 Cents....
Other GREEN stocks @ 11.09 AM are:
GOOG,AAPL (on UBS optimistic note about its business),VMW ( new high),GRMN(racing towards new high),BIDU (showing tremendous recovery & strength),WYNN,WYN,LVS,
NCTY,SNDA,EBAY,WFR,MA,MR.
Good luck for rest of the day.
BLOG does not give buy or sell.
Saleem
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