Monday, August 27, 2007

Markets weighed down by WEAK housing data !!!!

Markets are weak in the first 90 minutes of trading.....due to WEAK housing data.....this is NOT a surprise @ all......but markets after closing strong on friday...taking the time to "digest" latest housing read......

Hopefully by closing time...we will be counting some GREENS.......

I increased my position in VMW by almost 38% ...by buying @ open.....my cost on VMW now is UP to $68.64 per share.......I am already making money on today's purchase.......VMW is UP $1.65......

NVT is UP $1.37.

STP down 42 Cents.

SNDK down $1.68

BX down 62 Cents

RIMM down 94 Cents

Other stocks which are GREEN @ 11.13 AM includes:

BIDU,CMED(reports tuesday before OPEN),MPEL,CTRP,SOHU,SNDA(reports after close Tuesday),NDAQ,NTRI,NVDA.

Good luck on the rest of the day.

BLOG does not give buy or sell.

Saleem

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