Nasdaq is getting ready for serious UP move......
Nasdaq is staying ahead of curve by leapfrogging into GREEN ahead of BB speech on friday.....
BB moves are well documented by their recent statement ..when they CUT the discount rates !!!
All this YO YO game playing is by MM & Hedge Funds to wipe out all scared & WEARY small investors......are they succeeding...of course they are as selling is very pronounced on most days...
You can BEAT Hedge Funds & MM by doing the opposite..when they sell you buy...when they buy you sell.....locking profit is NEVER a bad idea......
Technology is gaining momentum as is evidenced by charts of strong stocks.......
RIMM went to "new all time HIGH today @ $85.....beating old high of $84.10"......
RIMM was part of rumour mill today that MSFT is going for takeover of RIMM.....if there is any truth to it...they will issue some statement by monday......
RIMM will get a "hefty premium to its stock price if it is going to materialize"...time will tell $$$
RIMM closed UP $1.05..target @ www.stockcharts.com is $129...nice $$$$
NVT is racing fast & furious in the last 2 trading day UP $1.67......Target increased by www.stockcharts.com to $71......
SNDK also moved UP $1.12.....
Last but not the least VMW finally closed in GREEN ..Up 26 Cents after digesting its recent GAINS.....
What else move UP today which I monitor...they are:
AAPL on ipod revision,icar speculation.....
BRCM,DELL(good ER),IGT(new product cycle),TZOO(oversold),NMX(old takeover talks),
GRMN(getting close to new HIGH),FSLR(best performing solar stock),TSL(recovering from oversold),WFR(silicon wafer supplier to all solar stock),JASO(good solar stock on rebound).
Good luck on BB statement & friday trades !!!
BLOG does not give buy or sell.
Saleem
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