I have a feeling that dipping below 13,000 on Dow ...satisfied most hedge funds that they succeeded in their objective of tanking this market as far as they could...just my cynical view....
Correction is definitely over...but hedge fund game playing is NEVER over...so who knows....they may comeback after a week of stability..to knock the markets further down...it is easy money.
So the strategy should be to buy when they are selling...and sell when they are buying in a reasonable range of profitability.
I took advantage of this selloff @ open by tripling my position in CMED...all purchases below $30.....
RIMM is behaving the best by trying to be green.....I have 3 times more shares as it did split 3 for 1 in Canada today...trading ex div.....
CMED is the 2nd best by staying close to unchanged levels.....
SNDK is down 78 cents near LOW of the day.....
STP is trading well below 50dma...will see if it closes above that....it did yesterday.
Among GREEN stocks @ 11.16 AM are:
NTES (bouncing from 52 wk low),FMCN,DELL,VMW(new ipo),MSO,GRMN,
SNE,IIJI.NMR,INFY,WFR,MA,CSCO,TWX,MTSN.
Its 11.22AM...and markets are all GREEN $$$$
Good luck for rest of the day.
BLOG does not give buy or sell.
Saleem
No comments:
Post a Comment