Sub-Prime scare took a real toll on markets around the world...started in Europe came to North America and then took its toll in South America...& now its asia's turn........
I am 100% sure that one day we will wake up & not hear about sub-prime issues.
Strangely enough Housing builders like TOL were UP 82 cents today....in the middle of "no mortgages available mantra".........Do not try to figure this out......the whole thing makes no sense........
In my portfolio I sold FDRY @ 25 cents loss......and bought more RIMM......
SNDK remained GREEN and was UP $1.18...and just now Cramer is pushing SNDK like crazy on Mad Money with live interview with CEO Eli Harari...I firmly believe that SNDK is the next RIMM......SNDK is moving further UP in AH.....
CMED gave me 93 cents today as it also closed GREEN.....
STP made a heroic comeback in the last 30 minutes and was down 49 cents.....
My big downer was RIMM down $10.01.....
SNDA lost another $2.10 to close 1 cent below 200 dma...on TRIPLE the volume...sounds like a total capitulation & discounting of all issues.......
After I counted all of my change I was down 1.6% in my portfolio.....not bad considering the intensity of selloff.
SIRF continued its march to recovery from its major selloff UP 80 cents.
LVS went to new 52 wk high today...closed UP $1.85.
HOKU gained 99 Cents on heavy volume.
NDAQ UP $1.08...while all exchange went down.
All I can hope that we do not wake up to any credit issues.......
BLOG does not give buy or sell.
Saleem
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