The following stocks are showing momentum.Please use stop.
NVT,FMCN,CMED,SNDK,NMX,FSLR,LVS,BIDU,AAPL,
RIMM,VMW,NVDA,JNPR,SNDA,ALVR,AMZN,MT,
CMG,CY,CTRP,GRMN,GME,HANS,JEC,NTGR,
PTR,SPWR,TASR,ISRG,MR,LDK,JASO,GOOG,IGT,
WYNN,HPQ,CROX,UA.
Please monitor the TAPE closely....it is a "stocks picker market"......
Please stay diversified.
Have a nice weekend.
BLOG does not give buy or sell.
Next post monday around 11 AM EST.
Saleem
Saturday, September 29, 2007
Technically STRONG stocks for Q4 record RUNUP $$$
The following stocks are showing strength based on various technical formations.Please do FA for a true picture.
SNDK,NCR,OI,WTW,TRID,TIBX,TLM,CHU,HOT,WEN,MRVL,INCY,
EWJ,MENT,CCJ,HMIN,CROX,ESLR,AAPL,CHNR,ELN,DSX.
TSX (Toronto)
UEX,CP,CAE,PBG,MX,U,IVN,WTO,BLD,THI,TCM,MGA,BCM.
Please stay diversified.
BLOG does not give buy or sell.
Saleem
SNDK,NCR,OI,WTW,TRID,TIBX,TLM,CHU,HOT,WEN,MRVL,INCY,
EWJ,MENT,CCJ,HMIN,CROX,ESLR,AAPL,CHNR,ELN,DSX.
TSX (Toronto)
UEX,CP,CAE,PBG,MX,U,IVN,WTO,BLD,THI,TCM,MGA,BCM.
Please stay diversified.
BLOG does not give buy or sell.
Saleem
Technically WEAK stocks for Q4 record RUNUP $$$
The following stocks are showing weakness based on various technical formations.Please check FA for a balanced picture.In a runaway bull market even weak stocks MAY go UP.
DUK,SIMG,HOKU,MCCC,GERN,CIEN,URBN,NCTY,BZH,NVTL,
PIR,CCOI.
TSX (Toronto)
NKO,RCI.B,TOC,AGI,OIL,CWB,TCK.A,ELD.
Please stay diversified.
BLOG does not give buy or sell.
Saleem
DUK,SIMG,HOKU,MCCC,GERN,CIEN,URBN,NCTY,BZH,NVTL,
PIR,CCOI.
TSX (Toronto)
NKO,RCI.B,TOC,AGI,OIL,CWB,TCK.A,ELD.
Please stay diversified.
BLOG does not give buy or sell.
Saleem
Friday, September 28, 2007
Markets took a PAUSE today !!!!
Markets were flattish @ close......
Lot of profit taking...did not do too much damage.....a good thing !!!!
Markets will look to a new month and a start of new Q......
In my portfolio.....
NVT UP 75 Cents....wants to go higher..... to new all-time HIGH$$$$
FMCN made a HUGE comeback down $1.13....after being down $3.57...take that cramer & Najarian....they are "chicken and afraid of height " further improving AH.....Monday looks pretty good for FMCN.....
WFR down $1.89 on UBS negative commentary......biggest laggard Silicon Wafer maker.....
SNDK is super healthy NOW UP 32 Cents in a weak tape.....SNDK UP back to back to back $$$$
NMX down $2.30.....any exciting news monday AM...either way it is looking ready for a blastoff $$$
CMED UP 55 Cents ..15 cents away from new 52 week high.....tape was very impressive in a down day.....
TZOO was UP on takeover rumour......
FSLR was flying.......
Chinese junior stocks took a beating KONG,CBAK,CNTF........
By 10 AM on saturday...I will post list of technically weak/strong & momentum stocks....so that you can do your own due diligence in a diversified manner......
This is a stock pickers market...so do homework & know your stocks FA & TA well.
BLOG does not give buy or sell.
Saleem
Lot of profit taking...did not do too much damage.....a good thing !!!!
Markets will look to a new month and a start of new Q......
In my portfolio.....
NVT UP 75 Cents....wants to go higher..... to new all-time HIGH$$$$
FMCN made a HUGE comeback down $1.13....after being down $3.57...take that cramer & Najarian....they are "chicken and afraid of height " further improving AH.....Monday looks pretty good for FMCN.....
WFR down $1.89 on UBS negative commentary......biggest laggard Silicon Wafer maker.....
SNDK is super healthy NOW UP 32 Cents in a weak tape.....SNDK UP back to back to back $$$$
NMX down $2.30.....any exciting news monday AM...either way it is looking ready for a blastoff $$$
CMED UP 55 Cents ..15 cents away from new 52 week high.....tape was very impressive in a down day.....
TZOO was UP on takeover rumour......
FSLR was flying.......
Chinese junior stocks took a beating KONG,CBAK,CNTF........
By 10 AM on saturday...I will post list of technically weak/strong & momentum stocks....so that you can do your own due diligence in a diversified manner......
This is a stock pickers market...so do homework & know your stocks FA & TA well.
BLOG does not give buy or sell.
Saleem
Markets digesting profit taking !!!!
Market are digesting profit taking from "nervous investors"
Economic news showing inflation moderating & consumers still alive & WELL.....
Market wants to go higher...once it absorbes selling......
Did lot of trading this AM......
Sold all CBAK for almost $2 per share gain.....
Sold all SDTH for a loss of 80 cents per share on a smaller position...
Added 25% more NMX..my sixth purchase so far.....my cost moves UP to $125.97....
Added 25 % more FMCN my cost now $50.55.....
Added 34% more WFR my cost now $59.00....
Like the market...my portfolio is mostly down..which gave me the courage to add aggressively to my existing position....
FMCN had a very good CC and that is the biggest reason why i added more to my position...most analyst were also impressed with their Q2 results and their UPPED guidance for Q3.....their new target for FMCN is around $71......a substantial room for FMCN to move UP....
FMCN is down mostly because of profit taking....as FMCN has moved UP in the last week.....
Fast Money Pete Najarian who said sell BIDU @ $186...now screaming "sell FMCN and take your profit"...he will be wrong AGAIN...as early as today's close......$$$$$
Chinese junior speculative stocks are taking a beating today...because of sharp runup......
My portfolio is :
FMCN,WFR,NMX,NVT,SNDK & CMED......
Other stocks which is green @ 11.30 AM are:
JNPR,AMAT,SIRF (3rd day UP),WYN,AUY,VLO,FSLR,
NCTY (recovering from a major selloff),TZOO (on very heavy volume..no news UP$3),
LRCX,ABX,GG.
Gold is UP $10 to 27 year high...
Oil staying high @ record level....
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Economic news showing inflation moderating & consumers still alive & WELL.....
Market wants to go higher...once it absorbes selling......
Did lot of trading this AM......
Sold all CBAK for almost $2 per share gain.....
Sold all SDTH for a loss of 80 cents per share on a smaller position...
Added 25% more NMX..my sixth purchase so far.....my cost moves UP to $125.97....
Added 25 % more FMCN my cost now $50.55.....
Added 34% more WFR my cost now $59.00....
Like the market...my portfolio is mostly down..which gave me the courage to add aggressively to my existing position....
FMCN had a very good CC and that is the biggest reason why i added more to my position...most analyst were also impressed with their Q2 results and their UPPED guidance for Q3.....their new target for FMCN is around $71......a substantial room for FMCN to move UP....
FMCN is down mostly because of profit taking....as FMCN has moved UP in the last week.....
Fast Money Pete Najarian who said sell BIDU @ $186...now screaming "sell FMCN and take your profit"...he will be wrong AGAIN...as early as today's close......$$$$$
Chinese junior speculative stocks are taking a beating today...because of sharp runup......
My portfolio is :
FMCN,WFR,NMX,NVT,SNDK & CMED......
Other stocks which is green @ 11.30 AM are:
JNPR,AMAT,SIRF (3rd day UP),WYN,AUY,VLO,FSLR,
NCTY (recovering from a major selloff),TZOO (on very heavy volume..no news UP$3),
LRCX,ABX,GG.
Gold is UP $10 to 27 year high...
Oil staying high @ record level....
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Thursday, September 27, 2007
FMCN Conference Call.......
FMCN conference call was very impressive......
FMCN CFO was "brilliant".....smartest CFO I have ever heard in any CC.
CFO explained that there has been an increase in number of shares starting late Q2 ...due to performance objectives attained by the company FMCN purchased...part of buying arrangement...Q3 will have the full impact of shares issued.
FMCN is "highly focussed in growing all ad business"
FMCN is growing internet ad business both in $$ & higher margin...
FMCN has divided Ad business into three segments....Digital LCD/LED,Internet & Wireless.
FMCN have revamped their Sales strategy to offer selective area to accomodate the "need of big advertisers"...
CC increased my confidence in management "big time"
"It is the management which is the biggest asset of FMCN"
Management & CFO are extremely "hungry & focussed to grow their sales & margins"
Please do your own due diligence as I own FMCN in my portfolio.
BLOG does not give buy or sell.
Saleem
FMCN CFO was "brilliant".....smartest CFO I have ever heard in any CC.
CFO explained that there has been an increase in number of shares starting late Q2 ...due to performance objectives attained by the company FMCN purchased...part of buying arrangement...Q3 will have the full impact of shares issued.
FMCN is "highly focussed in growing all ad business"
FMCN is growing internet ad business both in $$ & higher margin...
FMCN has divided Ad business into three segments....Digital LCD/LED,Internet & Wireless.
FMCN have revamped their Sales strategy to offer selective area to accomodate the "need of big advertisers"...
CC increased my confidence in management "big time"
"It is the management which is the biggest asset of FMCN"
Management & CFO are extremely "hungry & focussed to grow their sales & margins"
Please do your own due diligence as I own FMCN in my portfolio.
BLOG does not give buy or sell.
Saleem
Markets closed Higher again $$$$
Markets were strong all over...all indices are moving higher & higher......
All three indices are in the process of challenging july highs.....
Friday is the last day for end of month & end of Q window dressing .....
Chinese junior stocks are on fire .....KONG was the superstar on imroving fundamentals for their sector which includes HRAY,LTON & SINA.......
FMCN reported AH.......
FMCN beat Q2 by 3 or 4 cents depending on Reuters or Zacks/YHOO....also reported higher revenues........
Guiding much higher revenues and projecting 1 cent less EPS on much higher share count.....this was the reason for AH weakness.
FMCN CC starts @ 9PM EST....then they will be able to restate why the higher share count in Q3.....
FMCN lifted FY 07 revenue by $50 million higher to $440 to $450 million vs $390 to $400 million consensus.....this is a good thing.......
FMCN is projected "much higher internet Ad revenue vs consensus"...
I will not worry about any pullback..as it will be very temporary as we look beyond Q3....looks like Q4 will be a blowout......
FMCN could also be playing old wall street game of "lowballing for Q3...as learned from AAPL"
Analyst should be ready to move FMCN stock higher once they factor AH selloff.......almost 1.4 million shares were traded AH by 6.53PM...
FMCN trading @ 7.22 PM Bid $57.82 Ask $58.25......which is further down 90 Cents for a total of Down $1.80...from yesterday's close.......this will be the first down day in a while !!!!
In my portfolio....
NVT UP $1.07.....
FMCN Down 90 Cents...
WFR UP 52 Cents.....
SNDK is alive UP $1.21.....
NMX UP $3.27.....rumour of buyout was alive since Noon $$$$$
CMED UP 65 Cents.......
CBAK UP $1.45....tommorrow should very interesting..as sellers were taking profit..which was absorbed whole day......on very heavy volume of 30.1 million shares almost double of yesterday's record 16+ million shares......
SDTH UP 12 Cents......
Good luck for friday the 28th.................
BLOG does not give buy or sell.
Saleem
All three indices are in the process of challenging july highs.....
Friday is the last day for end of month & end of Q window dressing .....
Chinese junior stocks are on fire .....KONG was the superstar on imroving fundamentals for their sector which includes HRAY,LTON & SINA.......
FMCN reported AH.......
FMCN beat Q2 by 3 or 4 cents depending on Reuters or Zacks/YHOO....also reported higher revenues........
Guiding much higher revenues and projecting 1 cent less EPS on much higher share count.....this was the reason for AH weakness.
FMCN CC starts @ 9PM EST....then they will be able to restate why the higher share count in Q3.....
FMCN lifted FY 07 revenue by $50 million higher to $440 to $450 million vs $390 to $400 million consensus.....this is a good thing.......
FMCN is projected "much higher internet Ad revenue vs consensus"...
I will not worry about any pullback..as it will be very temporary as we look beyond Q3....looks like Q4 will be a blowout......
FMCN could also be playing old wall street game of "lowballing for Q3...as learned from AAPL"
Analyst should be ready to move FMCN stock higher once they factor AH selloff.......almost 1.4 million shares were traded AH by 6.53PM...
FMCN trading @ 7.22 PM Bid $57.82 Ask $58.25......which is further down 90 Cents for a total of Down $1.80...from yesterday's close.......this will be the first down day in a while !!!!
In my portfolio....
NVT UP $1.07.....
FMCN Down 90 Cents...
WFR UP 52 Cents.....
SNDK is alive UP $1.21.....
NMX UP $3.27.....rumour of buyout was alive since Noon $$$$$
CMED UP 65 Cents.......
CBAK UP $1.45....tommorrow should very interesting..as sellers were taking profit..which was absorbed whole day......on very heavy volume of 30.1 million shares almost double of yesterday's record 16+ million shares......
SDTH UP 12 Cents......
Good luck for friday the 28th.................
BLOG does not give buy or sell.
Saleem
Markets ignoring weakness in economy !!!
Markets are digesting all the anticipated negative news in housing & economy with confidence.
Fed gave a helping hand by pumping billions in the system again today to "improve liquidity"...
Markets should be very strong going into friday....because of month end & Q end......
MM & Hedge funds are trying very hard to push selected stocks down on no news.....so they can cover their short position or accumulate more @ lower levels.
Today I bought in pre-market SDTH a chemical supplier to coal industry & others in China....
SDTH Sales are expected to be in 12/08 $127.73 millions
EPS is expected to be 59 Cents..
SDTH PE on 12/08 is 11......
I paid $6.95 and it is trading lower @ $6.53......
My portfolio is behaving like this :
NVT is UP 95 Cents....
FMCN which reports AH is down 84 Cents...
WFR is UP 80 Cents...after being down $1.20 in the first hour....WFR has REVERSED strongly after retesting its support....looks very good on reversal...technically speaking $$$$
SNDK is very "healthy now" UP $1.91...back to back gain in a long time...exactly @ my cost NOW.....on heavy volume...
NMX down $1.59 Cents.....has a tendency of reversing/improving in the last hour......
CMED UP 54 Cents ...earlier it went to another new 52 wk high.....
CBAK is "on fire again" UP $1.84 on 19 million plus shares traded in less than two hours.....exceeding yesterday's record volume of 16.7 million for whole day !!!!!
SDTH last trade $6.47 UP 27 Cents....
Other stocks which I monitor @ 11.25 are as follows :
RIMM ( new high),SIRF ( on upgrade),BIDU ( technical bounce),
WYNN (new high),LVS,NYX,GRMN,FSLR (kissing new high),
AAPL,SNE,NMR,INFY.
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Fed gave a helping hand by pumping billions in the system again today to "improve liquidity"...
Markets should be very strong going into friday....because of month end & Q end......
MM & Hedge funds are trying very hard to push selected stocks down on no news.....so they can cover their short position or accumulate more @ lower levels.
Today I bought in pre-market SDTH a chemical supplier to coal industry & others in China....
SDTH Sales are expected to be in 12/08 $127.73 millions
EPS is expected to be 59 Cents..
SDTH PE on 12/08 is 11......
I paid $6.95 and it is trading lower @ $6.53......
My portfolio is behaving like this :
NVT is UP 95 Cents....
FMCN which reports AH is down 84 Cents...
WFR is UP 80 Cents...after being down $1.20 in the first hour....WFR has REVERSED strongly after retesting its support....looks very good on reversal...technically speaking $$$$
SNDK is very "healthy now" UP $1.91...back to back gain in a long time...exactly @ my cost NOW.....on heavy volume...
NMX down $1.59 Cents.....has a tendency of reversing/improving in the last hour......
CMED UP 54 Cents ...earlier it went to another new 52 wk high.....
CBAK is "on fire again" UP $1.84 on 19 million plus shares traded in less than two hours.....exceeding yesterday's record volume of 16.7 million for whole day !!!!!
SDTH last trade $6.47 UP 27 Cents....
Other stocks which I monitor @ 11.25 are as follows :
RIMM ( new high),SIRF ( on upgrade),BIDU ( technical bounce),
WYNN (new high),LVS,NYX,GRMN,FSLR (kissing new high),
AAPL,SNE,NMR,INFY.
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Wednesday, September 26, 2007
Markets building "momentum" $$$
Markets closed "higher across the board"......
Market internals were strong....
Up volume,Advancing stocks & new 52 week highs led by a comfortable margin.......
As it is the end of the month & end of the Q......be ready for more "fireworks"......
Market is looking for excuse to go UP......so bad news is good news & good news is also good news.....
In my portfolio the action were as follows.......
NVT down $1.47..slight retracement of its huge gain yesterday......went to new all-time high....
WFR down $2.66 on average volume......the most "undervalued solar play ???? "
FMCN UP $2.26 to new all-time high on 71.4% more volume.....inspite of the fact that Jimmy the Cramer "yelled sell and take half the profi and guarenteed that FMCN $9 gain will evaporate"...so we added $2.26 to $9 and adding further... UP in AH......
FMCN reports Q2 AH on thursday....Sales $103.02 million...EPS 35 Cents....expecting a BEAT & "good guidance for Q3 inspite of audit expenses"....
SNDK UP $1.31 after being in ICU for 2 months......
NMX UP $3.51...the RUN has started !!!!!
CMED UP $1.50 on million+ volume...33.4% higher than average volume...CMED went to new 52 week high......
CBAK the chinese battery maker UP $2.33 on 16.7 million volume an increase of 3100% of average volume.....CBAK expected to earn 32 cents FY 9/08........
RIMM new high.....
GOOG new high....
AAPL new high.....
ISRG new high...
CTRP new high...
GRMN new high....
HPQ new high.....
Good luck on thursday.
BLOG does not give buy or sell.
Saleem
Market internals were strong....
Up volume,Advancing stocks & new 52 week highs led by a comfortable margin.......
As it is the end of the month & end of the Q......be ready for more "fireworks"......
Market is looking for excuse to go UP......so bad news is good news & good news is also good news.....
In my portfolio the action were as follows.......
NVT down $1.47..slight retracement of its huge gain yesterday......went to new all-time high....
WFR down $2.66 on average volume......the most "undervalued solar play ???? "
FMCN UP $2.26 to new all-time high on 71.4% more volume.....inspite of the fact that Jimmy the Cramer "yelled sell and take half the profi and guarenteed that FMCN $9 gain will evaporate"...so we added $2.26 to $9 and adding further... UP in AH......
FMCN reports Q2 AH on thursday....Sales $103.02 million...EPS 35 Cents....expecting a BEAT & "good guidance for Q3 inspite of audit expenses"....
SNDK UP $1.31 after being in ICU for 2 months......
NMX UP $3.51...the RUN has started !!!!!
CMED UP $1.50 on million+ volume...33.4% higher than average volume...CMED went to new 52 week high......
CBAK the chinese battery maker UP $2.33 on 16.7 million volume an increase of 3100% of average volume.....CBAK expected to earn 32 cents FY 9/08........
RIMM new high.....
GOOG new high....
AAPL new high.....
ISRG new high...
CTRP new high...
GRMN new high....
HPQ new high.....
Good luck on thursday.
BLOG does not give buy or sell.
Saleem
Markets cheering GM settlement !!!
Markets took a cue from GM settlement and "futures went UP"
GM settlement is very significant as it removes another negative from impending economic recovery......
Markets are firmly in green.....
We are approaching end of the month,end of Q window dressing.....
Tremendous buying power is available to retail & institutions because of this UPTURN.....
I did some buying right @ open
Added 26% more NMX..my cost now is $124.88...
Added 45% more to my sick & dead SNDK..cost now $55.48...
Bought a Chinese speculative play CBAK cost $6.36......
My portfoli is doing the following :
NVT down $1.02..a little pullback after a major JUMP yesterday...they got another contract fot digital map for Quebec a province in Canada.
FMCN UP another $1.32...follow thru from yesterday...still it is a laggard...considering all the ads they are getting all over China...plus a GRAVY of olympics......
WFR giving back 91 Cents....becoming more laggard in solar Silicon Wafer business.....
SNDK is ALIVE UP $1.62...after being oversold....
NMX UP $3.80...ready to move UP.....
CMED UP $1.74 ..went to new 52 wk high....
CBAK is trading near my cost......
New High RIMM,AAPL,GOOG.......
Good luck on rest of the day.....
BLOG does not give buy or sell.
GOOG blog was out of commission..thus delaying my post.
Saleem
GM settlement is very significant as it removes another negative from impending economic recovery......
Markets are firmly in green.....
We are approaching end of the month,end of Q window dressing.....
Tremendous buying power is available to retail & institutions because of this UPTURN.....
I did some buying right @ open
Added 26% more NMX..my cost now is $124.88...
Added 45% more to my sick & dead SNDK..cost now $55.48...
Bought a Chinese speculative play CBAK cost $6.36......
My portfoli is doing the following :
NVT down $1.02..a little pullback after a major JUMP yesterday...they got another contract fot digital map for Quebec a province in Canada.
FMCN UP another $1.32...follow thru from yesterday...still it is a laggard...considering all the ads they are getting all over China...plus a GRAVY of olympics......
WFR giving back 91 Cents....becoming more laggard in solar Silicon Wafer business.....
SNDK is ALIVE UP $1.62...after being oversold....
NMX UP $3.80...ready to move UP.....
CMED UP $1.74 ..went to new 52 wk high....
CBAK is trading near my cost......
New High RIMM,AAPL,GOOG.......
Good luck on rest of the day.....
BLOG does not give buy or sell.
GOOG blog was out of commission..thus delaying my post.
Saleem
Tuesday, September 25, 2007
Nasdaq tape stronger today $$$$
Markets shrugged off lot of "bad news about housing".......
Markets ignored all the bad news and took care of all the selling and still NYSE & Nasdaq closed into "green".......
Nasdaq UP volume was 72.2% higher than declining volume..."a good thing".....
Cramer is not gracious about his bad call to sell RIMM,AAPL,AMZN & GOOG.......now claiming that his call was "good...BUT institutions were buying for the end of the Q and will do so until thursday"......Cannot wait for his "new & improved explanation/excuse for Friday UPTICK if it happens"
Cramer showed his "extreme insecurity by claiming that he recommended FMCN...which I never heard him to do so......also grossly misrepresented facts by claiming that FMCN went UP $9 on a good Q report...which they do not report until 27th sep AH".....I guess Cramer felt a dire need to be associated with FMCN big move UP today ????
Today I am extremely humbled by my gains in my portfolio..... 100% better than my previous best in "one day"......FA/TA/TIMING/LUCK.....all played a role ......and I thank my stars for that $$$......
FMCN went UP $9.29 on almost 6 times the average volume......to a new alltime high $$$$
FMCN market cap $6.19 billion..............BIDU $10.18 billion
FMCN 12/07 Sales $406.05 million......BIDU 12/07 Sales $224.05 million
FMCN 12/07 EPS $1.43........................BIDU 12/07 EPS $2.22
FMCN PE 40.41........................................BIDU PE 135.10
So which stock is a "screaming BUY"................
NVT went UP $7.62 on 77.7% more volume than average to a new alltime high $$$$
NVT is still reasonable in market cap compared to GRMN...which is 3.39 times higher as of today's close.......
WFR UP $2.06....still $5.91 away from old 52 week high......I still call WFR laggard in Silicon Wafer play $$$$$$
SNDK UP 37 Cents...still sick and still dead....
NMX UP 60 Cents.....just about "ready to come ALIVE"......
CMED UP 94 Cents.....need to challenge its 52 week high of $42.34...only $2.25 away $$$$
RIMM,AAPL,GRMN,SNDA were the superstars today........
NVDA ready to cross into "new alltime HIGH".....
Good luck on wed trading...cloud is lifting.....markets may rally $$$$
BLOG does not give buy or sell.
Saleem
Markets ignored all the bad news and took care of all the selling and still NYSE & Nasdaq closed into "green".......
Nasdaq UP volume was 72.2% higher than declining volume..."a good thing".....
Cramer is not gracious about his bad call to sell RIMM,AAPL,AMZN & GOOG.......now claiming that his call was "good...BUT institutions were buying for the end of the Q and will do so until thursday"......Cannot wait for his "new & improved explanation/excuse for Friday UPTICK if it happens"
Cramer showed his "extreme insecurity by claiming that he recommended FMCN...which I never heard him to do so......also grossly misrepresented facts by claiming that FMCN went UP $9 on a good Q report...which they do not report until 27th sep AH".....I guess Cramer felt a dire need to be associated with FMCN big move UP today ????
Today I am extremely humbled by my gains in my portfolio..... 100% better than my previous best in "one day"......FA/TA/TIMING/LUCK.....all played a role ......and I thank my stars for that $$$......
FMCN went UP $9.29 on almost 6 times the average volume......to a new alltime high $$$$
FMCN market cap $6.19 billion..............BIDU $10.18 billion
FMCN 12/07 Sales $406.05 million......BIDU 12/07 Sales $224.05 million
FMCN 12/07 EPS $1.43........................BIDU 12/07 EPS $2.22
FMCN PE 40.41........................................BIDU PE 135.10
So which stock is a "screaming BUY"................
NVT went UP $7.62 on 77.7% more volume than average to a new alltime high $$$$
NVT is still reasonable in market cap compared to GRMN...which is 3.39 times higher as of today's close.......
WFR UP $2.06....still $5.91 away from old 52 week high......I still call WFR laggard in Silicon Wafer play $$$$$$
SNDK UP 37 Cents...still sick and still dead....
NMX UP 60 Cents.....just about "ready to come ALIVE"......
CMED UP 94 Cents.....need to challenge its 52 week high of $42.34...only $2.25 away $$$$
RIMM,AAPL,GRMN,SNDA were the superstars today........
NVDA ready to cross into "new alltime HIGH".....
Good luck on wed trading...cloud is lifting.....markets may rally $$$$
BLOG does not give buy or sell.
Saleem
Markets absorbing sell into strength !!!!
Markets are showing resiliency this morning...inspite of yesterday's poor TAPE......
Nasdaq is giving the feeling that it wants to go " further HIGHER "......
A strong close will be very good for rally to continue....otherwise it is a "toppy tape".....
Bull Markets can defy "common sense LOGIC for a long long time"....we COULD be @ such a juncture.......
Today's "green indices so early is a major surprise for me"......that shows how much I know about Wall & Broad......
I will take any GAIN...reasons NOT important $$$$$
This AM on weakness I added 6% more NMX....my cost now $124.27.....
I normally BUY any good stock which is "mispriced"..based on FA or TA...NMX certainly belongs in that category......so I think !!!
If all the stocks in my portfolio close where they are currently trading...it will be the "biggest gain in one day ever......ever goes back to 40 years of investing !!!!
FMCN which I had identified as the biggest laggard in high growth Chinese stock is "rocketing UP $8.44 on 11 million share in first 100 minute".....
FMCN filed its last Q report and is reporting its next ER on 27th Sep AH......and that removes the biggest obstacle to its UP move.....
FMCN is @ new all-time HIGH @ $56.78 ...beating previous high by $4+....
NVT is also @ alltime high UP $5.18..beating old high by almost $3..on very heavy volume...
WFR UP 53 Cents......
SNDK UP 31 Cents.....as they say when a stock is sick...they die .....
NMX UP 81 Cents......
CMED UP 66 Cents.....
Other stocks @ 11.26AM which are green includes :
AAPL(new high),RIMM(new high),GRMN,TSL,ICE(added to S&P500),YHOO,CTRP,
FSLR,OXPS,SNDA (new high),JASO.
Happy trading for the rest of nasdaq "green day".
BLOG does not give buy or sell.
Saleem
Nasdaq is giving the feeling that it wants to go " further HIGHER "......
A strong close will be very good for rally to continue....otherwise it is a "toppy tape".....
Bull Markets can defy "common sense LOGIC for a long long time"....we COULD be @ such a juncture.......
Today's "green indices so early is a major surprise for me"......that shows how much I know about Wall & Broad......
I will take any GAIN...reasons NOT important $$$$$
This AM on weakness I added 6% more NMX....my cost now $124.27.....
I normally BUY any good stock which is "mispriced"..based on FA or TA...NMX certainly belongs in that category......so I think !!!
If all the stocks in my portfolio close where they are currently trading...it will be the "biggest gain in one day ever......ever goes back to 40 years of investing !!!!
FMCN which I had identified as the biggest laggard in high growth Chinese stock is "rocketing UP $8.44 on 11 million share in first 100 minute".....
FMCN filed its last Q report and is reporting its next ER on 27th Sep AH......and that removes the biggest obstacle to its UP move.....
FMCN is @ new all-time HIGH @ $56.78 ...beating previous high by $4+....
NVT is also @ alltime high UP $5.18..beating old high by almost $3..on very heavy volume...
WFR UP 53 Cents......
SNDK UP 31 Cents.....as they say when a stock is sick...they die .....
NMX UP 81 Cents......
CMED UP 66 Cents.....
Other stocks @ 11.26AM which are green includes :
AAPL(new high),RIMM(new high),GRMN,TSL,ICE(added to S&P500),YHOO,CTRP,
FSLR,OXPS,SNDA (new high),JASO.
Happy trading for the rest of nasdaq "green day".
BLOG does not give buy or sell.
Saleem
Monday, September 24, 2007
Rally failed today ?????
Markets failed to hold their gains....a REVERSAL in progress !!!!!
Market internals were "negative".......
More declining volume.....
More declining stocks.......
The above is a sign of "markets need a pullback"...which MAY have started today !!!
2 to 3 % pullback should not "surprise anybody".......
Market went into "overbought area"....
Not all stocks will pullback.........
Stocks with "most gain will pullback the most".......
It is alway's important to take "profit along the way.....do not fight for the last $$$".....
There is "two weeks left into next set of ER......thus a healthy pullback for strong stocks"
After ER momentum stocks will "fly again" $$$$$$
In my portfolio the following happened :
Sold SWIR and took a loss of $1.12 per share.....
Bought CMED @ $38.95 as it is stable after Brean Murray downgrade on thursday...that day CMED traded 2 million+ shares and was down to a low of $38.20 from previous day high of $42.34.....RSI 63.85
SNDK was down $1.66 on below average volume...it is washed out.....RSI 45.87
NMX UP 77 Cents.....trading @ low end of all exchange stock...RSI 49.77
FMCN UP 79 Cents.....RSI 69.70
WFR UP $1.98 on heavy volume....RSI 57.50
NVT UP 33 Cent...RSI 64.60
Why am I giving RSI on every stock today.....hopefully you will also re-evaluate your portfolio the same way....high RSI will correct in a hurry !!!
Jimmy the Cramer is making an "obvious technical call saying markets will pullback...and wisely telling everyone to take profit in RIMM,AAPL,GOOG,AMZN "
Based on all of the above....tommorrow could be a "rough day with markets pulling back & everyone locking profit"
If I sell anything I will post in my 11AM report.......
I may sell to lock ANY profit as I do expect 2 weeks to be down to neutral @ best......
I do have sizeable gain...which I would like to preserve.......
I have already pulled out 15% equity as of wed AM.....
Good luck on your strategy for next TWO weeks.......
BLOG does not give buy or sell.
Saleem
Market internals were "negative".......
More declining volume.....
More declining stocks.......
The above is a sign of "markets need a pullback"...which MAY have started today !!!
2 to 3 % pullback should not "surprise anybody".......
Market went into "overbought area"....
Not all stocks will pullback.........
Stocks with "most gain will pullback the most".......
It is alway's important to take "profit along the way.....do not fight for the last $$$".....
There is "two weeks left into next set of ER......thus a healthy pullback for strong stocks"
After ER momentum stocks will "fly again" $$$$$$
In my portfolio the following happened :
Sold SWIR and took a loss of $1.12 per share.....
Bought CMED @ $38.95 as it is stable after Brean Murray downgrade on thursday...that day CMED traded 2 million+ shares and was down to a low of $38.20 from previous day high of $42.34.....RSI 63.85
SNDK was down $1.66 on below average volume...it is washed out.....RSI 45.87
NMX UP 77 Cents.....trading @ low end of all exchange stock...RSI 49.77
FMCN UP 79 Cents.....RSI 69.70
WFR UP $1.98 on heavy volume....RSI 57.50
NVT UP 33 Cent...RSI 64.60
Why am I giving RSI on every stock today.....hopefully you will also re-evaluate your portfolio the same way....high RSI will correct in a hurry !!!
Jimmy the Cramer is making an "obvious technical call saying markets will pullback...and wisely telling everyone to take profit in RIMM,AAPL,GOOG,AMZN "
Based on all of the above....tommorrow could be a "rough day with markets pulling back & everyone locking profit"
If I sell anything I will post in my 11AM report.......
I may sell to lock ANY profit as I do expect 2 weeks to be down to neutral @ best......
I do have sizeable gain...which I would like to preserve.......
I have already pulled out 15% equity as of wed AM.....
Good luck on your strategy for next TWO weeks.......
BLOG does not give buy or sell.
Saleem
Markets racing to higher HIGHS $$$$
Markets are poised to reach "heights which was unthinkable last monday"
Bears were "rampant"........
Doug Kass,Gartman,Fast Money were all "happy with their DOG,QID,PUTS and many other so-called insurance"
All of the above are still "fighting the tape to the detriment of their financial being"
AND.....they are still giving giving "direction to buy HD and other DOGS of the dow & markets"
Techs are racing to "new highs".......
Today I added 15% more NMX @ open...now my cost is $124.22......there is two reason...I am accumulating NMX...first it is "deeply oversold"RSI is lower than 50......and then the "juice of takeover by either NYX,CME,Dubai mercantile or Qatar funds.......
NVT is UP $1.36...ready for takeoff......nice pullback below $70 to test support and NOW it is "showtime"...got a new contract today for its "digital navigational solution"..Christmas sale will be in "record territory".....
FMCN is " running away " UP $1.74......it is the most "undervalued Chinese growth company" only $3.84 from its all-time HIGH $$$$$
SNDK meandering down 71 Cents.....inspite of positive fundamental news today...see TA do matter !!!
WFR is the "superstar UP $1.82"...it is the biggest laggard in Solar sector...inspite of being the biggest "silicon wafer maker"...and supplier to the the biggest volume solar panel producer...Wafer spot price is in record territory......which also benefits WFR......plus it supplies wafer to semiconductor industry.....which is also booming due to Xmas sale....
NMX UP $1.93......on above average volume...so far.....
SWIR close to flat line...... after getting drubbing due to secondary..day 3 of selloff today....ready to TURN $$$$
In other stocks which I monitor @ 11.15AM are:
AAPL new HIGH.....
GOOG New High...
BIDU New High....
VMW new high....after I sold yesterday...perfect timing ???
LVS new high...Adelson 3rd richest man in USA......
RIMM new high......
NVDA UP...testing its resistance @ $36 !!!!
Other green TSL,MPEL,ICE,CTRP(new high),WYNN,NYX,GRMN(new high),
FSLR,SOHU (new high),SNDA (new high),STP (almost kissing new high),
JASO.
New HIGHS list is bloating today....buy the strength...stay DIVERSIFIED $$$$
BLOG does not give buy or sell,
Good luck on this "non insurance day"$$$$$
Saleem
Bears were "rampant"........
Doug Kass,Gartman,Fast Money were all "happy with their DOG,QID,PUTS and many other so-called insurance"
All of the above are still "fighting the tape to the detriment of their financial being"
AND.....they are still giving giving "direction to buy HD and other DOGS of the dow & markets"
Techs are racing to "new highs".......
Today I added 15% more NMX @ open...now my cost is $124.22......there is two reason...I am accumulating NMX...first it is "deeply oversold"RSI is lower than 50......and then the "juice of takeover by either NYX,CME,Dubai mercantile or Qatar funds.......
NVT is UP $1.36...ready for takeoff......nice pullback below $70 to test support and NOW it is "showtime"...got a new contract today for its "digital navigational solution"..Christmas sale will be in "record territory".....
FMCN is " running away " UP $1.74......it is the most "undervalued Chinese growth company" only $3.84 from its all-time HIGH $$$$$
SNDK meandering down 71 Cents.....inspite of positive fundamental news today...see TA do matter !!!
WFR is the "superstar UP $1.82"...it is the biggest laggard in Solar sector...inspite of being the biggest "silicon wafer maker"...and supplier to the the biggest volume solar panel producer...Wafer spot price is in record territory......which also benefits WFR......plus it supplies wafer to semiconductor industry.....which is also booming due to Xmas sale....
NMX UP $1.93......on above average volume...so far.....
SWIR close to flat line...... after getting drubbing due to secondary..day 3 of selloff today....ready to TURN $$$$
In other stocks which I monitor @ 11.15AM are:
AAPL new HIGH.....
GOOG New High...
BIDU New High....
VMW new high....after I sold yesterday...perfect timing ???
LVS new high...Adelson 3rd richest man in USA......
RIMM new high......
NVDA UP...testing its resistance @ $36 !!!!
Other green TSL,MPEL,ICE,CTRP(new high),WYNN,NYX,GRMN(new high),
FSLR,SOHU (new high),SNDA (new high),STP (almost kissing new high),
JASO.
New HIGHS list is bloating today....buy the strength...stay DIVERSIFIED $$$$
BLOG does not give buy or sell,
Good luck on this "non insurance day"$$$$$
Saleem
Saturday, September 22, 2007
MOMENTUM stocks for upcoming record RUNUP $$$
The following stocks are showing "momentum"...Please use tight stop.
ATVI,ALVR,AMZN,ANAD,MT,BIDU,BG,LFC,CMG,CTRP,CY,
JEC,FLIR,HANS,GME,NVT,POT,RIMM,CRM,TASR,SPWR,
NVDA,ZUMZ,LDK,STP,FSLR,JASO,GOOG,VMW,LVS,GRMN,
AAPL,SOHU,SINA,SNDA,NYX,EBAY,HPQ.
Please do your own due diligence & find your comfort level.
BLOG does not give buy or sell.
Next post monday @ 11AM EST...the time shown on my post is PST (California time..where GOOG is head quartered...so that is their default time..please add "three hour to get accurate time of posting")
Have a nice weekend.
Saleem
ATVI,ALVR,AMZN,ANAD,MT,BIDU,BG,LFC,CMG,CTRP,CY,
JEC,FLIR,HANS,GME,NVT,POT,RIMM,CRM,TASR,SPWR,
NVDA,ZUMZ,LDK,STP,FSLR,JASO,GOOG,VMW,LVS,GRMN,
AAPL,SOHU,SINA,SNDA,NYX,EBAY,HPQ.
Please do your own due diligence & find your comfort level.
BLOG does not give buy or sell.
Next post monday @ 11AM EST...the time shown on my post is PST (California time..where GOOG is head quartered...so that is their default time..please add "three hour to get accurate time of posting")
Have a nice weekend.
Saleem
Technically STRONG stocks for upcoming record RUNUP $$$
The following stocks are showing strength based on various technical formations.Please check FA for a balance take.
AMKR,URI,DRRX,ABB,FRPT,GMST,NIHD,ARRS,PLXS,FIS,
LOGI,JSDA,MF,ADTN,CRDN,ACLI,BRCM,ASTI,CBRL,
CGP,GT,PRX,AMP,PWR,AC,AU,ROK,TRA,ETR,PSA,
SUNH,CCOI,RGLD,BXP,LAVA,GDX,YHOO,SSP,OCLX.
Please do your own due diligence as technician can be WRONG.
BLOG does not give buy or sell.
Saleem
AMKR,URI,DRRX,ABB,FRPT,GMST,NIHD,ARRS,PLXS,FIS,
LOGI,JSDA,MF,ADTN,CRDN,ACLI,BRCM,ASTI,CBRL,
CGP,GT,PRX,AMP,PWR,AC,AU,ROK,TRA,ETR,PSA,
SUNH,CCOI,RGLD,BXP,LAVA,GDX,YHOO,SSP,OCLX.
Please do your own due diligence as technician can be WRONG.
BLOG does not give buy or sell.
Saleem
Technically WEAK stocks for upcoming record RUNUP $$$
The following stocks are showing WEAKNESS based on various technical formations.Please check FA for a balanced take.
AAPL,CBST,CHB,WNR,CMCSA,QID,ACTU,COMCSK,PWAV.
TSX (Toronto)
HBM,RRZ,WES,RCI.B,SOY,KOS,TAP.B.
Please do your own due diligence as technician can be WRONG also.
BLOG does not give buy or sell.
Saleem
AAPL,CBST,CHB,WNR,CMCSA,QID,ACTU,COMCSK,PWAV.
TSX (Toronto)
HBM,RRZ,WES,RCI.B,SOY,KOS,TAP.B.
Please do your own due diligence as technician can be WRONG also.
BLOG does not give buy or sell.
Saleem
Friday, September 21, 2007
Markets closed Strong inspite of quad witching !!!
Markets closed strong inspite of OE maneauverings.....
Markets UP volume was 2 to 1 on both NYSE & Nasdaq......this showed that Institutions & retails were net buyers.......
I have a very strong feeling that "bull run will take hold"......
I sold my entire position in VMW and booked a profit of $8.58 per share.....
I reinvested all of my proceed into the following :
Doubled my stake in NVT as it was being manipulated for OE....my cost now is $70.16...
Doubled my stake in SWIR as it was basing nicely after secondary selloff.....my cost now $23.27..
Added 35% more NMX as it is almost ready for an UP move..my cost now $124.17....
In my portfolio :
FMCN UP $1.31....ready for "breakout @$48.46...target $51.72"...
WFR UP 72 Cents...target $62.89
SNDK UP 22 Cents.....target $56.68
NMX UP $1.03.....target $132.68...
NVT down $1.38.."ready for breakout @ $71.84...target $77.56"....
SWIR down 12 Cents.."ready for breakout @ $23.33...target $26.26"...
Today many stocks were strong .......
GOOG.....new all time high.....
BIDU....new all time HIGH....
Most solar stocks were very strong...STP,JASO,FSLR & TSL to name a few.....
AAPL ready to take 52 week high.....
RIMM @ new all time high......
By 10 AM EST...I will be posting a list of technically WEAK/STRONG/MOMENTUM stocks...
BLOG does not give buy or sell...so please ALWAYS do your own due diligence.
Saleem
Markets UP volume was 2 to 1 on both NYSE & Nasdaq......this showed that Institutions & retails were net buyers.......
I have a very strong feeling that "bull run will take hold"......
I sold my entire position in VMW and booked a profit of $8.58 per share.....
I reinvested all of my proceed into the following :
Doubled my stake in NVT as it was being manipulated for OE....my cost now is $70.16...
Doubled my stake in SWIR as it was basing nicely after secondary selloff.....my cost now $23.27..
Added 35% more NMX as it is almost ready for an UP move..my cost now $124.17....
In my portfolio :
FMCN UP $1.31....ready for "breakout @$48.46...target $51.72"...
WFR UP 72 Cents...target $62.89
SNDK UP 22 Cents.....target $56.68
NMX UP $1.03.....target $132.68...
NVT down $1.38.."ready for breakout @ $71.84...target $77.56"....
SWIR down 12 Cents.."ready for breakout @ $23.33...target $26.26"...
Today many stocks were strong .......
GOOG.....new all time high.....
BIDU....new all time HIGH....
Most solar stocks were very strong...STP,JASO,FSLR & TSL to name a few.....
AAPL ready to take 52 week high.....
RIMM @ new all time high......
By 10 AM EST...I will be posting a list of technically WEAK/STRONG/MOMENTUM stocks...
BLOG does not give buy or sell...so please ALWAYS do your own due diligence.
Saleem
Markets holding UP well on OE $$$$
Markets have maintained "green all morning"......
Gold is on a roll UP another $3.50 to $743 area.......Gold is looking "overbought NOW"
Gold stocks also are in "overbought area"......
Oil is also looking "toppy @ around $82 area......
US$ is "oversold big time".......have reached a major support area......
C$ is almost @ PAR......may go another 2 Cents higher $$$$$$
In my portfolio :
VMW is UP $1.15...wants to go higher.....after making a nice base below $78......
FMCN is UP 62 Cents...resting after a major lift off from support..once it crosses $48.47..it should move UP sharply......
WFR is UP $1.29.....after testing & retesting support....should move UP strongly.....
SNDK is UP 63 Cents...readying to challenge "upper end of the trading range which is $58 area"
NMX is UP 51 Cents.....building base around $124 area.....
SWIR is staying around unchanged so far......
NVT is down 27 cents...building another base before "breakout point of $71.90"
Other GREEN stocks which I monitor @11.12 are:
GOOG (new all-time HIGH),BIDU,AAPL,RIMM,FSLR,CMED,JNPR,TSL,AMAT,
CTRP,RVBD,NYX (made a strong base),VLO,GRMN,HOKU,SOHU (new high),
XING,HPQ (new high),LRCX,SNDA.
Good luck on this mini "short squeeze day"
BLOG does not give buy or sell.
Saleem
Gold is on a roll UP another $3.50 to $743 area.......Gold is looking "overbought NOW"
Gold stocks also are in "overbought area"......
Oil is also looking "toppy @ around $82 area......
US$ is "oversold big time".......have reached a major support area......
C$ is almost @ PAR......may go another 2 Cents higher $$$$$$
In my portfolio :
VMW is UP $1.15...wants to go higher.....after making a nice base below $78......
FMCN is UP 62 Cents...resting after a major lift off from support..once it crosses $48.47..it should move UP sharply......
WFR is UP $1.29.....after testing & retesting support....should move UP strongly.....
SNDK is UP 63 Cents...readying to challenge "upper end of the trading range which is $58 area"
NMX is UP 51 Cents.....building base around $124 area.....
SWIR is staying around unchanged so far......
NVT is down 27 cents...building another base before "breakout point of $71.90"
Other GREEN stocks which I monitor @11.12 are:
GOOG (new all-time HIGH),BIDU,AAPL,RIMM,FSLR,CMED,JNPR,TSL,AMAT,
CTRP,RVBD,NYX (made a strong base),VLO,GRMN,HOKU,SOHU (new high),
XING,HPQ (new high),LRCX,SNDA.
Good luck on this mini "short squeeze day"
BLOG does not give buy or sell.
Saleem
Thursday, September 20, 2007
Mild pullback by markets on day three !!!!
Markets had a mild retracement after major two day moves......
NYSE & Nasdaq both managed many more new 52 week highs than new low .....
Today's mild pullback bodes well for friday's close......
In my portfolio :
SNDK,NVT were green for me......
WFR,FMCN,VMW & SWIR were red......
NMX was flat......
Among other stocks.....
GOOG racing to new all-time HIGH...
BIDU does not want to quit going UP....@ $300 the party should be over.....
SINA is in a major bull mode...went to new HIGH on 50% more volume....
EFUT UP $6+ +50% on 50 times the volume.....
STP getting close to top end of the trading range......
CMED got downgraded to hold by Brean Murray on valuation call...down $2.26 on 2 million volume ...highest volume in several weeks......Major support @ $36.49 and then @ $35............
GOOG new all-time high will get lot of coverage on TV........
Good luck on Quadruple witching Friday......we may see another short squeeze $$$$
BLOG does not give buy or sell.
Saleem
NYSE & Nasdaq both managed many more new 52 week highs than new low .....
Today's mild pullback bodes well for friday's close......
In my portfolio :
SNDK,NVT were green for me......
WFR,FMCN,VMW & SWIR were red......
NMX was flat......
Among other stocks.....
GOOG racing to new all-time HIGH...
BIDU does not want to quit going UP....@ $300 the party should be over.....
SINA is in a major bull mode...went to new HIGH on 50% more volume....
EFUT UP $6+ +50% on 50 times the volume.....
STP getting close to top end of the trading range......
CMED got downgraded to hold by Brean Murray on valuation call...down $2.26 on 2 million volume ...highest volume in several weeks......Major support @ $36.49 and then @ $35............
GOOG new all-time high will get lot of coverage on TV........
Good luck on Quadruple witching Friday......we may see another short squeeze $$$$
BLOG does not give buy or sell.
Saleem
Markets absorbing OE selling like sponge !!!!
Markets are taking all OE related selling/strategy with "great confidence so far"....
If this trend prevails.....we will have a strong finish today.......
In my portfolio SWIR is down $1.40 on dilution ..as per their selling of 4 million share @ current levels.......tommorrow I am expecting SWIR to recoup @ least half of today's loss...so i think....
VMW is moving UP in negative market.....becuse of two analyst having target of $89 & $90 based on VMW...two years of lead against competition.....UP $1.18 to $78.78......
FMCN my latest addition took an early tumble to down $2.60...but has nicely recovered...now down only 54 cents.....$45 + is a major support and it held....
FMCN was overbought when I bought yesterday......so a tumble to successful retest of support is good news......now it should move towards breakout of $48.47 $$$$$
NMX is strong today UP $2.35 on record crude contract volume.....
SNDK is UP 90 Cents...moving strongly in a negative tape......
WFR down 90 Cents....
Today I rebought my entire position in NVT @ $ 70.13......making some small dough already $$$$
NVT looks very strong technically...thus reentry !!!!
Other stocks which are green @ 11.21 AM EST are :
JNPR,TSL,MPEL,JASO,BX,ICE,GOOG($5 away from all time high),BIDU,IGT,
LVS,NYX(deeply oversold),VLO,FSLR,AMD,AAPL,NDAQ (Dubai Bourse deal),
AUY,MR,MA.
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
If this trend prevails.....we will have a strong finish today.......
In my portfolio SWIR is down $1.40 on dilution ..as per their selling of 4 million share @ current levels.......tommorrow I am expecting SWIR to recoup @ least half of today's loss...so i think....
VMW is moving UP in negative market.....becuse of two analyst having target of $89 & $90 based on VMW...two years of lead against competition.....UP $1.18 to $78.78......
FMCN my latest addition took an early tumble to down $2.60...but has nicely recovered...now down only 54 cents.....$45 + is a major support and it held....
FMCN was overbought when I bought yesterday......so a tumble to successful retest of support is good news......now it should move towards breakout of $48.47 $$$$$
NMX is strong today UP $2.35 on record crude contract volume.....
SNDK is UP 90 Cents...moving strongly in a negative tape......
WFR down 90 Cents....
Today I rebought my entire position in NVT @ $ 70.13......making some small dough already $$$$
NVT looks very strong technically...thus reentry !!!!
Other stocks which are green @ 11.21 AM EST are :
JNPR,TSL,MPEL,JASO,BX,ICE,GOOG($5 away from all time high),BIDU,IGT,
LVS,NYX(deeply oversold),VLO,FSLR,AMD,AAPL,NDAQ (Dubai Bourse deal),
AUY,MR,MA.
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Wednesday, September 19, 2007
Markets closed UP with strong internals !!!!
Markets closed higher second day in a row.....thank you BB......
Market internals were two to one favouring UP volume/UP advancing stocks and new 52 week highs were leading "big time".....
NYSE & Nasdaq are seeing short covering (hello Doug Kass who is still crying wolf ) and spirited buying by institutions & retail......
Thursday could be a "tough day due to GS ER if percieved as negative & selling ahead of Quad witching"
VMW was the star in my portfolio as it was "oversold" UP $3.70......
WFR gave me $$ after purchase...UP $1.10....
SNDK recovering nicely from being "oversold" UP 73 Cents....
FMCN was down 10 Cents but I had to buy more shares as it dipped from my original purchase price ...bought TWICE today....FMCN is ready for a breakout @ $48.47....then it is UP UP & away $$$$$
NMX cost me 95 cents per share...as it went further down.....it is the most widely talked about "takeover candidate"
SWIR made me small cents......AH they announced $90 million financing through CIBC @ $22.40US.....almost 4 million share...stock down AH 91 cent....deal closing Oct 2....I bought TWICE today ......
NTRI is down $6 today on Citi downgrade.....
GOOG & BIDU marching to their own drummer......
LDK flying on a daily basis......
DELL behaved well today....
SINA UP again today....
BX inching UP daily......
SOHU closed @ new high....
XING UP strongly......
Good luck on thursday.
BLOG does not give buy or sell.
Saleem
Market internals were two to one favouring UP volume/UP advancing stocks and new 52 week highs were leading "big time".....
NYSE & Nasdaq are seeing short covering (hello Doug Kass who is still crying wolf ) and spirited buying by institutions & retail......
Thursday could be a "tough day due to GS ER if percieved as negative & selling ahead of Quad witching"
VMW was the star in my portfolio as it was "oversold" UP $3.70......
WFR gave me $$ after purchase...UP $1.10....
SNDK recovering nicely from being "oversold" UP 73 Cents....
FMCN was down 10 Cents but I had to buy more shares as it dipped from my original purchase price ...bought TWICE today....FMCN is ready for a breakout @ $48.47....then it is UP UP & away $$$$$
NMX cost me 95 cents per share...as it went further down.....it is the most widely talked about "takeover candidate"
SWIR made me small cents......AH they announced $90 million financing through CIBC @ $22.40US.....almost 4 million share...stock down AH 91 cent....deal closing Oct 2....I bought TWICE today ......
NTRI is down $6 today on Citi downgrade.....
GOOG & BIDU marching to their own drummer......
LDK flying on a daily basis......
DELL behaved well today....
SINA UP again today....
BX inching UP daily......
SOHU closed @ new high....
XING UP strongly......
Good luck on thursday.
BLOG does not give buy or sell.
Saleem
Markets higher second day !!!!
Markets as expected did a follow thru tape today.....
There will be some hesitation now...because of OE on friday......
I did lot of selling today to lock-up huge GAINS.....
Sold NVT for a $13.05 per share gain...
Sold RIMM for a $16.76 per share gain....
Sold CMED for a $7.59 per share gain....
It is always smart to lock profit..no matter how strong you feel about the stocks.....I sold my entire position in all of the above $$$$$
So what did I do with the "loot".......
Of course I "repositioned the money in laggards"
I bought FMCN......
I bought more SWIR....
I bought WFR.....
I bought NMX......
Today my superstar was NVT which I sold @ $72.......
VMW is flying today UP $3.62....after testing support and bouncing nicely....fundamental remains "super bright"
My portfolio is.....
NMX,FMCN,WFR,VMW,SWIR,SNDK.........
Other stocks which are "green" @ 12.00 noon EST are :
GOOG,BIDU,DELL,BX,IGT,CTRP,WYN,AAPL,SOHU (new High),
CTRP(new high),XING,NMR,MR,CIEN.
Sorry for being late...as I was very busy buying & selling all morning as detailed above.
Good luck for rest of the day.....
BLOG does not give buy or sell.
Saleem
There will be some hesitation now...because of OE on friday......
I did lot of selling today to lock-up huge GAINS.....
Sold NVT for a $13.05 per share gain...
Sold RIMM for a $16.76 per share gain....
Sold CMED for a $7.59 per share gain....
It is always smart to lock profit..no matter how strong you feel about the stocks.....I sold my entire position in all of the above $$$$$
So what did I do with the "loot".......
Of course I "repositioned the money in laggards"
I bought FMCN......
I bought more SWIR....
I bought WFR.....
I bought NMX......
Today my superstar was NVT which I sold @ $72.......
VMW is flying today UP $3.62....after testing support and bouncing nicely....fundamental remains "super bright"
My portfolio is.....
NMX,FMCN,WFR,VMW,SWIR,SNDK.........
Other stocks which are "green" @ 12.00 noon EST are :
GOOG,BIDU,DELL,BX,IGT,CTRP,WYN,AAPL,SOHU (new High),
CTRP(new high),XING,NMR,MR,CIEN.
Sorry for being late...as I was very busy buying & selling all morning as detailed above.
Good luck for rest of the day.....
BLOG does not give buy or sell.
Saleem
Tuesday, September 18, 2007
Bernanke lit UP the magic on markets $$$$
Bernanke did the impossible....by staying ahead of the curve......
Bernanke "slashed the fed funds & discount rate by a pair of 50 basis points"
Wall street was "totally unprepared for this gutsy move"
Wall street was loaded with puts/shorts.......
Wall street will need to "cover or get wiped out"
Markets will have the "biggest short squeeze in history...thanks to brain dead genius like Doug Kass & Gartners of the world"
Fast Money Adami & Macke are "caught with their proverbial down..down ..down"...as they were wildly "euphoric about buying DOG & markets failing @ 1490 area in S&P.......guess what we closed today @ S&P 1519.78 ...ouch..ouch..ouch.......
So how strong was today's rally...here are some statistics to remember forever & ever $$$
Advancing volume led declining volume by... 29.90 to 1 (nyse)...11.86 to 1 on Nasdaq....
Advancing stocks led declining stocks by...8.71 to 1 (nyse)...3.51 to 1 on Nasdaq
New 52 week high led new low by...103 on (nyse)...43 on Nasdaq
Volume ratio tells the story of "rout".....
Expect a worldwide rally......then a follow thru rally on Wall & Broad $$$$
As expected RIMM had a breakout & closed @ all time HIGH UP $4.08 closing @ $90.35...further UP AH...
NVT also had a breakout and also closed @ all time high.....UP $2.75 closing @ $68.90....
SNDK UP $1.99
VMW UP 20 Cents......
SWIR UP 67 Cents @ "breakout"...
CMED went to another 52 wk high closing @ $40.97 UP $1.27...
BIDU UP $16 to all-time high...
ISRG UP $13....
GRMN UP $6...
GS UP $13.....
FSLR UP $6....
Expect another "short squeeze day" on wed.....
BLOG does not give buy or sell.
Saleem
Bernanke "slashed the fed funds & discount rate by a pair of 50 basis points"
Wall street was "totally unprepared for this gutsy move"
Wall street was loaded with puts/shorts.......
Wall street will need to "cover or get wiped out"
Markets will have the "biggest short squeeze in history...thanks to brain dead genius like Doug Kass & Gartners of the world"
Fast Money Adami & Macke are "caught with their proverbial down..down ..down"...as they were wildly "euphoric about buying DOG & markets failing @ 1490 area in S&P.......guess what we closed today @ S&P 1519.78 ...ouch..ouch..ouch.......
So how strong was today's rally...here are some statistics to remember forever & ever $$$
Advancing volume led declining volume by... 29.90 to 1 (nyse)...11.86 to 1 on Nasdaq....
Advancing stocks led declining stocks by...8.71 to 1 (nyse)...3.51 to 1 on Nasdaq
New 52 week high led new low by...103 on (nyse)...43 on Nasdaq
Volume ratio tells the story of "rout".....
Expect a worldwide rally......then a follow thru rally on Wall & Broad $$$$
As expected RIMM had a breakout & closed @ all time HIGH UP $4.08 closing @ $90.35...further UP AH...
NVT also had a breakout and also closed @ all time high.....UP $2.75 closing @ $68.90....
SNDK UP $1.99
VMW UP 20 Cents......
SWIR UP 67 Cents @ "breakout"...
CMED went to another 52 wk high closing @ $40.97 UP $1.27...
BIDU UP $16 to all-time high...
ISRG UP $13....
GRMN UP $6...
GS UP $13.....
FSLR UP $6....
Expect another "short squeeze day" on wed.....
BLOG does not give buy or sell.
Saleem
Fed took "aggressive step & market loves IT $$$$$
Fed "surprised the most optimistic forecast..... by dropping both fed funds & fed discount rate by 50 basis points"
This is an economy changing "shot in the arm"...
This fed move has avoided recession completely.....imo
We will go from slow growth to average growth in six months......
Housing will recover faster with low interest rate all around......
I think that housing will recover "now by end of 2008".....
Enjoy this 'rock'n roll market today $$$$$$
next post around 7 PM.....
Saleem
This is an economy changing "shot in the arm"...
This fed move has avoided recession completely.....imo
We will go from slow growth to average growth in six months......
Housing will recover faster with low interest rate all around......
I think that housing will recover "now by end of 2008".....
Enjoy this 'rock'n roll market today $$$$$$
next post around 7 PM.....
Saleem
Markets anticipating "right moves by Fed " $$$$
Markets are very confident that Fed do "understand the gravity of economic turmoil & will do the right thing"........
Markets are "oversold and OE is friday....it may end UP as short SQUEEZE of 2007"
In my stock VMW (recovering from yesterday selloff and retested its support today around $72.80......)...it is funny how MM/hedge funds brings every stock to their support in a hurry..VMW lost $10 from High to low in 3 business days...like magic !!!!
VMW UP 66 Cents so far.......
RIMM is heading towards breakout point of $88.47..then off to the races $$$$ UP $1.11 to $87.38......
NVT is also getting ready for a breakout point of $67.50...currently UP 68 cents to $66.82...
CMED gapped UP again @ open and is currently UP 45 Cents to $40.15...should move higher as today is also above average volume ..but lower than last 2 days.......
SNDK is recovering from its many SLUMP....UP 90 Cents to $51.20....it is oversold big time...expecting a "sharp move UP"
SWIR trading unchanged level...this also "oversold"....
Other green stocks @ 11.43 AM are :
BIDU ( new all time high),NDAQ (wants to go higher),AAPL,BRCM,FMCN (looks very good for getting to old highs),JNPR,AMAT,DELL (looking ready for a major UP move),IGT(keeps going UP in new replacement cycle),ICE (found support READY to move UP),GOOG (wants to touch 52 wk high),CTRP (new HIGH),LVS ( another day another HIGH),NMX (ready for higher moves),GRMN,VLO,FSLR (ready for another RUNUP),AMD (three chip/quad chip Barcelona will bring sales),HLIT (kissing new high),NVDA (found support),SNDA (new high),AKAM(found support).
Good luck on rest of the day.
Will post around 3.10 PM for my take on fed action !!!!
BLOG does not give buy or sell.
Saleem
Markets are "oversold and OE is friday....it may end UP as short SQUEEZE of 2007"
In my stock VMW (recovering from yesterday selloff and retested its support today around $72.80......)...it is funny how MM/hedge funds brings every stock to their support in a hurry..VMW lost $10 from High to low in 3 business days...like magic !!!!
VMW UP 66 Cents so far.......
RIMM is heading towards breakout point of $88.47..then off to the races $$$$ UP $1.11 to $87.38......
NVT is also getting ready for a breakout point of $67.50...currently UP 68 cents to $66.82...
CMED gapped UP again @ open and is currently UP 45 Cents to $40.15...should move higher as today is also above average volume ..but lower than last 2 days.......
SNDK is recovering from its many SLUMP....UP 90 Cents to $51.20....it is oversold big time...expecting a "sharp move UP"
SWIR trading unchanged level...this also "oversold"....
Other green stocks @ 11.43 AM are :
BIDU ( new all time high),NDAQ (wants to go higher),AAPL,BRCM,FMCN (looks very good for getting to old highs),JNPR,AMAT,DELL (looking ready for a major UP move),IGT(keeps going UP in new replacement cycle),ICE (found support READY to move UP),GOOG (wants to touch 52 wk high),CTRP (new HIGH),LVS ( another day another HIGH),NMX (ready for higher moves),GRMN,VLO,FSLR (ready for another RUNUP),AMD (three chip/quad chip Barcelona will bring sales),HLIT (kissing new high),NVDA (found support),SNDA (new high),AKAM(found support).
Good luck on rest of the day.
Will post around 3.10 PM for my take on fed action !!!!
BLOG does not give buy or sell.
Saleem
Monday, September 17, 2007
Markets closed Lower across the board !!!!
Markets ended lower....
Declining volume,declining stocks & new 52 week low led ......
Markets are waiting for some direction from the fed.......
Fed very well understand the "nervousness of the traders & investors".....
Fed also understand that consumer & Investors "confidence is crucial to avoiding recession"
So ...knowing all that ...you think Fed will be dumb enough to do & say anything which will rock the "economic boat"......I personally believe that Fed will do the "right thing"....
Markets as usual will "gyrate going into fed decision and gyrate after the fed decision"......
Markets sometimes take next day to fully "appreciate the long term positive impact of fed decision"
So...if I were you...I will wait till closing on wed to really evaluate the quality of fed decision....
Please do not lose sight of the fact that we have "quad witching on friday...so the entire week may not give an accurate interpretation..as to the direction of the markets......
I will not make any decision until next monday...in terms of any reaction to fed or OE.....
In my portfolio VMW took a beating by being down $4.22 on profit taking/overbought/lower EPS for Q2 ending June before IPO......VMW also told analyst today that they will have 30 million more TOS for Q4 as they bought companies with stocks...TOS now stands @ 400 million as in Q4......a potential dilution in earnings..unless those companies add EPS.....
SNDK down 99 cents
NVT down 87 cents
RIMM down 99 cents
CMED was the superstar of the day UP $1.11 to a new 52 wk high..closed @ $39.70 on more than double volume....also volume is higher than yesterday....looks good going forward.....
I bought SWIR maker of wireless modems for portable devices.......
BIDU UP $18 on the introduction of video search...to a new all time HIGH.......
LVS UP $4.91 to a new all time high on two analyst increasing of estimates & price target....WYNN also went UP $2+++
Good luck on fed rate cut day !!!!
BLOG does not give buy or sell.
Saleem
Declining volume,declining stocks & new 52 week low led ......
Markets are waiting for some direction from the fed.......
Fed very well understand the "nervousness of the traders & investors".....
Fed also understand that consumer & Investors "confidence is crucial to avoiding recession"
So ...knowing all that ...you think Fed will be dumb enough to do & say anything which will rock the "economic boat"......I personally believe that Fed will do the "right thing"....
Markets as usual will "gyrate going into fed decision and gyrate after the fed decision"......
Markets sometimes take next day to fully "appreciate the long term positive impact of fed decision"
So...if I were you...I will wait till closing on wed to really evaluate the quality of fed decision....
Please do not lose sight of the fact that we have "quad witching on friday...so the entire week may not give an accurate interpretation..as to the direction of the markets......
I will not make any decision until next monday...in terms of any reaction to fed or OE.....
In my portfolio VMW took a beating by being down $4.22 on profit taking/overbought/lower EPS for Q2 ending June before IPO......VMW also told analyst today that they will have 30 million more TOS for Q4 as they bought companies with stocks...TOS now stands @ 400 million as in Q4......a potential dilution in earnings..unless those companies add EPS.....
SNDK down 99 cents
NVT down 87 cents
RIMM down 99 cents
CMED was the superstar of the day UP $1.11 to a new 52 wk high..closed @ $39.70 on more than double volume....also volume is higher than yesterday....looks good going forward.....
I bought SWIR maker of wireless modems for portable devices.......
BIDU UP $18 on the introduction of video search...to a new all time HIGH.......
LVS UP $4.91 to a new all time high on two analyst increasing of estimates & price target....WYNN also went UP $2+++
Good luck on fed rate cut day !!!!
BLOG does not give buy or sell.
Saleem
Markets down in anticipation of fed moves !!!!
Markets are down due to uncertainty in terms of how much rate cut and accompanying statement.......
My expectations is changed now......fed will cut only 25 basis point...due to jump in Oil,Gold & other commodities.......
Fed will highlight their ongoing inflation focus...but will reassure the markets that they are READY to deal with any weakness in economy...PROMPTLY.....
VMW is taking a beating today as its eps came in for Q2 @10 cent vs 13....rev was shy by $1 million....
All these numbers were in their IPO propectus...as this Q ended in June...ahead of IPO ????
Q3 for VMW will be as an independent company...which should be out in Oct.....
This weakness today in VMW is very temporary......so I think !!!
RIMM,SNDK,NVT areall down due to negative tape.......
CMED had a nice GAP UP @ open and is still staying FIRM in this negative tape UP 67 Cents...
Other stocks in green @ 11.18 AM are :
FMCN ( trending UP from recent LOW), BIDU (Up $7 on target increase ,New HIGH),
WYNN ( almost @ new high),RVBD ( Up after being WEAK),LVS (Major uptrend),
AMD,HLIT,XING,SNDA,STP,HPQ.
Good luck on rest of the day.....hoping for a "green close "
BLOG does not give buy or sell.
Saleem
My expectations is changed now......fed will cut only 25 basis point...due to jump in Oil,Gold & other commodities.......
Fed will highlight their ongoing inflation focus...but will reassure the markets that they are READY to deal with any weakness in economy...PROMPTLY.....
VMW is taking a beating today as its eps came in for Q2 @10 cent vs 13....rev was shy by $1 million....
All these numbers were in their IPO propectus...as this Q ended in June...ahead of IPO ????
Q3 for VMW will be as an independent company...which should be out in Oct.....
This weakness today in VMW is very temporary......so I think !!!
RIMM,SNDK,NVT areall down due to negative tape.......
CMED had a nice GAP UP @ open and is still staying FIRM in this negative tape UP 67 Cents...
Other stocks in green @ 11.18 AM are :
FMCN ( trending UP from recent LOW), BIDU (Up $7 on target increase ,New HIGH),
WYNN ( almost @ new high),RVBD ( Up after being WEAK),LVS (Major uptrend),
AMD,HLIT,XING,SNDA,STP,HPQ.
Good luck on rest of the day.....hoping for a "green close "
BLOG does not give buy or sell.
Saleem
Saturday, September 15, 2007
Momentum stocks for rate cut RALLY !!!!!
The following stocks are showing momentum based on recent tape action.Please use tight stops.
RIMM,VMW,NVT,CMED,BIDU,GRMN,LVS,WYNN,CTRP,
AAPL,GOOG,JNPR,IGT,VLO,SOHU,STP,SNDA,EBAY,
NTRI,HPQ,AMZN.
Please do your own due diligence & stay diversified.
BLOG does not give buy or sell.
Next post monday @ 11AM.
Saleem
RIMM,VMW,NVT,CMED,BIDU,GRMN,LVS,WYNN,CTRP,
AAPL,GOOG,JNPR,IGT,VLO,SOHU,STP,SNDA,EBAY,
NTRI,HPQ,AMZN.
Please do your own due diligence & stay diversified.
BLOG does not give buy or sell.
Next post monday @ 11AM.
Saleem
Technically STRONG stocks for rate cut RALLY !!!!!
The following stocks are showing technical strength based on various formations.Please do FA to get a balanced view.
RSH,MIR,TYC,LMT,AMT,GNTX,HRB,NWL,SSP,BRCM,MER,BMY,
AZPN,ENP,UP,BLUD,HON,JBL,PMCS,IGT,CCJ,JKHY,NETL,NHP,
CYPB,SIRI,SGP,SMTC,HAS,HCP,HK,FMD,NFI.
TSX (Toronto)
T,AKT.A,SU,SJR.B,QUA,GO.A,SAP,ACE.B,POU,FIU,VNX,BLX,
BU,CCO,CYS,URE,AXL,CSN,GDC.
Please do your own due diligence & stay diversified.
BLOG does not give buy or sell.
Saleem
RSH,MIR,TYC,LMT,AMT,GNTX,HRB,NWL,SSP,BRCM,MER,BMY,
AZPN,ENP,UP,BLUD,HON,JBL,PMCS,IGT,CCJ,JKHY,NETL,NHP,
CYPB,SIRI,SGP,SMTC,HAS,HCP,HK,FMD,NFI.
TSX (Toronto)
T,AKT.A,SU,SJR.B,QUA,GO.A,SAP,ACE.B,POU,FIU,VNX,BLX,
BU,CCO,CYS,URE,AXL,CSN,GDC.
Please do your own due diligence & stay diversified.
BLOG does not give buy or sell.
Saleem
Technically WEAK stocks for rate cut RALLY !!!!!
The following stocks are showing technical weakness based on various technical formations.Please do FA to get a balanced view.
ORCL,MRVL,SHPGY,CSX,GMST,SVU,NAVI,MCHP,EQIX,
NVDA,MFRI,MDR,FTEK,KSS,MAN,APOG,KEYN.
TSX (Toronto)
KAT,ACO.X,PSE,NG,CNJ,BPO,FCC,TOC,DII.B,THI.
Please do your own due diligence and stay diversified.
BLOG does not give buy or sell.
Saleem
ORCL,MRVL,SHPGY,CSX,GMST,SVU,NAVI,MCHP,EQIX,
NVDA,MFRI,MDR,FTEK,KSS,MAN,APOG,KEYN.
TSX (Toronto)
KAT,ACO.X,PSE,NG,CNJ,BPO,FCC,TOC,DII.B,THI.
Please do your own due diligence and stay diversified.
BLOG does not give buy or sell.
Saleem
Friday, September 14, 2007
Markets closed green..inspite of ..........
Markets are showing that a base has been formed.....no matter what comes its way....sub-prime or slower economic news...do not matter anymore......why ?...because it is all discounted and markets are looking beyond fed cuts.......
Markets will rally into tuesday and then....the usual gyration....then settling down to "new reality as articulated by feds"......
Advancing stocks led decliners by 300 on both NYSE & Nasdaq.....
RIMM got two "increase in price targets by BMO & RBC"RIMM price targets are between
$100 & $120...before earnings on Oct 2nd......after ER....expect another boost in estimates & stock price targets.......
Madman Jimmy the Cramer named RIMM as the-stock for his wide reciever category...he predicts that RIMM'S stock price will "double again".........
CMED went to new 52 wk high by closing @ $38.59 on heavy volume of 1.5+ million shares TRIPLE the average volume...further UP AH......good chance of getting past all time high of $44+
SNDK recovered today UP $1.30...totally oversold......
NVT UP $1.08 on more than DOUBLE the average volume......
VMW UP 13 Cents on average volume...UP further in AH....
By 10 AM saturday I will have a list of stocks which is technically weak/strong/momentum....
Have a relaxing weekend.
BLOG does not give buy or sell.
Saleem
Markets will rally into tuesday and then....the usual gyration....then settling down to "new reality as articulated by feds"......
Advancing stocks led decliners by 300 on both NYSE & Nasdaq.....
RIMM got two "increase in price targets by BMO & RBC"RIMM price targets are between
$100 & $120...before earnings on Oct 2nd......after ER....expect another boost in estimates & stock price targets.......
Madman Jimmy the Cramer named RIMM as the-stock for his wide reciever category...he predicts that RIMM'S stock price will "double again".........
CMED went to new 52 wk high by closing @ $38.59 on heavy volume of 1.5+ million shares TRIPLE the average volume...further UP AH......good chance of getting past all time high of $44+
SNDK recovered today UP $1.30...totally oversold......
NVT UP $1.08 on more than DOUBLE the average volume......
VMW UP 13 Cents on average volume...UP further in AH....
By 10 AM saturday I will have a list of stocks which is technically weak/strong/momentum....
Have a relaxing weekend.
BLOG does not give buy or sell.
Saleem
Markets fighting its way back UP from new sub-prime story !!!!
Markets were given another challenge to face from "jolly old England"......
Sub-prime issue surfaced again.......and Bank of England promptly stepped in.....
Markets wants to go higher and knows how to fight back on any new negative news....
Nasdaq is the weakest again..... followed by S&P and then Dow.....
RIMM got another target increase to $110 from RBC capital markets this AM .....as they also see growing business for RIMM as they "dominate their space" UP $1.72......in negative market $$$
VMW tested its support this AM @ $76.55 and held ...UP $1.21 to $79.....
NVT also tested its support @ $64.48 but is UP $1.33 to $67.25.....
SNDK came out of its recent slump and found support @ below $50...now UP $1.28 to $51.27...
CMED is UP 35 cents to $36.45.....
Among my watchlist ...the following stocks are green @ 11.23 AM :
AAPL (wants to go higher),GOOG ( moving towards old high),WFR ( found support),
FMCN (breaking out after building base),MPEL (sneaking UP daily),SIRF (analyst positive on its prospects with MOT),YHOO,BIDU (another day another HIGH),CTRP (new high),
WYNN (new high),LVS (new high),VLO,SOHU (new high).
Good luck on this friday the 14th.
BLOG does not give buy or sell.
Saleem
Sub-prime issue surfaced again.......and Bank of England promptly stepped in.....
Markets wants to go higher and knows how to fight back on any new negative news....
Nasdaq is the weakest again..... followed by S&P and then Dow.....
RIMM got another target increase to $110 from RBC capital markets this AM .....as they also see growing business for RIMM as they "dominate their space" UP $1.72......in negative market $$$
VMW tested its support this AM @ $76.55 and held ...UP $1.21 to $79.....
NVT also tested its support @ $64.48 but is UP $1.33 to $67.25.....
SNDK came out of its recent slump and found support @ below $50...now UP $1.28 to $51.27...
CMED is UP 35 cents to $36.45.....
Among my watchlist ...the following stocks are green @ 11.23 AM :
AAPL (wants to go higher),GOOG ( moving towards old high),WFR ( found support),
FMCN (breaking out after building base),MPEL (sneaking UP daily),SIRF (analyst positive on its prospects with MOT),YHOO,BIDU (another day another HIGH),CTRP (new high),
WYNN (new high),LVS (new high),VLO,SOHU (new high).
Good luck on this friday the 14th.
BLOG does not give buy or sell.
Saleem
Thursday, September 13, 2007
Rally has started as credit issues are worked on !!!
Markets are breathing a sigh of relief...as credit issues goes into background resolution.....
Market are gaining "confidence & marching forward towards easing by fed".....my bet 50 basis !!!
Friday should be a strong day for tech...which lagged badly to dow & S&P......
UP volume was decidedly bullish for NYSE and lackluster lead for Nasdaq......
CMED & RIMM were green for me.....while SNDK & NVT took a beating.....VMW was slightly negative.....
CMED had the highest close in over a year... longest base building which I have witnessed....CMED will have very little difficulty in going to new 52 wk HIGH which is only $1.45 away......piece of cake $$$$
LVS & WYNN keep going UP & making new highs.....
BIDU likes going UP & making new highs......
CTRP @ new high......
BRCM is getting close to new high......
NDAQ tape is looking very strong......
Good luck on lucky friday the 14th......
BLOG does not give buy or sell.
Saleem
GOOG only $34 away from high....
Market are gaining "confidence & marching forward towards easing by fed".....my bet 50 basis !!!
Friday should be a strong day for tech...which lagged badly to dow & S&P......
UP volume was decidedly bullish for NYSE and lackluster lead for Nasdaq......
CMED & RIMM were green for me.....while SNDK & NVT took a beating.....VMW was slightly negative.....
CMED had the highest close in over a year... longest base building which I have witnessed....CMED will have very little difficulty in going to new 52 wk HIGH which is only $1.45 away......piece of cake $$$$
LVS & WYNN keep going UP & making new highs.....
BIDU likes going UP & making new highs......
CTRP @ new high......
BRCM is getting close to new high......
NDAQ tape is looking very strong......
Good luck on lucky friday the 14th......
BLOG does not give buy or sell.
Saleem
GOOG only $34 away from high....
Market wants to go HIGHER $$$$
Markets wants to rally...ahead of fed rate cuts.....
Markets were sold off big time every other day.......
Dow & S&P is stronger than Nasdaq.......?
Nasdaq is "hesitant" thanks to lackluster performance by TXN & ALU this morning......
Today I added 50% more CMED @ open now my cost is $34.62...feel strongly that CMED will "outperform most chinese stocks in this RUNUP"....CMED UP $1.06....
RIMM'S target was raised to $120 by Cannacord Adams ...citing "strongest subscription & new sales to match highest ever" RIMM UP $2.55 to all-time HIGH of $88.......we are still far far away from $120 target $$$$$
VMW is taking a rest around $78 area before marching to new highs.......little overbought...base building is good.....but is heading to much higher target $90+++
NVT opened very strong went to new high of $70 but has pulled back since now is down 86 Cents...NVT has a tape which jumps .....pulls back & jumps AGAIN.....also overbought....
SNDK is weak due to falling Nand pricing....it may have found support in the $50.25 area today.... down $1.10 ......
@11.27 AM the following stocks are green in my watch list which comprises 100 stocks :
AAPL,BRCM,AMAT,SIRF (on heavy volume),BX,GOOG,BIDU(new high),
WYNN (new high),IGT,LVS (new high),VLO,FSLR,TSL,NCTY,SNDA.
Good luck on rest of the day......
Keep an eye on next week Quad witching shenanigans by MM/Hedgies........
BLOG does not give buy or sell.
Saleem
Markets were sold off big time every other day.......
Dow & S&P is stronger than Nasdaq.......?
Nasdaq is "hesitant" thanks to lackluster performance by TXN & ALU this morning......
Today I added 50% more CMED @ open now my cost is $34.62...feel strongly that CMED will "outperform most chinese stocks in this RUNUP"....CMED UP $1.06....
RIMM'S target was raised to $120 by Cannacord Adams ...citing "strongest subscription & new sales to match highest ever" RIMM UP $2.55 to all-time HIGH of $88.......we are still far far away from $120 target $$$$$
VMW is taking a rest around $78 area before marching to new highs.......little overbought...base building is good.....but is heading to much higher target $90+++
NVT opened very strong went to new high of $70 but has pulled back since now is down 86 Cents...NVT has a tape which jumps .....pulls back & jumps AGAIN.....also overbought....
SNDK is weak due to falling Nand pricing....it may have found support in the $50.25 area today.... down $1.10 ......
@11.27 AM the following stocks are green in my watch list which comprises 100 stocks :
AAPL,BRCM,AMAT,SIRF (on heavy volume),BX,GOOG,BIDU(new high),
WYNN (new high),IGT,LVS (new high),VLO,FSLR,TSL,NCTY,SNDA.
Good luck on rest of the day......
Keep an eye on next week Quad witching shenanigans by MM/Hedgies........
BLOG does not give buy or sell.
Saleem
Wednesday, September 12, 2007
Markets eased up @ close...downward bias !!!!
Markets turned slight negative @ close.
Market internals were decidedly negative all over.....
S&P did a face saving "green"....but barely !!!
Markets are become a story of rotating strong stocks going against the trend by jumping to new HIGHS on a daily basis......
Staying in strong stocks are paying big time in a diversified mode......
All my stocks were green except SNDK...which has become more of a yoyo stock and trading which ever way it wants.....SNDK down $2.50.....
VMW had the highest close today UP $1.65.....
John Chambers of CSCO gave a ringing endorsement to VMW "touting this red hot technology of virtualization which will foster a second internet boom to echo the heady days of 1990s"........as keynote speaker @ VMworld conference.....Today !!!!
RIMM closed UP $2.43 after touching all-time HIGH....
NVT went to new HIGH...closed UP $2.47.....
CMED closed UP 56 Cents......
Casino stocks stole the limelight by jumping to all-time highs LVS Up $7.94 & WYNN UP $5.86 joined the party !!!
BIDU is in uncharted territory UP $3.08....
JNPR new high UP 92 Cents........
SOHU new high UP $1.45....
Markets basing nicely @ these level.....readying for an explosive move UP $$$$$
Stay in strong stocks in a "diversified mode"......
BLOG does not give buy or sell.
Saleem
Market internals were decidedly negative all over.....
S&P did a face saving "green"....but barely !!!
Markets are become a story of rotating strong stocks going against the trend by jumping to new HIGHS on a daily basis......
Staying in strong stocks are paying big time in a diversified mode......
All my stocks were green except SNDK...which has become more of a yoyo stock and trading which ever way it wants.....SNDK down $2.50.....
VMW had the highest close today UP $1.65.....
John Chambers of CSCO gave a ringing endorsement to VMW "touting this red hot technology of virtualization which will foster a second internet boom to echo the heady days of 1990s"........as keynote speaker @ VMworld conference.....Today !!!!
RIMM closed UP $2.43 after touching all-time HIGH....
NVT went to new HIGH...closed UP $2.47.....
CMED closed UP 56 Cents......
Casino stocks stole the limelight by jumping to all-time highs LVS Up $7.94 & WYNN UP $5.86 joined the party !!!
BIDU is in uncharted territory UP $3.08....
JNPR new high UP 92 Cents........
SOHU new high UP $1.45....
Markets basing nicely @ these level.....readying for an explosive move UP $$$$$
Stay in strong stocks in a "diversified mode"......
BLOG does not give buy or sell.
Saleem
Follow thru Wednesday for Nasdaq $$$$
Nasdaq is showing great strength by ignoring perpetual loser lowered guidance by TXN.....
Technology will have great 4 months ahead of them.....
Christmas time is great for gadgets of all shape size & format......
Shorts have no chance of benefitting from the talk of doomsters like KASS or GARTMAN who has been wrong for most of the year except August.....One month gain does not cover for the losses of other 8 months.....an 8 year old knows that......I guess they have to "grow UP to be as smart as an 8 year old"
I added 20% more CMED @ $34.50 so now my cost is $34.39......it is flying as I write this blog @ 11.24 AM UP $1.67......ready to break 52 wk HIGH of $37.55...last trade $36.14.....
NVT went to $69.34 new 52 wk high...currently UP $2.54.....
VMW got upgraded target of $90 today UP $3.75 so far to $80.40.....
11,000 invitees are attending VMW conference with rep from most corporation & universities.
VMW announced many many upgrades to their existing software & new programs for enhancing security.
VMW announced collaboration with all open source companies like NOVL,RHT and many more....MSFT is in serious trouble in this arena of "virtualization on every server & desktop"VMW is an undisputed leader by far or by a mile $$$$$
RIMM went to new all-time high of $86.28 and is UP $2.85 so far.....
SNDK is the only loser down 98 Cents......
Other stocks which are green in my watch list @ 11.38AM are:
FSLR(upgraded by goldman),AAPL($180 target by UBS),JNPR(new high),
BIDU(new high),IGT,GOOG,CTRP(kissing new high),WYNN(new high),
RVBD,LVS(new high),GRMN(kissing new high),SOHU(new high),
NCTY,SNDA,STP,NDAQ,NTRI,MR,MA.
Good luck on rest of this profitable day $$$$
BLOG does not give buy or sell.
Saleem
Technology will have great 4 months ahead of them.....
Christmas time is great for gadgets of all shape size & format......
Shorts have no chance of benefitting from the talk of doomsters like KASS or GARTMAN who has been wrong for most of the year except August.....One month gain does not cover for the losses of other 8 months.....an 8 year old knows that......I guess they have to "grow UP to be as smart as an 8 year old"
I added 20% more CMED @ $34.50 so now my cost is $34.39......it is flying as I write this blog @ 11.24 AM UP $1.67......ready to break 52 wk HIGH of $37.55...last trade $36.14.....
NVT went to $69.34 new 52 wk high...currently UP $2.54.....
VMW got upgraded target of $90 today UP $3.75 so far to $80.40.....
11,000 invitees are attending VMW conference with rep from most corporation & universities.
VMW announced many many upgrades to their existing software & new programs for enhancing security.
VMW announced collaboration with all open source companies like NOVL,RHT and many more....MSFT is in serious trouble in this arena of "virtualization on every server & desktop"VMW is an undisputed leader by far or by a mile $$$$$
RIMM went to new all-time high of $86.28 and is UP $2.85 so far.....
SNDK is the only loser down 98 Cents......
Other stocks which are green in my watch list @ 11.38AM are:
FSLR(upgraded by goldman),AAPL($180 target by UBS),JNPR(new high),
BIDU(new high),IGT,GOOG,CTRP(kissing new high),WYNN(new high),
RVBD,LVS(new high),GRMN(kissing new high),SOHU(new high),
NCTY,SNDA,STP,NDAQ,NTRI,MR,MA.
Good luck on rest of this profitable day $$$$
BLOG does not give buy or sell.
Saleem
Tuesday, September 11, 2007
Turnaround tuesday looked good $$$$
Markets closed on very strong note...advancing volume was leading by almost 7 to 1 on both NYSE & Nasdaq........
Wednesday will see a follow thru based on closing momentum......
Markets have discounted troubles in creditland and looking forward to sep 18 cut in fed funds rates......
VMW gave a spectacular ride UP on 10.5 miliion volume which is more than "triple of average volume".....but gave UP $5.99 gains on serious profit taking....by those who were too happy to book $7 to $10 gain...I do not blame anybody for taking profit...if that is your objective or too happy to book gain when you see one in this "unpredictable market"......
I see VMW to be the-best idea for 2007-2008...where VMW will enjoy a substantial gain in business & EPS.
There is an excellent report on VMW by AP @ 5.34 PM...it is worth a READ by anyone who is underestimating VMW potential......
In my portfolio NVT was the star performer UP $1.26 to $66.46 only $2.49 away from 52wk high.....
SNDK UP 49 Cents....
RIMM UP 75 Cents...
CMED UP 22 Cents....
Madman "jimmy the Cramer" was pumping RIMM & VMW as the best wide reciever type of stock for this market UP further AH.... alongwith AAPL & ISRG.......his FOUR best idea NOW......
Casino stocks LVS & WYNN were UP strongly gain of $7....
BIDU new all time high UP almost $9.....
NVDA UP 72 Cents after 3 for 2 split...
Good luck on wed.
BLOG does not give buy or sell.
Saleem
Wednesday will see a follow thru based on closing momentum......
Markets have discounted troubles in creditland and looking forward to sep 18 cut in fed funds rates......
VMW gave a spectacular ride UP on 10.5 miliion volume which is more than "triple of average volume".....but gave UP $5.99 gains on serious profit taking....by those who were too happy to book $7 to $10 gain...I do not blame anybody for taking profit...if that is your objective or too happy to book gain when you see one in this "unpredictable market"......
I see VMW to be the-best idea for 2007-2008...where VMW will enjoy a substantial gain in business & EPS.
There is an excellent report on VMW by AP @ 5.34 PM...it is worth a READ by anyone who is underestimating VMW potential......
In my portfolio NVT was the star performer UP $1.26 to $66.46 only $2.49 away from 52wk high.....
SNDK UP 49 Cents....
RIMM UP 75 Cents...
CMED UP 22 Cents....
Madman "jimmy the Cramer" was pumping RIMM & VMW as the best wide reciever type of stock for this market UP further AH.... alongwith AAPL & ISRG.......his FOUR best idea NOW......
Casino stocks LVS & WYNN were UP strongly gain of $7....
BIDU new all time high UP almost $9.....
NVDA UP 72 Cents after 3 for 2 split...
Good luck on wed.
BLOG does not give buy or sell.
Saleem
Ben Bernanke pushing markets higher $$$
Markets were deeply oversold.....so Ben's speech in europe became an excuse for rally.....
Markets have discounted most of the potential negative effect of sub-prime fallout....
Even CFC bad news did not rattled the markets.......
Markets are maintaining close to 1% UP on all indices.....@ 10.58 AM
VMW is strong again on heaviest AM volume UP $3.61 to $80.31 another HIGH since IPO....
VMW bought another company Dunes Technologies which complements "vurtualization programming"
VMW conference starts @ 11AM......with speeches from AMD,CSCO,INTC......INTC & CSCO have plunked almost $400 million in this company.....they must like what they saw......
VMW is 2 years ahead of MSFT...who as usual are great copycats ..but gets nowhere..remains a distant 2nd or 3rd in every non-monopolistic environment.....Zune is 3rd in mp3 player,MSN search is distant 3rd,Xbox is way behind wii...get the picture !!!!!
VMW should be seen in the same context as BIDU with its superior growth with similar Sales to market cap potential......in plain english VMW is going much higher with usual zig zag as analyst play their games in concert with hedge funds agenda.......
Doubled my position in CMED @ open ..bought @ $34.52...my average price is $34.33.....I see CMED challenging its recent highs..target $37.62 as per www.stockconsultant.com
RIMM is UP $1.13...Q has tracked well to be reported sep 27....
NVT is trying to regain its footing UP 75 Cents......
CMED & SNDK are also green......so far...
Other green stocks which I monitor @ 11.16 AM are :
WFR,JNPR,NVDA,AMAT,SIRF,BX,ICE,GOOG(resuming uptrend),IGT,CTRP,
WYNN (near 52 wk high),MSO (retested support),LVS ( getting close to 52 wk high),
GRMN (near 52 wk high),FSLR,TSL,SNE,SOHU (near 52 wk high),SNDA (upgraded by citigroup to buy),STP,MA (found support),BIDU (new high imminent),NDAQ,EBAY.
Good luck on a turnaround tuesday $$$$$
BLOG does not give buy or sell.
Saleem
Markets have discounted most of the potential negative effect of sub-prime fallout....
Even CFC bad news did not rattled the markets.......
Markets are maintaining close to 1% UP on all indices.....@ 10.58 AM
VMW is strong again on heaviest AM volume UP $3.61 to $80.31 another HIGH since IPO....
VMW bought another company Dunes Technologies which complements "vurtualization programming"
VMW conference starts @ 11AM......with speeches from AMD,CSCO,INTC......INTC & CSCO have plunked almost $400 million in this company.....they must like what they saw......
VMW is 2 years ahead of MSFT...who as usual are great copycats ..but gets nowhere..remains a distant 2nd or 3rd in every non-monopolistic environment.....Zune is 3rd in mp3 player,MSN search is distant 3rd,Xbox is way behind wii...get the picture !!!!!
VMW should be seen in the same context as BIDU with its superior growth with similar Sales to market cap potential......in plain english VMW is going much higher with usual zig zag as analyst play their games in concert with hedge funds agenda.......
Doubled my position in CMED @ open ..bought @ $34.52...my average price is $34.33.....I see CMED challenging its recent highs..target $37.62 as per www.stockconsultant.com
RIMM is UP $1.13...Q has tracked well to be reported sep 27....
NVT is trying to regain its footing UP 75 Cents......
CMED & SNDK are also green......so far...
Other green stocks which I monitor @ 11.16 AM are :
WFR,JNPR,NVDA,AMAT,SIRF,BX,ICE,GOOG(resuming uptrend),IGT,CTRP,
WYNN (near 52 wk high),MSO (retested support),LVS ( getting close to 52 wk high),
GRMN (near 52 wk high),FSLR,TSL,SNE,SOHU (near 52 wk high),SNDA (upgraded by citigroup to buy),STP,MA (found support),BIDU (new high imminent),NDAQ,EBAY.
Good luck on a turnaround tuesday $$$$$
BLOG does not give buy or sell.
Saleem
Monday, September 10, 2007
Markets internals closed WEAK...Ben to rescue tue !!!!
Markets ended weak as far internals go.....decliners led ...new 52 wk low beat highs on both NYSE & NASDAQ......
Tuesday I am expecting Ben Bernanke to say "soothing things" to kick start market rally...
Markets are "deeply oversold"...so a technical rebound is imminent $$$$$
Strong stocks are the place to be...in a "diversified mode"
In my portfolio all stocks participated except NVT...which is taking a rest...
VMW shot UP $7.26 to a NEW HIGH on a very high 6.7 million volume....closed @ $76.76 ..UP further AH......
VMW will get lot of coverage in media with its VMW world conference starting tuesday till thursday......so even a layman will"know about its virtualization software"......thus more interest in company stock & future GROWTH $$$$$
AAPL had a nice day with 1 million iphone sold UP $4.94 above resistance of $135 !!!!
Good luck for tuesday.
BLOG does not give buy or sell.
Saleem
Tuesday I am expecting Ben Bernanke to say "soothing things" to kick start market rally...
Markets are "deeply oversold"...so a technical rebound is imminent $$$$$
Strong stocks are the place to be...in a "diversified mode"
In my portfolio all stocks participated except NVT...which is taking a rest...
VMW shot UP $7.26 to a NEW HIGH on a very high 6.7 million volume....closed @ $76.76 ..UP further AH......
VMW will get lot of coverage in media with its VMW world conference starting tuesday till thursday......so even a layman will"know about its virtualization software"......thus more interest in company stock & future GROWTH $$$$$
AAPL had a nice day with 1 million iphone sold UP $4.94 above resistance of $135 !!!!
Good luck for tuesday.
BLOG does not give buy or sell.
Saleem
Markets "reversed after initial stregth" ????
Markets opened strong and then reversed very quickly........
Fed speeches are the focus this week......todays comment confirming that Fed is Ok with low end credit customers will face tough scrutiny.......took the stocks LOWER ????
Tommorrow Ben Bernanke will give speech...that may help the markets !!!!
In my portfolio NVT went UP to $67.72 and faced resistance.....now lower by $1.23 to $64.55..it is also slightly overbought...so needs to consolidate around these levels......the business of digital map is booming for portable units..which is expected to "double this year" as per AP report @9.09AM.....
VMW wants to go much higher as VMW world exposition starts tommorrow until thursday...UP $1.23....this is another stock which most traders & investors think is high PE...but if you look @ future business potential......I believe it will "surprise most people on the UP mode"just like GOOG & BIDU...because future & potential is similar...
RIMM,SNDK,CMED..are on the unchanged pattern so far......
Other green stocks which I monitor @ 11.25 AM are :
INTC(raised guidance),AAPL(rebounding after recent weakness on the news of selling 1 million iphones...on heavy volume),WFR,
IGT(equipment upgrade cycle to start soon),SIRF(found support @ lower level),
AOB,AMD(new server introduced).
Good luck on the rest of the day.....as selling is looking TIRED...so a good chance of another REVERSAL on the UP mode.....so I think ...
BLOG does noy give buy or sell.
Saleem
Fed speeches are the focus this week......todays comment confirming that Fed is Ok with low end credit customers will face tough scrutiny.......took the stocks LOWER ????
Tommorrow Ben Bernanke will give speech...that may help the markets !!!!
In my portfolio NVT went UP to $67.72 and faced resistance.....now lower by $1.23 to $64.55..it is also slightly overbought...so needs to consolidate around these levels......the business of digital map is booming for portable units..which is expected to "double this year" as per AP report @9.09AM.....
VMW wants to go much higher as VMW world exposition starts tommorrow until thursday...UP $1.23....this is another stock which most traders & investors think is high PE...but if you look @ future business potential......I believe it will "surprise most people on the UP mode"just like GOOG & BIDU...because future & potential is similar...
RIMM,SNDK,CMED..are on the unchanged pattern so far......
Other green stocks which I monitor @ 11.25 AM are :
INTC(raised guidance),AAPL(rebounding after recent weakness on the news of selling 1 million iphones...on heavy volume),WFR,
IGT(equipment upgrade cycle to start soon),SIRF(found support @ lower level),
AOB,AMD(new server introduced).
Good luck on the rest of the day.....as selling is looking TIRED...so a good chance of another REVERSAL on the UP mode.....so I think ...
BLOG does noy give buy or sell.
Saleem
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