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
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