Thursday, September 20, 2007

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

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