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
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