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

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