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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