Markets are digesting all the anticipated negative news in housing & economy with confidence.
Fed gave a helping hand by pumping billions in the system again today to "improve liquidity"...
Markets should be very strong going into friday....because of month end & Q end......
MM & Hedge funds are trying very hard to push selected stocks down on no news.....so they can cover their short position or accumulate more @ lower levels.
Today I bought in pre-market SDTH a chemical supplier to coal industry & others in China....
SDTH Sales are expected to be in 12/08 $127.73 millions
EPS is expected to be 59 Cents..
SDTH PE on 12/08 is 11......
I paid $6.95 and it is trading lower @ $6.53......
My portfolio is behaving like this :
NVT is UP 95 Cents....
FMCN which reports AH is down 84 Cents...
WFR is UP 80 Cents...after being down $1.20 in the first hour....WFR has REVERSED strongly after retesting its support....looks very good on reversal...technically speaking $$$$
SNDK is very "healthy now" UP $1.91...back to back gain in a long time...exactly @ my cost NOW.....on heavy volume...
NMX down $1.59 Cents.....has a tendency of reversing/improving in the last hour......
CMED UP 54 Cents ...earlier it went to another new 52 wk high.....
CBAK is "on fire again" UP $1.84 on 19 million plus shares traded in less than two hours.....exceeding yesterday's record volume of 16.7 million for whole day !!!!!
SDTH last trade $6.47 UP 27 Cents....
Other stocks which I monitor @ 11.25 are as follows :
RIMM ( new high),SIRF ( on upgrade),BIDU ( technical bounce),
WYNN (new high),LVS,NYX,GRMN,FSLR (kissing new high),
AAPL,SNE,NMR,INFY.
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
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