Markets as expected "ignored all the bearish talk this AM by pundits who talk more & think less"
US markets have lagged other strong markets worldwide...thanks to manipulation of US housing market WOES.....
US will be among the "better performing markets"......
Most of the strong stocks are racing towards their all time HIGHS $$$
In my portfolio Bear Stearn's downgraded RIMM to marketperform.....based on their valuation of $81......although they claim that RIMM'S business is tracking well........a ploy to scoop some shares ? RIMM currently down 36 Centavos......
VMW is also showing some selling based on many "high valuation model by comparative prompting towards EMC".....I personally feels that it is testing its support around here today...it is a major "long term hold for me"...because of its optimization/virtualization software..currently down $1.31......
My superstar today is NVT which got another contract from MSFT for Mexico for digital maps..UP $3.81......
SNDK is higher by $1.44 on ramping up production of 300mm wafer for Flash Memory in partnership with Toshiba.....
Bought EGO @ open ..as I believe that Gold will make move as US interest rate comes down...most gold stocks are OVERSOLD.....already ahead by 2.6% $$$
@11.29AM the following stocks are GREEN :
AAPL(high iphone sale),BIDU(nearing all time high),BRCM,
JNPR(near high),AMAT,ICE,YHOO(takeover spec by MSFT),GOOG,WYNN,
LVS,VLO,GRMN(near all time high),FSLR,TSL,SNE,HOKU,SOHU,NCTY,SNDA,
OXPS,EBAY,NVDA(alltime high),MR(new high),MA,JASO,RMBS.
Good luck on rest of the day $$$$
BLOG does not give buy or sell.
Saleem
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