Markets closed on a "firm note".......
Advancers/advancing Volume & new 52 week highs lead by comfortable margin on both NYSE & Nasdaq.......
Markets internals are "more confident than some traders"
Job numbers will be on the low end...thus confirming "weakness in the economy...means rate cut...means rally in the markets"......how simple is that !!!!!
But MM & hedge funds cannot live on predictable behaviour......they want to inject FEAR......that economy is falling apart......no such thing...SLOWER growth is good......for the markets.....and then gradual improvement quarterly.....
Well....well....well....once capitulation happened in VMW on wed........it skyrockets today UP $5.58......never went into positive return this quickly from deep red......
VMW is having VM world exposition from Sep 11 to 13........anybody who is somebody will be there to "taste the hot hot hot virtualization software from VMW & other mini players.....all invited"
John Chambers of CSCO is the keynote speaker alongwith Intel chief.........
INTC owns 12.5% of VMW or 9.5 million share..out of total outstanding of 75.1 million share....
INTC is also coming out with Quad Core chips to support VMW virtualization software......
VMW has software which makes each server more productive thus eliminating need to buy more..thus savings in hardware,energy & space....can you add all three savings to each corporation......only 5% of the corporations are using it...and VMW has 85% of that market $$$
RIMM,NVT & EGO were green and SNDK was small red.......
AAPL price cut & elimination of 4g iphone is a sign of ifailure.......margins eroding & price cut "fastest in the history of cell phone business......can you say hello moto"
Friday should be an interesting day.....a follow UP to today is in order $$$$$
BLOG does not give buy or sell.
Saleem
No comments:
Post a Comment