Tuesday, September 25, 2007

Nasdaq tape stronger today $$$$

Markets shrugged off lot of "bad news about housing".......

Markets ignored all the bad news and took care of all the selling and still NYSE & Nasdaq closed into "green".......

Nasdaq UP volume was 72.2% higher than declining volume..."a good thing".....

Cramer is not gracious about his bad call to sell RIMM,AAPL,AMZN & GOOG.......now claiming that his call was "good...BUT institutions were buying for the end of the Q and will do so until thursday"......Cannot wait for his "new & improved explanation/excuse for Friday UPTICK if it happens"

Cramer showed his "extreme insecurity by claiming that he recommended FMCN...which I never heard him to do so......also grossly misrepresented facts by claiming that FMCN went UP $9 on a good Q report...which they do not report until 27th sep AH".....I guess Cramer felt a dire need to be associated with FMCN big move UP today ????

Today I am extremely humbled by my gains in my portfolio..... 100% better than my previous best in "one day"......FA/TA/TIMING/LUCK.....all played a role ......and I thank my stars for that $$$......

FMCN went UP $9.29 on almost 6 times the average volume......to a new alltime high $$$$

FMCN market cap $6.19 billion..............BIDU $10.18 billion
FMCN 12/07 Sales $406.05 million......BIDU 12/07 Sales $224.05 million
FMCN 12/07 EPS $1.43........................BIDU 12/07 EPS $2.22
FMCN PE 40.41........................................BIDU PE 135.10

So which stock is a "screaming BUY"................

NVT went UP $7.62 on 77.7% more volume than average to a new alltime high $$$$
NVT is still reasonable in market cap compared to GRMN...which is 3.39 times higher as of today's close.......

WFR UP $2.06....still $5.91 away from old 52 week high......I still call WFR laggard in Silicon Wafer play $$$$$$

SNDK UP 37 Cents...still sick and still dead....

NMX UP 60 Cents.....just about "ready to come ALIVE"......

CMED UP 94 Cents.....need to challenge its 52 week high of $42.34...only $2.25 away $$$$

RIMM,AAPL,GRMN,SNDA were the superstars today........

NVDA ready to cross into "new alltime HIGH".....

Good luck on wed trading...cloud is lifting.....markets may rally $$$$

BLOG does not give buy or sell.

Saleem

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