Markets closed on very strong note...advancing volume was leading by almost 7 to 1 on both NYSE & Nasdaq........
Wednesday will see a follow thru based on closing momentum......
Markets have discounted troubles in creditland and looking forward to sep 18 cut in fed funds rates......
VMW gave a spectacular ride UP on 10.5 miliion volume which is more than "triple of average volume".....but gave UP $5.99 gains on serious profit taking....by those who were too happy to book $7 to $10 gain...I do not blame anybody for taking profit...if that is your objective or too happy to book gain when you see one in this "unpredictable market"......
I see VMW to be the-best idea for 2007-2008...where VMW will enjoy a substantial gain in business & EPS.
There is an excellent report on VMW by AP @ 5.34 PM...it is worth a READ by anyone who is underestimating VMW potential......
In my portfolio NVT was the star performer UP $1.26 to $66.46 only $2.49 away from 52wk high.....
SNDK UP 49 Cents....
RIMM UP 75 Cents...
CMED UP 22 Cents....
Madman "jimmy the Cramer" was pumping RIMM & VMW as the best wide reciever type of stock for this market UP further AH.... alongwith AAPL & ISRG.......his FOUR best idea NOW......
Casino stocks LVS & WYNN were UP strongly gain of $7....
BIDU new all time high UP almost $9.....
NVDA UP 72 Cents after 3 for 2 split...
Good luck on wed.
BLOG does not give buy or sell.
Saleem
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