GOOG ER as expected ..target $800 $$$

Markets closed in a mixed note yesterday...Nasdaq UP slightly & Down Down slightly...

Market internals remained weak......new lows are leading 52 week high....declining stocks are still leading.......

Market internals are telling me that this is a traders market for now.......

GOOG ER was strong...considering it was a slow Q...and they spend more money again on hiring ..more than expected or guided.....

GOOG is entering strong 4th Q...

GOOG target raised to $800 by Credit Suisse & Goldman.......

My portfolio was down .8%......thanks to LDK which was down $3++...on 4th story by WSJ/Barron's...on inventory issue.....I personally feel that LDK inventory issue is more of "how to account for inventory @ hand...of different grades"

LDK will improve accounting controls to deal with this rapidly growing company in Silicon Solar Wafer business...they make wafer from wafer scrap from semi companies......of various grades.

Some lower grades are put away...until ready to be dealt with in terms of production..this is where the accounting issues are being exploited by an ex controller /shorts & WSJ....this shall pass very soon.....when LDK announces their new controls and a small adjustment to their inventory...which cannot be used..they will take a small charge for unuseable wafer scrap....

I am expecting a "major jump in LDK once accounting review report comes out"

My portfolio is RIMM,VMW,CMED,AAPL,SINA,LDK.

My health is now in treatment mode.....Doctor gave Antibiotic to deal with bacterial infection in my digestive track....plus have ordered some test to ensure that what he suspect is just that ..nothing more...will go for Colonoscopy in few day's.....

Thanks very much for all your concern & best wishes....feel privileged to have so many well wishers.....

Good luck on today's trade...will post @ my usual time 1130AM friday.

BLOG does not give buy or sell.

Saleem