Market is celeberating halloween expecting a treat from fed.....
Market is behaving very confident that "Fed will do the right thing as christmas is approaching"
Fed wants to "boost investors & consumers confidence by propping UP the markets by managing interest rates"
In my portfolio the following is happening:
VMW is again the "superstar in my show" UP $4.28 to a new all-time high.....Virtualization business is booming worldwide...US marines gave a huge contract to VMW where they were able to condense 300 data centres in only 30 worldwide......this is known as optimization/utilization of existing resources instead of buying more & more and spending more & more on hardware,personnel,rent & electricity......none of them is cheap......
RVBD & AMZN are trying to stabilize around these levels.....they are just about done today finding support ...and should be moving higher if fed news is good......
RIMM is UP 57 cents ...Canaccord Capital increase target on RIMM to $160......
AAPL is the "second superstar in my show " UP $1.64 only 73 cents away from yesterday's all-time high......
MR which reports AH thursday UP 96 cents...expecting beat and good guidance......
@ 11.50 AM the following stocks are green on my WL :
GOOG (new high),BIDU,SOHU (new high),FMCN,TSL,
DELL (new high came clean on accounting & restored buyback) ,
SIRF (blowout ER),ICE,CTRP(kissing new high),VLO,TSO,
FSLR,MA(blowout ER),NCTY,STP,ASTI,CSCO,JASO,DRYS.
Good luck until fed decision.....
I will give my view of fed decision around 3 pm in my BLOG.
BLOG does not give buy or sell.
Saleem
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