Tuesday, October 23, 2007

Markets closed Higher $$$$

Markets as "expected build a base and moved higher"...

Market closed @ high of the day.......

There was lot of excitement in the markets today.....thanks to AAPL & RIMM...which torpedoed Nasdaq & Dow higher.......

AH ......AMZN,BRCM,JNPR,ALTR all reported earnings ....but the reception was "negative"

Markets will be weak on wed......

I did lot of trades today and they are :

Sold my biggest $$ allocation in RIMM.....sold all & booked a gain of $11.02 per share.....

Sold all AAPL and booked a gain of $16.51 per share......

Added 50% more CMED my cost now is $40.99....

Today was the biggest one day gain in my investing career.....beating previous highest by 25.2%.....I am quite overwhelmed by this stroke of luck.....thus it is time to reduce my exposure to the market...while I am way-ahead $$$$$

I am taking 38% equity out of the market.......

My portfolio is :

CMED,FMCN,SINA,VMW........

VMW reports AH on wed....I am expecting a blowout Q and strong guidance....

Good luck on wed.

BLOG does not give buy or sell.

Saleem

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