Markets coming back !!!!!

Markets are coming back from weakness @ open....

We opened weak because of Hong Kong was down over 2%.....

Plus MM/Hedge funds wants to accumulate more stocks @ cheaper prices...in the name of Jobs report.......

Jobs Report will be a non-event in terms of its impact on friday close.....my thinking only...I am a well defined CONTRARIAN.....by all measurement !!!!

I added 11% more RIMM @ open.....as I believe that RIMM ER AH on thursday will be good & guidance will be better than consensus.....My cost now is $96.96.....my largest $$ allocation in any single stock ever......

In my portfolio:

CMED is down $1.83 on sector weakness as MR is also down $3.....

FMCN is down $1.05....based on market weakness....

WFR down 68 Cents.....the most "undervalued silicon wafer play"

SNDK down $1.28 due to lousy ER and NO guidance from MU..the perrenial loser....SNDK business is very good and margins are improving unlike MU....

NMX UP 57 Cents...my second largest $$ allocation..only slightly behind RIMM....as I believe that NMX" is the-most undervalued exchange stock"....I am making lot of long term bets....these days.....

RIMM is UP $2.24......Shorts are going to "crushed again with RIMM ER"...but I guess they are hoping they will be right with their 10th short position.......a sure recipe for financial disaster....of course in my humble opinion....."never fight a good business trend".......smart investors join the party....$$$$$

Other stocks which are green @ 11.18 AM are:

VMW (new high again....feel bad.. I let it go @ $79),
PMCS (new high on upgrade),BX (hiting highest channel),RVBD,WYN,
NYX (highest channel in a long time),AAPL (new high),
IIJI (higher channel after long base..on heavy volume),MA,AKAM,NVTL,
CIEN,XFML,CHNR,GRRF,CBAK.

Good luck on rest of the day.

BLOG does not give buy or sell.

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