Markets were given more bad news about housing & sub-prime by Bank of America...2nd largest bank in US......
The magnitude of loss was the stinker......so a negative start for the market.....
Markets are in a rotating correction for the last one week.....and it will continue until we are all set to report Q4......
Q4 is the strongest quarter for tech & all consumer related business.....so I am expecting a HUGE rally going into christmas.......
In the meantime keep playing the rotation and keep booking profit.....most stocks you can catch $1.50 swing on a daily basis......all the strong stocks do that daily.....
Today I added 32% more VMW.....my cost now is $103.75......
VMW is the sole leader of virtualization technology......they optimize servers , PC & Laptop to do more with what you have...so companies save on hardware,space,electricity & personnel....they have almost 2 year lead from MSFT......MSFT will remain has been in this area...you start 2 years late and you stay behind ALWAY'S....
In my portfolio :
VMW down $1.55..
SINA down 58 cents..
LDK UP 47 cents..
CMED UP 64 cents...
RIMM flat..
AAPL down 58 cents..
Among stocks I watch @ 11.21 AM the green is showing in :
STP (new high),FMCN,NOK (good ER),NTES (highest channel),DELL,
ICE,IGT,BIDU,CTRP,FSLR,IIJI,MTU,NMR,NCTY,MR,ASTI.AKAM,
JASO.
GOOG reports AH.....it is expected to be a good report with good forward hints..as Q4 is the strongest Q for all internet /consumer spending related area.
GOOG will give a big boost to QQQQ......
Stay in the market in a diversified strong stocks portfolio $$$$
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
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