Markets opened higher then was sent lower...and now it is green across the board.
All economic report is weak...which bodes well for next fed interest rate cut....
Market wants to rally...as it is looking beyond next 10 second focus or rehashing of yesterday...
I did lot of trades today and they are :
Sold all NMX for a $7.69 per share gain.....so what did I do with the loot......
Bought 50% more CMED to take advantage of the selloff..now my cost is $39.24...
Bought NOK @ $36.19...after its latest selloff re NVT......which is a smart move for next 6 months and forward....
Bought CDS @ $9.14...thanks to MINA..who highlighted this for me..it is an American company doing lot of business in China.....growing earning YOY & sequentially....
In my portfolio:
CMED down 25 cent...trying to build a strong base to run from...I think most of the selling is out of the way...and $38.88 support is holding.....
FMCN is UP 86 Cents......the-best idea in China Growth story to olympics & beyond...it is their internet ad business which is also booming alongwith LCD.....
WFR is UP 80 Cents.....the-most undervalued semi & solar play....
SNDK down 60 Cents...still reeling from MU ER...SNDK reports on 18th Oct AH.....
NOK is down 8 cents from my purchase.....NOK rules in consumer phone segment....
CDS trading @ my cost.....
RIMM is the "superstar" UP $2.76...reports AH....expecting good ER.....
Among other stocks which are green @ 11.44 AM are :
NMX,VMW,SIRF,BX,ICE,BIDU,NYX (higher & higher),AOB,
GRMN (trying to rebound),FSLR,IIJI,SOHU,NMR,XING,
NCTY,MA,CHINA,LDK (rebounding from yesterday's drubbing).
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
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