Markets @ record high for the year $$$$

Markets took off because of "reasonable growth in jobs 110k......and the fear of recession dissappeared with upward revision to last two months of job numbers"

Profits will "grow if recession is out of the way"

Markets will make further HIGHS...as highs begets highs $$$$$

I did lot of trades whole day and they were :

Sold all RIMM for $4.01 per share gain in 90 minutes.......
Sold all CDS for $2 per share gain......
Sold all VMW for $2 per share gain....
Sold all WFR for $7.18 per share gain.....

So...what did I do with major LOOT.......

Doubled my position in SINA cost now $48.47......
Doubled my position in NOK cost now $36.39.....
Bought back RIMM three times cost $111.77.....

My portfolio now is :

RIMM,CMED,FMCN,NOK,NVDA,SINA & SNDK.....

As you all know that most of the stocks were UP.....most investors/traders who were positioned in strong stocks made decent money.......

Some traders .....they run around too much in weak stocks and have NOT benefitted from this fed driven rally......I strongly URGE traders to stick to strongest stocks & NOT be a "bargain hunter"...it is NOT good for your financial well being.......

It is important to KNOW your stocks with FA & TA......buy the leaders in each industry...or max 2nd BEST will do if leaders have moved too much......

It is very EASY to lose money in markets ...but extremely difficult to "recoup lost equity"...you cannot improve EQUITY unless you do serious homework on @ least 50 stocks .....and then have 15 great ideas & trade them over & over......

By 10 AM on Saturday...I will post technically WEAK,STRONG & list of momentum stocks.....
I sincerely hope that you will look @ momentum list and buy few shares of each to a MAX of 8 different stocks .......

It has been a pleasure to SHARE my portfolio & thoughts on markets & stocks....hope it has benefitted some of you in a "big way"......

Stay diversified in strong stocks.....it takes stress away and you move ahead financially $$$$

BLOG does not give buy or sell.

Have a relaxing weekend.

Saleem