Markets kept trying to go to unchanged levels...but thanks to mini S&P.....everything was controlled to get a weak close......One more win for hedgies...they do it the old-fashioned way...they rigged it !!!
Jobs report I am expecting it to be a neutral for stocks....not too cold ..not too hot.....
New 52 week highs kept a comfortable LEAD on both NYSE & Nasdaq.....which proves the real strength of the markets.......
AH NTRI took a tumble down $11.....
LDK took a huge "haircut down $22"...
In my portfolio :
CMED down $3.28 on almost double the average volume.....was staying near all-time high for few days.....so a giveback was in order....$38.88 is next support...but it can be taken further down to scare nervous traders...MM /Hedgies want to load UP from weak retail.....they love to take it BELOW perceived support..so retail can "jump out with a hefty loss"......
MR down $2.48 after being down $4.33 on double the average volume also ???? not in my portfolio but interesting co-incidence...
FMCN down $1.69.....following market weakness.....
WFR down $1.25.....the only solar silicon wafer maker which is "undervalued"....they also make wafers for semiconductors......two in demand business......
SNDK down $1.68....thanks to MU for their ongoing bad ER......SNDK is in Flash Memory business which is being used in many many gadgets...from iphone,smartphones,ipod,Zune,sansa,digital cameras to Laptops by Dell......
NMX down 32 Cents...pretty stable lately...wants to go higher....
RIMM close UP 2 Cents....reports AH thursday....expecting good ER & guidance above consensus.
Casino's stocks were beaten up pretty bad..due to lower take from Macau just reported..WYNN down $16,LVS down $17 and MPEL down $1.14.......
Most Solar stocks were down...TSL down $6.24,FSLR down $3.61,JASO down $3.66,STP down $1.16......
CREE was taken apart down $3.75...no LED lights were burning today......
Junior Chinese stocks continued to move UP CHNR,CBAK and a major supplier to China CDS UP $1.60 20.51 % jump.....CDS is way undervalued......SDTH stable...down 18 Cents...
Good luck on thursday...that will depend on Hong Kong close ....as the negative sentiment may carryover to Europe then on to US...and affecting Chinese ADR's here......
BLOG does not give buy or sell.
Saleem
No comments:
Post a Comment