Markets were following a familiar pattern of down triple digits.....then staging a rally in the last 75 minutes....
Each day rumour is playing a central role in the dip or reversal.....
Markets remain in jittery mode...so rumour are deciding the trend...UP or DOWN.....
AH MSFT lit up the nasdaq by beating estimates by 6 cents.....UP $4+ AH
VSEA was the disaster du jour AH down almost $10 on ER......
BIDU reported beat by 2 cents....rev in line...guidance rev higher by $1 million..but EPS may be under pressure because of expenses to upgrade services.....Down $13 AH...maybe Down big friday...because of lofty level......& lackluster EPS picture......
WFR came out with good ER UP $5++
In my portfolio :
VMW UP $10.48....most analyst increased VMW price target to $135 area.....reflecting 90%++ growth for several Q going forward as per CFO.......
SINA down $1.85
FMCN down $2.47...pressured down re 4.2% upcoming dilution in TOS....
CMED UP $2.66 on heavy volume....all set for "breakout to new all time high...only $1.45 away from previous high"...immediate trading target of $46.77 $$$$$
AAPL down $3.15...almost ready for "green day" slated for "breakout @ $188.80 target $205"...
RIMM down $4.96...still building support before another breakout....
ISRG strong..new high.....
YHOO strong
STP super strong..
VLO strong...
NOK new high...
Good luck on friday the 26th.....which is expected to be a very strong day for Nasdaq...take advantage by buying strong stocks in a diversified mode...know your stocks well..know FA & TA...and please sell bargain stocks...they are bargain for a reason......
BLOG does not give buy or sell.
Saleem
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