Markets are in typical bull mode.....
Markets down quickly and trying to recover....
Nasdaq is giving a clear signal...that it is strong & wants to go higher $$$
Nasdaq has proven to most believers that it is the-place to be......
I expect a strong close and follow thru in AM.....then fed decision jitters will take over....
Fed may do the following :
.25 basis cut in fed funds rate....
.50 basis cut in discount rate....
If this happens.....we are of to the races ..better than $2 bet on a long shot in Kentucky Derby $$$$$
Today I sold all SINA in pre-market to book a gain of $4.60 per share......
I tripled my position in RVBD...but it tanked after my purchase....what else is new.....my cost now $33.84
I also bought MR as earnings play.....they report on thursday before open......my cost $39.71...
In my portfolio :
VMW down 89 cents...it went to new all-time high this AM...looks very good $$$
RVBD is down $1.20....recovered most of its loss..was down $2.53 @ low of the day...on heavy volume...either a retest of low to make double bottom or capitulation by big money...tommorrow is end of the October month ????
AMZN down 41 cents....
RIMM down 35 cents...
MR down 45 cents...
AAPL is "Superstar in my show " UP $2.39 on hevy volume as it sold 2 million copy of its new operating system Leopard in 3 day's.....only $1.12 away from its all-time high......
@11.20 the following are "green on my WL"
SINA(new high),SOHU ( new high on great ER & Guidance),CMED (new high),
TSL,SNDK,ISRG,ICE,GOOG (new high),BIDU (new high),WYN,NVDA,NYX.
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
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