Wednesday, October 17, 2007

Split market @ close .....

Dow Down Nasdaq UP......

Split market is not a good sign.....both Dow & Nasdaq needs to dance together.....

Market internals were not strong even on Nasdaq.....

Nasdaq new 52 week low were in lead..Advancing stock lead bu only 131.....the only good news on Nasdaq was advancing volume was ahead by 2.39 to 1......

I bought back VMW @ $104.19

I bought back SINA @ $54.28

I bought CMED twice @ $41.12

I bought AAPL @ $171.26....I thought I will never buy AAPL until SEC option investigation is over...but after 10 months...it is a safe bet that SEC is not pursuing it as far as Steve Jobs ia concerned....

My portfolio now is :

AAPL,CMED,LDK,SINA,VMW & RIMM.....

My portfolio was UP 2.8%.......

EBAY ER was good except some minor issues for lower margin for 2008......so bad news was given in an upfront manner...market may discount this quickly.....

All Chinese petroleum stocks were UP big.....SNP UP $24+PTR $33+

LFC was UP $11+...

FXI was UP $19+...

STP was strong hit new high...

NVDA new high.....

AAPL new high....

Thursday we have GOOG reporting AH...should be good...

Monday AAPL is reporting should be good also.....

If all the important ER is good as perceived by the market...then we will have major rally going into next week....with some hesitation going into OE friday this week.

Sorry for late posting......had a serious attack of muscle spasm...took 90 minutes to deal with it....tomorrow I will go to see my personal physician....@ 3PM.

Good luck for thursday.

BLOG does not give buy or sell.

Saleem

1 comment:

tinman said...

Saleem, if it's just a muscle cramp, take calcium. The heart uses most of our calcium, and when it falls too low, the muscles cramp up. It works for me.

Tom