Fed minutes caused a rally in markets......why......no fear of inflation anymore.....a major shift in focus....which is very good for stocks !!!!
I sold SNDK and booked a loss of $ 4.08 per share......tape has been very disappointing....held it for 3 months ..nothing to show for ?????
I added 15% RIMM...........Cost now $112.08.....
I bought back WFR @ $63.92........
I doubled my position in XFML..cost now $9.54.......My DD is getting me quite confident that XFML will turn out to be very good investment.....not a speculative buy anymore.....I feel this is the-most undervalued Chinese stock now...with solid earning and sales which is growing....It is rated as strong buy as per analyst consensus.
XFML got an investment stake of 6.2% worth $25.7 million by supermarket Billionaire Ron Burkle affiliate company Yucaipa Cos..and they got a seat on the board of XFML....They hold 8.6 million share of XFML....His reason " shares are undervalued by the market at the present time"details are in AP news @ 1.46 PM today........
XFML came as IPO in march @ $13.........after 7 months we are trading 31% below IPO....Yucaipa feels that there is "substantial opportunity for future growth".......
CMED "crawled to a green close" UP 7 pesos......
FMCN went to a new all-time high as expected and closed UP $1.03....on heavy volume....
SINA jumped to an new high also closed UP $1.24........
WFR UP 19 cents.....
NOK down 4 cents....
NVDA down 65 cents....wed could be the-day for new high.....
RIMM down $2.13.....taking a well-deserved nap......
XFML down 58 cents..which gave me a very low price for doubling my stake $$$$
GOOG was strong....
GRMN was strong....
JRJC came back strong....
VMW went to all-time high....
YTEC strong....
CHNR strong.....
Good luck for wed.....
BLOG does not give buy or sell.
Saleem
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