Markets are rallying inspite of negatine news from Freddy Mac......
Is markets finally telling us that we have seen this correction ????
Markets & stocks are extremely unpredictable...so it is always a good idea to have "reasonable exposure in the markets"...
In my portfolio :
FMCN is slumping to lows of the day...inspite of increased target by Citigroup to $80 and a buy rating...Goldman Sachs also repeated a buy with $65 target......
Looks like some hedge funds are playing "big time with FMCN & driving it to the ground to accummulate as many shares on the CHEAP "
FMCN which is currently down $6.65 on heavy volume...is a screaming buy..based on past & future business trends.....FMCN is the-most undervalued stock in China based on its growth prospects.......
SINA is UP $1.22.......recovering from ER reaction also......
AAPL is UP $7.15......
RIMM is UP $5.50 on an upgrade from Thomas Weisel to "outperform"...
All I can reinforce that one must pay attention to $ allocation & staying in different industries ..which CAN & DOES protect you in a situation like FMCN...which is very temporary...
@11.20 AM the following are strong :
BIDU,GOOG,GRMN,VMW,RVBD,JASO,SNDA,NCTY,TSL,ISRG,
SNDK,WYNN,LVS,NYX,VLO,SNE,SOHU,NMR,AKAM,MA,CIEN.
Good luck on fed policy release.
Monitor your stocks closely for your own comfort level.
BLOG does not give buy or sell.
Saleem
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