Tuesday, November 6, 2007

Markets meandering after opening higher ????

Market opened higher...then went into red......

This is normal when market is coming UP from a major drubbing......

I will see how the close goes.......Closing should be better than the lows of the day...

In my portfolio :

SINA down $2.91 on no news...after making series of new highs last week.....

FMCN down $1.63 reflecting market weakness....generally "turns around in a hurry"

RVBD UP 89 cents...ready to break the downtrend.....which will be history soon.....

CMED UP 82 cents...few stocks which remained green this am...so far....

RIMM went to new all time high on two analyst target increase to $160 and positive comments about RIMM'S business in 08...UP $2.28

AAPL UP 20 cents .....

@11.15 the following stocks are green :

MR,BIDU(New high),GOOG(new High),BRCM,TSL,ISRG,FSLR(new high),
SPWR (new high),ICE,CTRP (new high),LDK,NVDA (getting close to high),
VLO (on ER),GRMN (found support around $95+ area),WFR (getting close to high),
STP (almost new high),NDAQ (new high),ASTI (many solar stocks got upgraded today),
MA (new high),JASO (new high).

You need to buy with conviction in this market.....

Must know your stocks FA & TA....then it will give you confidence.....so you will NOT sell in panic or get "shaken out by MM".....

Good luck on rest of the day.

BLOG does not give buy or sell.

Saleem

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