Markets took the expected tumble @ open.......
Nasdaq & even dow are trying to ignore "one sector challenges"
Financial will take time to sort out everything...with writedown & CEO mess...
Markets today has discounted writedown mess.....
Only financial,housing,mortgages will be under pressure going forward.....
Strong tech stocks are showing "incredible resiliency"...which is giving a signal for better things to come in that sector.....
I did some trades already :
I sold 46% of my VMW and booked a profit of $8.74 per share.......It is showing weakness since friday as DELL has bought a company in the same space today......still extremely bullish on VMW leadership in virtualization field......for the first time I have sold a partial position..otherwise I am all IN or all OUT.
Bought FMCN as it is showing tremendous strength by closing time....was UP $2++ on friday in a bad tape....my cost $64.34
In my portfolio :
RIMM as expected is @ new all time high...with the introduction of new software to help small to medium business....also selling GPS enabled Blacberries...RIMM tape is telling me that Sales are going way-better than consensus.....RIMM is UP $3.29.....
AAPL is also bucking the trend and is UP 76 cents...iphone is being introduced in Britain & other European countries.....Mac & Leopard sales is tracking well $$$$$
AAPL only $ 1.75 from its all-time high @ last tick.......
SINA is UP 2 cents in this bad tape......
VMW is the big downer today Down $5.26 on heavy volume......
RVBD is down 49 cents...behaving much better than Nasdaq....wants to go higher today $$$$
CMED is down $1.35...doing its usual slump & jump......on average volume....
FMCN is down down $1.30.....after showing tremendous strength after open.....was even green ..
My portfolio is :
AAPL,CMED,RVBD,SINA,VMW,RIMM & FMCN....
@ 11.40 AM the following stocks are green:
BRCM ( found support after slumping for 2 weeks),ICE,YHOO,GOOG (new high),
IGT,BIDU (new high),FSLR,AMD,NTES (breakout mode),NCTY ( injured & limping),
ASTI.
You can leave your feedback by clicking on the comments sign @ the end of my each post...I will try to adress some of your issues in my post and also individually if humanly possible....as there are over 400 visitors daily to my blog.....would like to know how you value my post & thoughts....nice to hear nice things also......In order to read comments & my reply..click where comments numbers are shown....
Good luck on rest of the day....looks like a turnaround is in the store.
BLOG does not give buy or sell.
Saleem
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