Markets are going through many "jitters" this morning......
End of the months...end of Q.....
Street still "net short".....
Paulson trying to regulate financial scene with more monitoring & veto power???
Major ER due in next few days???
In my portfolio:
AAPL UP $1.33
NVDA UP 14 cents
PIR UP 38 cents
RIMM down $1.97 on heavy volume????
TOL UP 78 cents
@11.31 AM the following are green :
STP,FSLR,CSIQ,COIN,C,SNDK,GS,V,ICE,IGT,WYNN,
LVS,NYX,SPWR,ISRG,XLF,AMZN,GOOG,FWLT,JNPR,
XHB,NCTY,X.
BLOG does NOT give buy or sell.
Saleem
14 comments:
RIMM is being crushed today
WHat news did I miss??
Any one have an Idea?
THanks in advanced.
My GS is running again up and I hope away
Madmax
Did you guys look at QTWW, 22% up...!! Its a great play in the Alternative energy sector it signed an agreement to provide fueling stations to Shell and also partnership with Boeing... check it out...!!
Saleem,
Do you think RIMM is just being held down as MM's try to discourage folks from being in? Or do you have any insight as to what else may be happening? Thanks.
Hi Doug,
Lot of traders are selling..because it did NOT trade UP today.....
Some actually short on any negative tape.....
RIMM should see some kind of short covering by close...I hope !!!
Just a normal pre-earning maneuvering....
In the end..I am as much in the DARK as any other trader....as this is wall street...anything goes DAILY minute by minute!!!
Saleem
SALEEM
thanks for your take on RIMM
Good Answer
M
Saleem,
Thanks for sharing. I agree that with the uptick rule gone... the whole market is a crap shoot.
Hi Madmax & Doug,
It IS extremely "critical to book profit until aug"
Market has no "conviction".....
Saleem
Hi Saleem. Bought more RIMM, POT and ISRG on their weakness today. It's kond of scary, but I think it will pay off soon. The rumor on RIMM is that their new phone (?9000 model) will be delayed until fall. Maybe good it's coming down before earnings, but still strong last few weeks. Volume has now come down to normal to slightly lower than normal.
Hi Minaccess,
Thanks for the update on RIMM.
Good luck on POT,RIMM & ISRG.
Saleem
Saleem,
Got a question for you. I was looking at the chart on LDK with RSI about midrange 50 and stock showing hitting resistance in high 20's. It says I should not take a position until it pulls back in both RSI and $$. Am I reading this right? Thanks
Hi Standards.
Yes....you are reading it right.
Give it 2 weeks...then you will see that LDK has stabilized @ certain price point.
Saleem
Great! Thank you.
Hi Saleem. A lot of hidden weakness in today's market. Most of my stocks and the stocks I watch were down. Today must have been a bottom fishing day.
Hi Minaccess,
I am not happy with the lethargic action of most stocks.
Paltry 46 point gain in dow ...does not give confidence.
We will see how the new Q starts???
Saleem
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