NASDAQ is taking a big hit after DELL & MRVL ER was taken as negative going forward....
Oil is UP slightly...as GUSTAV will not land until Tuesday........
Solar stocks are bucking the trend as they are UP.......
In my portfolio :
SOL UP 39 cents
CSIQ UP $1.57
AAPL Down $3.49..weakness due to tech selling.....
RIMM Down $5.69.....RIMM Blackberry BOLD will be sold in US starting Oct 2nd...with full launch Oct 6th as per Barron's.....
@11.32 AM the following are green :
LDK ( contract with Hyundai),STP,JASO,YGE,LVS,SPWR,
FSLR,GS,X,IPI.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Do you think its worth staying in RIMM at this point - tape is looking pretty weak on slightly higher than avg volume...
Thanks,
AD
Hi Ad,
RIMM is a very volatile stock...that is why it is a great trading stock.....
$120 area is support...I think it will hold......
Downside from here is max to $115...but UPside is to $135....
So $5 down $15 UP......
I am staying put for now !!!
Saleem
Good morning Saleem,
If you have a chance, take a look @ EMKR. It was recommended to me and its supposed to spin off its solar division next year. Have a great weekend everyone.
Victor
Hi Victor,
EMKR looks very good now as it is ready to be profitable from Sep Q....Its Sales are growing rapidly 50%-85% range....
I stay away from any stock which does not make money...EMKR is going to make money this Q....
Current price of $6.17 is also attractive...its 52 wk high is $15.90...
Risk/reward ratio is looking very good.....good volume also...
Looks like a strong buy $$$$
Saleem
Saleem,
Thanks for your input. I believe I'll start a new position.
Victor
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