Thursday, August 28, 2008

S&P 500 closed @ 1300.68 !!!!

Markets were very strong and closed @ absolute HIGH of the day !!!!

Oil was DOWN ...much to surprise of many...

Gold was UP..much to surprise of many...

US$ was UP...much to surprise of many.....

Finally Markets were strong....much to surprise of many....

In my portfolio :

AAPL rating 30/80 target $198.12

CSIQ rating 15/85 target $38.23...Started to run ..but was stalled @ resistance $31.47 AGAIN ...and closed Down 55 cents...so much for my feeling.....I have the same feeling for strong Friday!!!

RIMM rating 25/85 target $151.12

SOL rating 40/55 target $28.37...Annual General Meeting is in Hong Kong as I write...should get some press/announcement for Friday trading.....CAN be a very good day for SOL !!!!

AH Dell ER missed big time down $3...putting pressure on techs...their excuse spending softness in Asia & Europe.....AAPL,HPQ,& other Asian Computer makers are eating Dell BRUNCH is the real reason.....

MRVL ER was a Beat but guiding EPS in-line but softer Sales than consensus......

BLOG does NOT give buy or sell.

Saleem

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