Markets are completing their test/retest based on news......
Latest focus is on LEH......
Next could be AIG or MER......
These negative financial news will NOT end anytime soon......????
Because they are all interlinked with debt swap & bad mortgages...which has very little market value......
So all you CAN do is stay away from financials in any shape, size or form.....
There IS more consolidation coming in financials....in the end we may lose half of big names by mergers @ low,low prices......
In my portfolio :
I bought more PMCS ...my price went down to $8.69......this is a semiconductor play with rising sales & earnings.....they sell to telecom space....
RIMM UP $1.76
GG Down 49 cents
PMCS Down 11 cents
CSIQ UP 51 cents
SOL down 44 cents
@ 11.38 AM the following are green :
BRCM,ECA,LDK,POT,ICE,YHOO,CCJ,JRCC,IGT,
WYNN,MA,BIDU,LVS,MRVL,VLO,SPWR,GOOG,FWLT,
VAR,AGU,AMZN,X.
BLOG does NOT give buy or sell.
Saleem
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