Markets were reacting positively to LIBOR & Treasury rates.....
Many sectors participated in this rally with MAJOR UP moves......
Today's rally had the FEEL of "rally from support"...
Oppenheimer's Carter Worth the famed technician...who has been RIGHT most of the time is FIRM that bottom is IN & he is "ALL IN"
He is very high on Commodity ETF UYM...which is a very good way to play the materials UPTURN....
RIMM was bestowed with "three cautious commentary by analyst" Q3 estimates for Sales has been reduced due to economy & delay in BOLD launch..Morgan Keegan reduced EPS for Q3 to 87 cents from 95 cents...next week is being rumoured for much awaited BOLD launch in US......all this delay was thanks to ATT prepardness issue....RIMM closed Down $5.10 on 41 million shares vs average of 25 million .....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi All,
IBD says we are in confirmed rally.
Yep I like it! $$$$$$$$$$
Best Regards
Hi Standards,
You,me,IBD & carter worth all think the-same.
Saleem
SALEEM
FAst Money says RIMM is a sell, due to week earnings !!!
I do like your take on RIMM , However! Today may be a down day to try and sell my shares
I have QLD, MON and DSX which are hot \Cheers to all
M
Hi Madmax,
Fast money said sell but slow money like me say to hold RIMM...
There was too much noise in analyst comments.....
Whole world has known for sometimes that economy is challenging for everyone.....
Sometimes doing nothing may be the-best investment idea.
Saleem
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