All indices closed near low of the day after reversing from HIGHS.....
Internals were weaker than close....
RSI reading on all indices improved to healthy level from FROTHY......
S&P 500 63.83
Dow 63.19
Nasdaq 69.10
In my portfolio :
Bought MRVL..paid $16.31
Portfolio is GSS,HL,HOU.TO,COMS,MRVL,POT,SOL.....
I am 75% invested.....
AH Futures are GREEN
VIX closed @23.49 UP 1.78%
RIMM reports AH..expecting BEAT & Guide UP......
BLOG does NOT give buy or sell.
Saleem
SALEEM
ReplyDeleteHello to all
COMS is looking hot today
News on RIMM:Research In Motion (RIMM Quote) will post quarterly results after the closing bell Thursday. The Blackberry maker is expected to report quarterly earnings of $1 a share on revenue of $3.62 billion, according to Thomson Reuters.
J the Cramer says
APPLE, RIMM and Palm is the only way to play this market--I like APPLE the best!
Cramer also likes T --MRVL is an interesting pick
Could you share your reason for buying it
C
Hi C,
ReplyDeleteMRVL is growing its sales & profit..it is involved in supplying to PC & smartphones through its controllers & SOC.
EPS is growing to 50 cents this year to 76 cents next year....
It has Sales of $2.5 Billion.....
So it is my indirect play for PC/Hard Drive growth & smartphone.
Saleem
Saleem hello
ReplyDeleteI love a good story I sent you a bunch of research
I would have thought that PALM or T would be your buy.
MRVL RSI is very good
MRVL arnings GOOD
-PE forward is- 30.2x -- One year growth +220.51%
Hi C,
ReplyDeleteI generally have one or two sexy stocks..rest are always boring...keeps my brains working OT.
Saleem