Wednesday, September 23, 2009

Pullback was necessary......

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

4 comments:

c said...

SALEEM
Hello 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

Stocks100 said...

Hi C,

MRVL 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

c said...

Saleem hello

I 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%

Stocks100 said...

Hi C,

I generally have one or two sexy stocks..rest are always boring...keeps my brains working OT.

Saleem