Friday, October 23, 2009

Normal profit taking @ elevated levels......

Indices are all in RED .......this is "normal" profit taking which IS prudent......

MSFT & AMZN gave Nasdaq a boost but not good enough for new HIGHS in Nasdaq..kind of disappointing...so we go down & "regroup"......by the way..none of the numbers are technically important like 10K or 971...these are CNBC nonsense.....we have come a long way so pullback must not surprise anyone & it IS healthy...

So far...buyers are stepping in AGAIN......NICE !!!!

Gold Down $4.80

Oil Down 32 cents

Canadian $ Down 33 tick

Portfolio is AUY,BAC,COMS,GNK,MRVL,RIMM.....

@ 12.36 following are green :

AMZN,MSFT,AUY,SLW,SINA,C,TKC,WYNN,
MA,BIDU,LVS,SOHU,VLO,ISRG,IPI,FXI,NDN.

BLOG does NOT give buy or sell.

Saleem

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