Thursday, October 14, 2010

Mild pullback in indices.....

Indices pulled back slightly after major gains....

Internals were negative....

Strong stocks included AAPL,PCLN,LDK,DQ,
MA,CREE,STP.....

AH GOOG blew past analysts estimate in Sales & EPS....GOOG AH closed UP $49.07 on AH volume of 1.49 million shares..our resident guru of CNBC Jimmy the Cramer bashed GOOG in stop trading saying it is NOT in the category of AAPL or has any growth profile .....BUT ER proved him & all Fast Money gang wrong....

AH futures UP

AH Asian markets Mixed

AH Oil Down

AH Gold UP

BLOG does NOT give buy or sell.

Saleem

7 comments:

  1. SALEEM

    You the MAN--APPLE is up pre market
    after the GOOGLE block buster earnings - wow.
    J Cramer is a fantastic showman--but very opinioned and wrong on lots of his calls. On APPLE he is right on I think apple could go to $310 today--Maybe?

    The financilas are still hurt--yeks

    Have a great weekend
    best to all!!!!!!!!!!

    ReplyDelete
  2. Hi C,

    Thanks for your feedback.

    It is important NOT to follow anyone with all the calls..Jimmy the Cramer is WRONG most of the time & is generally LATE to the party.

    AAPL has made me "serious money" which is very nice.....I will take $310 & run.....

    Saleem

    ReplyDelete
  3. Saleem,

    I joined in the AAPL crowd yesterday at 304 AH. I heard the target at $500 this morning? Hope it will go to $400. I will laugh with my money to the bank. You have been right all the time about AAPL before any analyst.

    Michael

    ReplyDelete
  4. HELLO TO ALL

    Do not look now but APPLE is at $307

    More to come the volume is not as high as I would like--but their are loads of small buys and that means huge interest-With google up $50 APPLE should go up at leastg 10-15 bucks
    Looking for $10 today
    I bet SALEEM stays on board and hold out for $325 J Cramers target back in June Now he says it is $400 who knew?

    LOL
    Best to all

    ReplyDelete
  5. Hi Michael & C,

    I took $310 & ran for now....will look for another entry point in AAPL to day or Monday !!!!

    Good luck with your OWN strategy..i have much shorter time frame based on elevated level of this market.....

    Saleem

    ReplyDelete
  6. Saleem

    this market is way elevated

    I just gotta belive that APPLE rules and will continue to until earnings they as I predict they will be blow out earning both in recored earning and profit and if APPLE give any kind of positive guidence --look out $350 at least

    But you gotta be scared of the market when it has climbed this high --so fast too

    this is all of my musing
    best to all

    ReplyDelete
  7. Hi C,

    We all have to guard against "sell on the news" especially IF stock & market s are making new highs...

    There is no doubt that AAPL will beat & be very optimistic about future.....BUT how much is that priced in & @ what level????that is a million $ question & none of us have the answer until after the fact !!!!

    Saleem

    ReplyDelete