Market makers have a problem on hand.....most options are in the money..so they are trying to contain rising value by either buying back or inducing selling in key equities.....I believe that by end of the day bulls should be in control....
Oil Down 6 cents
Gold UP $5.30
Canadian $ Down 13 tick to 99.51...@ one point this AM it was above US$ by 11 tick......
In my portfolio :
Bought AAPL @ $301.40 long...
Portfolio is AAPL,LVS,ARUN......
Stocks are Mixed...
VIX UP 7.03% @ 20.41
@ 12.43 following are RED :
RVBD,GOOG,BIDU,POT,AGU,IBN,SOHU,
ISRG,GS,X,CNQ,AMCC,BAC,C,SNDK,FMCN,
RCI,SINA,AEM,ABX,FWLT...
BLOG does NOT give buy or sell.
Saleem
4 comments:
SALEEM
Looks like APPLE is getting taken down
WOW $301 now!
My LVS is about even
DO we close green today??
have a good day
Hi C,
There is a very good chance of green close....
GOOG reports AH...it should be a beat & rosy commentary..which will drive nasdaq higher on Friday....
AAPL reports AH Monday...expecting a "huge beat"...
Saleem
SALEEM
I did not know that APPLE was reporting on Monday---WOW
I was countging on a computer show and release of Verizon iPhone to propel APPLE up
We may see a $17 pop on Monday--APPLE has got to beet big but if it does there are a lot of hanger on's that want higher price--
J Cramer said he see $350 soon, and with the low PE we could go a lot higher as APPLE is under priced.
Just saying is all--my .02 cents
thanks so much for your take on the market--you make is sound so easy
thanks again
Hi C,
Nothing is easy BUT it is important to work with some scenario....Fundamental reason & technical reason are all lining up for key tech stocks like AAPL...
Cramer says $325...but most analyst are hitting $400+
Saleem
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