Indices closed green, but internals were negative.
Lot of profit taking going on or Option Expiry activity,which is giving the TAPE a negative slant for the most part.
Stocks which were Down 2% or more included LVS,FFIV,RVBD,NFLX,PCLN,
CRM,AKAM,SOHU,BBY,CREE,LEN,C,FUQI,EBIX,NVTL,CRUS,CCME....
VIX closed @ 17.61 UP .34%
AH Futures Mixed
AH Asian markets Down
AH Oil Down
AH Gold & Silver Down
BLOG does NOT give buy or sell.
Saleem
7 comments:
good morning to you SALEEM
Beautiful day
FFIV is up hooray whooo hoooo
How is this possible I thought the head wind was lost
Cheers to you !
Hi Madmax,
I told you that there is strong support @ $130 area for FFIV....guess where it turned...$131.27...
Good luck today $$$$
Saleem
Still holding LVS. Bad entry I guess. The stock is deep in RED today too.
What does the technicals say for this stock?
Thanks
Hi Paramjeet,
Sold LVS & bought RVBD.
Saleem
SAEEM
Did any one see this on LVSGaming revenues to grow 45 pct in December: analyst
15/12/2010 03:00:00
Macau’s gaming revenue in December is likely to rise 40 to 45 percent on the previous December figures, implying a full-year haul in excess of MOP 186 billion more than the previous year’s total revenue, Credit Suisse analyst Gabriel Chan said yesterday, while Morgan Stanley also tips “another year of outperformance” in 2011, Dow Jones reported.
Morgan Stanley foresees Macau gross gaming revenue will grow 57 percent this year, from the previous prediction of 52 percent. As for next year, the company raises growth estimates from 13 to 15 percent.
It also says SJM Holdings and Galaxy Entertainment are its top picks in stocks in the near-term and believes Sands China will garner interest only after six months once it resolves its lawsuit, construction worker and Cotai’s lots 7 and 8 issues. Melco International is Morgan Stanley’s least preferred stock.
Hi Madmax,
IF you read the end..it staes LVS many issues which will prevent its appreciation....that is why LVS has been slumping daily.
Saleem
SALEEM
So sorry
I did NOT catch that hanging sentence
Gosh what a stinker
sell sell sell
Thanks
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