Indices are on a tear again.....
We are sitting @ highest point in 2.5 yrs .....
Internals were super strong.....
Adami, Kass,Prechter,Rosenberg are the undisputed "surprise for this year also",they remain firmly bearish for 2 years in a row......they haven't seen a single thing which has changed their mind yet...maybe S&P 500 @ 1500 could do the trick.........
Strong stocks included PCLN,FFIV,MGM,
BAC,RIMM,BIDU,GOOG,IAG,SLW,MOS,
POT,IBN,SOHU,ISRG,X,TCK,LVS,JDSU,
CIEN,LEN,NVLS,SNDK,ARUN,IGTE,STP....
AH ER BRCM guiding lower,stock Down 2.92%
AH ER WFR guiding higher,stock UP 3.35%
AH ER APKT was a beat,stock UP 4.92%.....may give some oxygen to FFIV & RVBD
AH Futures Down
AH Asian markets UP
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
2 comments:
Saleem,
I have been watching some beaten down stocks which have shown great recoveries in the past.
Your thoughts on CREE, GNK and CSTR will be appreciated.
Thanks
Paramjeet
Hi Paramjeet,
I will not touvh GNK or CSTR....
CREE is a very good buy.
All opinion based on fundamental trend of future business.
Saleem
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