Indices are UP thanks to no surprise from Ben Bernanke. Beige book also showing modest to moderate growth.
S&P 500 @ 1682.05
Internals are positive
Oil Down 2 cents
Gold Down $14.60
Canadian $ Down 39 tick @ 95.94
VIX Down 4.30% @ 13.80
In my portfolio :
Bought AMD @ $4.38
Portfolio AMD EBAY KOG KORS MU AUY
Exposure 115%
Most stocks are UP
@ 2.09 following are red :
AMD AUY CSIQ POT JCP AAPL DNKN CMG
YUM M LVS COH GG V BRCM SNDK
NVDA SBUX MCD EGO SLW AEM
WYNN AGU IBN FCX....
EBAY reports tonight, expectations are Sales $3.89 Billion & EPS 63 cents.....as big money is supporting this stock, expect a positive TAPE AH.
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteThe market looks to be in melt up mode. I'm not sure how earnings will play into this, but buying any dip here I think is the right idea.
Stocktrader
Hl Stocktrader,
ReplyDeleteThere was no surprise in BB reply or testimony.....
I am optimistic here.
Saleem
Hey Saleem,
ReplyDeleteListening to conference call--SNDK guidance nice, especially margins.
Stocktrader
Hi Stocktrader,
ReplyDeleteYES...SNDK is UP nicely almost 7%..opposite of EBAY.....hopefully MU will move its UP almost 2%.....
Saleem
Hey Saleem,
ReplyDeleteI worry that some of the Asian players will see the current profitability in DRAM/NAND and start ordering equipment. The inflection point for the memory game is so hard to predict.
As for EBAY, was it really as bad as the price action seems to indicate? I wanted to listen to that call but got caught up in SNDK.
Stocktrader
Hi Stocktrader,
ReplyDeleteEBAY guidance is NOT too far off....missing 2 to 3 cents for the whole year....no mercy for that????
Saleem