Wednesday, July 17, 2013

Indices UP .08% to .35%.....NICE !!!!

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

6 comments:

stocktrader_1996 said...

Hey Saleem,

The 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

Stocks100 said...

Hl Stocktrader,

There was no surprise in BB reply or testimony.....

I am optimistic here.

Saleem

stocktrader_1996 said...

Hey Saleem,

Listening to conference call--SNDK guidance nice, especially margins.

Stocktrader

Stocks100 said...

Hi Stocktrader,

YES...SNDK is UP nicely almost 7%..opposite of EBAY.....hopefully MU will move its UP almost 2%.....

Saleem

stocktrader_1996 said...

Hey Saleem,

I 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

Stocks100 said...

Hi Stocktrader,

EBAY guidance is NOT too far off....missing 2 to 3 cents for the whole year....no mercy for that????

Saleem