Markets are in Green.....Job numbers were "hot".....
Economy is growing.....no more Greenspan "imaginary recession"....he got paid $100k for making that prediction.....
Profits will GROW with economy......which is GREAT for the markets...
RIMM hit another all time HIGH today......where is Najarian when we need him to explain his many thesis on RIMM
Dont buy before earning...means SHORT before earning.....
Fully valued day of earning....means SHORT again.....
I am sure he is still counting his LOSSES since taking a SHORT position before earning....
BIDU another strong sell of Najarian.....is @ new HIGH......
All the exchange are Higher...ICE,NMX,NYX....
JSDA is flying for 2 days now.....
Bought more YHOO missed the low by 2 cents......
SNDK is strong.....
SNDA,YHOO & FDRY have mini green.....
Other strong Stocks are:
FMCN,CTRP,WYNN,LVS,WFR,VLO,GRMN,FSLR,TSL,HOKU,SNE,
NTRI,INFY,WFR,EBAY.
Even MU is UP...must mean there is life in those tech stocks that were left for dead...AMCC,FNSR..........
Expect markets to close near HIGH of the day in this slow holiday mode !!!
Enjoy rest of the GREEN tech stock day $$$
My new HP crashed Right when I had completed my 11 am update ......could not even post.
I am returning my HP and getting refund.........
BLOG does not give BUY or SELL.
Next post from my old computer around 7 pm.
Saleem
Friday, July 6, 2007
Thursday, July 5, 2007
Sorry for the DELAY....setting new computer !!!!
Extremely sorry for this delayed report.....Got a brand new HP Pavilion....with all the gadgetry available.....including TV.......
Took me 3.5 hours to get everything going ......Still lots to do but @ least I am operational !!!
I am writing this @10.30 PM.....missed my two favourite program Cramer & Fast money....so cannot use there latest pronouncement.......
It was a pretty solid day for markets considering that bond yield shot UP to 5.14%....
Nasdaq was the strongest of all indices UP .44%.......
It is going to be TECHS that will lead this market.....
RIMM gave an extraordinary performance by jumping $8+.........
I personally think that lot of traders & investors were encouraged to SHORT RIMM before earning as per Cramer & Fast money pundits.......even after earning report..they were encouraged to SHORT again......as they proclaimed that every single cent was priced in....
Now that RIMM continue to move UP...most SHORTS are trapped since $160 to $170.......not a good situation when RIMM closed today @ $216+......
So expect continued short covering @ these levels.......and RIMM will move further UP.......
Tommorrow's job report will be a non-event...as markets want to go HIGHER.......
AAPL also gave a stunning performance alongwith GOOG by marching to new highs $$$$
All strong stocks are contnuing to move higher...beyond anybody's expectations...a sign of solid BULL market.....
My portfolio did pretty good except for STP & YHOO which declined slightly.....
GRMN continues to do well.....
All Hotels were flying.....good sign of ongoing BULL......
Please continue your OWN due diligence...as these pundits are only TREND follower and are generally late in discovering good stocks......
Please stay diversified.......
BLOG does not give buy or sell.
Next post PROMPTLY @ 11AM....
Again my apology for being out of commissioned for almost 4 hours.....
Saleem
Took me 3.5 hours to get everything going ......Still lots to do but @ least I am operational !!!
I am writing this @10.30 PM.....missed my two favourite program Cramer & Fast money....so cannot use there latest pronouncement.......
It was a pretty solid day for markets considering that bond yield shot UP to 5.14%....
Nasdaq was the strongest of all indices UP .44%.......
It is going to be TECHS that will lead this market.....
RIMM gave an extraordinary performance by jumping $8+.........
I personally think that lot of traders & investors were encouraged to SHORT RIMM before earning as per Cramer & Fast money pundits.......even after earning report..they were encouraged to SHORT again......as they proclaimed that every single cent was priced in....
Now that RIMM continue to move UP...most SHORTS are trapped since $160 to $170.......not a good situation when RIMM closed today @ $216+......
So expect continued short covering @ these levels.......and RIMM will move further UP.......
Tommorrow's job report will be a non-event...as markets want to go HIGHER.......
AAPL also gave a stunning performance alongwith GOOG by marching to new highs $$$$
All strong stocks are contnuing to move higher...beyond anybody's expectations...a sign of solid BULL market.....
My portfolio did pretty good except for STP & YHOO which declined slightly.....
GRMN continues to do well.....
All Hotels were flying.....good sign of ongoing BULL......
Please continue your OWN due diligence...as these pundits are only TREND follower and are generally late in discovering good stocks......
Please stay diversified.......
BLOG does not give buy or sell.
Next post PROMPTLY @ 11AM....
Again my apology for being out of commissioned for almost 4 hours.....
Saleem
Markets trying to discount bond yield to 5.10% !!!!
Markets are "struggling with sudden increase in bond yield to 5.10%...on tuesday it dipped below 5%...........
BX paid a"huge premium" for Hilton buyout...ebitda of 16 vs norm of 11-12........
All hotels are inplay...some more than others...so DD will come in handy !!!!
In my portfolio RIMM hit new all time HIGHS....as RIMM is ready to do the "crackberry addiction"....Chinese love addiction for many things..like gambling,online games,stocks,houses....and now RIMM'S new offering...goes on sale next month.
As we all know that China is a HUGE market...no matter what you are selling......RIMM'S blackberry is a "premium name & lifestyle product"......so it will soar in sales with its cache.....it is like buying BMW of "ultimate serious business symbol"
As I have said many times RIMM is NOT a trade...it is a keeper $$$$$$
RIMM is coming out of a very strong "blowout earnings & guidance"...so it is a losing proposition to time/trade this stock........so I think $$$$.....yes RIMM is "mildly overbought....but it has a long way to go UP in next 12 months".
Lot of nervous investors/traders are selling into these record levels already...which will CLEAR the way for "further Up move for RIMM".......$$$$
My condolence to fast money crowd...who were unanimous in their recommendation to take profit(code word SHORT NOW & buyback @ $180 area)...it is SAD that investors/traders do not do their OWN homework........
FDRY,SNDA are green...STP,SNDK,YHOO showing "red for now".....
AAPL & GOOG are in record HIGHS.......
Other strong stocks are:
FMCN,JSDA,NTES,CTRP,WYNN,LVS,TSL,SNE,WYN,BIDU(Najarian strong sell).
Good luck on rest of the day....
Next update @ 7pm est.
BLOG does not give buy or sell.
Saleem
BX paid a"huge premium" for Hilton buyout...ebitda of 16 vs norm of 11-12........
All hotels are inplay...some more than others...so DD will come in handy !!!!
In my portfolio RIMM hit new all time HIGHS....as RIMM is ready to do the "crackberry addiction"....Chinese love addiction for many things..like gambling,online games,stocks,houses....and now RIMM'S new offering...goes on sale next month.
As we all know that China is a HUGE market...no matter what you are selling......RIMM'S blackberry is a "premium name & lifestyle product"......so it will soar in sales with its cache.....it is like buying BMW of "ultimate serious business symbol"
As I have said many times RIMM is NOT a trade...it is a keeper $$$$$$
RIMM is coming out of a very strong "blowout earnings & guidance"...so it is a losing proposition to time/trade this stock........so I think $$$$.....yes RIMM is "mildly overbought....but it has a long way to go UP in next 12 months".
Lot of nervous investors/traders are selling into these record levels already...which will CLEAR the way for "further Up move for RIMM".......$$$$
My condolence to fast money crowd...who were unanimous in their recommendation to take profit(code word SHORT NOW & buyback @ $180 area)...it is SAD that investors/traders do not do their OWN homework........
FDRY,SNDA are green...STP,SNDK,YHOO showing "red for now".....
AAPL & GOOG are in record HIGHS.......
Other strong stocks are:
FMCN,JSDA,NTES,CTRP,WYNN,LVS,TSL,SNE,WYN,BIDU(Najarian strong sell).
Good luck on rest of the day....
Next update @ 7pm est.
BLOG does not give buy or sell.
Saleem
Tuesday, July 3, 2007
Markets gave "thumbs UP to July 4th" $$$
Markets celeberated July 4th holiday with a thumbs UP rally !!!!
All indices were GREEN $$$$$
Nasdaq was the best performer of all the major indices..UP .48%......which reflects the strength in technology stocks......
Technology stocks will be the next group to take "leadership role"..which bodes well for Nasdaq !!
STP closed near its high of the day UP 80 cents...closing @ $38.58.....new closing HIGH since the week of May 14........
YHOO close higher than open @ $27...UP 14 cents......which is a good sign........
SNDK closed down 80 cents on the rumour that.... SNDK will warn.......SNDK announced after the close that its ER will be on 19th July AH thus "no warning"......a day before OE !!!
RIMM lost $6.32 on higher than average volume......a normal giveback after $49 RUNUP.....UBS increased the target to $235 from $210 this AM.......
American Technology group has the highest target on RIMM $300...followed by Goldman @ $260.......
SNDA & FDRY were down on giveback from recent move UP........
Fast Money Bolling & Najarian has been relentless in Bad-mouthing RIMM....for 4 days NOW...they must have a short position.......bring it ON.....RIMM is not a trade..it is a long term HOLD........
FSLR target was increased to $110.........
GOOG & AAPL ready to march to new HIGHS $$$$
Canadian markets are open tommorrow......RIMM & other dual listed stocks will trade in Toronto........
Have a very happy July 4th !!!!
BLOG does not give buy or sell.
Next post thursday @ 11AM est.
Saleem
All indices were GREEN $$$$$
Nasdaq was the best performer of all the major indices..UP .48%......which reflects the strength in technology stocks......
Technology stocks will be the next group to take "leadership role"..which bodes well for Nasdaq !!
STP closed near its high of the day UP 80 cents...closing @ $38.58.....new closing HIGH since the week of May 14........
YHOO close higher than open @ $27...UP 14 cents......which is a good sign........
SNDK closed down 80 cents on the rumour that.... SNDK will warn.......SNDK announced after the close that its ER will be on 19th July AH thus "no warning"......a day before OE !!!
RIMM lost $6.32 on higher than average volume......a normal giveback after $49 RUNUP.....UBS increased the target to $235 from $210 this AM.......
American Technology group has the highest target on RIMM $300...followed by Goldman @ $260.......
SNDA & FDRY were down on giveback from recent move UP........
Fast Money Bolling & Najarian has been relentless in Bad-mouthing RIMM....for 4 days NOW...they must have a short position.......bring it ON.....RIMM is not a trade..it is a long term HOLD........
FSLR target was increased to $110.........
GOOG & AAPL ready to march to new HIGHS $$$$
Canadian markets are open tommorrow......RIMM & other dual listed stocks will trade in Toronto........
Have a very happy July 4th !!!!
BLOG does not give buy or sell.
Next post thursday @ 11AM est.
Saleem
Markets strong in pre-holiday session $$$$
Markets are UP close to .40% across the board.......
To "surprise of many ...including me....AAPL is all set to go to NEW all time HIGH "
AAPL is UP a healthy $5.58 @ 11AM.......
New HIGHS stocks include JNPR,CTRP,FSLR,SINA,SOHU,NCTY.........
Purchased YHOO today as it has lagged the markets in the last 3 years......I personally think that all the skepticism & bad news is priced in.....bought @ open !!!
My portfolio is taking a beating today thanks to SNDK which is showing continued weakness down $1+.......
RIMM is also down $5+.....as profit taking is setting in from its SURGE of 27%+......
STP is contnuing its RUNUP towards new high...is UP 57 cents.....
SNDA & FDRY are also down slightly.....so far....
Among the strong stocks are :
SWIR,EGO,ELX,TSL,HOKU,CIEN,DNDN,FMCN.........
Among the WEAK stocks are :
GOOG,WFR,GRMN,SNE,BIDU,MR,MA,USU........
Hope your day is going better than MINE !!!!
Next post @ 4PM.....as markets are closing @ 1PM...AH ends @ maybe 330PM......
BLOG does not give buy or sell.
Saleem
To "surprise of many ...including me....AAPL is all set to go to NEW all time HIGH "
AAPL is UP a healthy $5.58 @ 11AM.......
New HIGHS stocks include JNPR,CTRP,FSLR,SINA,SOHU,NCTY.........
Purchased YHOO today as it has lagged the markets in the last 3 years......I personally think that all the skepticism & bad news is priced in.....bought @ open !!!
My portfolio is taking a beating today thanks to SNDK which is showing continued weakness down $1+.......
RIMM is also down $5+.....as profit taking is setting in from its SURGE of 27%+......
STP is contnuing its RUNUP towards new high...is UP 57 cents.....
SNDA & FDRY are also down slightly.....so far....
Among the strong stocks are :
SWIR,EGO,ELX,TSL,HOKU,CIEN,DNDN,FMCN.........
Among the WEAK stocks are :
GOOG,WFR,GRMN,SNE,BIDU,MR,MA,USU........
Hope your day is going better than MINE !!!!
Next post @ 4PM.....as markets are closing @ 1PM...AH ends @ maybe 330PM......
BLOG does not give buy or sell.
Saleem
Monday, July 2, 2007
Markets CRUSHING SHORTS AGAIN !!!!
Markets came back very strong......crushing perpetual bears one more time !!!
UP volume on NYSE was more than 5 to 1 and about 3 to 1 on Nasdaq.
Bond yield went down below 5% in 2 weeks....
Oil is Up to recent HIGHS above $71+ comfortably....
Gold was flying today UP$8+......
RIMM marched UP to another new all time HIGH closed UP $14.27 @$214.26......on "triple" volume........
Pete Najarian told the whole world to SELL RIMM because the "move UP is OVER" on friday..... and Eric Bolling is telling to sell RIMM and buy below $190........these TWO are a real GIFT to Fast Money......please talk more.....so we can be entertained with more "outlandish calls"
STP moved UP $1.31 @$37.78...... to new trading HIGH close in 5 weeks $$$$.
FDRY had a "confirmed breakout" as per stockconsultant.com UP 60 cents...close $17.26 $$$.
SNDA moved UP to new 52 week HIGH..... UP $1.41 closing @$32.41 $$$$.
SNDK is now rated for breakout ...it closed @ $48.40 down 54 cents........
BIDU marched UP big time to close @ all time HIGH +$18.43 ..closed $186.41 $$$$$
Eric Bolling favourite call of the year.....NMX close down $2.17 to $123.46.......his "pick on friday"
Jim Cramer "stock of the year 2007 ..closed @ $73.55 down 7 cents....he made the famous call around $100".......
Cramer, Najarian & Eric should start a hedge fund for losers !!!!
NCTY & GRMN closed @ new HIGH for the year $$$$$
FSLR closed UP $4.46 to $93.75....new all time HIGH $$$$$
SOHU UP 85 Cents to new HIGH $$$$
AAPL after all the ihype is taking a rest until earning...trend sideways to DOWN....ithink.....
There should be a follow thru in the markets tommorrow ...ihope $$$$
Cannot wait for Fast Money......to hear their word of "iwisdom"
BLOG does not give buy or sell.
Next post @11AM tuesday est.......
Saleem
UP volume on NYSE was more than 5 to 1 and about 3 to 1 on Nasdaq.
Bond yield went down below 5% in 2 weeks....
Oil is Up to recent HIGHS above $71+ comfortably....
Gold was flying today UP$8+......
RIMM marched UP to another new all time HIGH closed UP $14.27 @$214.26......on "triple" volume........
Pete Najarian told the whole world to SELL RIMM because the "move UP is OVER" on friday..... and Eric Bolling is telling to sell RIMM and buy below $190........these TWO are a real GIFT to Fast Money......please talk more.....so we can be entertained with more "outlandish calls"
STP moved UP $1.31 @$37.78...... to new trading HIGH close in 5 weeks $$$$.
FDRY had a "confirmed breakout" as per stockconsultant.com UP 60 cents...close $17.26 $$$.
SNDA moved UP to new 52 week HIGH..... UP $1.41 closing @$32.41 $$$$.
SNDK is now rated for breakout ...it closed @ $48.40 down 54 cents........
BIDU marched UP big time to close @ all time HIGH +$18.43 ..closed $186.41 $$$$$
Eric Bolling favourite call of the year.....NMX close down $2.17 to $123.46.......his "pick on friday"
Jim Cramer "stock of the year 2007 ..closed @ $73.55 down 7 cents....he made the famous call around $100".......
Cramer, Najarian & Eric should start a hedge fund for losers !!!!
NCTY & GRMN closed @ new HIGH for the year $$$$$
FSLR closed UP $4.46 to $93.75....new all time HIGH $$$$$
SOHU UP 85 Cents to new HIGH $$$$
AAPL after all the ihype is taking a rest until earning...trend sideways to DOWN....ithink.....
There should be a follow thru in the markets tommorrow ...ihope $$$$
Cannot wait for Fast Money......to hear their word of "iwisdom"
BLOG does not give buy or sell.
Next post @11AM tuesday est.......
Saleem
Markets Strong on ISM data !!!!
Markets are on a roll this AM...thanks to mini oversold conditions,start of Q3,strong ISM data,strong sales of iphone and outstanding earning report from RIMM.
Nasdaq & techs are stronger than general markets...which is "a good thing".
I added 60% more to my existing position in SNDK as CIBC downgraded on valuation call ..based on $50 price target.......missed the absolute low price of $48.01 by 11 cents.
RIMM is on the "move again" UP $9+.......based on its CC...this is a keeper...or else you will MISS the biggest move in this "new darling of wall street"...only 3 analyst have upgraded this stock.....12 more to follow...I think $$$$$
STP is trading in new "higher channel" Up $1.01 cents...looking "very good"....
FDRY has started its move UP towards breakout point...UP 48 cents....
SNDA went into 52 week new HIGH...UP 82 cents.....
Some of the other stocks which are strong are @11.17AM est:
GOOG,BIDU,NVDA,IGT,WFR,GRMN,FSLR,TSL,SOHU,NTES(new search engine & $120 million buyback),NTRI,MR,LRCX,CIEN,JNPR,BRCM........
Disaster of the day is FMCN......delaying filing of annual report...due to Audit Committee internal investigation.....on potential conflict of interest ??????
Stay in the stocks that are in new 52 week high list...as they are benefitting the most on UP days......
Please do your own due diligence & stay DIVERSIFIED !!!!!
BLOG does not give buy or sell.................
Next post @7PM est.
Good luck on today's trading $$$$$
Saleem
Nasdaq & techs are stronger than general markets...which is "a good thing".
I added 60% more to my existing position in SNDK as CIBC downgraded on valuation call ..based on $50 price target.......missed the absolute low price of $48.01 by 11 cents.
RIMM is on the "move again" UP $9+.......based on its CC...this is a keeper...or else you will MISS the biggest move in this "new darling of wall street"...only 3 analyst have upgraded this stock.....12 more to follow...I think $$$$$
STP is trading in new "higher channel" Up $1.01 cents...looking "very good"....
FDRY has started its move UP towards breakout point...UP 48 cents....
SNDA went into 52 week new HIGH...UP 82 cents.....
Some of the other stocks which are strong are @11.17AM est:
GOOG,BIDU,NVDA,IGT,WFR,GRMN,FSLR,TSL,SOHU,NTES(new search engine & $120 million buyback),NTRI,MR,LRCX,CIEN,JNPR,BRCM........
Disaster of the day is FMCN......delaying filing of annual report...due to Audit Committee internal investigation.....on potential conflict of interest ??????
Stay in the stocks that are in new 52 week high list...as they are benefitting the most on UP days......
Please do your own due diligence & stay DIVERSIFIED !!!!!
BLOG does not give buy or sell.................
Next post @7PM est.
Good luck on today's trading $$$$$
Saleem
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