Thursday, December 3, 2009

MRVL beats on Sales & EPS...NICE !!!!

MRVL Sales expectations were$770 million actual $803 million.... beat by $33 million

EPS expectations were 27 cents actual 31 cents .... beat by 4 cents

MRVL Bid $17.35 Ask $17.39

Guidance to be given @ CC @ 430PM EST

Looks very impressive after they pre-announced much higher than consensus !!!!

BLOG does NOT give buy or sell.

Saleem

Michael..please read my reply to your question....

Michael,

There is an error in GOOG system today...it is NOT showing my reply as a count on front page.

Until this bug is fixed by GOOG..always click to see if I have replied or not....count shows 1 but including my reply it should show 2 ????

Saleem

S&P 500 went to new 09 High....NICE !!!

Markets opened green but is struggling with some economic number.....S&P 500 did go to new 09 highs before pulling back......

Dow & S&P 500 are barely RED while Nasdaq is staying GREEN.....

Gold Down $1.70

Oil Down 36 cents

Canadian $ Down 25 tick

Portfolio is AAPL,EXPE,MRVL(went to new 52 wk HIGH),POT,SOLF,TSL.....

MRVL reports AH....expecting better than consensus guidance...one trader IS making a bearish bet by buying 5,000 contract of $16 put ????

@ 12.15 following are green :

AAPL,EXPE,MRVL,SOL,CSIQ,STP,BAC,TKC,
WYNN,LVS,CMED,SPWRA,ISRG,FSLR,SNE,
AMZN,GOOG.

BLOG does NOT give buy or sell.

Saleem

Wednesday, December 2, 2009

Another strong close ...NICE !!!!

Markets are going "northward only these days"

RSI in all indices are midrange.... NOT overbought

Dow & S&P 500 made new 09 intraday highs....

All Indices are ready to make another new 09 highs.....

Gold & Silver in record territory AGAIN.....

POT @ new 52 wk HIGH on high volume

TSL @ new 52 wk HIGH on high volume

MRVL 19 cents from making 52 wk HIGH...reports AH

Strong stocks included AMZN,AGU,IPI,ISRG,GG,ABX,LRCX,SNDK...

AH Futures are GREEN

AH Gold UP

AH Silver UP

AH Oil UP

AH Nikkei UP

AH Hang Seng UP

AH Singapore UP

VIX closed @ 21.12 Down 3.65%

BLOG does NOT give buy or sell.

Saleem

Nasdaq Green..New 09 HIGHS for DOW & S&P 500...NICE !!!

Profit taking & technical selling are affecting the direction of Dow & S&P 500...Nasdaq is green...

Gold is @ another all time HIGHS......UP $12.70

Oil Down $1.82

Canadian $ Down 11 tick to 95.45 cents US for 1 CAD

In my portfolio :

Added 40% more SOLF @ $6.86

Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL.....

MRVL reports AH tommorrow expecting to come in @ higher end of pre-announcement & guide UP...

@ 12.31 following are Green :

TSL,POT,AAPL,EXPE,MRVL,NTES,SLW,AUY,
AMZN,AGU,IPI,ISRG,RIMM,GG,IAG,PMCS,
NVDA,HL,CSIQ,FMCN,KGC,TKC,CCJ,ABX.

BLOG does NOT give buy or sell.

Saleem

Tuesday, December 1, 2009

Dow made a new 09 high...NICE !!!!

Markets were strong @ close...with Dow leading the cheer by closing @ new 09 High....S&P 500 is very close to taking out old 09 high.....

Nasdaq volume was very strong two days in a row.....

All the Bears like Robert Prechter,Doug Kass,Carter Worth,Guy Adami,David Rosenberg..must be extremely restless as we continue our march to new HIGHS in December also...they have been declared BEAR since July...long 6 months of PAIN ????

AAPL was subjected to last minute high volume selling..closed RED on a strong day????

Gold is making new all time HIGHS regularly...ABX was strong based on their NO hedge position as of today UP 7.92%...Dennis Gartman is CHEWING his words very carefully as he has tried to talk down Gold for months....His many shorts on Gold must be very painful..& he is known as commodity KING..who missed most of the GOLD & AG RUNUP????

AH GAME & SNDA ER was a beat Up from 1.32% to 2.20%.....CC will set the tone for Wed trading.....

Solar stocks were strong with TSL,SOLF,STP,CSIQ,CSUN,YGE all strong

AG stocks were flying POT,MOS,IPI,AGU were strong

Gold & Silver stocks were strong with major moves in HL,SLW,ABX,GG,AUY,KGC,IAG......

Techs gainers included MRVL,ALTR,AMZN.....

MA,V,SINA,NTES,PWRD,SNDA were strong also...

AH Futures are mixed

AH Nikkei is slightly Down

AH Hang Seng is UP

AH Gold is UP

AH Silver is Down

VIX was Down 10.57% @ 21.92.....

BLOG does NOT give buy or sell.

Saleem

Markets racing towards new 09 HIGHS...NICE !!!!

Indices are UP 1.29% to 1.56% based on Chinese economic news...

Housing data in US continues to exceed expectations....

Indices are getting close to making new 09 HIGHS....

All so-called experts were predicting negative reaction in markets due to Dubai debt payment delay...calling it a major negative going forward..using coackroach theory???

I wonder if shorts are sleeping well these days???

Gold UP $17.70

Oil UP $1.38

Canadian $ UP 1.16 cent to 95.91 cent US for 1 CAD....

In my portfolio :

Added 55% more EXPE @ $25.69

Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL....

Most stocks are UP.....

BLOG does NOT give buy or sell.

Saleem