this market feels like, needs, and is way overdue for a 3-5% pullback, not sure if the dip buyers will give us 10%, I will probally start buying again at 5%
rimm offering is now over, the secondary buyers that have automatic profit at 78.25 have to be sitting there with itchy fingers, at the very least , any rally from here will be sold into, but market is going to have to have big drop for rimm to participate with a major drop im afraid, but that is still very much possible
msft is very interesting, they have not participated in this major market move, if they do anything to cause a selloff tonight, I would view that as good entry point to go long msft
only holding two core longs at this time, auo, major player in lcd flat panel boom, and dndn, bio play waiting on major partnership with big pharma, strong cancer drug in phase III
trials
bought lexr at 16 today after big hammer from sndk weaker guidance, I think they will recover back to around 18 by the time their earnings come out next thursday imo
rande- appreciate your thoughts, keep them coming |
