Yep, rimm is a great swing trade here or slightly lower. My guess is it will start out higher in the morning and drop some at lunch. If it does I will be a buyer.
the extra froth is almost off the heng seng. we have perhaps another 300 pts to go before a perfect entry (19300). in the meanwhile, you can test scalps for longs and shorts. remember the thing shot from 19600-> 20300 on two issues : 1) corporate tax law change proposal (increasing valuation) and 2) china life ipo that finished yesterday. maybe it needs some time before another leg up, but a in a few weeks we may have a perfect long. china has 10% gdp growth. while there is volatility, only global recession will make this market falter.
Those were some pretty damn good calls if I do say so myself. Did I take advantage of them? Only Rimm and klac. I decided to add to my adct position instead of yahoo which I could not buy at what I thought was a decent price.
Intc, klac, imcl, jnj, etfc, orcl, rimm, and yhoo.... HolyGrail if etrade didn't have such a f*ckd up symbol that would sound like any mutual fund! I'll raise you: PRFT,SPWR,ANGO,ACH,WFR....
None of those are in my 155 stocks that I trade on a regular basis, but I must admit had they been there prft and ango would have come out on my system as a definite confirmed buy. The others are not totally confirmed but look pretty darn good.
tonight the markets across the world will be up 1-3%, this will keep the futures up all night. NDX should rally to new highs tomorrow at that point will have to see, it already tried 1820-1822 twice and has not succeeded. Will see what happens tomorrow. Only 7 points away. Placing my shorts at ^ndx 1830-1840.
True, but if the market is in an overall uptrend then buying the dips is the way to make money. It's also the way to make money in a flat market. So two out of the three market possiblities make dip buying successful. I'll take 66% any day of the week.