Here comes the big bailout everyone was waiting (hoping) for. The Bush Administration will help people keep their homes. Does this mean its all good ? You can go buy that million dollar home on a $50k/yr salary and not worry about making payments on the loan . Looks like the good times are back.
Bernanake is set to speak at Jackson Hole, Wyo right about now and the market is expecting signs of an imminent rate cut. Will they have their cake and eat it too ?
Investors are placing their money into high yield corporate bond funds for the first time in 12 weeks. The credit crunch appears to be easing.
Consumer spending rising and inflation cooling.Things are looking good so far. A lot better than they were a few weeks back. Can the good news last forever or will it all come crashing down again ?
Talking about buying homes , with this bailout coming, I am looking through some of these homes. Tough deciding which one I'll buy......
Market looks very good today so far. Financials home builders and Gold and Silver in particular are outperforming. Stocks that are doing really well are GS MER MS CFC LEND NFI KBH BZ HOV RYL DHI SPF .
JADE which I mentioned yesterday continues to do really well. Appears they are close to filing their annual report and once that is taken care of we could see much higher prices.
OVTI is one of my long positions back from April which is jumping higher due to strong earnings and even stronger guidance.
If one wants to look at a momentum stock look no further than BCSI . This one has been on an absolute tear. Another would be VDSI.
Showing posts with label JADE. Show all posts
Showing posts with label JADE. Show all posts
Friday, August 31, 2007
Thursday, August 30, 2007
Market Update
After a great day for the bulls yesterday, the market opened down a 100 points today before rallying. I am seeing a lot of strength out there especially in the Nasdaq which is firmly in the green. Semis, disk drives and computer makers all doing really well along with biotech. Solid moves in SNDK AAPL RIMM GRMN DELL NETL AMD CELG BIIB TASR FSLR . Tech is leading the way as it has the past few weeks and being long the Qs or QLD is a very good bet.
US economic growth in the 2nd quarter was faster than estimated. Commercial construction jumped 28% which was the biggest move since 1981. It appears the US economy is still strong though the housing crisis is taking its toll.
Two speculative names that I am buying here are JADE and BRLC. I have previously had postions in them and am buying here. They both look the type that could double in a matter of weeks. HDTV maker BRLC in particular has an extreme short positions despite excellent revenue and earnings growth. JADE which is a manufacturer and retailer of fine jewelry in China has delayed filing it 2006 annual report due to a change in its auditors and the stock has been shredded over the last few months. I believe both of these stocks are poised to move considerably higher over the short term.
US economic growth in the 2nd quarter was faster than estimated. Commercial construction jumped 28% which was the biggest move since 1981. It appears the US economy is still strong though the housing crisis is taking its toll.
Two speculative names that I am buying here are JADE and BRLC. I have previously had postions in them and am buying here. They both look the type that could double in a matter of weeks. HDTV maker BRLC in particular has an extreme short positions despite excellent revenue and earnings growth. JADE which is a manufacturer and retailer of fine jewelry in China has delayed filing it 2006 annual report due to a change in its auditors and the stock has been shredded over the last few months. I believe both of these stocks are poised to move considerably higher over the short term.
Subscribe to:
Posts (Atom)
