MSFT (the all powerful Microsoft...) makes a debut on my blog.
Stocks rally today swayed up by none other than MSFT that beat analysts estimates by 10 cents. (its called `blew estimates away'). The stock rallied to a six year high... today at 36, up 4 bucks this morning.
Another catalyst for the rally on wall street today was Countrywide Financial making a positive comment -expecting profitability in 2008. If all firms just paid heed to what investors are looking for- postitive comments... about next year... there would be more green after the earnings.
All our positions are up- CSCO, EBAY, AKAM, LLNW... and we will hold into next week. YGE, our singular solar play- broke out today... we are in at 31 and change. Its at 34... and will watch next week for 40, perhaps.
Once a stock crosses its 52 week high... the $ky is the limit....
I added some COH to our holdings as it touched 35 - just as predicted in my blog 2 days back.
Lehman (LEH) our financial stock gave me a hard time when it broke down alongwith Merrill Lynch's woes- (wrote down $8 billion losses) taking all financials down to lows ...! Picked up some more LEH at 55... to average down and will wait for a rally as the FED meeting comes closer...
For now HALO-HOO for MSFT and hopefully the stock stays up... a failed rally will be disappointing... to say the least... WATCHIN again... before we put more money to work.
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