A VOILAHOO FOR YAHOO

A VOILAHOO for YHOO is in order. Nothing spectacular. Earnings were okay and future estimates better. Enough to put Yhoo in the green to 29. I think it bottomed out for this year. May get a chance to buy it around 28. But am not trading it yet. INTEL earnings were good and future guidance better. The stock is higher... to a 52 week high of 27 ... which is all very good. We do not buy Yhoo and INTEL today as they are up already and
theres only a buck or two be made from here. But we can buy them on pullbacks as they are safe trades. But we take this as a positive development for the market going forward as the sentiment is better.
The good earnings reports definitely helped to ward off the bad sentiment fromt he housing numbers.

Housing numbers were awful today and still the market seems to be shrugging them off. High time that the market does that. Housing stocks have little room to go down. In a another year we can maybe expect some kind of recovery- ? DHI 12.28 was the low from which it sprang back to 13... scary... but we are holding on.

A lot is based on sentiment. If overall the sentiment is good, global boom continues, US chugs along, valuations are very reasonable, holiday season will be upon us, dont see any doomsday comin up, subprime messes are out in the open.... I mean it may not be over... but its old news.... FED cuts rates and theres more liquidity in the system... People who were waiting start buying homes again. And slowly the money on the sidelines starts investing in real estate again... Its a wishful scenario... Lets see how it unfolds.

So based on this thinking, somehow looks to me like the hurdles for the market rally are clearing up. If today after INTC and YHOO numbers, add to that also JP MORGAN reported better than expected earnings... the market is dull, its only a pause. I see GREEN across the board - DOW above 14000, NASDAQ above 2800 and S&P 1550 by close today.

I still like LLNW and AKAM -both are down on no news. LLNW raised estimates and was trading around 12 last week. Its down to 10.50 and I am pulling the trigger to buy more today. Its filling the gap- so to say is my thinking... and my target is 15 sometime next month. SO help me GOD. AKAM holding on from 30- went to 40 and we did not sell. Was a mistake as its 33.5 today... there are sinister market bashers after this one... AM buying more at 33.5 as I have faith in what its doing. If streaming media is a screaming buy got to be in AKAM the leader and LLNW the new kid on the block.

Loved COH (coach) yesterday (mentioned it on another board.... but forgot to mention it here).... it was down to 41.5 near its support level and I bought some ... it was a no-brainer ... Its upto 43 already- Will sell at 45- by next week.

SNDK has been unduly punished in my opinion and good for a trade. Its at 48 ... will keep a stop loss at 46.... and upside looks good. SO puttin some money to use as techonlogy skies are smiling.

SOLAR play, YGE is ready to breakout ... we are in at 31.7, remember. Will not take less than 40 on this one. We played with TRISOLAR and made good money back and forth between 40 -50 ...its trading range is 50 to 50 these days... but switching to YGE made sense as its still making new highs.

We are watching the earnings season unfold and getting ready for the FED meeting at the end of the month. Will BERNY give us another rate cut and pave the way for record highs on the DOW? Who knows, but for now lets rejoice good earnings from INTC and YHOO. VOILAHOOOO and buying on a pullback today will be a good idea.

Thats it from me.... remember its only money.... learn to invest it, diversify, and then keep some on the side to leap into trades that can make more money- watch the sentiment.... it always helps...