Tuesday, November 20, 2007

Back In FRE... Also High Flyerʻs 50 EMA

There isnʻt much logic in going long... is the rationale behind buying FRE put again. This time itʻs Jan20put. Maybe i should have tried FNM (essentially the same).

STP is starting to crumble (finally). Iʻm looking for it to get to itʻs last support @ 55.

Although the hi-flyers: AAPL, BIDU, GOOG, RIMM, VMW... were all up today, much a result of HPQʻs quarter. I donʻt see much daylight ironically because of HPQ... itʻs bumping against itʻs 50 EMA. So much for itʻs strong quarter...

In fact they are all sticking around their respective 50d EMA
AAPL: technically speaking you can see a breakout waiting to occur. fundamentally solid to boot. expansion to Europe on schedule... even with revenue sharing being stomped on in France and possibly Germany... an unlocked iPhone is still a sale... Asia awaits... and a 3G-like speed version due by next holiday season. And last but not least, Macs are gaining mucho market share w/huge potential (3% worldwide/6-7% U.S.) Imagaine if they actually advertised the ability to run all software...

BIDU: worrisome chart. 2 tier supports @300 & 280... The hype around the Olympics will likely prevent that collapse from happening, but who knows... the China bubble could happen sooner

GOOG: they seem the strongest of the bunch technically. it would have to get break 675 before i go long... advertising will now slow. itʻll pick up for the holidays...

RIMM: itʻs consumer sales are key to itʻs expanding. corporations cutting back is a concern

VMW: the most bearish & weakest of the group. technically trending down (lower hiʻs & lower lows) and fundamentally will be battling ORCL, MSFT, & open source VMs. However, bravery will be rewarded here if it safely closes past 100. Huge reward either way.

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