Tuesday, January 09, 2007

 

Closing Comments

As everyone is focused on oil, AAPL, RIMM and everything in between, the bulls and bears are fighting it out for market dominance. The bears are putting up a fairly valiant effort. But, I am afraid (for them) this battle will end up like all the others: Swift axe to the head.

As for today's trading:

All eyes were on AAPL-- as they announced their iPhone and iTV plans. Being a shareholder, I am thoroughly enthused. Moreover, as an American, I am proud.

Finally, we have an American company that is demonstrating market superiority in electronics. When was the last time that happened? When the fucking t.v. was invented, or the blender?
I wonder how the fuckers from Asia feel about AAPL eating their lunch.

Because of AAPL, everyone sold RIMM, MOT and PALM. I think it is wrong to sell RIMM, but correct to sell PALM and MOT. Reason being: AAPL will not touch RIMM's enterprise business.

Bottom line: RIMM is a buy and Hugo Chavez is an asshat.

Finally, the core sectors of the market did very well today. The Semi's, Retail and Financials were all green. Also, select Internet stocks shot up, such as BVSN, SNCR, WSSI, WBMD and GMKT.

NOTE: BRCM broke out.

Comments:
last time we had electronics dominance?

how bout the PC when it rolled out ?

cool action on AAPL ...

i have been buying oil etfs on the way down for the long swing ...
 
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