Just a list of possibilities to keep my fried brains in line for tomorrow's market.
a. Buy more BIDU (345) before Thursday's earnings report.
b. Buy more RIMM (120), which ran wild on China distribution news to 128 before pulling back.
c. Buy more AAPL (183) after big earnings gain run-up.
d. Buy more VMW (107) before tomorrow's earnings report.
e. Buy more CROX (67) while the price is fairly low.
f. Buy more NTDOY (70) while the price is fairly low and holiday season nears.
g. Buy GOOG (670) for the first time.
h. Buy ISRG (300) for the first time.
i. Buy more STV (40).
j. Do nothing and just wait.
Best move is no move. We had a big selloff on Friday and part of Monday, then a major reversal part of Monday and today. Nothing is cheap, but CROX and NTDOY aren't priced too high. Waiting will also give me time to do some homework. Longtop Financial (LFT) looks a bit interesting; the IPO is on tomorrow.
IPO Home: Longtop Financial Technologies (LFT)
China Digital TV (STV) seems to ride (or drag) on the coattails of Baidu. Without any earnings report in the near term, I don't know if STV will sustain its recent gains after Baidu announces on Thursday. If Baidu does not blow out estimates, the entire China sector could dip (with the exception of energy/oil stocks).
And this: Is there really anything to the notion that blockbuster earnings are announced early in the week for full effect, while weak earnings are held back to the end of the week to minimize investor backlash? My gut says Baidu will report another strong quarter, and CEO Robin Li is one of the best. But the time to get more Baidu was on Friday, and I chose VMware instead.
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1 comment:
I think you'll be happy with your VMW purchase.
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