August 23, 2007
Stock Du Jour (NVDA) & Random Observations
Solid buying all day, not rabid by any means, but positive action through the day.
Notable New Lows: Tween Brands (TWB)
Notable New Highs: Overstock.com (OSTK), 1-800 Flowers (FLWS), Fossil (FOSL), Zumiez (ZUMZ), China Mobile (CHL), Bally (BYI), Blue Coat Systems (BCSI), and Nvidia (NVDA).
I’ll feature a monthly chart of Nvidia (NVDA) going back to its IPO in January 1999.
Cat: | Time: 7:52 am (utc+8)
August 23rd, 2007 at 12:07 pm
Today was a nice day, although volume was fairly light. Tommorrow will be the true test, with the CFC and BAC news the market should end considerably higher. If the market has a tough time gaining any ground tommorrow, that won’t be a good sign for bulls.
August 23rd, 2007 at 12:16 pm
Aaron: Yep, it’s still a dicey time, but there were buyers out today and that was good to see.
August 24th, 2007 at 6:18 am
I am surprised there are not more comments on stocks du jour; bulls? bears? this one has been a rocket, I have trimmed some but it keeps going, their eps continue to be strong; curious if any real bears out there although usually better to short weakness than pure strength unless you have real valid fundamental insight;