Market Comments: 

 

Influential bank analyst Meredith Whitney made a bear call on banking industry again today. Overall market responses with derailing and tumbling. This time she is reducing earning estimates on Goldman Sachs and Morgan Stanley. I have mentioned her bear call at my today's daily market comments. She has reversed her on-going bearish tone on bank industry to lift overall market last time. She has been pretty much on the bear camp since then. She has been bearish on bank industry to earn her reputation since 2007 and now had own advisory firm. She kept making market bear calls and bull calls back and forth on her own industry too often. I wonder she may kill her credibility or career by keeping doing that. Soon or later Wall Street people may find the way to destroy her reputation. I have seen so many so-called market gurus come and go. I always believe to make friends in the filed better than to make enemies. That is the main reason I am still alive in the business and welcome by investment communities. Everybody wants to be rich and famous but not by killing other people's business. I am concerning on Ms .Whiney's fate unless she reverses her attacking strategy by making more friends than making enemies in banking industry. She is so bright and knowledgeable in her field. Back to the market, FOMC decided to keep Fed fund rate unchanged as 0-0.25% yesterday plus today's strong economic news lead today's strong dollar's rebound( Note:The Conference Board's index of leading economic indicators rose in November for the eighth consecutive month and the Philadelphia Federal Reserve said manufacturing in its region rose). As I have pointed out strong dollar will lead market retreat and so do to gold price. I am really proud of myself by predicting gold price hit the top around $1,200/oz.(Note: please refer to my report on 12-2-09). Gold price has dropped more than over $100/ oz since then. Am I too good to be real? hahaha. I am not sure that the dollar will continue to rebound from here. If it is so then overall market will keep sliding from here. But as long as we focus on individual stocks not on market indexes themselves .We will do fine as well. Our previous recommendations such as NUS, TRW, NTRI, HEAT, CAL, NTAP, JCG, UNH ,LTD etc. (note: it is 100% of betting average except PBY) All keep scoring a great result in a very short time frame while overall market is slightly down. I see market could have few days to encounter the dollar up trend effect. Yuen's Market signal is lowered to Yellow-Green Light. It is still very good but a little less bullish on the market. By the way, I become to worry about retailer sector of market due to high unemployment and high home foreclosures. I would close out LTD at this moment just the reason I concern.

 

 

NVIDIA Corporation (NVDA,16.95) provides visual computing technologies designed to generate interactive graphics on consumer and professional computing devices. It operates in four segments: Graphic Processing Unit (GPU), Professional Solutions Business (PSB), Media and Communications Processor (MCP), and Consumer Products Business (CPB). Its fiscal 2011 EPS is estimated at $0.74 and it is 111% over prior year. Now it could be benefited from the law suit involved INTC. Buy it at $16.48-16.95 or less, Sell it at $19-20 and Stop loss at $15.60.

 

SanDisk Corporation(SNDK,24.70) designs, develops, manufactures, and markets NAND-based flash storage card products that are used in various consumer electronics products. Flash storage technology allows data to be stored in a compact format that retains the data after the power has been turned off. The company offers removable data storage solutions, universal serial bus flash drives, embedded flash memory drive solutions for data and code storage, flash-based digital media players, and MP3 players. Its 2009 EPS is estimated at $1.31 and represents a turn around operating income from 2008. Buy it at $23.20- 24.75 or less. Sell it $29-30 or higher and Stop loss at $22.40

 

Previous Recommendation Follow Ups: