Market Update

I am pretty much done for buying today. I'm alitte surprised we shot up today. Frankly, I knew we were approaching oversold territories but thought we might get another weak day then shoot up. If I was buying another - I would consider GLW. This would be more of a 6 month play but at $15 it's not bad. I think we might be able to get it cheaper, so I will wait to see if we get $14. DKS is another one I like, along with M. Both retaliers seem to have good traffic and are not getting big attention. RIMM is interesting as well. The problem with RIMM is revenues. They are setting prices so low and new products, so far, seem not to be the answer. There is so much competition in the market with Apple's Iphone, Motorla's Android, Nokia new smartphone, etc - that i just rather plays the instruments in the phone than the phone makers. I see RIMM in a neutral range of $60 - $80/$85. Low end is $50 - high end is $100. At $67, I see $7 down loss, +$18 up for gain at current levels. So, that is the risk reward that I see. MU is strong - I wouldn't want to be short going into earnings, unless they (the shorts) know something I don't. If you want a "chart dice roll" - ABT might be worth a scalp but I have no position