Thursday, November 10, 2005

Thursday's Mid-Day Report

The market is down for all exchanges around noon today. The catalysts for today's down day are contributed by Cisco's earning and US Trade gap deficit is at record high.

ISRG is the star of the day. I believe it will hit $100 very soon. It is one of the leader on the market today. It has great momentum, technicaly and fundamentally. This one has been mentioned several times before today's run-up. To me, it is long term hold until its momentum is broken. It is the google of the medical field.

On the contrary, CSCO was the leader of yester-year. It no longer commands the premium it deserved years ago. Like Dell and Microsoft of the world, they will be forgotten as the market leader under the stock market rules.

Today's Movers:
Positive Momentum Stocks (to be considered):
ISRG, HANS, IRBT (new issue, to be proven)

Negative Momentum Stocks:
VPHM, WFMI, TRGL, oil related sections

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