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Two Ways: Mobile Phone Demand Breaking Up


Strengthen your portfolio in good times and bad.


Hanging Up on Cell Phones

Gartner is out with negative comments on the mobile-phone industry. The Connecticut-based firm, specializing in information-technology research, said in a report that despite growth in 2008, sales plunged 5% in the fourth quarter. This is typically a favorable time for sales of mobile phones due to holiday demand.

Gartner now sees sales dropping 4% for 2009, and the firm's research director, Carolina Milanesi, said efforts to cut inventory will intensify in the first two quarters. Milanesi doesn't see demand stabilizing before 2010.

For more trading action, see Toddo's Random Thoughts: The Moment of Truth Approaches.
From the Bull Pen: Consider plays from technology guru Sean Udall: VMWare (VMW) and Citrix Systems (CTXS). Sell stops for both can be set near $19.

From the Bear Cave
: The downside plays are becoming more scarce as we become increasingly oversold. An opportunity in Sony (SNE) might exist on a rally back to near $18-$19. If and when.

Quick Check Around the World

Asian trading closed with the Hang Seng -2.30%, Nikkei -0.69%, India -2.09%, Taiwan 0.21% and Shanghai -1.05%.

Glancing towards Europe, we see the CAC +0.54%, DAX +0.14%, FTSE -1.53%,

As of 8:00 AM EST, S&P Futures are trading +2 to 707, and Nasdaq futures are +4 to 1089.

A Look At Commodities

Crude oil is trading +0.72 to 40.87. Gold is -16.3 to 923.70. Silver is -0.36 to 12.700, and copper +6.40 to 157.15.

The dollar index is -0.1850 to 88.8850.

On the Radar


10:00 Pending Home Sales MoM -3.00%

Click here for the full trading radar.

Turnaround Tuesday isn't a guarantee. So don't hope for that reversal. Good luck, Minyans!

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No positions in stocks mentioned.

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