The market hates uncertainty. Right now, there's double uncertainty - how did they do this quarter (After all, ORCL missed the earnings number, even though their revenue went up 30% or something) and how will US do. In fact, with US, there are two questions: is there a market for it, and if so, can IFMX sell it.
Not all tech stocks went up today. Many went down or stayed the same including, unfortunately, a number of mine. Big deal. Today was the move of money into the name-brand tech stocks - the SUNW, CSCO, ORCL, INTC of the world. In the next day, you'll see the big money move into the next tier. Sure, lots of little guys went up today, but the little guys moved on small volume.
MY expectation is that even if IFMX reports marginally poor results (which I don't think they did) the stock will go up, because at least the market can tell what's going on.
My |
