anybody things we might see an MSFT earning rally on Monday?
Looks like today's mini slaughter is triggered mostly by ADPT's lower
than expected earnings, a 50+ drop on NASDAQ is a little over done
IMHO. Maybe because Asia market is bad, and Friday is usually a down
day.
For Monday, I'm looking to see the market open down, and rally back up as the day passes, and for the rally to continue till Tuesday in
preparation of MSFT's earnings, which will decide if Wednesday is a
rally or not.
So, I got into a few long positions in anticipation of the rally,
namely, VLSI, UFAB, CREAF, and AAPL. I will be looking to dump them
by the end of Tuesday and wait for Wednesday to short tech stocks in
general, ESP. DISk DRIVE Sector and CPU sectors. I would like to
ask the rest of the people here their sentiments.
Regards |
