William -
To clarify, I'm suggesting that even if MU earning are
spectacular tonight, MU will still be an innocent
victim of Big Boy trading who are unwinding large
tech positions because of uncertainty with FMOC meeting
next week, Greenspan, Buffett comments, etc.
I see 4 possible outcomes, 3 (75%) of which could slaughter MU
tomorrow:
1) MU announces on target or slightly better earnings, but gets
crucified anyway for not exceeding expectations;
2) MU misses target earnings, really gets slaughtered
3) MU announces fantastic earnings, but backdrop of Big Boy
worries about FOMC next week causes Big Boys to sell out anyway
4) MU announce fantastic earnings, AND the Big Boys jump
on the band wagon, and MU goes to 48+
Thanks.
BJ |
