Actually, for "Dataguess" and "I Don't Care Research", it is. :-)
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Well boys, my money is on today being the pre-expiration bottom. Not a panic collapse, and plenty of volume at the bottom and on the way up. (Biggest volume bar after the open was at the hour of the low.) In addition, the double whipsaw probably served to shake as many people out of their positions (at a loss) as possible. But at the end of the day, what's the "analysis": "Not much action in the chip sector today, MU was up 1/8". :-)
Wonder what the exquisitely timed pre-expiration/earnings story will be next Tue/Wed. Some kind of MUEI internet angle? A new flavor of DRAM being sampled, or going into volume production? Some deal of angle with a little foundry or design house? See youse north of 80 next Friday.
p.s. whoops, just saw Larry's post -- well, I guess that's what makes a market, huh. :-) |
