No gap ups to sell into today. . .I've been watching pre-market on JDSU as a sort of bellweather. . . immediately upon opening, the price was walked down. . . .modest trading in the 196-197 region. . .down 3-4 . . but as of 15 minutes before the bell. . . the price has been walked right back up. . .which clues us that there are probably more buyers lining up than sellers. . .it wouldn't surprise me if it was back at even by open.
I think we move higher. . . the money flow was extraordinary yesterday. . .and since prices were up so sharply, I would think that many were unable to get into the stocks of their choice, since so few pull backs.
Our focus at this point, needs to be on earnings. . . playing BEFORE the reports. . .selling before, too. . .
Today YHOO and NVLS report among others.
Tomorrow, some financials start reporting. . .even more on THU. WED: Merrill, Paine Webber, MOT and ETEK, etc.
THU: BRCM, EGRP, INTC, RMBS, TWX, VRTS, etc.
FRI: BA, DCLK, DIGL, GM, UIS, etc.
Open to plays on these issues.
Rande Is |
