The bottom in the Nasdaq is near IMO. This may be a case of sell the rumor, buy the news, (MSFT).
When the news media is screaming sell the techs, Nasdaq 4000, and the value stocks are going up, it's close to Nasdaq buy time, IMO.
Just when I thought it was safe to buy on Friday, KABOOM!
We might have a panic selling in the Nasdaq near the close, IMO, because the market hates uncertainty.
Unless there's some MSFT ruling surprise at 5pm, I think the Nasdaq will rally tomorrow.
IMO, in the Nasdaq, most weak hands are shook out, lot's of shorts are in, and some techs with high growth rates are getting cheap.
Tech earnings are coming, and will likely be good due to the recent upped earnings estimates.
All in my opinion.
Good luck everyone. |
