MOT is down 12 on warnings of future quarters. . .12 is awfully steep. Nothing wrong with MOT. . .but rather the warning is an excuse to get this stock back down where it is reasonable. . . . expect MANY MORE haircuts this week and next week on earnings. . . .and this is why I have been staying away from earnings plays. . . they are a losing proposition. . . and highly risky.
Likewise, VPHM is down 47 points or 65% in pre-market. . . . not significant findings on their phase 3 menengitis drug. . . . .BGEN is down 10 pre-market. . .Other losers include PMCS -7 1/4, JNPR -5, CMRC -4, VRSN -4 11/16, RMBS -7, ARBA -4, QCOM -3, JDSU -3, CSCO -1, INSP -3, ETEK -9, YHOO -3, SDL -4, BRCD -7, etc.
These were our tech leaders. . . still selling off sharply. That doesn't give me a very good taste towards todays activity. Somebody wants these stocks lower. . . WAY lower. . .most are painted lower. . .not just traded lower. . . the easy way to see is comparing the pre-market activity to last nights after hours activity.
When markets are negative. . . bad news can lead to severe haircuts. . . [and often good buy ops]
Rande Is |
