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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (39955)6/19/2001 9:08:27 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
Cash market poised for a relatively strong beginning as the S&P futures are +13 points above fair value while the Nasdaq Pre-Market Indicator is +55...The positive bias in the pre-market is clearly due to Oracle's (ORCL 14.84) earnings report. On the call, mgmt was moderately positive, but with seven consecutive losing sessions on the Nasdaq traders will use any decent news to buy. ORCL also benefiting from Merrill and Salomon upgrades. Entire enterprise software space is strong in the pre-market....
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