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Strategies & Market Trends : Sharck Soup
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To: DlphcOracl who wrote (30466)7/10/2001 2:11:17 PM
From: DlphcOracl  Read Replies (1) of 37746
 
A Word to the Wise

MOT and RBAK will report tomorrow after the close. MOT has become the poster child for major tech companies which have underperformed and consistently missed earnings, even as they have been lowered drastically. I can't imagine MOT or RBAK reporting anything positive tomorrow and I'm guessing that the MOT earnings and conference call will spark further selling, much as bad news from IBM or Microsoft would. Look for continued selling pressure on the NASDAQ throughout the week, particularly in the absence of buyers and light volume.
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