Jim, fishy is right. Now this bi-polar market has what would normally be considered a good number today, and it takes a dip anyway. I guess it will be a lagging type thing, so the real bad news will hit when it has the potential to do the worst damage, late fall.
Amazing about the downgrade of MOT by Morgan Stanley this morning. I had thought it was ahead of itself too, but have no position at the moment. I still think it is a $10 stock, as it was in the big dump last spring. I think one of the keys is what they will get for their semi biz. I hear maybe $30 billion..
Also, some observations. I went shopping for a big screen tv last night, went to a CC & BBY.
The CC store was empty, maybe 5 people looking at cd's. About 15 young employee's twiddling their thumbs, and I thought they were $high on the tv I picked out, and this commission salesguy wasn't dealing much, so I said good-bye.
BBY was a much busier, people buying phones, computers, tv's, etc. and found a similar screen, then by chance ran into a relative who works there, and got a huge discount, much to my surprise. My thinking is CC is a short, as BBY seems to be kicking their butts. |
