Well, the Feds came through prior to open. Now I think they'll do the same at their next regularly scheduled meeting, too. It isn't going to change things as far as warning season, though. Remember, the market will rebound, but not all stocks. The pundits are still talking their talk on T.V. and touting "the market," but tech is STILL overvalued and there are quite a few companies that continue to be at risk of bankruptcy. So, choose your stocks wisely. Increasing revenues mean everything. I still see THQI as a strong short... They are not profitable, I don't like games that depict violence, the company is overpriced, many of the game shipments are getting delayed, many of the "box makers" aren't getting their boxes out, unemployment and consumer confidence will keep sales low.
On the RNDC front, hopefully some of you rode that today. My initial target is somewhere around 2.75-3. But if they do have a turn towards profitability, it should continue higher. |
