From today's edition of The Street.com.
Motorola May Rise, but Will Fall Again
By James J. Cramer
01/23/2002 10:43 AM EST
But not today. You see, today is the day that the people who have been betting against Motorola will take their profits. It's the inverse of those who sell after a big run-up. Shorts have to take in the stock because, well, you can't be a pig on the short side either.
Why cover if there was nothing good and revenue fell an astounding 27%? Because now the other players, notably Nokia (NOK:NYSE ADR - news - commentary - research - analysis), report, and it might be a dangerous short for a couple of hours if Nokia puts up a bold front and doesn't guide down.
And there are always going to be suckers who remember the MOT of the '90s and say "hey, how bad can it be?"
Plenty bad, plenty bad. Worse than you think. In other words, stay away.
Random musings: Don't forget, we have Jeff Bezos on tonight on CNBC's "America Now" to talk about Amazon (AMZN:Nasdaq - news - commentary - research - analysis). I am thinking that the stock might be right in the $10-$11 area, but let's see what he says! |
