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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 41.81-7.0%Nov 11 4:00 PM EST

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To: Chip McVickar who wrote (13911)3/10/2004 7:49:40 PM
From: robert b furman  Read Replies (1) of 206818
 
Hi chip,
I'm watching the reaction to PG great earnings closely.

Next on my watch list is Orcl - they announce after the close tomorrow.

Last quarter evryone bid up stocks during what is the normal prewarnings season.

The buzz was no prewarnings - earnings must going to be blow out.Well when they came they were prdominantly good but not blowout.

Upon that - everybody sold the fact after bidding up the rumor.

I'm betting the noise of a failed market in 04 2H is creating a dip that may reward those with good earnings in a very nice run up.If PG is an example they had a nice jump up.The next biggie is Orcl - we'll do well to see how it reacts to its earnings.

This could be a very nice set up for a reasonable market where earnings get rewarde - but first it is like in Missouri "SHOW ME".

Bob
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