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Strategies & Market Trends : Playing the QQQQ with Terry and friends.

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To: Gush who wrote (1689)	8/5/2005 1:03:59 AM
From: Walkingshadow	Read Replies (1) of 4814

TSO beat the street nicely: Tesoro Petroleum beats by $0.18 (TSO) 50.65 : Reports Q2 (Jun) earnings of $2.65 per share, excluding non-recurring items, $0.18 better than the Reuters Estimates consensus of $2.47; revenues rose 27.8% year/year to $4.03 bln (vs. no consensus estimate). So we have solid earnings growth in company that is in a solid sector. But the market was evidently underwhelmed; TSO lost about a percent today on very normal volume levels. 139.142.147.19 Hmmmmm..... we'll see what tomorrow brings, since today's candle is equivocal. But this is not a good omen, I'd say. When the market can't rally on excellent earnings news, well then the market can't rally. T

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