Bill Wexler's Trading Cabana Message Board

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Non-Tech : Bill Wexler's Trading Cabana

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To: Bill Wexler who wrote (1885)	5/1/2007 3:09:06 PM
From: RockyBalboa	Read Replies (2) of 6370

This is becoming a market for punters, typical May fashion. Here, DJ rose to 58 amidst talk of a Bloomberg offer. This justified a short position at high 57s and 58, we will see. On another note, Homebuilder NVR completely freaked out. But others in the home business don't Also, short positions in NDE (now IMB) and other lenders didn't run. [Luckily it didn't, this would have significantly added to the pain here]. This can mean only one thing... Much touted Cognizant is nearly as weak as other indian stocks. REDF SIFY etc. are weaker but Cognizant sees significant selling at 89. To add, Cognizant earnings are due tomorrow. The stock needs to beat its 48c ($2.16Y) solidly.

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