Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 691.88

-0.3%

Jan 30 4:00 PM EST

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To: sandeep who wrote (10684)	9/29/2010 3:14:41 PM
From: robert b furman	Read Replies (3) of 222698

Hi GZ and Sandeep. TOO MANY dip buyers out there. Look at smac. Good earnings last night .Forward guidance was a repeat of the beat of last quarter and analysts called it bad. Stock sold off 7.2% last night. Opened down 1.60 at the open and NOW IT IS UP 38 cents. That's support!! Bob Me thinks the coil just tightens. Something will blow it up!! Unemployment comes to mind backed up by strong earnings ,now only 2 weeks away - then followed by the elections!!

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