Mike, If you follow the links (like in watergate, follow the money :-)), you'd get to web strategies which says...
<<We came out of the gate pretty quickly today, however, there wasn't enough follow through to overcome the trading curbs. Still, the good news is that morale, as we pointed out yesterday, is turning for the positive. The proof is in the Street's response to MOT's numbers, (the company missed by $.03). This bullish reaction is due to the positive psychological effect, created by lower expectations +which I mentioned on CNBC last Friday. Now, the big test is whether lightning can strike again - with INTC. Whisper numbers range from at $.95 to $1.09. The official estimate is $.90. Note that, Kurlak, has the lowest estimates of $.86. As a result the stock could still benefit even if it just meets of misses slightly. At this stage of the game, we must also applaud Michael Dell. He has done a remarkable job in conveying to the Street that his company only gets 6% of its revenue from Asia. Also, he pointed out that ports will be cheap. It's about time another CEO got on a soapbox to talk about the positives of the Asian situation.... ****** The most interesting group in the market are the oil drillers. When one considers value and potential, they look like a screaming BUY. Yet, they trade like the disk drive stocks. Still, we're itching to go big, but we'd rather chase than buy at the top of a down channel*********
Dave
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