If I were to be trading stock, I would be careful with respect to the end of the day. I do not know about specific issues, perhaps DELL and MU will be fine.
I always hated MOT, so I'll stay off that one.
But the end of the day, generally, I think should fade in the face of the Unemployment and Non-Farm Payroll numbers tomorrow.
Then no matter what the numbers come out as, the market will rally and this rally should be sold. Then, once the rally comes back down, may be another good entry for DELL and MU into what possibly could be a strong week coming up.
My best guess, but I never was too good at forecasting out more than a day or so.
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EDIT. A long time DELL bull anticipates a decline of over 20% in the stock. As a reference, he pointed out an island reversal in INTC's chart Tuesday and started buying puts.
He does not think 20% is unreasonable, as (according to him) it did far more than that in '96. |
