Greg, another short prayer, ehhh, player. Until earnings, any selloffs will be mild, probably with immediate back filling as the bigs stumble over each other to get in before its too late.
That said, I will say what I've stated here before:
1) The gains until earnings will be wacked severely on even a .01 miss, IMHO.
2) Mild pullback if we hit on the nose, given the runnup that has occurred and will be occurring until earnings.
3) LOOK OUT if we exceed.
To be fair, I have stated 40 would not be reached before earnings, but I've happily changed my opinion on this, as rotation from others network dogs (this quarter), lack of a warning, and (most satisfying of all) short covering continues to push the stock higher. Maybe add some takeover spec in there (just not LU).
So, be honest, when do you cover? |
