A comment from Cramer of street.com in today's newletter:
WHY FRIDAY BODED WELL
"3) We saw definitive evidence that drugs and tech, both old and new, are done going down. The rallies in Cisco (CSCO:Nasdaq), AOL (AOL:NYSE), Intel (INTC:Nasdaq), Compaq (CPQ:NYSE), SGP, BMY, LLY, MRK and PFE off the bottom were not only convincing, they were powerful. There was simply no stock for sale in any appreciable amounts in any of these stocks when they were at the bottom Friday. I know, I was bidding for all of them and no one was hitting me. "
Lets' hope it bodes well for CPQ on Monday !
Michael |
