Matt,
>>If market comes back tomorrow and is ok beg. of next week<<
I think the odds are against that. This Greenspan thing
was not good. A lot of people were expecting some coordinated
world effort (G-7) to at least say: "We will not let Brazil
become another Russia". Greenspan said, "no, there isn't any coordinated international plan to ease up on the rates,etc.".
That's why today Brazil was down 5%. I'm hoping that this isn't
too severe so as to let the general market keep it's momentum
upwards. I believe that investor's deep down know that
Greenspan and Ruben will not let another country default
at this point. But, now we are back to more hesitation in the
general market. Brazil may go down another 5-10% tomorrow,
and the fear will start building up, until some good news
comes out.
If we do get another country defaulting, I can almost guarantee
you a 500-1000pt DOW drop. I don't care how good COMS earnings
are, "COMS the stock price will be affected".
I looked at 2-3 international banks just recently
and they're starting to tank again. There has been
somewhat of a change in sentiment in the world picture, IMO.
It's back to pessimism, a reversal from our short streak of
DOW optimism.
Hopefully, the sentiment change is just a slight
adjustment to Greenspan talk yesterday, but I'm afraid
it's going to be a strong adjustment.
My feeling is COMS will trade at 28-31 until earnings
because the market is starting to get unfriendly again.
Hope I'm wrong.
As far as leaks, I think most investor's know that COMS is
turning around. But, there are those that don't
want to believe until they hear the CC for themselves.
So, most investors have their positions established for
next tuesday, IMO. The only run up is going to be from
speculators driving the price up -- that's probably why
there's INTC merger rumors.
joe |
