From what I've been reading, ML has been lowering estimates on
most companies and has turned very bearish, almost across the board.
Who cares about ML .... Piper Jaffray raised their estimates on INTC
yesterday and look what happened:
Sat Oct 10 11:11am ET - U.S. Markets Closed.
Symbol Last Trade Change Volume
CPQ Oct 9 26 1/2 +2 7/16 +10.13% 17,585,500
DELL Oct 9 52 13/16 +4 3/8 +9.03% 53,373,600
INTC Oct 9 83 13/16 +5 3/8 +6.85% 21,818,600
INTC naturally went up, but compare the percentage gains between CPQ,
DELL and INTC. The smart investors were listening and realized that
if INTC was going to do better then their two biggest customers must
be doing something right as well. INTC's biggest customer went up the
most.
Robin |
