Lee,
I knew you would be thinking MU puts, and I think that might be a good play in the mid to longer term.. And did you ever get any of my HMTT? Broke 52 high when SEG reported better earnings yesterday, and if it continues through it might retest 20 from last year. Man that has been a great stock..
As for DELL, I was talking to another DELL guru about it too. My concern is that DELL has seemingly been left behind this last bull leg. From the highs before earnings, it has hardly moved past that area. I also noticed that when the Naz 100 big caps moved yesterday, the BEST that DELL could muster was +1 1/2. Key is earnings comming up, can DELL place itself back in the +50% earnings area where it was for so long and could do no wrong? I dont think it will, I really like the company but when you hit a sweet spot for earnings and miss it for a quarter, it is tough to get back to that spot again. You know I love DELL, but I wouldnt expect a big move from here, I am hoping for 90 or so by mid next month, based on the volume it has been having.
I expected a split this earnings and it isnt going to happen, things have really slowed down momentum wise.
I think AAPL will outperform earnings expectations BTW... GTW or HWP I am not so sure about. That is what sucks for DELL is going last in the sector.
Talk to you later general.. :} |
