I bought at both ends, I hope $19.25 and $12 5/16ths. The middle ground is $15.76 for me. Let's hope RDRT is a head of the NASDAQ sell-off, and comes back to show the NASDAQ the road back up.
The things I see are:
The NASDAQ, and market in general, was down on low volume
The Banking sector was not hit as hard as the other indexes
Cash is available in that so far this year $37B went into money markets, $27B into equities and $2B into bond funds. That to me means that there is a ton of money that could be moved over to equities if the market looks attractive. The DOW and S&P near even with the beginning of the year and NASDAQ now only up about 5% so far this year could provide that attraction.
The way RDRT came back and did not sell off as the DOW and NASDAQ were falling at the close
Management has the opportunity to give some good news about the qual cycles (20 GMR's in process according to the CC), talk about their optical R&D and give forward guidance on the earnings. I don't know that any of those will be discussed at Thursday's Goldman session (10:45, as I recall), but logically they would be. Any east coasters going? Can anyone post what they hear?
I could be wrong, but I am bullish going into the balance of the week. Since this stock is a majority of my portfolio now, I have to be very bullish ;-).
Just IMHO stuff, (-8 Dennis 8-)
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