Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Ron McKinnon who wrote (16260)	9/10/1998 5:41:00 PM
From: DanZ	Read Replies (1) \| Respond to of 53068

Tomorrow. The S&P 500 futures closed at a big discount to cash of 1,079 points. If the futures don't rally in a big way tonight, then we are looking at a decline in the DJIA of about 170 points tomorrow morning. A lot of news came out after the close today that should be the impetus for a big rally. INTC announced after the close that third quarter revenue would exceed expectations. They also said that margins would "be up a couple of points from 49 percent in the second quarter". INTC was trading at 83 1/4 after hours, up 4 3/16 from the NY close. ORCL released earnings after the close of 20 cents per share, beating the First Call estimate of 16 cents by 25%. The stock was trading at 24 1/2, up 2 3/8 from the NY close. ADBE announced earnings after the close of 37 cents per share, beating the First Call estimate of 35 cents. The stock was trading at 27 1/2, up 11/16 from the NY close. MSFT was trading at 102 5/8 after hours, up 1 7/8 from the NY close. DELL was trading at 57 1/2 after hours, up 2 3/4 from the NY close. CSCO was trading at 90 1/2 after hours, up 2 1/16 from the NY close. IBM was trading at 122 1/2 after hours, up 1 1/2 from the NY close. I suspect that the S&P 500 futures will rally in a big way this evening. They crashed after the DJIA closed on very low volume and trades were 100 points apart. Dan