Friday, October 06, 2006
However, it's worth citing the beginning of the 3rd quarter earnings season next week. For me, a major tell will be the LRCX numbers, scheduled on Wednesday.
My knee-jerk reaction is to sell into the numbers. However, maybe, just maybe, oil has dropped enought to enable the consumer to buy one more iPod or Lam Research semiconductor chip.
That doesn't make much sense, does it?
Or, what if the numbers were guided down enough last quarter, so they can easily be beaten now?
It's always a gamble, buying stocks during earnings season, literally.
As for today's market:
If you're a bull, it's exactly the type of pullback you want. Small and non-eventful.
Unless of course, you were misfourtunate enough to own stocks like MU or VSTH. Cocksuckers.
Apparently, the "stocks under $10 guys" stirred the pot yesterday on VSTH, due to fear that VSTH may have lost a contract with Myspace.com. They say the company (VSTH) did not return their calls.
I swear to God, if the Myspace deal ends up being renewed and this massive fucking selloff was all because a few assholes on Cramer's shit-shoveling-site (stocks under $10) decided to flag one of their top recommendations, then I will send 200 pizza's to their office. However, that might be a bad prank, since Cramer may be able to put down 50 pies himself.
As for the rest of my holdings: Pretty good. I was up 0.6% this week.
Today, gains were found in Internet, Chemical and Oil stocks. While, losses were abundant in Trannies, Semiconductors and Retail.
Limelight represents 10% of their business.
Limelight is YouTubes CDN.
Is it possible that if GOOG buys YouTube, they will switch CDN's to Akamai?
$$] Rockwell Automation Ready to Reverse
at RealMoney by TheStreet.com (Fri 11:00am)
I hope you keep writing, and sorry to have to ask, but I don't have a subcription to the site, and from reading you I figured you do. Thanks and lots luck, keep up the good effort. JB-
as far as NOV tge RSI is OVERSOLD its just a hair or 2 above 35-which is oversold, not overnrought---and that is what RSI tells you about a stock...oversold/overbrought !
ALSO TA when applied to commidities is a n no because they move on other concerns -
So this realmoney guy is wrong on both accounts-
Links to this post: