Bought some calls
#1
Posted 17 July 2007 - 03:04 PM
#2
Posted 17 July 2007 - 03:11 PM
#3
Posted 17 July 2007 - 03:15 PM
Good idea.
Has there ever been a bad CPI report? I don't remember a negative reaction to CPI.
Denleo
I don't think CPI is relevant for the time being. Everyone knows inflation is low and Fed is on hold. Old news There can be no positive surprize on CPI, only negative. As you said.. Everyone expect positive reaction to CPI
There is too much other stuff going on in the market. Bernanke will speaqk in Congress and earnings galore.
P.S... INTC is dumping.
Edited by ogm, 17 July 2007 - 03:16 PM.
#4
Posted 17 July 2007 - 03:16 PM
Edited by relax_dk, 17 July 2007 - 03:21 PM.
#5
Posted 17 July 2007 - 03:30 PM
not since may 2006
11 out of 12 is pretty good odds ;-)
what is up with intel and J&J - both down despite beating estimates
things seem to be different this reporting season
it makes more sense, after all how is it logically possible to have expectations that are lower than what is expected
Yep. It all makes sense. INTC is a huge company, which is selling low margin commodities. And not the kind of commodities like oil or coal. And the stock ran up to 27 p/e on expectations of a miracle. Well, they beat the numbers, everyone yawned. Found some excuse to sell, like margin concerns or forward guidance not beeing as good as everyone expected.
Buy the rumor sell the news. Classic. It will be probably stuck here in some range 22-26. But the news is out, no point in bidding it up further. So no help from INTC to the NDX and dow anymore.
I'd be more concerned that MER sold off on what CNBC was touting all day as "stellar" report.
#6
Posted 17 July 2007 - 03:32 PM
#7
Posted 17 July 2007 - 09:20 PM