This could be the upside I have been waiting for but I will wait and see. Intel earnings seemed impressive but you never know how they shake and bake it tomorrow.
I think tomorrow we should gap up and the weak stock should be a great short set up while the strong stocks like FSLR and the agros should be playable as 10 am highs.
Tuesday, April 15, 2008
INTC
Intc earnings should be out in a few minutes. Lets see what they says and see the reaction on the Futures.
GOOGLE Update
As I said this morning watch Google. Now down $6 and at its lows of the day. One to definitely watch down if IBM report bad. IBM had excellent earnings last quarter so personally I dont know. I Think whichever way Google ill be one to play as a 10 am play along with Apple.
FSLR
Solars still on fire. I think FSLR will make a good short every soon. I think something like $315-$320 area for a short will carry very good risk reward level. So one to put on your screen. Right now it is screaming but getting very overbought but can remain overbought till that 315-320 area, so that would be a better entry
Google was up $9 at the open on some reports that internet clicks were possible up. Now the stock is just up 50 cents after an hour. I am no fortune teller but is might be an obvious sign of how the market is viewing Google before it earnings on thursday. I am not saying to go short because Google is a monster stock but it shows you how sentiment has changed.
My long term target on Google is still $275.
My long term target on Google is still $275.
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