7.31.2006

PRE OPEN LOOK

At the open, I will be focused on how quickly the latecomers will be to buy the dips as one should occur with SP FUTS trading down 3.5 as I type.

AAPL and PFE both trading up 2% on an upgrade at the former and a new CEO at PFE as directors probably just got fed up with the smooth talking under delivering Hank McKinnell. Clogspot not allowing pictures yet today so maybe a chart of PFE a bit later. Thanks GOOG.

Other news, SNDK buying FLSH and shares of the target are trading up 12%; fed guy Poole on the wires indicating a 50/50 chance of a hike at the August meeting.

1 Comments:

Anonymous Anonymous said...

I wouldn't read too much into that 50/50 chance. I bet there's a 50/50 chance he's saying he doesn't know, making it sound like some kind of official mathematical prediction.

10:11 AM  

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