1.18.2007

FUN TIMES FOR BLOGGERS


Premarket futures are trading near the flatline with the NDX futs getting hit the hardest.

On the wires, JEF beats by 4 cents; GES raises guidance; CME raised at Wachovia to a target of about $600; AAPL target raised to $107 at B of A; Mossberg reviews VISTA in the WSJ- and says "I believe it the best version of Windows that MSFT has produced; however, while navigation has been improved, Vista isn't a breakthrough in ease of use; Citi upgrades ERTS and INTU.


Jimmy Cramer out last night and this morning with the "can't own tech" mantra. Of course lets qualify that, we can stillown AAPL CSCO GOOG HPQ and MSFT. So we will track these five vs. XLK/MSH/SMH and QQQQ. I will also track the sell tech call against the overall markets (SPX). Sounds like fun, and what about LVLT, does that favorite spec stock qualify as tech and if so, is it also a sale here? Well the answer is probably if it goes up it wasn't and if it goes down, of course it was.

So here we go:

AAPL 92.74

CSCO 27.01

GOOG 494.5

HPQ 42.49

MSFT 31.08

XLK 23.16

MSH 575.62

SMH 34.1

QQQQ 44.79

SPX 1,430.62

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