Dr Sean-it wouldn't be the first time this year that one heavily weighted tech stock turned in good earnings and lit afterhours up, causing folks to see "a huge rally" coming the next day. I don't remember which one for sure, but think it was TI, that caused a 1.5 hour rally the next morning-only to see the market disintigrate. If we get a tech pop. I highly doubt we see 40.50. or that any of the pop lasts till 4:00. I must answer your question, "are you watching the stocks"-well, yes I am, and here is what I see-totally suported by the composition of your list. I see a few large cap techs being pumped, most for no reason, to drive the indexes up and lure in bulls. Breadth today on the Naz-even with the end of day "rally" included-a NEGATIVE 3 to 2. Yep that is a couple handfuls of stock you have there, all recognizable names, most very high weighted, and large cap. Will their afterhours run continue-I doubt it-why? Who is storming into yahoo tomorrow after they just lowered expectations today, and shook that whole sector up? If yahoo does see 26 afterhours, and erases 40 cents of the $3.25 it lost during the day-is it significant-I don't feel so, as some people can't resist catching a falling knife. Chip stocks also on your list-with the huge layoffs in that sector, and over supply, they will lead a rally up? I just don't see it. They are high PE growth stocks-that just aren't growing at the pace they used to. Just have to say, I think there is a meat grinder set up, but, bull meat is what it will be grinding. Markets allways look the very best-right at the top. Good luck with the internet and chip rally you are looking for tomorrow.
AI
