Options Wonderland

[*~1Best~*]

WB, AMD is already discounted over 70%.

It is coming out with new product so it needs to be hopeful.

EBAY sold off on good earning news yesterday.

Have a good day


Posted by: __1Best__
In reply to: greenstreet who wrote msg# 373
Date:4/19/2007 10:50:57 PM
Post #of 398

The oversea performance probably influenced the performance today. Also, the turn date, 4/20, was dominating the market sentiment, it seems.

Even though EBAY reported good earnings, it sold off.

For AMD, market expectation was so bad going into the earning report. AMD traded down over 70% from 42.40 to 12.50 area before it bounced off from pit. The expectation was so bad and ugly on this stock. The loss was due to acquisition as well. The $SOX expectation was so bad during the last few years; therefore, it is trying to bounce off from the recent trading range.

Price often leads economy. For $SOX, sentiment and expectation was just awful... it was dead money, but it is trying to breakout now. Market sentiment and price action is mixed, but at the resistance, bearish sentiment is obvious.

It will be interesting with mixed earning reports. At least SMH was trading positive.

EBAY performance is disappointing because it broke out of triple resistance, but it is sold off with the good earning report.

Will see what happens tomorrow with GOOG good earing report. Traders were selling off all internet stocks even with good earning reports.

Hope you had a good day