First, I don't know that companies are going to lower guidance, these expectations are already so low that the perception during the first quarter was that a high percentage beat expectations, the same may happen again. Look at the market reaction to NVLS saying, ya we are staying with our very depressing guidance, up from $30 to $33....
It is not unusual to get a strong first or even second week in July, after that, who knows.
Zeev
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