You can feel the desperation of the shorts, looking for any bad news to take the market down. Looking for any negative spin.
The Secretary of State just said that War with Iraq is now unlikely, the price of oil dropped, bonds are being sold and equities are being bought. Retracements sure, but I thought smart traders shorted at the top. That was almost 3 years ago. Aren't you supposed to go long at what looks more and more like the bottom?
17:55 ET Texas Instruments speaks of limited visibility (TXN) 17.12 +0.02: -- Update -- On call, says it has limited visibility in the current environment with historically short lead-times... In Q&A portion of call, says order shortfall was primarily in the PC and PC market peripherals segments... thinks it is too early to comment on Q1... TXN -2.90 at 14.22
18:04 ET Texas Instruments not likely to raise 2003 capex (TXN) 17.12 +0.02: -- Update -- In response to question about 2003 capex forecast, management says it still hasn't put together a formal annual plan but that it's hard to see at this point why it would need to be higher than 2002 capex, which will be $800 mln... TXN -2.87 at 14.25
18:11 ET Texas Instruments likes Q4 wireless prospects (TXN) 17.12 +0.02: -- Update -- On call, says that as Q3 progressed, wireless was better in terms of Q3 growth than it had expected at the beginning of the quarter... for Q4, expects high single-digit sequential growth again for wireless business in Q4.. TXN -2.90 at 14.22
News 
Market Data 
Discover 
