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I have to think tomorrow is going to fall off in the afternoon. Of course,
I thought it would do that today as the afternoon buyers dried up deciding
to wait on tomorrow's numbers. Got stopped out of QQQ and QCOM shorts that
I put on around 1:30. Tex Tanzi pointed out the unless the number tomorrow
is way high, it's going to be good news. With all the profits that people
have this week, I can't believe they are going to carry everything into the
weekend. For the last 2 weeks, the second half of the day has been
miserable. But Tuesday it was a straight-line rally and Thursday there was
a very string rebound over the last 90 minutes. Wednesday faded. I'm
thinking huge rally at the open, fade for the rest of the day.
Anyone realize the MSFT now has a P/E of 38?
Kent
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