Friday, November 16, 2007

Fed trying to spoil today's "snapback"..Thank you CSCO buyback $$$

Fed governor is talking and saying they will not necessarily lower rates..even if data is weak....while bond market begs to differ ?????

This statement play's directly into shorts hand.......

Futures are UP accross the board....inspite of overseas loss... based on CSCO huge buyback !!!

GRMN is UP $20 on not bidding for Tele Atlas......

NCTY down $4....also on ER.....

SBUX down almost $2 on ER

All the strong stocks are showing sign of life..but nothing to write home about...so far.....

GOOG,BIDU,AAPPL,RIMM are all UP......

Good luck on rest of the day.

BLOG does not give buy or sell.

Saleem

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