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July 20, 2005
Fast market alert! Wed., July 20, 2005, 8:36 AM
At 8:30am, the Dow 30 futures are down over -50 points. This could be a tough day for the Bulls.
Just think, CNBC might have to return Larry Kudlow from vacation. And the line-up today may also have Battipaglia, and the rest of their raging bull crew.
But then, we Bears were warned when Abby Joseph Cohen showed up last week on the CNBC hot airwaves. As one of my readers pointed out, her talk of bullishness was a timely sign of bearishness.
Go, go AJC!
Actually, I think the Bulls will bring more than Battipaglia into the fray today. They'll bring $$$$.
After all, it has taken a few months to get this stock promotion rolling and the Summer isn't yet half over. :-)
This could be one of the more interesting days for a while. And the GOOG hasn't even reported yet!
Posted by Posted by Bill Cara on July 20, 2005 08:40:12 AM | Category: Cara Today in the Market
On a similar contrarian note...
I'm curious to see how BJCT does this week given MADMAN Cramer's published opinion in the 6/27/05 issue of The Street's, Personal Finance: Smarter Money. (excerpt follows)
"Cramer also commented on some speculative names. For investors who can stomach some significant risk, he likes Affymetrix (AFFX:Nasdaq) and Genentech (DNA:NYSE). On the other hand, he says Bioject Medical Technologies (BJCT:Nasdaq) is too speculative 'even for me.' "
A contrarian would note that BJCT closed on June 24th (a Friday) at 1.20, closed this Friday at 1.29 and was up another $0.14 after hours. Earnings are to be release after the market close this Wednesday.
Where would you place your money on the direction of an earning's surprise?
Posted by: Dan at July 24, 2005 4:13 PM [link]