Wednesday, January 16, 2008

The market is looking down this Wednesday morning

With Intel (INTC) pre-announced to miss estimate and future slowing sale this morning, the market is looking down. The fear of recession along with slower sale from Intel and Samsung yesterday, the good news from IBM and HPQ a few days ago did not provide any good short term support at all. The best strategy is to stay away buying and short the high flyers.

No comments: