Peter Chandler
Peter Chandler
bound goes pulling stocks surprising thinking time
What goes up will come down. Thinking about how much they've come up, these things are bound to see some profit-taking from time to time. It's not surprising that some of these stocks are pulling back a little bit.
article good number plus stock stocks talked tech
On a very, very short-term basis, Nortel's stock was exceptionally oversold. Plus there was an article in Barron's that called for tech bounces and talked of a number of stocks that were good value. Nortel was in that handful,
again bell canadian continues darling drove flat market northern stocks technology
It was a story of two different markets. The U.S. market was flat to nothing, the Canadian market was flying, and it's our darling stocks again -- Northern Telecom and BCE. Canadian technology was really what drove the market here. The story continues for Bell and Nortel.
general recovery stocks technology
Nortel is benefiting from a general recovery in the technology stocks in the U.S. as well.
basis broken everybody maybe microsoft monday stocks tech tuesday upside
Tech stocks were oversold on a short-term basis and on Monday everybody had to get out of them because of Microsoft, and then Tuesday everybody thought that if Microsoft is broken up maybe it's not the end of the world, and maybe there's an upside to it.
area close concern finished focusing last market poor prospects selling stocks tech technology took week widespread
The market took off from where it finished last week which is dumping tech stocks because of concern about poor prospects for quarterly earnings. You had widespread selling focusing on the technology area (and) where we are right now is at, or very close to, a bottom.
care everybody headlines supposed
Why does everybody care so much? I know it's going to be on the headlines but I don't know what it's supposed to mean.
good investor seeing sentiment sort turn
What is good is that we're seeing a real turn in investor sentiment to the negative, and you need that before you can get any sort of a bounce,
border data economic good industrial problem products side south weight
We had the good economic data south of the border but the problem on our side is the weight of the industrial products sector,
acute call earnings next period turning warning
We're turning into the most acute period of what I would call the 'early warning season' for the next quarterly earnings announcements.
basis fall free market morning overnight point suspicion
My suspicion is that on a short-term basis the market was oversold. It got spanked this morning with Nokia from overnight and the free fall (in Nokia stock) has stabilized to come back a point off its low,
dynamic lows meaningful rally saw test
But the probability is that we still have to test the lows that we saw in July, and that should set up a much better dynamic for a more meaningful rally going into the end of the year.
continue economy evidence expectation reasonable seeing slowing
So if we're seeing incremental evidence now of the economy slowing down, then we should have a reasonable expectation to continue to expect that to happen.
certainly damage gone number obviously popular serious support
Obviously some serious damage has been done to the market. We've gone through some important support levels, certainly with a number of the popular averages.