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IBDvalueinvestin (98.47)

Pre-Earnings Guidance very Upbeat and leading the way are Chip stocks



September 11, 2009 – Comments (2) | RELATED TICKERS: INTC , MCHP , IPGP

If pre-earnings guidance is any indication for the upcoming earnings then we will not only beat estimates this qtr but also beat on revenue estimates as well.

2 Comments – Post Your Own

#1) On September 11, 2009 at 12:44 PM, IBDvalueinvestin (98.47) wrote:

I like today's selloff in stocks it means people are taking profits now but once they see stocks continue going up withot them will chase them again much higher. Fearing they are missing further gains.

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#2) On September 11, 2009 at 1:21 PM, IBDvalueinvestin (98.47) wrote:

"Those that are looking for a major correction in September or October might be disappointed," said Tom Lydon, president of Global Trends Investments in Newport Beach, California.

"Many investors who exited the market might find themselves rushing to get back in, concerned about missing another rebound."

The S&P 500 index .SPX added 3.4 percent in August, its sixth-straight month of gains. The index rose in seven of the 11 trading days between Aug. 17 and Aug. 31. As of Aug. 31, short interest on the New York Stock Exchange fell 2.4 percent to about 13.79 billion shares, from 14.13 billion shares mid-month.

The same time period saw Nasdaq short interest fall 2.9 percent to about 6.6 billion shares from 6.8 billion shares. (Reporting by Rodrigo Campos; Editing by Steve Orlofsky)

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