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Stocks acted crazily on earning. This is very unusal



August 05, 2009 – Comments (0) | RELATED TICKERS: CSCO


It becomes so common this Qtr that stocks rocket or plummet 20%+. RDN up 80% and AIG up 50%+.


It it also strange that companies get rewarded by reporting ugly earning but saying the worst is over. While some firms beated estimated EPS while issuing cautious stances on the future. The laters are seeing their stocks get dumped.


What is this stock market is all about? Forward looking? People start extrapolating the earning and price accordingly?


Or crooks are manupulating some of these low quality volitle stocks by buying and selling to themselves before many dummies got hooked? How do you think Goldman Sachs can make another record quarter with ripping even greater trading profits?


Those who cooked their books saw their stocks jump and those being honest get punished. What a CHANGE Obama admin just made. Cash for clunkers? Sorry if your car is old and gas efficient, you are NOT qualified.



Here is the Cisco story today:


Cisco Systems Chief Executive John Chambers said it was too soon to call a recovery and forecast another drop in quarterly revenue, sending its shares 3 percent lower.



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