With earnings coming out in the near future, I
feel we have seen the bottom. I fully expect to see
some good news coming out. An upgrade or two won't
hurt either. Shorts will be fleeing. Nice action today
for a change.
I found out a long time ago that if you try to
call the bottoms and tops, you miss more than you make
with "perfect timing". Confidence is high. Still
buying all the way to the bottom, wherever that may be.
goes down 25% to 12 as you are saying! It has
major support in the 15-16 range and the nasdaq alone
will not force staples down, in fact, proof positive
of this is when the nasdaq started down in early
march and bottomed april 14, staples was still holding
on strong @ $20. So, spls hasn't been forced down
off of the nasdaq drop. So, the theory that "there is
no stopping the naz right now as it is headed for
self destruction on a run-a-way locomotive" doesn't
hold water in the thing called reality -- you might
want to check that place out some time.
personally think we'll see 19-20 before earnings are