Buzz Bits: Dow, Nasdaq End Lower Minyanville Staff Nov 08, 2007 4:45 pm |
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Who Will Rebound? - Sean Udall - 3:27 PM

If I had to guess which ultra high momo stock will rebound the fastest I would probably go with VMWare (VMW).
My style is to consider an entry point for re-upping my EMC (EMC) long and let others feast on the volatility that VMW holds. There is a price I would consider VMW but its still a ways from that level.
Google (GOOG) will be the most dependable add of the anointed ones but after I cash out of a large winner I tend not to want to reload the name very quickly, even on a sharp move lower. Though $650 or lower would get me long GOOG again.
Yo Homie! - Bennet Sedacca - 2:41 PM

My firm has been negative on homies since 2004. It was a bit early and and I was laughed at, a la 1999 (yeah I was early then too), but the homies may finally be reaching a resting place.
On the emotional roller coaster, we go from greed (it's different this time) to fear to despondency. I sense we are edging close to despair/despondency. I also noted Bruce Toll, for the first time in many years, exercised some options and did not sell stock. There is also insider buying in SPF.
Click to enlarge
Using the S&P Super Composite Homebuilder Index below, we are a mere 60 points above where it all began. If I were directionally short via XHB, I would start to cover... for what it's worth.
Click to enlarge
Retail Gives It Up - Jeff Macke - 12:27 PM

Greetings from New York where I just got done trying to say something nice about the month just turned in by the retailers. It was sloppy out there and, as you can tell from the reactions of most of the stocks. Is the consumer dead? I still vote for "just resting his eyes" but it's hard to sugar-coat the data we saw turned in this morning.
Among the notable news:
- Macy's (M) and Nordstrom (JWN) came in light, JC Penney (JCP) warned. The Department Store Revival is officially over.
- Club Stores were strong across the board. BJs (BJ) and Costco (COST) beat, Sams Club had the best results of the Wal-Mart (WMT) operation.
- Specialty was a mixed bag in terms of stock reaction with the exception of Zumiez (ZUMZ) which was fine on sales but gave disappointing guidance. Zumiez joins Crox (CROX) in the Break Down Lane of consumer momentum.
- Target (TGT) seems to be at the low end of a year long range; it's telling that Wal-Mart wasn't able to damage Target's October, despite a month-long price-cut at WMT.
Between the Ticks - Jeffrey Cooper - 11:31 AM
- We all know that Crocs (CROX) have holes in them bu
t geesh! - Will Apple (AAPL) fail at the grail---the 20dma, the Boomerang pattern mentioned on the false breakout the other day triggered?
- The square out on Baidu.com (BIDU) at 723 is talking although the stock overshot by a percent or so.
- Is Terex (TEX) a short here on a bounce up to its opening range breakdown?
- Is VMWare (VMW) a buy on a test of its morning lows, which coincides with the first stage of its 50dma since going public?
- Are we all gonna end up with carpal tunnel syndrome if the volatility keeps up?
- Ringo, I got blisters on me brains.
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