Wednesday, February 6, 2008

Yesterday's 375 point Dowdrop and Witmer right on WHR

Traders used the excuse of a low ISM manufacturing reading to wipe out all of the gains from the first Fed rate cut. But while most stocks were getting sold, one stock from Barron's Roundtable panelist Meryl Witmer, WHR rose 9 points yesterday on earnings guidance and is up another 3 today.

After the bell, CSCO reports earnings, and it would help our 1000 share QID position if their forward guidance is unenthusiastic.

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