When we got to a certain point of weakness there were buyers and that's been one of the characteristics of the market recently ? the re-emergence of the 'buy on dips' crowd. It's a more disciplined crowd but they are certainly nibbling at excessive weakness and that's a good undertone.
Some of these CEOs are saying we're getting some visibility, but no one is pounding the table.
I don't think this raises any red flags. It's an intriguing thing but it happens to everybody. Everyone knows that the implementation of software can get tricky.
The markets will obviously tread water, but we could see some buying on weakness.
I think most folks know what they want to buy. Certain stocks are starting to creep higher and you want to be ahead of the curve.
What you have in this type of environment is that when rallies fail or even stall, people say it's just time to dump.
What he says really has a broad influence, ... We're into servers. We're into storage. We like to see some type of upbeat comments on macroeconomic situation. This way all stocks can participate if the comments are good enough.
The bears came out this week and didn't spook everyone off. When the market was too weak, there were buyers and as long as there are buyers on weakness we're OK.
Because it wasn't a major news day, per se, it was also smart to open as quickly as possible.
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