Some people are betting that the sell-off was overdone.
The markets here and in the U.S. have been moving in the same direction. Today they're up, and moves in Mexico are stronger.
Investors aren't validating the market's extreme rise in the first couple of weeks of the year, and it is basically moving back to where it was in December. The market is in a consolidation phase ahead of fourth-quarter earnings to see whether last year's rise is justifiable.
The numbers were really bad at the operating level, especially for the core television business.
Market psychology has changed a little bit -- or is beginning to change -- in terms of being a little more concerned about interest rate hikes in the States.
Some investors were willing to take a chance and get back into the stock figuring it is significantly oversold at current levels and the company reported reasonably good second quarter earnings.