Monday, October 22, 2007

Sigh of Relief

As Apple announced their ridiculous amazing earnings (news here), and Microsoft poised to report their earnings on Thursday, the NASDAQ made the turn for the better as I had hoped (predicted?). The fed comments today also helped, implying that a rate cut will definitely be used if market conditions worsen.

Overall, my position is still down about 5% from where it was last Thursday, but after hours trading suggest my options so all be in the black by the time the market opens tomorrow.

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