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The market was weak all day until 2 hours before the close. It really looked like the market was going to break down further. But, rumors about Ambac Financial Group, Inc. (ABK) being close to announcing a rescue plan may have helped the market to stage a late, sharp, reversal. Some attribute […]
Submitted By OptionDragon
Pink Floyd - Money
INTC lowered its first-quarter gross margin forecast to 54% compared to the previous forecast of 56%. The margin contraction is due to weakness in NAND pricing. INTC is slightly down in premarket. This bodes worse for SNDK. I feel bad for the Wall Street Warrior guys (they […]