Wrapping Up

Today was another constructive session. Every time the market is poised for a pullback, it seems to find a bid. This is likely due to investment managers who aren't fully invested, and are using any small declines to add stocks. Don't think this stuff really happens? Then you've never suffered true performance anxiety!

QSII reported good earnings after the close, and the stock is jumping. This is one of the high short-interest names I have highlighted in the past. Great fundies to boot.

FSH also reported good earnings (4 cents ahead), but looks like it is lowering guidance for 2005. Actually, it is just narrowing the range. Guidanc is now for $3.47-$3.52 from a previously wider range of $3.45-$3.60. Consensus estimates had been at $3.58 though. The conference call isn't until tomorrow morning.

Also, lots of people playing this SINA, hoping to get the same sort of pin action that NTES offered. Not. Company beat by a penny, which means not good enough in my book. Stock is down slightly after-hours.

net long FSH, QSII