Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Thursday, January 10, 2008

Capitol one cuts earnings forcast

MCLEAN, Va., Jan 10, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Capital One Financial Corporation (NYSE: COF) today announced that it expects to report earnings for the fourth quarter of 2007 of about $0.60 per share (diluted) and full year 2007 earnings of about $3.97 per share (diluted), below its prior expectation of "about $5.00 per share."

3 comments:

new comer said...

Morning Eric

A bad news from financial again, seems like we will have a sharp drop today again after yesterday technical rebound.

Eric said...

Morning,

That and the bad same store sales. Obvious that the retailers need to start cutting staff.

I adjusted my reversal target to 1330-1350

If that is not obvious.

I'm thinking sell off, small midday rally, sell off.

short lived rally huh! :)

so much bad news with bank earnings next week, 25 billion estimated in write offs.

new comer said...

100 points drop in Dow within 3 minutes after market start, see how enormous the selling pressure is.

New Economic Indicators and Releases

What does Blue Horse shoe love?- Blog search of "BHL"

cnbc