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."
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
Thursday, January 10, 2008
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3 comments:
Morning Eric
A bad news from financial again, seems like we will have a sharp drop today again after yesterday technical rebound.
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.
100 points drop in Dow within 3 minutes after market start, see how enormous the selling pressure is.
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