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Letter "P" » Peter Cardillo Quotes
«Basically, what they're working on here is a smallpox drug. As you know, the vaccine does have a lot of side effects. And this small, tiny basically New York-based company, with its labs out in Oregon, is working on this drug, ... And they just recently announced a contract from the Army -- $1.6 million. It's obviously speculative and somewhere along the line the company is going to have to raise money.»
Author: Peter Cardillo
«We have the weapons inspectors returning, mixed corporate reports and no new economic news to focus on, so stocks are taking a little pause, ... The broader market is mixed to lower but is showing no great declines, while the techs continue to perform a little better.»
Author: Peter Cardillo
«The ISM news was positive, but the market is looking more to the non-economic factors, with people worried about Tyco and the action out of Pakistan and India,»
Author: Peter Cardillo
«We saw that in the brokerage houses with the consolidation and that's exactly what's happening in the telecommunications sector. And I believe however that there are those companies out there either through perhaps future mergers that will make it and two of them that I like for the long-term is AT&T and WorldCom, ... I think somewhere along the line they might be bought out by some major international concern but it think if you have those stocks it was good at these levels probably to begin to average out.»
Author: Peter Cardillo
«I think we're going to see the preliminary GDP show that this economy is flat or even negative, ... But that's old news. What the market needs to focus on is numbers that show us we are beginning to rebound.»
Author: Peter Cardillo
«There are some slight movements in technology stocks with sporadic gains, but nothing to write home about,»
Author: Peter Cardillo
«The Juniper (Networks) earnings warning (on Friday) along with some downgrades today (Monday) are basically navigating the markets lower, ... It's like sailing on a boat that's heading nowhere.»
Author: Peter Cardillo
«This does open the door perhaps for an intra-meeting interest rate cut, ... We could see a cut over the weekend.»
Author: Peter Cardillo
«A good portfolio should be a mixture of sectors -- I don't see any one sector being hot again, ... I would favor more tech and telecom because when they do come back, they'll come back very strong because they got clobbered the most.»
Author: Peter Cardillo
«Many (tech and telecom stocks) are undervalued. If we have a period of slow growth followed by an acceleration in the economy, I think we could see money flow back, and the one thing that's been very consistent in this market is the rotation factor, ... It tells everyone money is not leaving the stock market.»
Author: Peter Cardillo
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