William,
Yes, this has been one huge mistake. It looked so good a while back; now it looks like fermented doggie-doo along the road. Soon, we shall see the maggots crawling out from within.... Sorry so graphic, but I am not to happy today.
I weathered the April decline with colors this year. This fall decline is killing me. PROG, CCRD, MU, etc, etc, etc. After this decline is done and we rebound, I will slowly pull out of my stocks. I am slowly transitioning into trading the QQQ's exclusively. I have had enough with these lame brain, no good pieces of crap.
As for a prediction on earnings: Well, their last press release (which was eons ago) said that they were hopeful European sale would be back to normal in the 2nd half of this year. So one would expect less loss than last quarter. The actuals from the past:
Dec 99 = -0.07
Mar 00 = -0.14
Jun 00 = -0.21
Since they seem so found of losing an additional 7 cents a quarter, why stop now. I predict:
Sept 00 = -0.28.
If the European sale does not go thru (and I wonder if that is what the recent weakness may be a hint of), we'll be BK in less than 1 1/2 years.
Mark |
