Well, as I figured, that news from the CEO was not considered old news. After a close at 33 3/4 yesterday, COMS is asking 33. That news is also affecting Cisco and the other networkers too. CSCO is asking 49. F*&^, I cant believe this!
Steve,
Let's put this in perspective. First off, I agree the comments were not considered old news. However, there is going to be a sell off in the entire tech sector due to the heard on the street column in the Wall Street Journal. Mr. Biggs indicates that techs have been in a bear market since Sept 95. He is from Morgan Stanley I believe.
History has shown that when everyone turns bearish, the market starts north. Even the SI thread has had a touch of being bullish but is bearish now. Possibly, we have hit the bottom. We have a difficult few days ahead of us but I believe we are going to start the way back up next week. Let's try to hang in there and look at the entire picture.
Glenn
PS I am in as big a mess here as anyone. |
