yeah Jack, but another 16 cent shave next quarter would put them firmly in the red....and does anyone honestly know that won't happen------that's the conclusion I came to awhile ago. No one seems to know what the future holds. Not that anyone really did before, but now no one has the faintest clue. Greenspan all but says we're in a recessionary climate early January, than backtracks, and now the "official" Fed line is that things are getting better, and February was better than January, while January, was better than December......Yet we have technology(and manynon-technology companies) saying, "Whoah, February was brutal....so brutal in fact, just throw out any guidance we may have given in January.",,,,,and oh yeah, the number of highly repected companies that are telling us they have noidea what business will look like after even the next month is staggering......So how much faith can we possibly have that BRCM won't warn again? or JDSU won't tell us next month they need to guide down again?
Or for that matter, is it possible someone steps up to the plate in April and tells us everything is looking better now....Of course, but.......no one freakin' knows!
It's tough to trade in this environment I'll tell you that...and it's virtually impossible to hold a tech stock overnight right now and sleep soundly. |
