| Very few occasions you see companies at a huge discount, last night what has dawned on most of these guys that MOT rev are not dead, recession meant that MOT should have come up with 5b$ rev or stagnation and negative cash flow, higher inventories and higher receivables. On all these counts the answer was resounding no, the SOX had built in all that, now the season has just begun, we are solidly seeing revs and slow down yes but watch out for NOK that will blow the hell out of wireless sector on the up, you all missed may be VOD subscribers numbers, that also helped a rally yesterday in BTY and VOD, now naturally oversold sectors are going higher. On UTMS and data transfer, Europeans will spend in excess of 300 bn euros in next few years and that is not at all built in hte market, in Japan we had some company with UTMS data tranfer facility the results are wonderful, today Orange has got a contract in Swiss, NOK has got several of them in last one week and here we are sitting and watching, just in a week fortunes can change so much that what these markets are all about. Every bear likes to think that he can scalp, he cannot, markets are not 'brothels' markets are consistency, more often than not we you don't hold it you don't make it. The people who are long like me suffer the most but benefit the most too. CEIN at 28 was a short how can 45 is not a short? But to short their first needs covering the short at 28$.. |
