"...not likely to see good earnings and positive guidance at this point"
Hi John & all!
That's exacly what I'm thinking too. You all know, last week yet I had a different view of things - but I had to learn my lesson.
In a more Jury-centralized view AMD had to disappoint because I was long ng ng ng. (sometimes I fear that I am a program and the program-supervisor has a certain pleasure if he can f*** me with me investments...)
But this AMD/EMC-story was more then just 2 more warnings. The continued resume-shortfall of AMD (curious to see the exact numbers) didn't look like "turnaround".
Will Dell keep standing this environment coming out as marketshare-gainer without losing margins?
GE should be the single company which is not impacted by this depression? What's with GE - they were over-proportional weak during last weeks, passing any supportline without looking at left nor at right? More insider-selling also with GE, Paul? (warnings-substitute for intelligent investors ggg).
What's with INTC/MSFT when computer-demand keeps suffering - and obviously IT is exactly the place where companies use to reduce their cost?
OK - IMO one or two out of this club with news like Friday from EMC/AMD and we can wait a long time until we just see a tiny rally like today.
More: I really cannot imagine what they expect from Yahoo & Motorola. IMO yhoo will divide in half his resume (who should increase his internet-ad-volume those days?) and mot is one of these former great companies (like LU, ATT, G) which must die a long dead.
OK, despite all these arguments it could be that we're midden in a turnaround and these bad earnings have been generated during April and May - but
1. I cannot know this with a good probability and
2. I learned Friday that this is not accepted by the market.
OK - today they're filled with hope again (however, 0., I'm not: thus it could be that all things will come out great ggg. However, I don't believe in this like all of you didn't (if I read your postings the right way) and I've returned in cash today and have brought a lot of losses home.
Probably I'm wrong again - but one thing is sure: I cannot afford further losses. (of course that's true since a year or so... ng)
Eventually I've sold certain positions of DELL, NOK, AMD (.15!), MKH, MER, WCAP and GE. Of course I could have sold for better prices 2 hours later - I something goes wrong, nothing goes right.
Paul, is it ok if I sit besides you and try to learn being patient? If I can stop losing now I should have enough bread and water for waiting another a year or so...
Facit: I'm now in the situation that I must concentrate in single shortterm-trades. Guess I'm on the right place for doing this. And be sure, I read every posting here...
Happy trading!
Jury |
