It's good to hear you say that, SM...the ENE subject became unbearable to many of us days ago....what a shame that this thread focused so much on that sharp knife...reminds me of the COCO fall...
Focus on the NAZ? Yah..and i think focus on the early morning analysts comments...the downgrades on these high-flyers....
Keith and I zeroed in on all these tasty morsels today from the Goldman Sachs Software comments:
07:51 ET Goldman on Software : Goldman Sachs issues a mid-quarter update on the software sector; believes that business has picked up but that stock prices already reflect that; says it is most comfortable with large cap vendors such as VRTS, BEAS, MERQ, and PSFT, but notes P/Es are in the 50-65x range and would be buyers only in the 40-50x range; believes that unprofitable applications vendors such as ARBA, CMRC, MONE, MANU, and ITWO are at most risk.
And Marsh posted what I thought was a pretty earth-shaking comment from CIEN's CEO this morning....about the capex spending cuts...those comments pretty well sealed the fate of CIEN, JNPR, EXTR, CSCO, etc...
Message 16714319
I think now, more than ever, these high-flyers and the POS cheapies that ran over the last weeks, will be highly sensitive to any negative analyst comments.
The point I'm trying to make is...is that when we come to
such an important pivot point...such as the run-up of the index's yesterday afternoon, to that point which we had all
been waiting for...the thread should just be focused on the huge opportunities presented.
Days like today can make a trader's whole month. During important climax points like yesterday and today, we should
all try to keep our posts short and succinct...focus on the news as much as possible. Find the vulnerables. Well, you know what I mean. |
