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Strategies & Market Trends : Joe Stocks Trader Talk
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To: Joe Stocks who started this subject2/12/2002 11:54:57 AM
From: Joe Stocks   of 787
 
DE- Just did an intraday volume study on the 3 minute chart.
Down volume is running about 60% higher than up. I expected more but as long as it is down I'm going to stay with the position although the price is up. May have misinterpreted some of the report. When they said flat for 2Q I assumed they were talking about sequentially. They appeared to have been talking about Q over Q. I listened to the conference call. Something that did not make sense. they said that revenues would be flat but also said that they expected the economy to remain slower in 1,2 and 3Q and that they get most of their sales during Q1 and Q2. Since they just reported down revenues for Q1, in addition to slower sales in Q3 and Q4 of last year, I could not see how they expected Q2 and Q3 to be flat with last year in light that they also expect the economy to remain slow.

Just a thought, Joe
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