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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (39845)3/11/2002 3:22:50 PM
From: t2  Read Replies (1) of 99280
 
We already had warnings, but I doubt additional warnings will affect the positive bias of the market

That is the way it seems. Oracle and McData warnings did not make people nervous.

Now even downgrades are seen as big buying opportunities(estimate cuts on JNPR for example this morning). Stock bounced back big time.
That is the sign that profit warnings don't matter as much. The market is looking out into the future again..it seems. Maybe it is just seasonal effect.

jmho
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