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Strategies & Market Trends : Dave Gore's Trades That Make Sense
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To: Dave Gore who wrote (12598)9/21/2002 12:21:12 AM
From: mishedlo  Read Replies (1) of 16631
 
I agree. I am really pissed at AKLM management. They had no business offering guidance of 14 cents if they weren't at least 99% sure they would at least come close to meeting that for the Aug. quarter.
Missing by 25 cents is possibly class action lawsuit material. That's pretty incompetent at the very least. I won't be the one to initiate the suit, but some really big shareholders sure might.

I agree.
That is pathetic.
Of course how many times have we seen that this year.
Two ramp jobs on NVLS.
Ramp jobs on CSCO (selling written off inventory).
INTC lied all year until forced to come clean.
Second half recovery BS from almost every company.
"We have reason to believe the bottom is in".
Over and over and over. ALL LIES.
None of them have ANY reason to believe the bottom is near.

It is truly disgusting.

On second thought I do feel sorry for those that bought into these lies even though I did say I did not believe that guidance however.

The morals of the story
1) Do not hold thru earnings in this environment (A pleasant surprise gets you 8% like QCOM and there was till time to catch perhaps 1/3 of that or more AH) A bad surprise and you risk something like EDS. Not good odds IMO.
2) Only believe the price you see on the screen in front of your nose
3) There are NO GOOD STOCKS. But there can be good trades with bad stocks.

Good luck out there.

M
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