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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: j g cordes who wrote (38764)	1/7/2003 12:47:40 PM
From: Johnny Canuck	Read Replies (1) of 69661

Hard to day, but they were already 50 percent booked going into the Q. As a result the analyst downgrade surprised me. The fact they are guiding next Q as up take away some of the uncertainty going forward that has been keeping the price down. I think there is still caution though as NOK guided numbers down for the Q. It looks like people are waiting for them to say the cost is clear. I agree on the sell the news scenario you laid out, I just don't think it is a run for the hill scenario just yet. Expectations were lowered significantly going into December. Most companies will meet or beat as a result.

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