Xplorer,
I am particularly surprised at the number of people I have heard in the last 2 days echoing Michael Dell's 6% sales, 70% cost of materials statement when he appeared on CNBC, NBR, and Moneyline, especially Michael Holland tonight on Moneyline. Of course, Michael Metz...well, you can only guess what he thought. I have to admit that after witnessing the indiscriminate sell-off of the techs during October I agree with your assessment of sell now, protect profits, and analyze later by the fund managers.
Secondly, whatever happened to all the parroting that was going on about re-testing the 6900 low? In my mind, why is it so important to re-test a low that occured from panic selling by the big boys to begin with. On any number of occasions I heard statements to the effect that we havent really re-tested the lows until the individual investor gets the s**t scared out of him. The thing that really scares me is if in the future the big boys maintain their composure and close our window of opportunity for bargain shopping.
Finally, if there is a God, and God if you are listening, please,please compress time 100 days hence so Dell can once again report a picture perfect 10-Q and this plaque of shorts you have cast upon us to test our fundamental faith, can once again be returned to the ultimate vacuity from whence they came.
stephen
|
