John,
I think it was 16c vs. 10c though ... at least that's what Stock Smart is giving me (they always round up, so I adjusted).
Forget Burke, he tried and found no problems with the GTW report, so now he is going by his guts to find smelly stuff there ... he also bought IBM puts w/ the assumption that they are going to expire worthless in May. And of course he holds DELL puts. I do hope that he is not gambling with OPM. Anyway, no skin off my nose.
And Earlie's best shot at the IBM report was that it was an easy comparison, hence a scam - as if the public didn't know about the easy comparisons already from last year, the point was that the estimates based on easy comparisons were blown away and that's no scam!
You know John, this is new era speak, but long, secular bears are definitely more difficult (though certainly not impossible) in this age of trading at internet speed. For example, the 10% drop in NASDAQ took 6-7 trading sessions. OK, gap filled, cyclicals rallied 15-20% at the same time, done, let's go back up now! I suppose in the 70's this would have taken 6 months to a year. It is of course hard to live with this volatility when one is 100% invested! <sigh>
I am busy reading as much as I can about broadband and cable. The T bid has me thinking ...
-BGR. |
