To: John Graybill who wrote (49461 ) 10/20/1999 9:13:00 PM From: Naggrachi Read Replies (1) | Respond to of 53903
<<That said, those option guys might be kicking themselves tomorrow monring, because it looks like IBM's earnings report is gonna shock the tech sector again.>> It wouldn't be so bad if IBM had not issued a rosey forcast the last 2 Qs. They stated that Y2K fears were overblown and the impact would be minimal. Now, these highly paid execs., with high level information at their finger tips are shocked to know that this century is coming to an end in about three months. They seem to have been caught off guard all of a sudden. DELL siaz that everything is hunky dorry, not to worry, earthquake? What quake? Two weeks later they were caught off guard by raising DRAM prices out of nowhere. Appearntly these guys who operate the company's day to day business are living in a vacum, where information scarce due to a lack of medium to access info. Oh, did I mention Dickhead Balmer and his goldrush, our stock is overvalued, comments? Fine and dandy, except when you beat estimates by .04 cents your credibility goes down the toilet (as much as I hate using that word.) Not that I believed a word he said, however, the damage he caused that day, surely some people picked up the phone and liquidated postions, for what? Couple that with Mr. Insona and his DOW "theory" guest that same afternoon and you know what happend in last half hour of trading. This is no longer investing, it's about manipuilation and fucking over the little guy. It's become a game, more so now than ever before. And if one is not on top of things he could be buying MU expecting MU to make $8 a share in 2000, because some dickhead, err..talking head on CNBC said so. Now I know what they mean when they say history has a funny way of repeating itself. Zead