(unGATA News) Its not an Elephant Joke, but Lucent & gold & GATA = ???
Once again Hutch's ability to perform at the near top of his profession,
reflecting the usage of his at near the far right side of the Bell Curve
of IQ'ness, to push aside knowing that he is on the wrong side of the
battle between good & evil. Something like "the end justifies the means",
except that Hutch does not understand the makeup of the means and does not
realize that he has and is being used by those bad people that use good
people to do what is needed for them to accomplish evil tasks. Yes Hutch
is a very good and honest person, but the "system" he has accepted as his
"work bench" to accomplish his job/profession also has an agenda unknowned
to Hutch that sets in motion needed results so that evil's agenda is allowed
to happen and continue forward. This Lucent "bad day" for the un-average
investor, as noted below as "chatter" I copied from the SI thread, reflects
those persons here on SI that did not have "information" ahead of time as
some did 1 hour after trading started. No many, but enough in a smooth
and easy way to "get out" without a panic, until 3pm panic news hits.
So I say to Hutch, the means you use to obtain your 90%+ accuracy track
record is supplied not thru honest channels, eventho you see it as such.
Below, chatter from the Lucent thread, and to me it highlights a lot of
stuff Bill Murphy and GATA implies about the dark side of the gold market,
including mention of CNBC tv market broadcasts.
Thursday, Jan 6, 2000 3:11 PM ET
Anyone know where support for this dog is? Selling seems relentless.
LU preannounces: earnings to be below estimates.
You have to be kidding!!!
They warned on a day like today?
Geez! There goes the sector.
We're done.
this is going to really suck.
My largest holding is LU.
How could McGinn say all the good stuff on CNBC last quarter?
It is SO obvious that word leaked out.
For once I can't wait to join a lawsuit against these crooks.
Still this will take the entire sector down with it.
The only upside is that this should help us get to bottom faster.
This is starting to get painful.
Dear CNBC.
When you interview the LU CEO tomorrow,
perhaps you will ask him 2 simple questions.
1- Why did LU release all that PR about new products all week?
2- How did so many traders know in advance about the warning?
Traders knew but Lehman didn't?
Like I said, it is one thing to run into normal economic things
like lack of demand, etc, BUT it is another to allow your stock
to get hyped by your own PR announcements when you already know
that earnings/revenues won't meet expectations.
I would LOVE to see CNBC ask the CEO point blank the two questions
I have posed. LU is widely held stock in USA, and it would be nice
to actually hold CEO to account here. He should resign, after he
identifies the 'leak'.
I just heard on CNBC that Rich McGinn is going to be on Squawk Box
tomorrow at 7:00 AM.
I want to see Mark Heines confront the CEO of the most widely held
company in USA, and make it clear that there are some serious problems
"at the top". Should be a piece of cake after what just happened.
.. it is amazing to see people sell at 50,
it must be a good time to add at 50
This is true except if some are willing to give me their shares for $45.
I'm willing to wait and see. I'd like to see the market settle out a bit
first. I took a bit of a pounding by getting into AMZN and ANCR too early
(bought on Tuesday). So, I think I'll wait for the dust to settle.
... anyone who doesn't have a bad taste in their mouth right now
from LU is a rare person indeed. Can't do a darn thing about but
boy did I get blindsided by this. I'd be more upset but will it
do any good?
Imagine the first time CSCO speaks up and says "we aren't going too
make our number", look out. Someday it will happen.
I actually have a bad taste toward the whole market right now.
It isn't just LU, look at all the BS and games played,
Greenberg says one thing, Mr Fun another, Doltan yet another,
my gosh, better off to just stick with boring old SPY.
That way all the BS is lumped in together.
I have a very defeated attitude right now.
I believe its squawkbox@cnbc.com
Notwithstanding the effect on LU shareholders,
the widespread effect to the other tech stocks,
which have already retreated,
may start the cascade effect on the market.
If things don't turn quickly,
there's a whole lot of folks going to get margin calls pretty soon.
This could get painful.
Good luck to the longs ... unless you've been holding for a few years
... in which case its more just a matter of c'est la vie for now !!.
Thursday, Jan 6, 2000 7:40 PM ET
Anyone getting margin calls here deserves it.
LOL!!!!
there are many pigs out there borrowing money
from pawn shops and banks and...
then these pigs use margin on the borrowed money
to invest in the casino.
these idiots need to be wiped out.
sorry for the language, but its true.
In simple terms, you are an A@@ H***!!!!
Gary, frankly I don't care if they deserve it or not,
its the effect on the overall market that concerns me
.... which was my point. Just like the hedge-funds/mutual funds
... I couldn't careless if they are losing a bunch
- as long as the market stays reasonably intact.
in other words you are an idiot???
Hedge funds is something to worry about - point taken.
... playing it tomorrow will be interesting. Personally, I won't be
making any major plays ... I don't want to get stuck holding a position
because if the nasdaq goes down significantly tomorrow the weekend press
will have a field day scaring everyone. That being the case, being long
anything Monday morning is not on my agenda (GG). Obviously this is not
applicable to nay long term portfolio's.
Yeah, Mr. Fud-- come on out and relate to us how LU
management lied to you again and how all your buddies over
at Lehman were just trying to cover their butts with a little tout here
and there--and how your Fund took a 30% haircut today and maybe another
10-15% tomorrow.
Oracle of Nada--Sure has a ring to it.
Just incredible. Here's a stock with 3 BILLION shares outstanding.
Funds like Fidelity own 80 MILLION shares of Lucent.
Yet 6 MILLION lousy shares in the aftermarket drive it down 30%.
DOES ANYONE ELSE SEE THE LUNACY IN THIS?
No big firm is dumping this stock.
That's just ridiculous.
There are 3 BILLION shares outstanding.
So, less than 1/5 of 1% of the shareholders dump it and it goes down 30%.
Just think if Fidelity dumped their 80 MILLION shares on the market.
It'd be a penny stock, right?
I have no position in this stock but this is sheer lunacy.
In a few weeks, once they get the last moron to sell it out of frustration,
I think I'll buy a ton of it.
Kindof reminds me of when Oracle "missed" 3 quarters ago.
All these geniuses couldn't wait to sell it under $30.
Now at $90 in 9 months and was over $120 a few days ago.
And they pay those money managers. What a joke.
I believe this is a classic buying op. Why you ask? I believe most
companies held back from purchasing equipment because the Y2K threat.
Since the threat is over, these companies are going to be spending on
all the telecom equipment that they held back from the 4th quarter. The
1st quarter will be a great quarter. I wouldn't be surprise that they
have a very large back order. Hold on or add to your holding with
lucent. You will be rewarded
>>Just incredible. Here's a stock with 3 BILLION shares outstanding<<
Good point. However, we all know that the buyers and sellers determine
the price, not those holding the stock. I'll let them sell me some
tomorrow at these prices. I let last October pass by without taking
advantage of the panic. Not this time.
Simply UNBELIEVABLE!
"Yeah, Mr. Fud-- come on out and relate to us how LU
management lied to you again and how all your buddies over
at Lehman were just trying to cover their butts with a little tout here
and there--and how your Fund took a 30% haircut today and maybe another
10-15% tomorrow.
Oracle of Nada--Sure has a ring to it."
Hmm, let's see, how do I read this?:
a) you were raised in a barn
b) Mr. Fun is an evil manipulator and you have to stop him
c) he took liberties with your sister and you will never forgive him
d) you were beaten as a child
why don't you put it in plain English?
You don't like the guy because he doesn't cheerlead for Cisco
and you have the chance to take a cheap shot.
Personally I value his observations, even if he can't see into the future.
i just woke up on a back street with no teeth, absent my purse, and
unable to access about $600000 worth of assets, Tomorrow it will double.
Don't bother me with your silly crap about the future of LU. You sound
like a bunch of idiots. I am one. You are too. |
