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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Yaacov who wrote (40177)	1/6/2001 12:32:43 AM
From: Stephen	Read Replies (2) \| Respond to of 42787

Yaacov, your position is perfectly reasonable and understandable ... however ... I can't forget that its forward guidence that markets care about ... and year on year comparisons are going to be horrible for all of 2001. If hi-profile companies meet or just miss estimates this qtr and the guidence going forward is actually worse ... would you be able to look past that horizon to the qtr after knowing that the economic recovery was tentative and yr on yr comparisons for the 3rd calendar qtr were going to be difficult because actual performance in 2000 was still getting stronger ??. And who would you buy knowing that the bigger companies are going to suffer from investment losses, increased salary expenses, reduced margins and higher tax bills (stock option loophole).. ?? Smaller companies who are going to find it harder to compete ??. Lots of thethe speculative ones in the fibre-optic/networking area are dishing out exercisable warrants to anyone who will take their business so they show good revenue growth whilst hoping to continue bringing secondaries to market whilst insiders keep selling. Hmmmm. Personally I look around and find it difficult to decide which companies are good bets. There's still too much dead wood in the tech market that needs to fail and disappear ... and that are hurting margins for companies that actually have a good business & plan. To boot, they've already had a role in reducing liquidity (by all the secondaries) & destroying capital. I agree that the worst is behind us ... it had better be otherwise it would mean the NASD would have to go to zero - LOL ... but whether any real upside progress can be made for the rest of the year is open to question imho. In any event I'm rambling and .... the dog is giving me dirty looks as we're overdue for our evening constitutional !!. Have a great weekend Yaacov !! ... and all ... Regards Stephen