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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: The Flying Crane who wrote (47758)2/21/2001 5:34:52 PM
From: American Spirit  Read Replies (4) | Respond to of 57584
 
News spins turned positive on techs afterhours on CNBC.
We'll see if Bob Pisani comes out asking the question "Is this the time to buy techs?" Every time he has done that in the past after a big sell-off, sure enough the lemmings start running the other way. Also Greenspan did have a meeting today about rates. It's possible he made an emergency decision to lower tomorrow. Inflation is the least of our worries now. Everyone wants him to hurry up and cut more so maybe he will. Hopefully. Ugh, what a day. Softie wins another day. Also Lu shareholder meeting apparently went wel with reassurances all around. Limited guidance of sequential improvement every quarter from here. Massive cost-cutting and restructuring, trying to milk all value out of their 11 dicisions. Should be a major turnaround story. Can't believe it dipped under 12 today. Ugh. And I'm holding 500 shares.