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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: tsigprofit who wrote (7994)	2/22/2001 7:20:27 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 13094

Have you seen this SUNW blame game?> PALO ALTO (Reuters) - SUNW said on Thursday a slowdown in capital spending had hit U.S. demand and its sales for the current third fiscal quarter. ``We are disappointed with one and only one thing, and that is the U.S. economy,'' Chief Operating Officer Ed Zander told analysts in a conference call. Chief Financial Officer Michael Lehman said that Sun's gross margin would decline by 2-3 percentage points from the second quarter to about 45 percent and revenues would rise only 10-13 percent year-on-year in the third quarter. Earnings per share would be 7-9 cents in the quarter, he told analysts, below consensus expectations. He declined to make forecasts for the fourth quarter. I guess blaming the US economy, instead of taking the rap themselves is what we should expect from over paid US executives whose share prices are sinking into the abyss? As for the indexes, trading them is the only way, for me anyway, until we get that catalyst I spoke of earlier. It might be the expected tax cuts, or maybe they will use the monetary collapse in Turkey as an excuse to really prime the pumps? As for the rat stocks, we have some that are growing sales and have earnings that match SUNW, yet sell for a buck or two. By hook or by crook, they will get their day in the SUN ;-) As for options, if they were a direction bet, feel lucky if they expire worthless, you managed your money properly. And if the stocks tend to move for you a week after they have expired, next time split your money and go out an extra month or 2. Don't give up, you just need a little more time value...