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To: AllansAlias who wrote (72208)	2/27/2001 8:04:17 AM
From: Lucretius	Read Replies (1) \| Respond to of 436258

when we get easy al done, this sh*t is gonna hit the fan

To: AllansAlias who wrote (72208)	2/27/2001 8:12:04 AM
From: marginmike	Read Replies (1) \| Respond to of 436258

That was the best Short Ill ever do as long as I live. I used to explain to people like Venkie that 60 billion dollar mktcaps and 100 million in sales was CRAZY. I shorted it 2X for close to 180pts!

To: AllansAlias who wrote (72208)	2/27/2001 8:32:10 AM
From: Earlie	Read Replies (1) \| Respond to of 436258

Allan: "From your lips to God's ears", as my Jewish friends like to say. (g) Best, Earlie

To: AllansAlias who wrote (72208)	2/27/2001 8:34:21 AM
From: UnBelievable	Respond to of 436258

Durables Orders Post Biggest Drop Since Oct =========================================================== Durable Goods Orders Jan Dec !Surprise: Yes ! Total Orders: -6.0% 1.2%r !Trend:Slower ! Ex-Transportation: -0.3% -2.1%r ! Growth ! Ex-Defense: -6.0% 2.3%r !Consens.:-3.5%! =========================================================== By Jonathan Nicholson Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The manufacturing sector of the economy took another hit in January, as orders for large manufactured goods slumped sharply. The Commerce Department said Tuesday orders for durable goods - items meant to last three or more years - slipped 6.0% in the month, more than reversing the revised 1.2% gain seen in December and marking the biggest drop since October. The December increase had previously been reported as a 2.1% gain. The number is likely to add to pressure on the Federal Reserve to cut interest rates further. The Fed has cut rates twice so far this year and some analysts speculate it could act again before its next scheduled meeting on March 20. Fixed-income investors may cheer the durables report as a sign that an inventory backlog Fed officials have been worried about has yet to run its course, easing the path for more aggressive Fed action in coming months. However, investor reaction may be muted ahead of the planned 10 a.m. release of consumer confidence figures by The Conference Board. Consumer sentiment is seen as a key factor in the Fed's rate-setting deliberations. Wall Street had anticipated durables orders would drop less sharply, after having been artificially boosted by outsized gains in the aircraft sector in recent months, a factor that turned around this month. The median forecast of 16 economists surveyed by Dow Jones and CNBC called for a drop of 3.5% for January. In the Commerce report, durables orders outside of transportation were not as weak, falling only 0.3%. Non-defense-related orders shrank 6.0%. Orders were down in most sectors. Primary metals orders fell 0.6% while electrical and electronic equipment orders slumped 6.2%. Transportation-related orders fell 22.4% in January after rising 12.2% in December. The only sector to post a gain in orders was industrial machinery, the category that includes computer equipment, which posted an advance of 5.7%. Non-defense capital goods orders excluding aircraft, a category many analysts use to attempt to filter out statistical "noise" in the durables report, also showed an improvement, posting a 6.5% gain in January. That followed a 2.3% fall in December and marked the strongest monthly advance since June 2000. Shipments of durable goods were down in the month, falling 1.7%, while unfilled orders declined by 0.2%, Commerce said.