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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Sam Sara who wrote (11255)	3/6/2001 11:15:35 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 13572

Sam, My comments were directed toward the near-term only (i.e., weeks to a month, two months tops). Market internals also make it clear that there is nothing like the type of buying pressure which can fuel a sustained bull run. This may change, but the moving averages of the $VXN and the $TRINQ, the A/D line and others are not in a range to support persistent buying pressure for any extended period. Can't find much to argue with what you say. KO has a P/E of 58! I suppose the only difference we have is how this will take place. I envision money once again fleeing the techs and the $COMPX in general, heading temporarily for the safer harbors of the blue chips. Then, as the damage widens, mass move to cash and treasuries. I anticipate this will be the set up for a final bottom, sometime later this year probably. WS

To: Sam Sara who wrote (11255)	3/7/2001 12:42:30 AM
From: mishedlo	Read Replies (1) \| Respond to of 13572

From .25 to .08. Will they buy this news tomorrow? BTW - JDSU warned yet again after hours as well. That "rally" today was short covering, forced by gap ups. No more no less. ======================================================== Broadcom cuts Q1 outlook, hurt by orders slowdown NEW YORK, March 6 (Reuters) - Communications chip maker Broadcom Corp (NasdaqNM:BRCM - news) on Tuesday reviewed downward its earnings and revenue outlook for the first quarter, hit by a slowdown in customer orders because of the sluggish economy. The Irvine, Calif.-based company said it now expected earnings per share on a pro-forma basis of between eight and nine cents for the quarter ending in March. The outlook is quite distant from current analysts' expectations of earnings of 25 cents per share, according to a survey by research firm First Call/Thomson Financial. Broadcom also said it now expected first quarter revenues of between $315 million and $325 million. ``In February we started seeing a higher level of order delays by our customers,'' the company said in a release on Tuesday night. ``At the end of February we received notice of termination of a significant contract from one of our largest customers,'' it added referring to 3Com Corp (NasdaqNM:COMS - news). Broadcom shares rose 3/4, or 1.6 percent, to close at $47-7/8 on Tuesday. In the past 52 weeks, the company's share price has fluctuated between $40-3/4 and $274-3/4.