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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: stormrider1 who wrote (42707)	4/26/2001 2:43:17 PM
From: LTK007	Read Replies (1) \| Respond to of 56535

nice mike---put/call ratio at 1pm was 2 to 1 against the market,evidently heavy hedging against a bad GDP tomorrow.max

To: stormrider1 who wrote (42707)	4/26/2001 3:22:10 PM
From: LTK007	Read Replies (1) \| Respond to of 56535

via Briefing.com(aside-- mike posting is fun when i don't have my neck in a trader's noose,and it is cloudy outside,just keeps my brain cells alive and well:)<<Live Headline 26-Apr-01 14:57 ET Telecom Equipment : Bernstein analyst Paul Segawa, who made a name for himself by downgrading NT and CSCO before the plunge, will be hosting a conference call tomorrow at 10 ET to discuss telecom capex plans. Sources at Bernstein tell us that Segawa was quite negative in a note today: he now sees No American capex down 20% in 2001 and down another 5+% in 2002. Sees NT as most exposed, CSCO turning around in 2002 due to improved enterprise spending, LU as a value play. Likes wireless sector better, favoring NOK but not ERICY and MOT. Already seeing pressure on telecom equip stocks this afternoon, and could see more as traders anticipate a negative take from an influential analyst.>> end quote