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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: Sully- who wrote (457)6/5/2001 6:29:28 AM
From: Venditâ„¢  Read Replies (1) | Respond to of 8752
 
I think that we're going to see some bad earnings comparisons for the near term

I fully agree with you about the earnings picture although many of the stocks that are trading stocks either have no PE or have maintained an extremely high PE even when the NASDAQ was on the bottom so those stock will probably not be too phased by a summer lull coupled with bad present or future earnings.

Most of the solid companies like, MSFT, AOL and CSCO are pre announcing projected declining or flat sales and earnings into the middle of 2002 so most of what I have said has likely already been built into the price of these tech stocks. I suspect that they will continue to get their normal earnings runs and post earnings sell offs as is normal. In the mean time I see them as safe bets to trade in most any market condition but this is JMO.