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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (17310)	6/7/2001 8:57:03 PM
From: TREND1	Read Replies (1) \| Respond to of 30051

SOX INDEX above 200 DMA Sure sounds like a BULL MARKET ! geocities.com Larry Dudash

To: Zeev Hed who wrote (17310)	6/7/2001 9:07:10 PM
From: westpacific	Read Replies (1) \| Respond to of 30051

Zeev - TXCC at least they are honest ``The unprecedented downturn among our North American customer base has now spread to Europe and appears to be impacting some of our Asian customers as well,'' said TranSwitch chairman Santanu Das. TranSwitch issued two profit warnings during the first quarter, citing weaker North American demand." It is obvious, outright lies going on right now, INTC would not comment beyond JQ!!!! Added 13B in 3 hours tonight. The idea is protect share price while praying for a recovery. SEC is asleep at the wheel. West

To: Zeev Hed who wrote (17310)	6/7/2001 9:36:59 PM
From: Dale Baker	Read Replies (2) \| Respond to of 30051

If this trading range continues for another 5 weeks, it will get us into the brginning of earnings reports, do you think that the next earning season will be worse (relative to expectations) than the last one? The July earnings season will be a forward-looking exercise. Market will discount all rotten Q2 numbers as a given and focus on who claims a turnaround is in the works with improved backlog, etc. I expect the optimistic players to get a quick rocket ride as traders pile in and funds with piles of cash on the sidelines start handicapping their horses for the expected new tech race. Just one scenario but likely given market psychology, IMHO.

To: Zeev Hed who wrote (17310)	6/7/2001 10:25:15 PM
From: ajtj99	Respond to of 30051

Zeev, I think the 1st Quarter caught many tech companies in a state of denial, and subsequently their numbers were not ratcheted down fast enough to keep up with the pace of change in their business. CSCO's Chambers kept saying it was like someone turned off a light in December, but he did not see enough urgency to attempt to cancel orders for components until Late February and early March. That's denial. I believe the techs have learned their lesson, and the numbers for the tech industries may come in close to or at the worst slightly below current estimates, but I believe the non-tech issues will be the ones to disappoint. The straw that breaks the camel's back may be revisions of 3rd quarter forecasts. Remember, most people 6-months ago were forecasting a V-shaped recovery starting in the summer. If that's revised to the 4th quarter or beyond, techs should get pounded That may be the horse that pulls the techs down.